10Bit Fx Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 09727850

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		23,098		25,942
Tangible Assets	5		37,759		41,399

			60,857		67,341
CURRENT ASSETS
Debtors	6	467,503		513,630
Cash at bank and in hand		1,554,552		1,014,111

		2,022,055		1,527,741
Creditors: Amounts Falling Due Within One Year	7	(1,823,712 )		(1,188,798 )

NET CURRENT ASSETS (LIABILITIES)			198,343		338,943

TOTAL ASSETS LESS CURRENT LIABILITIES			259,200		406,284

Creditors: Amounts Falling Due After More Than One Year	8		(74,776 )		(124,576 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(9,440 )		(10,437 )

NET ASSETS			174,984		271,271

CAPITAL AND RESERVES
Called up share capital	9		1		1
Profit and Loss Account			174,983		271,270

SHAREHOLDERS' FUNDS			174,984		271,271

Page 1

Page 2

10Bit Fx Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Luke Malcolm

Director

29th September 2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

10Bit Fx Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09727850 . The registered office is 86-90 Paul Street, London, EC2A 4NE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are software licenses and Trade Marks. They are amortised to the profit and loss account over the estimated economic life of 5 and 10 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	33% on cost
Computer Equipment	33% on cost

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

Page 3

Page 4

10Bit Fx Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 15 (2023: 13)

4. Intangible Assets

	Other
	£
Cost
As at 1 January 2024	33,562
Additions	631

As at 31 December 2024	34,193

Amortisation
As at 1 January 2024	7,620
Provided during the period	3,475

As at 31 December 2024	11,095

...CONTINUED

Page 4

Page 5

10Bit Fx Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

Net Book Value
As at 31 December 2024	23,098

As at 1 January 2024	25,942

5. Tangible Assets

	Plant & Machinery	Computer Equipment	Total
	£	£	£
Cost
As at 1 January 2024	27,600	138,210	165,810
Additions	529	23,049	23,578
Disposals	-	(2,088 )	(2,088 )

As at 31 December 2024	28,129	159,171	187,300

Depreciation
As at 1 January 2024	25,060	99,351	124,411
Provided during the period	1,400	25,818	27,218
Disposals	-	(2,088 )	(2,088 )

As at 31 December 2024	26,460	123,081	149,541

Net Book Value
As at 31 December 2024	1,669	36,090	37,759

As at 1 January 2024	2,540	38,859	41,399

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	214,673	173,319
Amounts owed by group undertakings	22,708	116,128
Other debtors	230,122	224,183

	467,503	513,630

Page 5

Page 6

10Bit Fx Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	33,168	58,816
Bank loans and overdrafts	49,784	49,784
Amounts owed to group undertakings	479,509	-
Other creditors	1,166,097	1,080,198
Taxation and social security	95,154	-

	1,823,712	1,188,798

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	74,776	124,576

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1	1

10. Related Party Transactions

At the balance sheet date, 10Bit FX was owed the following amounts:

	2024	2023
	£	£
10Bit Technologies Limited (Parent Company)	(479,509)	69,962
10Bit FX Finland Oy (Group Undertaking)	22,708	46,167
	(456,801)	116,129

During the year dividends of £700,000 (2023 - £240,000) were paid to 10Bit Technologies Limited, the parent company.

11. Ultimate Parent Undertaking and Controlling Party

The company's immediate and ultimate parent undertaking is 10Bit Technologies Limited . 10Bit Technologies Limited was incorporated in England. The ultimate controlling party is Matthew Swoboda who controls 54% of the shares of 10Bit Fx Limited .

12. Secured Creditors

Barclays Security Trustee Limited holds a fixed and floating charge over the assets of the company in respect of outstanding loan totalling £124,560 (2023 - £174,360) at the year end.

Page 6