REGISTERED NUMBER: 14974565 (England and Wales)

Unaudited Financial Statements

for the Period 4 January 2024 to 31 December 2024

for

Addex Urban Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

340,000

380,000

Tangible assets

5

1,728,773

801,497

2,068,773

1,181,497

CURRENT ASSETS

Stocks

1,358,764

1,581,038

Debtors

6

624,086

1,062,217

Cash at bank

222

-

1,983,072

2,643,255

CREDITORS

Amounts falling due within one year

7

(1,223,740

)

(1,742,785

)

NET CURRENT ASSETS

759,332

900,470

TOTAL ASSETS LESS CURRENT LIABILITIES

2,828,105

2,081,967

CREDITORS

Amounts falling due after more than one year

8

(2,549,668

)

(1,966,721

)

PROVISIONS FOR LIABILITIES

(73,790

)

-

NET ASSETS

204,647

115,246

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

203,647

114,246

204,647

115,246

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 October 2025 and were signed on its behalf by:

Mr L Ching - Director

1.	STATUTORY INFORMATION

Addex Urban Ltd is a private company, limited by shares, domiciled in England registration number 14974565. The registered office is Innovation House, Innovation Park, Main Road, Middleton Cheney, Banbury, United Kingdom, OX17 2PR.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover represents net invoiced sales of goods in respect of environmental cleaning equipment and other machinery, excluding value added tax. Sales are recognised at the point at which the goods are delivered.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

20% on cost

Plant and machinery etc

-

20% on reducing balance

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is represented by purchase price.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Provisions

Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

Cash and cash equivalents

Cash and cash equivalents include cash at bank and in hand and highly liquid interest-bearing securities with maturities of three months or less. In the cash-flow statement, cash and cash equivalents are shown net of bank overdrafts, which are included as current borrowings in liabilities on the balance sheet.

Going concern

The directors of the company have reviewed the company's financial position for 12 months from the balance sheet signing date and it is the director's belief that the company should prepare financial statements on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 4 January 2024

and 31 December 2024

400,000

AMORTISATION

At 4 January 2024

20,000

Charge for period

40,000

At 31 December 2024

60,000

NET BOOK VALUE

At 31 December 2024

340,000

At 3 January 2024

380,000

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 4 January 2024

3,896

884,931

888,827

Additions

6,349

1,452,238

1,458,587

Reclassification/transfer

-

(318,834

)

(318,834

)

At 31 December 2024

10,245

2,018,335

2,028,580

DEPRECIATION

At 4 January 2024

390

86,940

87,330

Charge for period

1,768

242,592

244,360

Reclassification/transfer

-

(31,883

)

(31,883

)

At 31 December 2024

2,158

297,649

299,807

NET BOOK VALUE

At 31 December 2024

8,087

1,720,686

1,728,773

At 3 January 2024

3,506

797,991

801,497

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

3.1.24

£

£

Trade debtors

424,249

1,061,217

Other debtors

199,837

1,000

624,086

1,062,217

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

3.1.24

£

£

Hire purchase contracts

204,287

-

Trade creditors

298,791

994,297

Amounts owed to related parties

711,311

627,246

Taxation and social security

-

118,242

Other creditors

9,351

3,000

1,223,740

1,742,785

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

3.1.24

£

£

Hire purchase contracts

464,649

-

Amounts owed to related parties

2,085,019

1,966,721

2,549,668

1,966,721

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

3.1.24

£

£

Hire purchase contracts

668,936

-

Hire purchase contracts are secured on the assets to which they relate.

10.	RELATED PARTY DISCLOSURES

Amounts due to companies under common control of £2,796,330 (2023: £2,593,967).