| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 30 June 2025 |
| for |
| CITYAXIS LIMITED |
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 30 June 2025 |
| for |
| CITYAXIS LIMITED |
| CITYAXIS LIMITED (REGISTERED NUMBER: 02748683) |
| Contents of the Financial Statements |
| for the year ended 30 June 2025 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| CITYAXIS LIMITED |
| Company Information |
| for the year ended 30 June 2025 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 5th Floor |
| Palladium House |
| 1-4 Argyll Street |
| London |
| W1F 7TA |
| CITYAXIS LIMITED (REGISTERED NUMBER: 02748683) |
| Statement of Financial Position |
| 30 June 2025 |
| 2025 | 2024 |
| Notes | £ | £ |
| FIXED ASSETS |
| Property, plant and equipment | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 10 |
| Share premium |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| CITYAXIS LIMITED (REGISTERED NUMBER: 02748683) |
| Statement of Financial Position - continued |
| 30 June 2025 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| CITYAXIS LIMITED (REGISTERED NUMBER: 02748683) |
| Notes to the Financial Statements |
| for the year ended 30 June 2025 |
| 1. | STATUTORY INFORMATION |
| CityAxis Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The preparation of financial statements in accordance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the company's accounting policies. The areas where assumptions and estimates are significant to the financial statements are disclosed below. |
| Revenue |
| Revenue represents the total amount receivable, net of value added tax, for goods and services provided in the ordinary course of business during the period. |
| Long term contracts are assessed on a contract by contract basis. Where the outcome of a long term contract can be estimated reliably revenue and costs are recognised by reference to the stage of completion of the contract activity at the balance sheet date. If a contract is expected to be loss-making a provision is recognised for the entire loss. |
| Property, plant and equipment |
| Property, plant and equipment are stated at cost which is normally the original purchase price, less accumulated depreciation and accumulated impairment losses. |
| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
| Land and buildings | 12.50% on cost |
| Plant and machinery | 25% on reducing balance |
| Computer equipment | 25% on reducing balance |
| The assets carrying values are reviewed and adjusted, if appropriate at the end of each reporting period. |
| Taxation |
| Taxation for the year 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 statement of financial position date. |
| CITYAXIS LIMITED (REGISTERED NUMBER: 02748683) |
| Notes to the Financial Statements - continued |
| for the year ended 30 June 2025 |
| 3. | ACCOUNTING POLICIES - continued |
| Taxation |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
| Long term contracts |
| The amount by which recorded turnover is in excess of payments on account received is classified as "amounts recoverable on contracts" and is disclosed separately within debtors in the balance sheet. |
| The amount by which payments on account received is in excess of recorded turnover is classified as "payments on account" and is disclosed separately within creditors in the balance sheet. |
| Financial instruments |
| The company has adopted sections 11 of FRS 102 in respect of basic financial instruments. |
| Basic financial assets |
| Trade and other debtors and bank balances are initially recognised at transaction price and subsequently carried at amortised cost using the effective interest method. |
| At the end of each reporting period basic financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss. |
| If there is decrease in the impairment loss arising from an event occurring after the impairment was recognised the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss. |
| Basic financial assets are derecognised when (a) the contractual rights to the cash flows from the assets expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions. |
| Basic financial liabilities |
| Trade and other creditors are initially recognised at transaction price and subsequently carried at amortised cost, using the effective interest rate method. |
| Basic financial liabilities are derecognised when the contractual obligation is discharged, cancelled or expired. |
| CITYAXIS LIMITED (REGISTERED NUMBER: 02748683) |
| Notes to the Financial Statements - continued |
| for the year ended 30 June 2025 |
| 3. | ACCOUNTING POLICIES - continued |
| Significant judgements and estimates |
| The company makes estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results may differ from these estimates. |
| The timing of revenue recognition on long-term contracts depends on the assessed stage of completion of contract activity at the balance sheet date. This assessment requires the expected total contract revenues and costs to be estimated based on the current progress of the contract. |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 5. | PROPERTY, PLANT AND EQUIPMENT |
| Plant and | Computer |
| machinery | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 July 2024 |
| and 30 June 2025 |
| DEPRECIATION |
| At 1 July 2024 |
| Charge for year |
| At 30 June 2025 |
| NET BOOK VALUE |
| At 30 June 2025 |
| At 30 June 2024 |
| The net carrying amount of assets held under finance leases included in plant and machinery is £14,847 (2023: £19,795). |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| Amounts recoverable on contract |
| Other debtors |
| CITYAXIS LIMITED (REGISTERED NUMBER: 02748683) |
| Notes to the Financial Statements - continued |
| for the year ended 30 June 2025 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Finance leases (see note 9) |
| Trade creditors |
| Corporation tax |
| Social security and other taxes |
| Intercompany balance | 18,536 | 18,536 |
| Directors' loan accounts | 39,852 | 42,342 |
| Accruals |
| Facilities with the company bankers are secured by way of a full unlimited debenture. |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Finance leases (see note 9) |
| 9. | LEASING AGREEMENTS |
| Minimum lease payments fall due as follows: |
| Finance leases |
| 2025 | 2024 |
| £ | £ |
| Net obligations repayable: |
| Within one year |
| Between one and five years |
| Non-cancellable |
| operating leases |
| 2025 | 2024 |
| £ | £ |
| Within one year |
| Between one and five years |
| 10. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2025 | 2024 |
| value: | £ | £ |
| Ordinary | £1 | 10,256 | 10,256 |
| CITYAXIS LIMITED (REGISTERED NUMBER: 02748683) |
| Notes to the Financial Statements - continued |
| for the year ended 30 June 2025 |
| 11. | ULTIMATE CONTROLLING PARTY |
| The company is controlled by K Ridge, a director and majority shareholder. |