REGISTERED NUMBER: 04228490 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

AXON-IT.COM LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M J Agutter

R J Bradney

T J Mears

SECRETARY:

M J Agutter

REGISTERED OFFICE:

Equinox House

Clifton Park Avenue

Shipton Road

York

YO30 5PA

REGISTERED NUMBER:

04228490 (England and Wales)

ACCOUNTANTS:

Fortus Limited

Business Advisors & Accountants

Equinox House

Clifton Park, Shipton Road

York

Yorkshire

YO30 5PA

FIXED ASSETS

Tangible assets

4

26,801

26,289

CURRENT ASSETS

Stocks

29,713

6,645

Debtors

5

512,655

548,750

Cash at bank

434,302

291,511

976,670

846,906

CREDITORS

Amounts falling due within one year

6

413,141

334,755

NET CURRENT ASSETS

563,529

512,151

TOTAL ASSETS LESS CURRENT LIABILITIES

590,330

538,440

CREDITORS

Amounts falling due after more than one year

7

(8,993

)

(45,603

)

PROVISIONS FOR LIABILITIES

(6,700

)

(6,572

)

NET ASSETS

574,637

486,265

CAPITAL AND RESERVES

Called up share capital

1,025

1,025

Capital redemption reserve

4

4

Retained earnings

573,608

485,236

SHAREHOLDERS' FUNDS

574,637

486,265

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 30 September 2025 and were signed on its behalf by:

M J Agutter - Director

1.	STATUTORY INFORMATION

Axon-It.Com Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

These financial statements are prepared in sterling, which is the functional currency of the

company. Monetary amounts in these financial statements are rounded to the nearest £1.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Short leasehold - 50% on cost

Plant and machinery - 33% on cost

Fixtures and fittings - 15% on reducing balance

Motor vehicles - 25% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2024 - 19 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

5,332

103,464

108,796

Additions

-

14,817

14,817

Disposals

-

(31,919

)

(31,919

)

At 31 March 2025

5,332

86,362

91,694

DEPRECIATION

At 1 April 2024

5,332

77,175

82,507

Charge for year

-

11,745

11,745

Eliminated on disposal

-

(29,359

)

(29,359

)

At 31 March 2025

5,332

59,561

64,893

NET BOOK VALUE

At 31 March 2025

-

26,801

26,801

At 31 March 2024

-

26,289

26,289

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

226,944

212,744

Other debtors

285,711

336,006

512,655

548,750

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

63,714

69,088

Trade creditors

206,840

149,744

Taxation and social security

133,555

105,762

Other creditors

9,032

10,161

413,141

334,755

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

8,993

45,603

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in 'Other Creditors' at 31 March 2025 is £5,519 (2024 - £6,246) due to the directors' of the

company.

9.	RELATED PARTY DISCLOSURES

Included in 'Other debtors' is £274,816 (2024 - £313,040) due from Dynamiti Limited and £2,509 (2024: £2,088) due from MGT Holdings Limited. Dynamiti Limited and Axon -IT.com Limited are associated companies with MGT Holding Limited being the mutual parent company. Included within Trade Creditors is £59,040 (2024: 28,800) owed to Dynamiti Limited.

10.	ULTIMATE CONTROLLING PARTY

The company is wholly owned subsidiary of MGT Holdings Limited, a company registered in England

and Wales, which is the immediate and ultimate parent undertaking, MGT Holdings Limited is not

required to prepare group accounts.