Nayax Financial Services Ltd Accounts






Nayax Financial Services Ltd
Audited accounts
	Company No. 13010837
		Information for Filing with The Registrar
		31 December 2024

The Directors present their report and the accounts for the year ended 31 December 2024.

Principal activities
The principal activity of the company during the year under review was the provision of payment services.




Directors

The Directors who served at any time during the year were as follows:

D. Ben Avi

P. Morgan
Y. Nechmad
L. Zimbler (resigned 30/05/2025)






































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

Y. Nechmad
Director
16 December 2025

at	31 December 2024
Company No.		13010837	Notes	2024	2023
				£	£






Current assets

	Debtors		4	12,701,339	17,711,441

	Cash at bank and in hand			19,765,608	6,846,216
				32,466,947	24,557,657
Creditors: Amount falling due within one year			6	(30,947,525)	(23,825,887)
Net current assets				1,519,422	731,770
Total assets less current liabilities				1,519,422	731,770




Net assets				1,519,422	731,770

Capital and reserves
	Called up share capital			10,230	10,230
	Share premium account		8	1,011,770	1,011,770


	Profit and loss account		8	497,422	(290,230)

Total equity				1,519,422	731,770



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 16 December 2025 and signed on its behalf by:





Y. Nechmad
Director
16 December 2025

for the year ended 31 December 2024

General information

Nayax Financial Services Ltd is a private company limited by shares and incorporated in England and Wales.

The company's registered number is: 13010837

The address of the company's registered office is:

201 Haverstock Hill

London

NW3 4QG

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (January 2022) and the Companies Act 2006.

Going concern

These financial statements have been prepared on a going concern basis. The director, having considered the financial position of the company for a period of at least twelve months from the date of signing these financial statements, has no reason to believe that a material uncertainty exists that may cast doubt about the ability of the company to continue as a going concern. Accordingly the director has a reasonable expectation that the company will continue in operational existence and therefore he continues to adopt the going concern basis of accounting to prepare the financial statements.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable.

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 profit and loss account because of items of income or expense that are taxable or deductible in other years 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.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Foreign currencies

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors including expectations of future events that are believed to be reasonable under the circumstances.

A significant judgement applied by management relates to the recognition of turnover. The company’s clients are required to pass Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures in accordance with Financial Conduct Authority requirements before any income is recognised. Management has judged that turnover should only be recognised once these procedures are complete, as this is the point at which the company is satisfied that it has met its regulatory obligations and that the earnings process is substantially complete.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Interest payable

Interest payable and similar expenses are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount.

Defined contribution pensions

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.

The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

3	Employees
			2024	2023
			Number	Number
		The average monthly number of employees (including directors) during the year was:	5	4

4	Debtors
			2024	2023
			£	£
		Trade debtors	60,721	3,419
		Amounts owed by group undertakings	4,485	7,885,890




		Other debtors	12,630,765	9,806,132
		Prepayments and accrued income	5,368	16,000
			12,701,339	17,711,441

5	Cash at bank and in hand
		2024	2023
		£	£
	Current accounts	19,765,608	6,846,216

	£16.3m (2023: £5.1m) of the total balance is restricted cash to be transferred to customers. Additionally, £735,885 (2023: £735,290) is being held as a long term deposit.

6	Creditors:
		amounts falling due within one year
			2024	2023
			£	£




		Trade creditors	15,700	8,970
		Amounts owed to group undertakings	1,857,906	574,840
		Taxes and social security	806,982	7,303

		Other creditors	28,236,912	23,149,533
		Accruals and deferred income	30,025	85,241
			30,947,525	23,825,887

Share Capital

At 31 December 2023 there were 1,022,990 ordinary shares with a nominal value of £0.01 each called up and fully paid.

Reserves

Share premium account - includes any premiums received on issue of share capital. Any transaction costs associated with the issuing of shares are deducted from share premium.

Profit and loss account - includes all current and prior period retained profits and losses.

Related party disclosures

Transactions with related parties

The company has taken advantage of the exemption available according to FRS 102 1A "Related party disclosure"not to disclose transactions entered into between two or more members of a group that are wholly owned.

Parent Company

The name of the parent of the smallest group for which consolidated financial statements are drawn up of which this entity is a member:

Nayax Ltd

The parent's registered office address is:

3 Arik Einstein, Herzeliya, 4659071, Israel

Audit of the accounts

The directors have required the company to obtain an audit.

Unqualified

The auditors were: Gordon Levy Limited

The senior statutory auditor was: Gordon Levy