Nayax (UK) Ltd Accounts






Nayax (UK) Ltd
Audited accounts
	Company No. 07939558
		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 solutions and sale of computer and peripheral equipment.




Directors

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

D. Ben Avi
S. Manor			(Appointed 22 January 2024)
A. Nechmad
Y. Nechmad





































Auditors
The auditors, Gordon Levy Limited, will be proposed for appointment in accordance with Section 486 of the Companies Act 2006.




































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
14 December 2025

at	31 December 2024
Company No.		07939558	Notes	2024	2023
				£	£






Current assets
	Stocks		4	1,012,530	417,750
	Debtors		5	2,587,810	2,488,961

	Cash at bank and in hand			1,044,899	383,958
				4,645,239	3,290,669
Creditors: Amount falling due within one year			6	(3,318,795)	(2,299,801)
Net current assets				1,326,444	990,868
Total assets less current liabilities				1,326,444	990,868




Net assets				1,326,444	990,868

Capital and reserves
	Called up share capital			1,000	1,000


	Other reserves		8	418,504	304,949
	Profit and loss account		8	906,940	684,919

Total equity				1,326,444	990,868



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 14 December 2025 and signed on its behalf by:
Y. Nechmad
Director
14 December 2025

for the year ended 31 December 2024

General information

Nayax (UK) Ltd is a private company limited by shares and incorporated in England and Wales.

Its registered number is: 07939558

Its 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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Furniture, fittings and equipment

25% Straight line

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.

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 temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary 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.

Current or deferred tax for the year is recognised in profit or loss, except when they relate 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.

Stocks

Stocks are stated at the lower of cost and net realisable value. Net realisable value is based upon estimated selling prices less further costs expected to be incurred to disposal.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the statement of comprehensive income.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.

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.

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.

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.

Share based payments

Share-based payment arrangements in which the entity receives goods or services as consideration for its own equity instruments are accounted for as equity-settled share-based payment transactions, regardless of how the equity instruments are obtained by the entity.

The grant date fair value of share-based payments awards granted to employees is recognised as an employee expense, with a corresponding increase in equity, over the period in which the employees become unconditionally entitled to the awards. The fair value of the awards granted is measured based on anusing an option valuation model, taking into account the terms and conditions upon which the awards were granted. The amount recognised as an expense is adjusted to reflect the actual number of awards for which the related service and non-market vesting conditions are expected to be met, such that the amount ultimately recognised as an expense is based on the number of awards that do meet the related service and non-market performance conditions at the vesting date. For share-based payment awards with non-vesting conditions, the grant date fair value of the share-based payment is measured to reflect such conditions and there is no true-up for differences between expected and actual outcomes. Where the terms and conditions of options are modified before they vest, the increase in the fair value of options, measured immediately before and after the modification, is also charged to the Profit and Loss account over the remaining vesting period.

Provisions

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.

3	Employees
			2024	2023
			Number	Number
		The average monthly number of employees (including directors) during the year was:	27	23

4	Stocks
			2024	2023
			£	£


		Finished goods	1,012,530	417,750
			1,012,530	417,750

5	Debtors
			2024	2023
			£	£
		Trade debtors	1,424,907	1,426,404
		Amounts owed by group undertakings	360,301	432,092




		Other debtors	35,237	28,062
		Prepayments and accrued income	767,365	602,403
			2,587,810	2,488,961

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




		Trade creditors	7,557	70,481
		Amounts owed to group undertakings	2,441,736	1,350,221
		Taxes and social security	543,645	637,990

		Other creditors	274,012	184,569
		Accruals and deferred income	51,845	56,540
			3,318,795	2,299,801

7	Share based payments

	The company operates an employee share option plan, no options have been granted in 2024 (2023: 11,602) for shares in the company.
	Details of the share options outstanding during the year are as follows, presented in USD:
		Weighted average exercise price	Number	Weighted average exercise price	Number
		2024	2024	2023	2023

	Outstanding as at beginning of year	1.911	349,602	1.559	338,000
	Granted during the year	-	-	12.178	11,602
	Cancelled during the year	-	-	-	-
	Outstanding as at the end of the year	1.911	349,602	1.911	349,602

			2024		2023

	Option pricing model used		Black- scholes		Black- scholes

	Share price (USD)		12.18		12.18
	Exercise price (USD)		12.20		12.20
	Contractual life (years)		4.46		4.46
	Expected volatility		62.66%		62.66%
	Risk-free interest rate		3.96%		3.96%


			2024		2023
			£		£

	Equity-settled schemes		418,504		304,949

8	Reserves
			Other reserves	Total other reserves
			£	£
		At 1 January 2023	185,032	185,032


		Transfers	119,917	119,917
		At 31 December 2023 and 1 January 2024	304,949	304,949


		Transfers	113,555	113,555
		At 31 December 2024	418,504	418,504


		Other reserves - consists of share based payments.

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

9	Guarantees and commitments
			2024	2023
			£	£
		Total of guarantees and commitments	185,846	136,036

Related party disclosures

Transactions with related parties

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