Registrar

Registration number: 09724658

Axians Low Code UK Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 6

Axians Low Code UK Limited

Company Information

Directors

J P S D A Campos P M G Afonso N M D S Caldeirinha M D C D B Palma

Registered office

9 Perseverance Works Kingsland Road London E2 8DD

Bankers

Santander UK PLC 2 Triton Square Regent's Place London NW1 3AN

Auditors

Lambert Chapman LLP Chartered Accountants and Registered Statutory Auditors3 Warners Mill Silks Way Braintree Essex CM7 3GB

Axians Low Code UK Limited

(Registration number: 09724658)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	-	39
Current assets
Debtors	5	57,405	95,066
Cash at bank and in hand		195,493	289,188
		252,898	384,254
Creditors: Amounts falling due within one year	6	(107,526)	(149,766)
Net current assets		145,372	234,488
Net assets		145,372	234,527
Capital and reserves
Called up share capital	7	10,000	10,000
Retained earnings		135,372	224,527
Shareholders' funds		145,372	234,527

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 December 2025 and signed on its behalf by:
 

J P S D A Campos
Director

Axians Low Code UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The company was formerly known as Truewind UK Limited and changed its name on 8 October 2024.

The address of its registered office is: 9 Perseverance Works, Kingsland Road, London, E2 8DD.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

These financial statements are presented in Sterling (£), which is the company's functional currency.

Summary of disclosure exemptions

The Company has taken advantage of the following disclosure exemptions under FRS 102 1A.
- Requirement of section 33 Related party Disclosures paragraph 33.7.
- The requirement to disclose transactions with other members of the group in accordance with section 33.1A.

Going concern

The financial statements have been prepared on a going concern basis. The directors have undertaken a detailed going
concern assessment, reviewing its current and projected financial performance and position. The directors believe the
current changes to the business will have a positive impact in future years. The directors believe that the company will
be able to operate for the foreseeable future and no material uncertainties exist at the balance sheet date. The availability
of sufficient resources is dependent upon the parent company Axians EU DC LC.S.A continuing to support the
company.

Axians Low Code UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

Audit report

The Independent Auditor's Report was unqualified. . The name of the Senior Statutory Auditor who signed the audit report on 30 December 2025 was Mark Pearson FCA, who signed for and on behalf of Lambert Chapman LLP.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of software services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The contracts are invoiced in advance of works being undertaken. The contracts are measured based on the time spent and the costs incurred based on the estimated costs of completion.
Accrued income is recognised in debtors and deferred income in creditors depending on the level of work undertaken compared to the invoiced amounts.

The company recognises revenue when:
- The amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity;
- and specific criteria have been met for each of the company's activities.

Tax

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on material temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office Equipment	33% Straight Line Method

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Share capital

Ordinary shares are classified as equity.

Axians Low Code UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2023 - 5).

4	Tangible assets

	Office equipment  £	Total £
Cost or valuation
At 1 January 2024	5,729	5,729
At 31 December 2024	5,729	5,729
Depreciation
At 1 January 2024	5,691	5,691
Charge for the year	38	38
At 31 December 2024	5,729	5,729
Carrying amount
At 31 December 2024	-	-
At 31 December 2023	39	39

5

Debtors

	2024 £	2023 £
Trade debtors	26,305	64,262
Prepayments and accrued income	618	30,306
Other debtors	763	498
Deferred tax asset	29,719	-
	57,405	95,066

Axians Low Code UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

6

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Due within one year
Trade creditors	10,549	1,060
Amounts owed to group undertakings	-	2,325
Taxation and social security	11,503	67,716
Accruals and deferred income	85,474	78,408
Other creditors	-	257
	107,526	149,766

7	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary Shares of £1 each	10,000	10,000	10,000	10,000

8	Parent and ultimate parent undertaking

The company's immediate parent is Axians EU DC LC.S.A, a company incorporated and registered in Portugal. The company's ultimate parent company is VINCI SA, a company incorporated in France. Copies of the financial statements of VINCI SA are available from 1973 boulevard de La Défense. 92000 Nanterre.