Dixa Ltd

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2—6

1. General Information

Dixa Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12250054 . The registered office is Knotel, Clerks Court 18-20 Farringdon, London, EC1R 3AU.

2. Statement of Compliance

The financial statements have been prepared in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3. Accounting Policies

3.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention.

The current financial period represents the period from 1 January 2025 to 31 December 2025. The comparative financial period represents the period from 1 January 2024 to 31 December 2024.

The presentational currency of the financial statements is Pound Sterling.

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses.

Actual results may differ from estimates.

3.2. Going Concern Disclosure

The financial statements are prepared on a going concern basis, as the director has considered financial projections for one year from the date of approval of these financial statements which support the director’s view that the Company will continue to operate as a going concern, primarily due to having sufficient cash reserves to meet all expected future costs.

The company has also received a letter of continued financial support from its parent company to support the going concern of the company for a period of at least one year from the date of approval of these financial statements.

3.3. Significant judgements and estimations

The company does not have any significant judgements and estimates in place during the year ended 31 December 2025 (2024: Nil). There were no changes to accounting policies during the year.

3.4. Turnover

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

3.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

3 years

3.6. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

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Dixa Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

3.7. Financial Instruments

The company has elected to apply the provisions of Section 11 ’Basic Financial Instruments’ and Section 12 ’Other

Financial Instruments issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the

contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a

legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to

realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price

including transaction costs and are subsequently carried at amortised cost using the effective interest method unless

the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the

future receipts discounted at a market rate of interest.

Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements

entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after

deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans and loans from related parties are classified as debt, are

initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the

debtinstrument is measured at the present value of the future payments discounted at a market rate of interest.

Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business

from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not,

they are presented as non-current liabilities.

Trade creditors are recognised initially at transaction price andsubsequently measured at amortised cost using the

effective interest method.

3.8. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3.9. 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 statement of comprehensive income 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 timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing 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. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

...CONTINUED

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Dixa Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

3.9. Taxation - continued

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3.10. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.

3.11. Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

4. Average Number of Employees

Average number of employees, including directors, during the year was: 24 (2024: 24)

5. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 January 2025	49,508

As at 31 December 2025	49,508

Depreciation
As at 1 January 2025	28,900
Provided during the period	7,607

As at 31 December 2025	36,507

Net Book Value
As at 31 December 2025	13,001

As at 1 January 2025	20,608

6. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	2,711	2,292
Deposits	182,806	131,378
VAT	36,927	18,070
Amounts owed by group undertakings	214,172	213,012

	436,616	364,752

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Dixa Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	475	34,146
Other taxes and social security	109,017	42,066
Other creditors	-	9,001
Bonus payable	83,680	-
Accruals and deferred income	4,100	167,308

	197,272	252,521

8. Deferred Taxation

The provision for deferred tax is made up as follows:

	2025	2024
	£	£
Other timing differences	68,650	68,650

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

10. Reserves

Retained earnings:

The retained earnings reserve includes all current and prior years net profits/(losses).

Capital contribution reserve:

The company owed its parent company, Dixa ApS, the sum of £3,909,035 as at 31 December 2022. The parent company, Dixa ApS converted its debt balance of £4,189,372 through a loan waiver. The balance has hence been converted to a component of equity as at 31 December 2024 in the capital contribution reserve.

11. Post Balance Sheet Events

There are no post balance sheet events after the reporting date.

12. Related Party Disclosures

The company has taken advantage of exemption, under 33.1A of the Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose transactions with wholly owned subsidiaries within the group.

13. Controlling Parties

The company's ultimate controlling party is Dixa ApS domiciled in Denmark by virtue of their interest in the share capital of the company.

14. FRC's Ethical Standard - Provision Available for Small Entities

In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

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Dixa Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

15. Audit Information

The auditor's report on the accounts of Dixa Ltd for the year ended 31 December 2025 was unqualified.

The auditor's report was signed by Tafadzwa George Mushambi BSc Hons, FCCA (Senior Statutory Auditor) for and on behalf of Mushambi & Associates Limited , Statutory Auditor.

Mushambi & Associates Limited

North London Office Park

Oakleigh Road South

London

N11 1GN

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		13,001		20,608

			13,001		20,608
CURRENT ASSETS
Debtors	6	436,616		364,752
Cash at bank and in hand		8,483		11,698

		445,099		376,450
Creditors: Amounts Falling Due Within One Year	7	(197,272 )		(252,521 )

NET CURRENT ASSETS (LIABILITIES)			247,827		123,929

TOTAL ASSETS LESS CURRENT LIABILITIES			260,828		144,537

PROVISIONS FOR LIABILITIES
Deferred Taxation	8		(68,650 )		(68,650 )

NET ASSETS			192,178		75,887

CAPITAL AND RESERVES
Called up share capital	9		1		1
Other reserves			4,189,372		4,189,372
Income Statement			(3,997,195 )		(4,113,486 )

SHAREHOLDERS' FUNDS			192,178		75,887