GraphixAsset Limited

(Registration number: 03583711)
Balance Sheet as at 30 June 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	2,884	5,239
Current assets
Debtors	5	26,149	26,843
Cash at bank and in hand		89,880	72,702
		116,029	99,545
Creditors: Amounts falling due within one year	6	(55,077)	(65,924)
Net current assets		60,952	33,621
Total assets less current liabilities		63,836	38,860
Creditors: Amounts falling due after more than one year	6	(3,813)	(11,521)
Net assets		60,023	27,339
Capital and reserves
Called up share capital	7	3	3
Share premium reserve		192,749	192,749
Profit and loss account		(132,729)	(165,413)
Total equity		60,023	27,339

GraphixAsset Limited

(Registration number: 03583711)
Balance Sheet as at 30 June 2025

For the financial year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised for issue by the director on 19 June 2026
 

.........................................

C J Gledhill

Director

GraphixAsset Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

1	Statutory information

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

The address of its registered office is:
1st Floor
25 King Street
Bristol
BS1 4PB

2	Accounting policies

Summary of significant accounting policies

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.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

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

The financial statements are prepared in pounds sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

The company’s financial statements have been prepared on a going concern basis. The director has considered a period of twelve months from the date of approval of the financial statements and believes that the company is able to meet liabilities as they fall due.

Revenue recognition

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

The company recognises revenue when:
The amount of revenue can be reliably measured; and it is probable that future economic benefits will flow to the entity.

Tax

The tax expense or credit for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

GraphixAsset Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

The current corporation tax charge or credit is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax
Deferred corporation tax is recognised on 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 income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible fixed assets

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

The cost of tangible fixed assets includes directly attributable incremental costs incurred in their acquisition and installation.

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

Fixtures, fittings and equipment	25% on cost

Research and development costs

Expenditure on research and development is written off to the profit and loss account during the year in which it is incurred.

Cash and cash equivalents

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

Trade debtors

Trade debtors are recognised initially at the transaction price. They are subsequently measured at cost, less any provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are recognised at the transaction price.

GraphixAsset Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense.

The cost of any unused holiday entitlement is recognised in the period in which the employees' services are received.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2024 - 3).

GraphixAsset Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

4	Tangible fixed assets

	Furniture, fittings and equipment  £
Cost
At 1 July 2024	23,054
At 30 June 2025	23,054
Depreciation
At 1 July 2024	17,815
Charge for the year	2,355
At 30 June 2025	20,170
Carrying amount
At 30 June 2025	2,884
At 30 June 2024	5,239

5	Debtors: amounts falling due within one year

	2025 £	2024 £
Trade debtors	19,049	22,834
Other debtors	1,688	1,000
Prepayments	412	3,009
Director's loan account	5,000	-
	26,149	26,843

The overdrawn director's loan account is interest free, unsecured and repayable on demand.

GraphixAsset Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

6

Creditors

	2025 £	2024 £
Bank loans and overdrafts	8,104	8,460
Trade creditors	8,464	12,848
Corporation tax	1,688	-
Taxation and social security	19,209	21,202
Other creditors	608	948
Accruals and deferred income	17,004	22,466
	55,077	65,924
Due after one year
Loans and borrowings	3,813	11,521

The borrowings represent a Bounce Back Loan which is repayable by 31 December 2027. The loan is unsecured.

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £0.001 each	2,857	2.86	2,857	2.86

8	Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

	2025 £	2024 £
	-	5,638

The amount of non-cancellable operating lease payments recognised as an expense during the year was £6,852 (2024 - £7,961).

GraphixAsset Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

9	Related party transactions

Transactions with the director

2025	At 1 July 2024 £	Advances to director £	At 30 June 2025 £
	-	5,000	5,000