NOVAX SYSTEMS LIMITED


Director	SINCLAIR-SANDERS, Oscar Samuel


Registered Address	71-75 Shelton Street
	Covent Garden
	London
	WC2H 9JQ


Registered Number	11266494 (England and Wales)

Balance Sheet as at
31 March 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Intangible assets	3		910		1,111
Tangible assets	4		1,685		1,804
			2,595		2,915
Current assets
Stocks		429,067		105,592
Debtors		1,317,926		247,530
Cash at bank and on hand		731,349		23,156
		2,478,342		376,278
Creditors amounts falling due within one year		(1,335,845)		(197,734)
Net current assets (liabilities)			1,142,497		178,544
Total assets less current liabilities			1,145,092		181,459
Creditors amounts falling due after one year			(40,520)		(60,568)
Net assets			1,104,572		120,891
Capital and reserves
Called up share capital			100		100
Other reserves			-		30,000
Profit and loss account			1,104,472		90,791
Shareholders' funds			1,104,572		120,891

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Director on 8 July 2026, and are signed on its behalf by:

SINCLAIR-SANDERS, Oscar Samuel
Director
Registered Company No. 11266494

NOVAX SYSTEMS LIMITED

Notes to the Financial Statements
for the year ended 31 March 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Intangible assets
	Intangible fixed assets are stated at cost or valuation less amortisation.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Fixtures and fittings	4
	Office Equipment	4

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2026		2025
	Average number of employees during the year	0		0

3.	Intangible assets

		Total
		£
	Cost or valuation
	At 01 April 25	2,012
	At 31 March 26	2,012
	Amortisation and impairment
	At 01 April 25	900
	Charge for year	202
	At 31 March 26	1,102
	Net book value
	At 31 March 26	910
	At 31 March 25	1,111

4.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 April 25	4,452
	Additions	467
	At 31 March 26	4,909
	Depreciation and impairment
	At 01 April 25	2,647
	Charge for year	587
	At 31 March 26	3,225
	Net book value
	At 31 March 26	1,685
	At 31 March 25	1,804