Axitech Group Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

1. General Information

Axitech Group Limited is a private company, limited by shares, incorporated in England & Wales, the registered number is 05171643 . The registered office is 1 Park Row, Leeds, LS1 5AB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Going Concern Disclosure

The directors have considered the current and future cash flow requirements of the company and believe that preparing the accounts on a going concern basis is wholly appropriate.

2.3. 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:

Computer Equipment

25% reducing balance

2.4. Financial Instruments

Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade debtors and creditors are classified as basic financial instruments and are recognised at transaction price less any impairment. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Other debtors and creditors are measured at amortised cost using the effective interest rate method.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with 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. Equity instruments issued by the company are recorded at the proceeds received.

2.5. Foreign Currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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.

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Axitech Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.6. Taxation

The taxation expense represents the sum of the tax currently payable and deferred tax. Current or deferred tax for the year is recognised in profit or loss, except when they related 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.

Current 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

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 asset reflects 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.

Deferred tax is only adjusted if the change in the timing difference is material.

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.8. Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 9 (2024: 9)

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Axitech Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 January 2025	112,285
Additions	2,892
Disposals	(102,958 )

As at 31 December 2025	12,219

Depreciation
As at 1 January 2025	105,730
Provided during the period	1,654
Disposals	(101,478 )

As at 31 December 2025	5,906

Net Book Value
As at 31 December 2025	6,313

As at 1 January 2025	6,555

5. Investments

	Subsidiaries
	£
Cost or Valuation
As at 1 January 2025	204

As at 31 December 2025	204

Provision
As at 1 January 2025	-

As at 31 December 2025	-

Net Book Value
As at 31 December 2025	204

As at 1 January 2025	204

The company holds 100% of the share capital in Axitech Limited (5181425).

Profit for the year: £269,266

Capital and reserves: (£1,105,373)

The company holds 100% of the share capital in InterMediation Group Ltd (3245756). This company was dormant for the period.

...CONTINUED

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Axitech Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

5. Investments - continued

The company holds 100% of the share capital in InterResolve Claims Ltd (6668816). This company was dormant for the period.

The company holds 100% of the share capital in InterResolve Ltd (3238915). This company was dormant for the period.

The company holds 100% of the share capital in MotorResolve Ltd (7427340). This company was dormant for the period.

The company holds 100% of the share capital in LWYR Ltd (6914725). This company was dormant for the period.

The company holds 100% of the share capital in Axitech Inc (6821357). This company was dormant for the period.

6. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	220,137	28,357
Due after more than one year
Amounts owed by group undertakings	1,057,639	1,628,640

	1,277,776	1,656,997

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	32,820	4,666
Other creditors	42,715	18,379
Taxation and social security	15,276	82,465

	90,811	105,510

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Loans due - More than 1 year	1,575,320	1,575,320
Amounts owed to group undertakings	203	204

	1,575,523	1,575,524

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Axitech Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

9. Secured Creditors

A fixed and floating charge over the undertaking and all property and assets, present and future including goodwill and book debts was created on 10th January 2017 by Rivertrade Limited to secure all monies due or becoming due from the company.

	2025		2024
	£		£
Other Creditors	1,575,320		1,575,320

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1,168,806	1,168,806

11. Post Balance Sheet Events

After the balance sheet date, Tim Bunting, a director and shareholder, loaned the company £500,000. The loan is due for repayment 24 months after the commencement date and bears no interest.

12. Related Party Transactions

At the year end, £1,057,639 (2024: £1,628,640) was owed from Axitech Limited, a wholly owned subsidiary of Axitech Group Limited.

At the year end, £1,575,320 (2024: £1,575,320) was owed to Rivertrade Limited, a shareholder and has a director in common.

At the year end, £100 (2024: £100) was owed to InterMediation Group Limited, a wholly owned subsidiary of Axitech Group Limited.

At the year end, £1 (2024: £1) was owed to InterResolve Claims Limited, a wholly owned subsidiary of Axitech Group Limited.

At the year end, £100 (2024: £100) was owed to InterResolve Limited, a wholly owned subsidiary of Axitech Group Limited.

At the year end, £1 (2024: £1) was owed to MotorResolve Limited, a wholly owned subsidiary of Axitech Group Limited.

At the year end, £1 (2024: £1) was owed to LWYR Limited, a wholly owned subsidiary of Axitech Group Limited.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		6,313		6,555
Investments	5		204		204

			6,517		6,759
CURRENT ASSETS
Debtors	6	1,277,776		1,656,997
Cash at bank and in hand		97,985		1,233,180

		1,375,761		2,890,177
Creditors: Amounts Falling Due Within One Year	7	(90,811 )		(105,510 )

NET CURRENT ASSETS (LIABILITIES)			1,284,950		2,784,667

TOTAL ASSETS LESS CURRENT LIABILITIES			1,291,467		2,791,426

Creditors: Amounts Falling Due After More Than One Year	8		(1,575,523 )		(1,575,524 )

NET (LIABILITIES)/ASSETS			(284,056 )		1,215,902

CAPITAL AND RESERVES
Called up share capital	10		1,168,806		1,168,806
Share premium account			20,688,582		20,688,582
Profit and Loss Account			(22,141,444 )		(20,641,486 )

SHAREHOLDERS' FUNDS			(284,056)		1,215,902