Company Registration No. 15014316 (England and Wales)
Ax-ai Ltd
Unaudited accounts
for the year ended 31 December 2025
Ax-ai Ltd
Unaudited accounts
Contents
Ax-ai Ltd
Company Information
for the year ended 31 December 2025
Directors
D J L Harper
G M Krasner
Company Number
15014316 (England and Wales)
Registered Office
Unit 4 The Watermark
Bankside
Gateshead
NE11 9SY
United Kingdom
Accountants
Craven Professional Solutions
126 Monkswell House
Manse Lane
Knaresborough
North Yorkshire
HG5 8NQ
Ax-ai Ltd
Statement of financial position
as at 31 December 2025
Inventories
782,500
92,000
Cash at bank and in hand
30,958
884
Creditors: amounts falling due within one year
(461,705)
(86,926)
Net current assets
363,152
63,911
Total assets less current liabilities
380,762
63,911
Creditors: amounts falling due after more than one year
(176,091)
-
Called up share capital
500
100
Profit and loss account
144,171
63,811
Shareholders' funds
204,671
63,911
For the year ending 31 December 2025 the company was entitled to exemption from audit 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 directors acknowledge 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 July 2026 and were signed on its behalf by
G M Krasner
Director
Company Registration No. 15014316
Ax-ai Ltd
Notes to the Accounts
for the year ended 31 December 2025
Ax-ai Ltd is a private company, limited by shares, registered in England and Wales, registration number 15014316. The registered office is Unit 4 The Watermark, Bankside, Gateshead, NE11 9SY, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Inventories have been valued at cost and represents the costs to date of ongoing projects where the Company retains the intellectual property rights.
Expenditure on research and development is either written off in the year in which it is incurred or part reflected in the inventory calculation on a project-by- project basis.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33.33% p.a. on cost
Ax-ai Ltd
Notes to the Accounts
for the year ended 31 December 2025
4
Tangible fixed assets
Computer equipment
At 31 December 2025
26,415
At 31 December 2025
17,610
Amounts falling due within one year
Amounts due from group undertakings etc.
-
253
Other debtors
4,841
52,450
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
44,700
6,174
Other creditors
359,760
49,098
Loans from directors
35,862
-
7
Creditors: amounts falling due after more than one year
2025
2024
Allotted, called up and fully paid:
500 Ordinary shares of £1 each
500
100
Shares issued during the period:
400 Ordinary shares of £1 each
400
Ax-ai Ltd
Notes to the Accounts
for the year ended 31 December 2025
9
Transactions with related parties
During the year ended 31 December 2025 management charges of £60,187 were paid to GMK Sporting Services Ltd, a private Company controlled by G M Krasner.
Further management charges of £144,000 were paid to Twentyco Limited, a private Company in which D J Harper is both a Director and shareholder of.
In addition included in rent paid were accomodation expenses of £20,000 paid to Panoramic Services Limited, a private Company controled by D J Harper and further accomodation expenses of £7,500 paid to Twentyco Limited.
10
Average number of employees
During the year the average number of employees was 3 (2024: 3).