GRAPHEX SYSTEMS LIMITED


Directors	Guy Jeremy Davis
	Ian Davis
	Sheila Margaret Davis
	Tim Davis
	Jan Gant


Company Secretary	Sheila Margaret Davis


Registered Address	42 Lytton Road
	Barnet
	EN5 5BY


Registered Number	02148956 (England and Wales)

Statement of Financial Position
30 June 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		889		-
Investments	4		1,802,488		1,651,540
			1,803,377		1,651,540
Current assets
Debtors		27,572		11,281
Current asset investments		395,065		453,792
Cash at bank and on hand		34,850		213,886
		457,487		678,959
Creditors amounts falling due within one year	5	(10,140)		(196,287)
Net current assets (liabilities)			447,347		482,672
Total assets less current liabilities			2,250,724		2,134,212
Provisions for liabilities	6		(119,690)		(81,953)
Net assets			2,131,034		2,052,259
Capital and reserves
Called up share capital			131,511		131,511
Other reserves			376,300		263,089
Profit and loss account			1,623,223		1,657,659
Shareholders' funds	7		2,131,034		2,052,259

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 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 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 financial statements were approved and authorised for issue by the Board of Directors on 23 July 2026, and are signed on its behalf by:

Jan Gant
Director
Registered Company No. 02148956

GRAPHEX SYSTEMS LIMITED

Notes to the Financial Statements
for the year ended 30 June 2025

1.	Accounting policies

	Statutory information
	Graphex Systems Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page. The presentation currency of the financial statements is the Pound Sterling (£).

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

	Basis of preparation
	These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

	Tangible fixed assets and depreciation
	Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Computer equipment - 25% on cost

	Investments
	Investments in subsidiary undertakings are recognised at cost.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	6		6

3.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
At 01 July 24	1,684	1,684
Additions	889	889
At 30 June 25	2,573	2,573
Depreciation and impairment
At 01 July 24	1,684	1,684
At 30 June 25	1,684	1,684
Net book value
At 30 June 25	889	889
At 30 June 24	-	-

4.	Fixed asset investments

	Investments in groups¹	Other investments²	Total
	£	£	£
Cost or valuation
At 01 July 24	6,933	1,644,607	1,651,540
Revaluations	-	150,948	150,948
At 30 June 25	6,933	1,795,555	1,802,488
Net book value
At 30 June 25	6,933	1,795,555	1,802,488
At 30 June 24	6,933	1,644,607	1,651,540

	Notes
	¹Investments in group undertakings and participating interests ²Other investments other than loans

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Taxation and social security	6,350	-
Other creditors	-	192,497
Accrued liabilities and deferred income	3,790	3,790
Total	10,140	196,287

6.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	119,690	81,953
Total	119,690	81,953

7.	Fair value reserve


		£
	Fair value reserve at 01 July 24	263,089
	Transferred in period	113,211
	At 30 June 25	376,300