Company No: 05120478 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	3	26,311		25,490
		26,311		25,490
Current assets
Debtors	4	325,476		99,933
Cash at bank and in hand		334,724		477,164
		660,200		577,097
Creditors: amounts falling due within one year	5	( 366,064)		( 359,430)
Net current assets		294,136		217,667
Total assets less current liabilities		320,447		243,157
Provision for liabilities		( 6,502)		0
Net assets		313,945		243,157
Capital and reserves
Called-up share capital	6	4		4
Profit and loss account		313,941		243,153
Total shareholder's funds		313,945		243,157

For the financial year ending 30 April 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Ifamax Limited (registered number: 05120478) were approved and authorised for issue by the Board of Directors on 22 July 2026. They were signed on its behalf by:

A A Chritchlow Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Ifamax Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Ground Floor, 1 Temple Back, Bristol, BS1 6FL, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Plant and machinery	20 % reducing balance
Fixtures and fittings	10 years straight line
Computer equipment	33 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to 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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	9		8

3. Tangible assets

	Plant and machinery		Fixtures and fittings		Computer equipment		Total
	£		£		£		£
Cost
At 01 May 2025	3,575		16,015		28,638		48,228
Additions	730		2,148		5,431		8,309
Disposals	( 1,135)		0		( 5,389)		( 6,524)
At 30 April 2026	3,170		18,163		28,680		50,013
Accumulated depreciation
At 01 May 2025	1,904		2,726		18,108		22,738
Charge for the financial year	442		1,788		4,199		6,429
Disposals	( 923)		0		( 4,542)		( 5,465)
At 30 April 2026	1,423		4,514		17,765		23,702
Net book value
At 30 April 2026	1,747		13,649		10,915		26,311
At 30 April 2025	1,671		13,289		10,530		25,490

4. Debtors

	2026		2025
	£		£
Trade debtors	600		4,200
Prepayments and accrued income	324,876		95,733
	325,476		99,933

5. Creditors: amounts falling due within one year

	2026		2025
	£		£
Trade creditors	22,635		20,523
Amounts owed to Group undertakings	89,409		0
Corporation tax	21,300		290,330
Other taxation and social security	8,641		10,304
Other creditors	224,079		38,273
	366,064		359,430

6. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
10,000 Ordinary shares of £ 0.0004 each	4		4

7. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2026		2025
	£		£
Within one year	49,140		49,140
Between one and five years	36,855		85,995
	85,995		135,135

8. Ultimate controlling party

Parent Company:

Ifamax Holdings Limited

Ground Floor 1 Temple Back Bristol BS1 6FL