Company Registration No. 15014316 (England and Wales)
Ax-ai Ltd
Unaudited accounts
for the period from 1 January 2026 to 30 June 2026
Ax-ai Ltd
Unaudited accounts
Contents
Ax-ai Ltd
Company Information
for the period from 1 January 2026 to 30 June 2026
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 30 June 2026
Tangible assets
13,208
17,610
Inventories
565,000
782,500
Cash at bank and in hand
2,319,470
30,958
Creditors: amounts falling due within one year
(4,667,252)
(461,705)
Net current assets
331,329
363,152
Total assets less current liabilities
344,537
380,762
Creditors: amounts falling due after more than one year
(73,091)
(176,091)
Net assets
271,446
204,671
Called up share capital
500
500
Share premium
60,000
60,000
Profit and loss account
210,946
144,171
Shareholders' funds
271,446
204,671
For the period ending 30 June 2026 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 4 September 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 period from 1 January 2026 to 30 June 2026
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 period, 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 period from 1 January 2026 to 30 June 2026
4
Tangible fixed assets
Computer equipment
Charge for the period
4,402
At 31 December 2025
17,610
Amounts falling due within one year
Trade debtors
1,960,878
6,558
Other debtors
153,233
4,841
6
Creditors: amounts falling due within one year
2026
2025
Taxes and social security
69,953
44,700
Other creditors
491,698
359,760
Loans from directors
-
35,862
Deferred income
3,563,375
-
7
Creditors: amounts falling due after more than one year
2026
2025
Other creditors
73,091
176,091
Allotted, called up and fully paid:
500 Ordinary shares of £1 each
500
500
Ax-ai Ltd
Notes to the Accounts
for the period from 1 January 2026 to 30 June 2026
9
Transactions with related parties
During the period ended 30 June 2026 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.
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, the ultimate holder of the lease on the business expenses.
10
Average number of employees
During the period the average number of employees was 5 (2025: 3).