Axcess Payments Group Limited - Limited company accounts 25.1

REGISTERED NUMBER: 15209467 (England and Wales)

Report of the Directors and

Consolidated Financial Statements for the Year Ended 31 December 2025

for

Axcess Payments Group Limited

Page

Company Information

1

Report of the Directors

2

Consolidated Statement of Income and Retained Earnings

3

Consolidated Balance Sheet

4

Company Balance Sheet

6

Notes to the Consolidated Financial Statements

8

DIRECTORS:

N J Fox

M S Greenbank

R Potts

M J Booth

Miss S L Turnell

SECRETARY:

Miss S L Turnell

REGISTERED OFFICE:

Richmond House

Lawnswood Business Park

Redvers Close

Leeds

LS16 6QY

REGISTERED NUMBER:

15209467 (England and Wales)

ACCOUNTANTS:

Richard Smedley Limited

Chartered Accountants & Registered Auditors

Richmond House

Lawnswood Business Park

Redvers Close

Leeds

West Yorkshire

LS16 6QY

The directors present their report with the financial statements of the company and the group for the year ended 31 December 2025.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2025 to the date of this report.

N J Fox

M S Greenbank

R Potts

Other changes in directors holding office are as follows:

D Lewis - resigned 31 October 2025

M J Booth and Miss S L Turnell were appointed as directors after 31 December 2025 but prior to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Miss S L Turnell - Director

28 August 2026

TURNOVER

5,647,376

3,884,763

Cost of sales

2,380,928

1,338,100

GROSS PROFIT

3,266,448

2,546,663

Administrative expenses

2,733,051

2,253,939

533,397

292,724

Other operating income

82,248

16,774

OPERATING PROFIT

615,645

309,498

Interest receivable and similar income

18,940

15,243

634,585

324,741

Interest payable and similar expenses

1,431

1,592

PROFIT BEFORE TAXATION

633,154

323,149

Tax on profit

151,228

25,225

PROFIT FOR THE FINANCIAL YEAR

481,926

297,924

Retained earnings at beginning of year

1,062,154

764,230

RETAINED EARNINGS FOR THE
GROUP AT END OF YEAR

1,544,080

1,062,154

Profit attributable to:

Owners of the parent

481,926

297,924

FIXED ASSETS

Intangible assets

5

742,453

-

Tangible assets

6

18,090

8,495

Investments

7

-

760,543

8,495

CURRENT ASSETS

Debtors

8

808,606

962,320

Cash at bank

1,098,149

1,102,703

1,906,755

2,065,023

CREDITORS

Amounts falling due within one year

9

1,081,171

958,350

NET CURRENT ASSETS

825,584

1,106,673

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,586,127

1,115,168

CREDITORS

Amounts falling due after more than one year

10

(39,770

)

(50,939

)

PROVISIONS FOR LIABILITIES

(202

)

-

NET ASSETS

1,546,155

1,064,229

CAPITAL AND RESERVES

Called up share capital

727

Merger reserve

1,348

Retained earnings

1,544,080

1,062,154

1,546,155

1,064,229

The company and the group are entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company and the group to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the group keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company and the group as at the end of each financial year and of the group's profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company and the group.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2026 and were signed on its behalf by:

N J Fox - Director

Miss S L Turnell - Director

FIXED ASSETS

Intangible assets

5

1,500

-

Tangible assets

6

-

Investments

7

727

2,227

727

CREDITORS

Amounts falling due within one year

9

23,549

21,013

NET CURRENT LIABILITIES

(23,549

)

(21,013

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(21,322

)

(20,286

)

CAPITAL AND RESERVES

Called up share capital

727

Retained earnings

(22,049

)

(21,013

)

(21,322

)

(20,286

)

Company's loss for the financial year

(1,036

)

(21,013

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2026 and were signed on its behalf by:

Miss S L Turnell - Director

N J Fox - Director

1.	STATUTORY INFORMATION

Axcess Payments Group 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 General Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Development costs are being amortised evenly over their estimated useful life of five years.

Computer software is being amortised evenly over its estimated useful life of two years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

50% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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.

Research and development

Expenditure on research and development has been capitalised and will be written off when the asset is crystalized.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 46 (2024 - 41 ) .

The average number of employees by undertakings that were proportionately consolidated during the year was 46 (2024 - 41 ) .

4.	INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.

5.	INTANGIBLE FIXED ASSETS

Group

Other

intangible

assets

£

COST

Additions

742,453

At 31 December 2025

742,453

NET BOOK VALUE

At 31 December 2025

742,453

Company

Other

intangible

assets

£

COST

Additions

1,500

At 31 December 2025

1,500

NET BOOK VALUE

At 31 December 2025

1,500

6.	TANGIBLE FIXED ASSETS

Group

Computer

equipment

£

COST

At 1 January 2025

45,081

Additions

19,615

Disposals

(12,539

)

At 31 December 2025

52,157

DEPRECIATION

At 1 January 2025

36,586

Charge for year

10,019

Eliminated on disposal

(12,538

)

At 31 December 2025

34,067

NET BOOK VALUE

At 31 December 2025

18,090

At 31 December 2024

8,495

7.	FIXED ASSET INVESTMENTS

Company

Other

investments

£

COST

At 1 January 2025

and 31 December 2025

727

NET BOOK VALUE

At 31 December 2025

727

At 31 December 2024

727

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group

31.12.25

31.12.24

£

Trade debtors

637,113

408,109

Other debtors

171,493

554,211

808,606

962,320

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group

Company

31.12.25

31.12.24

31.12.25

31.12.24

£

Bank loans and overdrafts

11,170

11,031

-

Trade creditors

348,540

148,206

643

-

Amounts owed to group undertakings

-

22,906

21,014

Taxation and social security

220,941

95,001

-

Other creditors

500,520

704,112

-

(1

)

1,081,171

958,350

23,549

21,013

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

Group

31.12.25

31.12.24

£

Bank loans

39,770

50,939