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Company Registration No. 10233637 (England and Wales)
AipiData Ltd Filleted accounts for the year ended 31 May 2022
AipiData Ltd Filleted accounts Contents
Page
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AipiData Ltd Company Information for the year ended 31 May 2022
Director
Blossom Fletcher
Company Number
10233637 (England and Wales)
Registered Office
95 Quarrymans View Worsley Manchester M28 0LB
Accountants
YP Finance Hawthorne House 17A Hawthorne Drive Leicester Leicestershire LE5 6DL
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AipiData Ltd Statement of financial position as at 31 May 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Intangible assets
62,000 
- 
Current assets
Debtors
9,821 
- 
Cash at bank and in hand
160 
9 
9,981 
9 
Creditors: amounts falling due within one year
(22,637)
(23,277)
Net current liabilities
(12,656)
(23,268)
Total assets less current liabilities
49,344 
(23,268)
Creditors: amounts falling due after more than one year
(49,065)
- 
Net assets/(liabilities)
279 
(23,268)
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
(721)
(24,268)
Shareholders' funds
279 
(23,268)
For the year ending 31 May 2022 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 director acknowledges her 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 and authorised for issue on 5 August 2022 and were signed on its behalf by
Blossom Fletcher Director Company Registration No. 10233637
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AipiData Ltd Notes to the Accounts for the year ended 31 May 2022
1
Statutory information
AipiData Ltd is a private company, limited by shares, registered in England and Wales, registration number 10233637. The registered office is 95 Quarrymans View, Worsley, Manchester, M28 0LB.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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% straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred taxation
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 accounts. 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 current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
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AipiData Ltd Notes to the Accounts for the year ended 31 May 2022
4
Intangible fixed assets
Other 
£ 
Cost
At 1 June 2021
- 
Additions
62,000 
At 31 May 2022
62,000 
Amortisation
At 1 June 2021
- 
At 31 May 2022
- 
Net book value
At 31 May 2022
62,000 
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 June 2021
3,024 
At 31 May 2022
3,024 
Depreciation
At 1 June 2021
3,024 
At 31 May 2022
3,024 
Net book value
At 31 May 2022
- 
6
Debtors: amounts falling due within one year
2022 
2021 
£ 
£ 
Other debtors
9,821 
- 
7
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
VAT
3,300 
- 
Trade creditors
4,353 
- 
Taxes and social security
13,888 
8,970 
Other creditors
- 
12,691 
Accruals
1,096 
1,616 
22,637 
23,277 
8
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
49,065 
- 
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AipiData Ltd Notes to the Accounts for the year ended 31 May 2022
9
Share capital
2022 
2021 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000 
1,000 
10
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Blossom Fletcher
Directors Loan
- 
9,821 
- 
9,821 
- 
9,821 
- 
9,821 
11
Average number of employees
During the year the average number of employees was 3 (2021: 6).
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