1 September 2022 false Taxfiler 2023.9 12159451business:PrivateLimitedCompanyLtd2022-09-012023-08-31 121594512022-08-31 121594512022-09-012023-08-31 12159451business:AuditExemptWithAccountantsReport2022-09-012023-08-31 12159451business:FilletedAccounts2022-09-012023-08-31 121594512023-08-31 12159451business:Director12022-09-012023-08-31 12159451business:RegisteredOffice2022-09-012023-08-31 121594512022-08-31 12159451core:WithinOneYear2023-08-31 12159451core:WithinOneYear2022-08-31 12159451core:ShareCapitalcore:PreviouslyStatedAmount2023-08-31 12159451core:ShareCapitalcore:PreviouslyStatedAmount2022-08-31 12159451core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 12159451core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-08-31 12159451core:PreviouslyStatedAmount2023-08-31 12159451core:PreviouslyStatedAmount2022-08-31 12159451business:SmallEntities2022-09-012023-08-31 12159451countries:EnglandWales2022-09-012023-08-31 12159451core:PlantMachinery2022-09-012023-08-31 12159451core:PlantMachinery2022-08-31 12159451core:PlantMachinery2023-08-31 12159451business:OrdinaryShareClass12022-09-012023-08-31 12159451business:OrdinaryShareClass12021-09-012022-08-31 121594512021-09-012022-08-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 12159451 (England and Wales)
Finaai Solutions Limited Unaudited accounts for the year ended 31 August 2023
Finaai Solutions Limited Unaudited accounts Contents
Page
- 2 -
Finaai Solutions Limited Company Information for the year ended 31 August 2023
Director
Aijaz Mohammed Khazi
Company Number
12159451 (England and Wales)
Registered Office
1019d Romford Road London E12 5LH England
Accountants
Saim & Co Accountants & Tax Consultants 23 Mowbrey Gardens Loughton Essex IG10 2EU
- 3 -
Finaai Solutions Limited Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
587 
1,173 
Current assets
Debtors
16,100 
- 
Cash at bank and in hand
43,486 
80,091 
59,586 
80,091 
Creditors: amounts falling due within one year
(10,842)
(31,047)
Net current assets
48,744 
49,044 
Net assets
49,331 
50,217 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
49,231 
50,117 
Shareholders' funds
49,331 
50,217 
For the year ending 31 August 2023 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 his 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 19 September 2023 and were signed on its behalf by
Aijaz Mohammed Khazi Director Company Registration No. 12159451
- 4 -
Finaai Solutions Limited Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
Finaai Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 12159451. The registered office is 1019d Romford Road, London, E12 5LH, England.
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.
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:
Plant & machinery
25% on cost.
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 September 2022
2,345 
At 31 August 2023
2,345 
Depreciation
At 1 September 2022
1,172 
Charge for the year
586 
At 31 August 2023
1,758 
Net book value
At 31 August 2023
587 
At 31 August 2022
1,173 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
16,100 
- 
- 5 -
Finaai Solutions Limited Notes to the Accounts for the year ended 31 August 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
9,551 
19,805 
Taxes and social security
399 
8,071 
Loans from directors
844 
2,881 
Accruals
48 
290 
10,842 
31,047 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Loans to directors
At 31 August 2023 the company owed £844.50 to directors, A.M. Khazi as a result of loans made to the company. The loans are unsecured and interest free. The director control the company as a result of controlling directly 100% of the issued share capital.
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
- 6 -