Registered number
01854139
A.I.Q. LIMITED
Report and Unaudited Accounts
31 March 2023
A.I.Q. LIMITED
Report and accounts
Contents
Page
Company information 1
Director's report 2
Accountants' report 3
Profit and loss account 4
Balance sheet 5
Statement of changes in equity 6
Notes to the accounts 7-8
A.I.Q. LIMITED
Company Information
Director
C M WITKOWSKI
Accountants
MOYNIHAN & CO
Suite 7 Claremont House
22-24 Claremont Road
Surbiton
Surrey
KT6 4QU
Registered office
Suite 7 Claremont House
22-24 Claremont Road
Surbiton
Surrey
KT6 4QU
Registered number
01854139
A.I.Q. LIMITED
Registered number: 01854139
Director's Report
The director presents his report and accounts for the year ended 31 March 2023.
Principal activities
The company's principal activity during the year continued to be the provision of computer consultancy services. Due to the subdued demand and a lack of suitable projects there were no sales made in the year.
Directors
The following persons served as directors during the year:
C M WITKOWSKI
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 24 November 2023 and signed on its behalf.
C M WITKOWSKI
Director
A.I.Q. LIMITED
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of A.I.Q. LIMITED for the year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of A.I.Q. LIMITED for the year ended 31 March 2023 which comprise of the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
www.icaew.com/en/members/regulations-standards-and-guidance
This report is made solely to the Board of Directors of A.I.Q. LIMITED, as a body, in accordance with the terms of our engagement letter dated 14 November 2019. Our work has been undertaken solely to prepare for your approval the accounts of A.I.Q. LIMITED and state those matters that we have agreed to state to the Board of Directors of A.I.Q. LIMITED, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A.I.Q. LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that A.I.Q. LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of A.I.Q. LIMITED. You consider that A.I.Q. LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of A.I.Q. LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
MOYNIHAN & CO
Chartered Accountants
Suite 7 Claremont House
22-24 Claremont Road
Surbiton
Surrey
KT6 4QU
24 November 2023
A.I.Q. LIMITED
Profit and Loss Account
for the year ended 31 March 2023
2023 2022
£ £
Administrative expenses (311) (296)
Operating loss (311) (296)
Loss before taxation (311) (296)
Tax on loss - -
Loss for the financial year (311) (296)
A.I.Q. LIMITED
Registered number: 01854139
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 46 61
Current assets
Cash at bank and in hand 6,292 6,572
Creditors: amounts falling due within one year 4 (3,579) (3,563)
Net current assets 2,713 3,009
Total assets less current liabilities 2,759 3,070
Creditors: amounts falling due after more than one year 5 (11,000) (11,000)
Net liabilities (8,241) (7,930)
Capital and reserves
Called up share capital 100 100
Profit and loss account (8,341) (8,030)
Shareholder's funds (8,241) (7,930)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.
C M WITKOWSKI
Director
Approved by the board on 24 November 2023
A.I.Q. LIMITED
Statement of Changes in Equity
for the year ended 31 March 2023
Share Profit Total
capital and loss
account
£ £ £
At 1 April 2021 100 (7,734) (7,634)
Loss for the financial year (296) (296)
At 31 March 2022 100 (8,030) (7,930)
At 1 April 2022 100 (8,030) (7,930)
Loss for the financial year (311) (311)
At 31 March 2023 100 (8,341) (8,241)
A.I.Q. LIMITED
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings and equipment 25% reducing balance basis
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Going concern
These accounts have been prepared on the going concern basis which assumes that the company will continue in existence for the foreseeable future. The validity of this assumption depends on the continued financial support of the company's director.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Fixtures, fittings and equipment, etc
£
Cost
At 1 April 2022 5,207
At 31 March 2023 5,207
Depreciation
At 1 April 2022 5,146
Charge for the year 15
At 31 March 2023 5,161
Net book value
At 31 March 2023 46
At 31 March 2022 61
4 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 3,579 3,563
5 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors 11,000 11,000
6 Other information
A.I.Q. LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Suite 7 Claremont House
22-24 Claremont Road
Surbiton
Surrey
KT6 4QU
7 Related party transactions
Included in other creditors is a loan made by the company's sole director to the company of
£14,284. The loan has no fixed date for repayment.
A.I.Q. LIMITED 01854139 false 2022-04-01 2023-03-31 2023-03-31 VT Final Accounts October 2023 01854139 2021-04-01 2022-03-31 01854139 core:WithinOneYear 2022-03-31 01854139 core:AfterOneYear 2022-03-31 01854139 core:ShareCapital 2022-03-31 01854139 core:RetainedEarningsAccumulatedLosses 2022-03-31 01854139 2021-03-31 01854139 core:ShareCapital 2021-03-31 01854139 core:RetainedEarningsAccumulatedLosses 2021-03-31 01854139 2022-04-01 2023-03-31 01854139 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 01854139 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 01854139 bus:Director1 2022-04-01 2023-03-31 01854139 core:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 01854139 2 2022-04-01 2023-03-31 01854139 core:PlantMachinery 2022-04-01 2023-03-31 01854139 countries:England 2022-04-01 2023-03-31 01854139 bus:FRS102 2022-04-01 2023-03-31 01854139 bus:FullAccounts 2022-04-01 2023-03-31 01854139 2023-03-31 01854139 core:WithinOneYear 2023-03-31 01854139 core:AfterOneYear 2023-03-31 01854139 core:ShareCapital 2023-03-31 01854139 core:RetainedEarningsAccumulatedLosses 2023-03-31 01854139 core:PlantMachinery 2023-03-31 01854139 2022-03-31 01854139 core:PlantMachinery 2022-03-31 iso4217:GBP xbrli:pure