Company registration number 14214504 (England and Wales)
IDRAK AI LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023
IDRAK AI LTD
ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF IDRAK AI LTD FOR THE PERIOD ENDED 31 JULY 2023
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Idrak AI Ltd for the period ended 31 July 2023, which comprise the statement of financial position, 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 (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.
This report is made solely to the board of directors of Idrak AI Ltd, as a body, in accordance with the terms of our engagement letter 20 January 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Idrak AI Ltd and state those matters that we have agreed to state to the board of directors of Idrak AI Ltd, 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 Idrak AI Ltd and its board of directors as a body, for our work or for this report.
It is your duty to ensure that Idrak AI Ltd has kept adequate accounting records and to prepare statutory financial statements that comply with the requirements of the Companies Act 2006. You consider that Idrak AI Ltd is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the financial statements of Idrak AI Ltd. 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 financial statements.
HSKSG
4 April 2024
Chartered Accountants
18 St Christopher's Way
Pride Park
Derby
DE24 8JY
IDRAK AI LTD
STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2023
31 July 2023
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2023
£
£
Fixed assets
2,603
Current assets
23,392
Creditors: amounts falling due within one year
(14,348)
Net current assets
9,044
Total assets less current liabilities
11,647
Net assets
11,647
Capital and reserves
11,647
Notes to the financial statements
1
Director's benefits: advances, credit and guarantees
During the period the director held a loan account with the company. At the year end there was a balance
due to the company of £9,221. The maximum amount outstanding due to the company during the period was £9,949.
Interest has been charged on overdrawn amounts at the HM Revenue & Customs official rates.
2
Employees
The average number of persons, including directors, employed by the company during the period was as follows:
2023
Number
Employees
2
Idrak AI Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.
For the period ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
IDRAK AI LTD
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 2023
31 July 2023
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The director of the company has elected not to include a copy of the income statement within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 4 April 2024
..............................................
Dr S U K Bukhari
Director
Company registration number 14214504 (England and Wales)