Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.12022-04-01No description of principal activity0falsetrue 12965507 2022-03-31 12965507 2022-04-01 2023-03-31 12965507 2021-04-01 2022-03-31 12965507 2023-03-31 12965507 c:Director1 2022-04-01 2023-03-31 12965507 d:CurrentFinancialInstruments 2023-03-31 12965507 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 12965507 d:ShareCapital 2023-03-31 12965507 d:RetainedEarningsAccumulatedLosses 2023-03-31 12965507 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-03-31 12965507 c:FRS102 2022-04-01 2023-03-31 12965507 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 12965507 c:FullAccounts 2022-04-01 2023-03-31 12965507 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 12965507









AUGMENTED INTELLIGENCE LABS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
AUGMENTED INTELLIGENCE LABS LIMITED
REGISTERED NUMBER: 12965507

BALANCE SHEET
AS AT 31 MARCH 2023

2023
Note
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
35,647

Cash at bank and in hand
 5 
76,013

  
111,660

Creditors: amounts falling due within one year
 6 
(114,289)

Net current (liabilities)/assets
  
 
 
(2,629)

Total assets less current liabilities
  
(2,629)

  

Net (liabilities)/assets
  
(2,629)


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
(2,729)

  
(2,629)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 January 2024.




F Thomaz
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
AUGMENTED INTELLIGENCE LABS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Augmented Intelligence Labs Limited, company registration number; 367375560, a private limited company limited by share capital, incorporated in England.
Regsitered office address; 3a Market Place, Woodstock, Oxfordshire, OX20 1SY.
.
The principal activity of the company is that of other information technology services.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 2

 
AUGMENTED INTELLIGENCE LABS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.3

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 1.


4.


Debtors

2023
£


Trade debtors
35,250

Other debtors
397

35,647


Page 3

 
AUGMENTED INTELLIGENCE LABS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Cash and cash equivalents

2023
£

Cash at bank and in hand
76,013

76,013



6.


Creditors: Amounts falling due within one year

2023
£

Trade creditors
72,020

Other taxation and social security
2,205

Other creditors
4,140

Accruals and deferred income
35,924

114,289



7.


Financial instruments

2023
£

Financial assets


Financial assets measured at fair value through profit or loss
76,013




Financial assets measured at fair value through profit or loss comprise; Cash at bank and in hand.

 
Page 4