AI APPLICATION TECHNOLOGIES LTD

Company Registration Number:
13443388 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2023

Period of accounts

Start date: 01 July 2022

End date: 30 June 2023

AI APPLICATION TECHNOLOGIES LTD

Contents of the Financial Statements

for the Period Ended 30 June 2023

Balance sheet
Notes

AI APPLICATION TECHNOLOGIES LTD

Balance sheet

As at 30 June 2023


Notes

2023

13 months to 30 June 2022


£

£
Called up share capital not paid: 20,500 20,500
Fixed assets
Intangible assets: 3 3,540,000 4,876,500
Tangible assets: 4 2,284,010 2,541,205
Investments: 5 2,259,100 3,895,000
Total fixed assets: 8,083,110 11,312,705
Current assets
Stocks: 3,851,401 4,985,250
Debtors:   55,420 45,800
Cash at bank and in hand: 185,423 150,920
Investments:   1,361,783 2,896,500
Total current assets: 5,454,027 8,078,470
Creditors: amounts falling due within one year:   (75,850) (65,620)
Net current assets (liabilities): 5,378,177 8,012,850
Total assets less current liabilities: 13,481,787 19,346,055
Creditors: amounts falling due after more than one year:   (101,020) (98,210)
Provision for liabilities: (458,200) (289,504)
Total net assets (liabilities): 12,922,567 18,958,341
Capital and reserves
Called up share capital: 100,000 100,000
Share premium account: 1,677,766 2,894,900
Revaluation reserve:62,564,2005,680,643
Other reserves: 8,579,151 10,316,048
Profit and loss account: 1,450 (33,250)
Shareholders funds: 12,922,567 18,958,341

The notes form part of these financial statements

AI APPLICATION TECHNOLOGIES LTD

Balance sheet statements

For the year ending 30 June 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 23 April 2024
and signed on behalf of the board by:

Name: lukanga dominic
Status: Director

The notes form part of these financial statements

AI APPLICATION TECHNOLOGIES LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

AI APPLICATION TECHNOLOGIES LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

2. Employees

2023 13 months to 30 June 2022
Average number of employees during the period 4 5

AI APPLICATION TECHNOLOGIES LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

3. Intangible Assets

Total
Cost £
At 01 July 2022 4,876,500
Disposals (1,336,500)
At 30 June 2023 3,540,000
Amortisation
At 01 July 2022 0
At 30 June 2023 0
Net book value
At 30 June 2023 3,540,000
At 30 June 2022 4,876,500

AI APPLICATION TECHNOLOGIES LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

4. Tangible Assets

Total
Cost £
At 01 July 2022 2,541,205
Disposals (257,195)
At 30 June 2023 2,284,010
Depreciation
At 01 July 2022 0
At 30 June 2023 0
Net book value
At 30 June 2023 2,284,010
At 30 June 2022 2,541,205

AI APPLICATION TECHNOLOGIES LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

5. Fixed investments

Our asset have accumulated and a big percentage is in hardware

AI APPLICATION TECHNOLOGIES LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

6. Revaluation reserve

2023
£
Balance at 01 July 2022 5,680,643
Surplus or deficit after revaluation (3,116,443)
Balance at 30 June 2023 2,564,200