Company Registration No. 13766841 (England and Wales)
AIDASH UK LTD
Unaudited accounts
for the year ended 31 December 2023
AIDASH UK LTD
Unaudited accounts
Contents
AIDASH UK LTD
Company Information
for the year ended 31 December 2023
Director
Mr Shashin Mishra
Company Number
13766841 (England and Wales)
Registered Office
2.05, 12-18 HOXTON STREET
LONDON
N1 6NG
ENGLAND
Accountants
The Accountancy Cloud
1 Fore Street Avenue
London
EC2Y 9DT
AIDASH UK LTD
Statement of financial position
as at 31 December 2023
Tangible assets
11,019
14,026
Cash at bank and in hand
170,544
42,069
Creditors: amounts falling due within one year
(191,415)
(64,253)
Net current assets
100,294
25,404
Total assets less current liabilities
111,313
39,430
Provisions for liabilities
Called up share capital
1
1
Profit and loss account
108,831
39,429
Shareholders' funds
108,832
39,430
For the year ending 31 December 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 31 March 2024 and were signed on its behalf by
Mr Shashin Mishra
Director
Company Registration No. 13766841
AIDASH UK LTD
Notes to the Accounts
for the year ended 31 December 2023
AIDASH UK LTD is a private company, limited by shares, registered in England and Wales, registration number 13766841. The registered office is 2.05, 12-18 HOXTON STREET, LONDON, N1 6NG, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
The accompanying financial statements have been prepared assuming the Company will continue as a going concern.
AIDASH UK LTD
Notes to the Accounts
for the year ended 31 December 2023
4
Tangible fixed assets
Computer equipment
At 31 December 2023
18,599
At 31 December 2023
11,019
At 31 December 2022
14,026
Amounts falling due within one year
Amounts due from group undertakings etc.
32,345
-
Accrued income and prepayments
32,205
11,322
Amounts falling due after more than one year
Other debtors
23,480
22,004
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
72,040
627
Amounts owed to group undertakings and other participating interests
-
23,541
Taxes and social security
21,214
5,091
Other creditors
13,714
34,994
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Transactions with related parties
During the year ended 2023, the company received £1,644,715 (2022: £786,520) in management recharges from AI Dash Inc.
AIDASH UK LTD
Notes to the Accounts
for the year ended 31 December 2023
Aidash Inc is the parent company, 16192 Coastal Highway, City Of Lewes, Delaware, County Of Sussex, United States, 19958.
Aidash UK Ltd is wholly owned by Aidash Inc - 100 Shares for £0.01 each.
10
Average number of employees
During the year the average number of employees was 8 (2022: 5).