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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
Page
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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
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AIDASH UK LTD Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
11,019 
14,026 
Current assets
Debtors
121,165 
47,588 
Cash at bank and in hand
170,544 
42,069 
291,709 
89,657 
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
Deferred tax
(2,481)
- 
Net assets
108,832 
39,430 
Capital and reserves
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
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AIDASH UK LTD Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Computer equipment
25%
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Deferred taxation
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.
Foreign exchange
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.
Pension costs
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.
Going concern
The accompanying financial statements have been prepared assuming the Company will continue as a going concern.
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AIDASH UK LTD Notes to the Accounts for the year ended 31 December 2023
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2023
16,990 
Additions
1,609 
At 31 December 2023
18,599 
Depreciation
At 1 January 2023
2,964 
Charge for the year
4,616 
At 31 December 2023
7,580 
Net book value
At 31 December 2023
11,019 
At 31 December 2022
14,026 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
33,135 
14,262 
Amounts due from group undertakings etc.
32,345 
- 
Accrued income and prepayments
32,205 
11,322 
97,685 
25,584 
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 
Accruals
84,447 
- 
191,415 
64,253 
7
Share capital
2023 
2022 
£ 
£ 
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.
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AIDASH UK LTD Notes to the Accounts for the year ended 31 December 2023
9
Controlling party
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).
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