AiHit Limited 06289636 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is that of data processing and hosting activities. Digita Accounts Production Advanced 6.30.9574.0 true true true 06289636 2023-01-01 2023-12-31 06289636 2023-12-31 06289636 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-12-31 06289636 core:CurrentFinancialInstruments 2023-12-31 06289636 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 06289636 core:OfficeEquipment 2023-12-31 06289636 bus:SmallEntities 2023-01-01 2023-12-31 06289636 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 06289636 bus:FullAccounts 2023-01-01 2023-12-31 06289636 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 06289636 bus:RegisteredOffice 2023-01-01 2023-12-31 06289636 bus:Director2 2023-01-01 2023-12-31 06289636 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-01-01 2023-12-31 06289636 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06289636 core:OfficeEquipment 2023-01-01 2023-12-31 06289636 1 2023-01-01 2023-12-31 06289636 countries:EnglandWales 2023-01-01 2023-12-31 06289636 2022-12-31 06289636 core:OfficeEquipment 2022-12-31 06289636 2022-01-01 2022-12-31 06289636 2022-12-31 06289636 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2022-12-31 06289636 core:CurrentFinancialInstruments 2022-12-31 06289636 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 06289636 core:OfficeEquipment 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 06289636

AiHit Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

AiHit Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

AiHit Limited

Company Information

Director

Adrian Andrews

Registered office

Alexandra House
St Johns Street
Salisbury
Wiltshire
SP1 2SB

Accountants

Tim Stevens Limited
Midshires House
Smeaton Close
Aylesbury
Buckinghamshire
HP19 8HL

 

AiHit Limited

(Registration number: 06289636)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

-

1,157

Current assets

 

Debtors

5

78,109

80,412

Cash at bank and in hand

 

113,323

46,757

 

191,432

127,169

Creditors: Amounts falling due within one year

6

(4,804)

(4,353)

Net current assets

 

186,628

122,816

Net assets

 

186,628

123,973

Capital and reserves

 

Called up share capital

7

1,363

1,363

Share premium reserve

4,550,368

4,550,368

Retained earnings

(4,365,103)

(4,427,758)

Shareholders' funds

 

186,628

123,973

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 8 August 2024
 

.........................................
Adrian Andrews
Director

 

AiHit Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Alexandra House
St Johns Street
Salisbury
Wiltshire
SP1 2SB

These financial statements were authorised for issue by the director on 8 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

AiHit Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

33.33% Straight-line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2022 - 2).

 

AiHit Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 January 2023

304,225

304,225

At 31 December 2023

304,225

304,225

Depreciation

At 1 January 2023

303,068

303,068

Charge for the year

1,157

1,157

At 31 December 2023

304,225

304,225

Carrying amount

At 31 December 2023

-

-

At 31 December 2022

1,157

1,157

5

Debtors

Current

Note

2023
£

2022
£

Trade debtors

 

12,085

18,266

Amounts owed by Parent Company

65,557

61,422

Prepayments

 

467

400

Other debtors

 

-

324

   

78,109

80,412

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

45

53

Taxation and social security

2,562

3,030

Accruals and deferred income

1,212

650

Other creditors

985

620

4,804

4,353

 

AiHit Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £0.001 each

1,362,459

1,362

1,362,459

1,362

         

8

Parent and ultimate parent undertaking

The company's immediate parent is Zoral Limited, incorporated in England & Wales.