2023-01-01 2023-12-31 false No description of principal activity Debitam - Tax and Accounts 1.0 12563172 bus:FullAccounts 2023-01-01 2023-12-31 12563172 bus:Micro-entities 2023-01-01 2023-12-31 12563172 bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12563172 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 12563172 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12563172 2023-01-01 2023-12-31 12563172 2023-12-31 12563172 bus:RegisteredOffice 2023-01-01 2023-12-31 12563172 core:WithinOneYear 2023-12-31 12563172 core:AfterOneYear 2023-12-31 12563172 2022-01-01 12563172 bus:Director1 2023-01-01 2023-12-31 12563172 bus:Director1 2023-12-31 12563172 bus:Director1 2022-01-01 2022-12-31 12563172 bus:CompanySecretary1 2023-01-01 2023-12-31 12563172 bus:LeadAgentIfApplicable 2023-01-01 2023-12-31 12563172 2022-01-01 2022-12-31 12563172 2022-12-31 12563172 core:WithinOneYear 2022-12-31 12563172 core:AfterOneYear 2022-12-31 12563172 bus:EntityAccountantsOrAuditors 2022-01-01 2022-12-31 12563172 core:OtherResidualIntangibleAssets 2023-01-01 2023-12-31 12563172 core:OtherResidualIntangibleAssets 2023-12-31 12563172 core:OtherResidualIntangibleAssets 2022-12-31 12563172 core:CostValuation core:Non-currentFinancialInstruments 2023-12-31 12563172 core:CostValuation core:Non-currentFinancialInstruments 2022-12-31 12563172 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-12-31 12563172 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2023-12-31 12563172 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2023-12-31 12563172 core:Non-currentFinancialInstruments 2023-12-31 12563172 core:Non-currentFinancialInstruments 2022-12-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 12563172
England and Wales

 

 

 


Report of the Director and Unaudited Financial Statements

for the year ended 31 December 2023

for

AI ABACUS LTD

 
 
 
£
2023
£
   
£
2022
£
Fixed assets 510,141  510,141 
Current assets 8,395  8,760 
Creditors: amount falling due within one year (538,074) (540,283)
Net current assets (529,679) (531,523)
Total assets less current liabilities (19,538) (21,382)
Net assets (19,538) (21,382)
 
Capital and reserves (19,538) (21,382)
 
  1. For the year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
  2. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the companies act 2006.
  3. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Signed on behalf of the board of directors:


----------------------------------
Ramanan Wigneswaran Mylvaganam
Director

Date approved: 14 August 2024
1
Statutory Information
AI ABACUS LTD is a private limited company, limited by shares, domiciled in England and Wales, registration number 12563172, registration address Chestnut House The Ridge, Linton, Wetherby, LS22 4HJ, United Kingdom.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 105 Financial Reporting Standard for Micro Entities (effective January 2016).
Going Concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Website cost
Planning and operating costs for the company's website are charged to the profit and loss account as incurred.
2.

Intangible fixed assets

Cost or Valuation Other   Total
  £   £
At 01 January 2023 510,141    510,141 
Additions  
Disposals  
At 31 December 2023 510,141    510,141 
Amortisation
At 01 January 2023  
Charge for year  
On disposals  
At 31 December 2023  
Net book values
At 31 December 2023 510,141    510,141 
At 31 December 2022 510,141    510,141 

3.

Average number of employees

Average number of employees during the year was 0  (2022: 4).
4.

Nature of business

The company is involved in business and domestic software development and SaaS consultancy services.
2