BrightAccountsProduction v1.0.0 v1.0.0 2022-11-23 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity is that of domestic software development, information technology consultancy activities and Other information technology service activities. 16 August 2024 1 SC751214 2023-11-30 SC751214 2022-11-22 SC751214 2022-11-23 2023-11-30 SC751214 uk-bus:PrivateLimitedCompanyLtd 2022-11-23 2023-11-30 SC751214 uk-curr:PoundSterling 2022-11-23 2023-11-30 SC751214 uk-bus:SmallCompaniesRegimeForAccounts 2022-11-23 2023-11-30 SC751214 uk-bus:FullAccounts 2022-11-23 2023-11-30 SC751214 uk-bus:Director1 2022-11-23 2023-11-30 SC751214 uk-bus:RegisteredOffice 2022-11-23 2023-11-30 SC751214 uk-bus:Agent1 2022-11-23 2023-11-30 SC751214 uk-core:ShareCapital 2023-11-30 SC751214 uk-core:RetainedEarningsAccumulatedLosses 2023-11-30 SC751214 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-11-30 SC751214 uk-bus:FRS102 2022-11-23 2023-11-30 SC751214 uk-core:FurnitureFittingsToolsEquipment 2022-11-23 2023-11-30 SC751214 uk-core:CurrentFinancialInstruments 2023-11-30 SC751214 uk-core:WithinOneYear 2023-11-30 SC751214 2022-11-23 2023-11-30 SC751214 uk-bus:AuditExempt-NoAccountantsReport 2022-11-23 2023-11-30 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: SC751214
 
 
Ainglean Ltd (Previously AISTREAMING LIMITED)
 
Unaudited Financial Statements
 
for the financial period from 23 November 2022 (date of incorporation) to 30 November 2023
Ainglean Ltd (Previously AISTREAMING LIMITED)
DIRECTOR AND OTHER INFORMATION

 
Director Alan Edwards (Appointed 23 November 2022)
 
 
Company Registration Number SC751214
 
 
Registered Office and Business Address Third Floor, 3 Hill Street
Edinburgh
EH2 3JP
Scotland
 
 
Accountants Quarter
Chartered Accountants
St.Annes House
Cathedral Quarter
15 Church Street
Belfast
Antrim
BT1 1PG
 
 
Bankers Wise Payment Ltd
  6th Floor, Tea Building, 56 Shoreditch High Street
  London
  E1 6JJ



Ainglean Ltd (Previously AISTREAMING LIMITED)
Company Registration Number: SC751214
STATEMENT OF FINANCIAL POSITION
as at 30 November 2023

Nov 23
Notes £
 
Non-Current Assets
Intangible assets 8 65,700
Property, plant and equipment 9 391
─────────
Non-Current Assets 66,091
─────────
 
Current Assets
Receivables 10 21,459
Cash and cash equivalents 4,159
─────────
25,618
─────────
Payables: amounts falling due within one year 11 (91,383)
─────────
Net Current Liabilities (65,765)
─────────
Total Assets less Current Liabilities 326
═════════
 
Equity
Called up share capital 100
Retained earnings 226
─────────
Equity attributable to owners of the company 326
═════════
 
These financial statements have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
       
The company has taken advantage of the exemption under section 444 not to file the Income Statement and Director's Report.
       
For the financial period from 23 November 2022 (date of incorporation) to 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
       
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial period in question in accordance with section 476 of the Companies Act 2006.
       
The director acknowledges their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial period and of its profit and loss for the financial period in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
       
Approved by the Director and authorised for issue on 16 August 2024
       
       
________________________________      
Alan Edwards      
Director      
       



Ainglean Ltd (Previously AISTREAMING LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
for the financial period from 23 November 2022 (date of incorporation) to 30 November 2023

   
1. General Information
 
Ainglean Ltd (Previously AISTREAMING LIMITED) is a company limited by shares incorporated and registered in the Scotland. The registered number of the company is SC751214. The registered office of the company is Third Floor, 3 Hill Street, Edinburgh, EH2 3JP, Scotland which is also the principal place of business of the company. The principal activity is that of domestic software development, information technology consultancy activities and Other information technology service activities. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial period ended 30 November 2023 have been prepared in accordance with the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland (FRS 102) issued by the Financial Reporting Council and in accordance with the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Cash flow statement
The company has availed of the exemption in FRS 102 from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.
 
Revenue
Revenue comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Intangible assets
 
Website
Websites are valued at cost less accumulated amortisation

Amortisation is calculated to write off the cost in equal annual instalments over the estimated useful life of 10 years.
 
Patents
Patents are valued at cost less accumulated amortisation.
 
Amortisation is calculated to write off the cost in equal annual instalments over the estimated useful life of 10 years.
 
Property, plant and equipment and depreciation
 
 
  Fixtures, fittings and equipment - 20% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Trade and other receivables
Trade and other receivables are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other payables
Trade and other payables are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial period and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
   
3. Period of financial statements
 
The financial statements are for the 12 month 8 days period from 23 November 2022 (date of incorporation) to 30 November 2023.
   
4. Going concern
 
As at 30 November 2023, the company has net current liabilities of £65,765, with a significant balance being owed to a related party. The company is reliant on the on going support of the related party and director.
   
5. Statement on previous periods
 
The company did not present financial statements for previous periods.
     
6. Employees
 
The average monthly number of employees, including director, during the financial period was 1, (Nov 22 - 0).
 
  Nov 23
  Number
 
Director 1
  ═════════
     
7. Tax on profit
  Nov 23
  £
(a)     Analysis of charge in the financial period
 
Current tax:
Corporation tax at 19.00% (Note 7 (b)) 8,346
  ═════════
 
(b)     Factors affecting tax charge for the financial period
 
The tax assessed for the financial period differs from the standard rate of corporation tax in the United Kingdom (Nov 23 - 19.00%). The differences are explained below:
  Nov 23
  £
 
Profit taxable at 19.00% 36,072
  ═════════
Profit before tax
multiplied by the standard rate of corporation tax
in the United Kingdom at 19.00% 6,854
Effects of:
Expenses not deductible for tax purposes 180
Depreciation in excess of capital allowances for period 1,312
  ─────────
Total tax charge for the financial period (Note 7 (a)) 8,346
  ═════════
 
       
8. Intangible assets
  Patents  
    Total
  £ £
Cost
At 23 November 2022 - -
Additions 73,000 73,000
  ───────── ─────────
At 30 November 2023 73,000 73,000
  ───────── ─────────
Amortisation
Charge for financial period 7,300 7,300
  ───────── ─────────
At 30 November 2023 7,300 7,300
  ───────── ─────────
Net book value
At 30 November 2023 65,700 65,700
  ═════════ ═════════
       
9. Property, plant and equipment
  Fixtures, Total
  fittings and  
  equipment  
  £ £
Cost
At 23 November 2022 - -
Additions 489 489
  ───────── ─────────
At 30 November 2023 489 489
  ───────── ─────────
Depreciation
At 23 November 2022 - -
Charge for the financial period 98 98
  ───────── ─────────
At 30 November 2023 98 98
  ───────── ─────────
Net book value
At 30 November 2023 391 391
  ═════════ ═════════
     
10. Receivables Nov 23
  £
 
Trade receivables 6,000
Director's current account (Note 15) 15,459
  ─────────
  21,459
  ═════════
     
11. Payables Nov 23
Amounts falling due within one year £
 
Amounts owed to related parties (Note 14) 77,733
Taxation  (Note 12) 12,150
Accruals 1,500
  ─────────
  91,383
  ═════════
     
12. Taxation Nov 23
  £
 
Payables:
VAT 3,804
Corporation tax 8,346
  ─────────
  12,150
  ═════════
     
13. Capital commitments
 
The company had no material capital commitments at the financial period-ended 30 November 2023.
         
14. Related party transactions
 
      Nov 23
      £
 
Finance amounts owed to related parties     77,733
      ═════════
 
Alan Edwards is a director in both Ainglean Ltd and BigDataScience Limited. During the financial year there was a net movement of £77,733. As at 30th November 2023 Ainglean Ltd owes BigDataScience Limited £77,733.
   
15. Director's advances, credits and guarantees
 
During the financial period, the company made a loan to a director amounting to £15,459, this loan is interest free and repayable on demand. This loan has been repaid in full post year within 9 months of the financial year end.
   
16. Events After the End of the Reporting Period
 
There have been no significant events affecting the company since the financial period-end.