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Company Registration No. 08465580 (England and Wales)
Inchant AI Ltd Unaudited accounts for the year ended 31 March 2024
Inchant AI Ltd Unaudited accounts Contents
Page
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Inchant AI Ltd Company Information for the year ended 31 March 2024
Director
Hareth Naji
Company Number
08465580 (England and Wales)
Registered Office
124 City Road London EC1V 2NX
Accountants
Accounts and Returns Ltd 26 Smith St Warwick CV34 4HS
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Inchant AI Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
24 
Current assets
Cash at bank and in hand
2,019 
21 
Creditors: amounts falling due within one year
(34,428)
(31,586)
Net current liabilities
(32,409)
(31,565)
Net liabilities
(32,409)
(31,541)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(32,410)
(31,542)
Shareholders' funds
(32,409)
(31,541)
For the year ending 31 March 2024 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 3 September 2024 and were signed on its behalf by
Hareth Naji Director Company Registration No. 08465580
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Inchant AI Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Inchant AI Ltd is a private company, limited by shares, registered in England and Wales, registration number 08465580. The registered office is 124 City Road, London, EC1V 2NX.
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.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2023
176 
Disposals
(176)
At 31 March 2024
- 
Depreciation
At 1 April 2023
152 
On disposals
(152)
At 31 March 2024
- 
Net book value
At 31 March 2024
- 
At 31 March 2023
24 
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Inchant AI Ltd Notes to the Accounts for the year ended 31 March 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
576 
522 
Loans from directors
33,852 
31,064 
34,428 
31,586 
6
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
7
Transactions with related parties
During the year, the company received a loan amounting to £2789 from a member of key management personnel. The loan is to be repaid on demand and interest-free. At the balance sheet date, the loan pf £33,852 was still outstanding and is presented within creditors: amounts falling due within one year.
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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