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Registered number: 07875592
AI Global Advisors Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Clarus Knight Ltd
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07875592
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investments 4 904 904
904 904
CURRENT ASSETS
Debtors 5 10,527 9,273
Cash at bank and in hand 1,077 2,905
11,604 12,178
Creditors: Amounts Falling Due Within One Year 6 (167,324 ) (144,428 )
NET CURRENT ASSETS (LIABILITIES) (155,720 ) (132,250 )
TOTAL ASSETS LESS CURRENT LIABILITIES (154,816 ) (131,346 )
NET LIABILITIES (154,816 ) (131,346 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (154,916 ) (131,446 )
SHAREHOLDERS' FUNDS (154,816) (131,346)
Page 1
Page 2
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 member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Admir Imami
Director
23/09/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
AI Global Advisors Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07875592 . The registered office is 124 City Road, London, England, EC1V 2NX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 33.33% Straight line
2.4. Foreign Currencies
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 rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Investments
Unlisted
£
Cost
As at 1 January 2023 904
As at 31 December 2023 904
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 904
As at 1 January 2023 904
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5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 3,715 3,715
Other debtors 6,245 5,295
VAT 567 263
10,527 9,273
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors - 135
Other creditors 904 904
Accruals and deferred income 726 728
Director's loan account 165,694 142,661
167,324 144,428
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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