1 January 2023 false Taxfiler 2024.5 true 12373906business:PrivateLimitedCompanyLtd2023-01-012023-12-31 123739062022-12-31 123739062023-01-012023-12-31 12373906business:AuditExemptWithAccountantsReport2023-01-012023-12-31 12373906business:FilletedAccounts2023-01-012023-12-31 123739062023-12-31 12373906business:Director12023-01-012023-12-31 12373906business:RegisteredOffice2023-01-012023-12-31 123739062022-12-31 12373906core:WithinOneYear2023-12-31 12373906core:WithinOneYear2022-12-31 12373906core:AfterOneYear2023-12-31 12373906core:AfterOneYear2022-12-31 12373906core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 12373906core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 12373906core:SharePremiumcore:PreviouslyStatedAmount2023-12-31 12373906core:SharePremiumcore:PreviouslyStatedAmount2022-12-31 12373906core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 12373906core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 12373906core:PreviouslyStatedAmount2023-12-31 12373906core:PreviouslyStatedAmount2022-12-31 12373906business:SmallEntities2023-01-012023-12-31 12373906countries:EnglandWales2023-01-012023-12-31 12373906core:ComputerEquipment2023-01-012023-12-31 12373906core:IntangibleAssetsOtherThanGoodwill2022-12-31 12373906core:IntangibleAssetsOtherThanGoodwill2023-12-31 12373906core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-31 12373906core:ComputerEquipment2022-12-31 12373906core:ComputerEquipment2023-12-31 12373906business:OrdinaryShareClass12023-01-012023-12-31 12373906business:OrdinaryShareClass12022-01-012022-12-31 12373906business:Director112023-01-012023-12-31 12373906business:Director112022-12-31 12373906business:Director112023-12-31 123739062022-01-012022-12-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 12373906 (England and Wales)
Aios Technology Ltd Unaudited accounts for the year ended 31 December 2023
Aios Technology Ltd Unaudited accounts Contents
Page
- 2 -
Aios Technology Ltd Company Information for the year ended 31 December 2023
Director
Richard Cartwright
Company Number
12373906 (England and Wales)
Registered Office
8 Holgate Clifton Village Nottingham NG11 8NH
Accountants
Barnes & Scott 86-90 Paul Street Shoreditch London EC2A 4NE
- 3 -
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Aios Technology Ltd for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Aios Technology Ltd for the year ended 31 December 2023 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Aios Technology Ltd, as a body, in accordance with the terms of our engagement letter dated 29 May 2020. Our work has been undertaken solely to prepare for your approval the accounts of Aios Technology Ltd and state those matters that we have agreed to state to the Board of Directors of Aios Technology Ltd, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Aios Technology Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Aios Technology Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Aios Technology Ltd. You consider that Aios Technology Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Aios Technology Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Barnes & Scott Chartered Accountants 86-90 Paul Street Shoreditch London EC2A 4NE 25 September 2024
- 4 -
Aios Technology Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
- 
3,750 
Tangible assets
3,699 
5,890 
3,699 
9,640 
Current assets
Debtors
18,594 
11,891 
Cash at bank and in hand
45,056 
137,473 
63,650 
149,364 
Creditors: amounts falling due within one year
(1,876)
(2,296)
Net current assets
61,774 
147,068 
Total assets less current liabilities
65,473 
156,708 
Creditors: amounts falling due after more than one year
(430,446)
(389,683)
Net liabilities
(364,973)
(232,975)
Capital and reserves
Called up share capital
2 
2 
Share premium
186,090 
186,090 
Profit and loss account
(551,065)
(419,067)
Shareholders' funds
(364,973)
(232,975)
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 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 25 September 2024 and were signed on its behalf by
Richard Cartwright Director Company Registration No. 12373906
- 5 -
Aios Technology Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Aios Technology Ltd is a private company, limited by shares, registered in England and Wales, registration number 12373906. The registered office is 8 Holgate, Clifton Village , Nottingham , NG11 8NH.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Going concern
The accounts have been prepared on the going concern on the basis that the parent company will continue to support the company financially.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. They are amortised over 4 years.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% straight line
Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.
- 6 -
Aios Technology Ltd Notes to the Accounts for the year ended 31 December 2023
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2023
15,000 
At 31 December 2023
15,000 
Amortisation
At 1 January 2023
11,250 
Charge for the year
3,750 
At 31 December 2023
15,000 
Net book value
At 31 December 2023
- 
At 31 December 2022
3,750 
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2023
8,765 
At 31 December 2023
8,765 
Depreciation
At 1 January 2023
2,875 
Charge for the year
2,191 
At 31 December 2023
5,066 
Net book value
At 31 December 2023
3,699 
At 31 December 2022
5,890 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
2,757 
2,757 
Other debtors
15,837 
9,134 
18,594 
11,891 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Other creditors
276 
528 
Loans from directors
- 
168 
Accruals
1,600 
1,600 
1,876 
2,296 
- 7 -
Aios Technology Ltd Notes to the Accounts for the year ended 31 December 2023
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Amounts owed to group undertakings and other participating interests
428,755 
389,683 
Taxes and social security
1,691 
- 
430,446 
389,683 
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
10
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Loan from director
(168)
6,422 
1,243 
5,011 
(168)
6,422 
1,243 
5,011 
11
Controlling party
The ultimate controlling party is Aios Inc, a company registered in USA.
12
Average number of employees
During the year the average number of employees was 3 (2022: 3).
- 8 -