2023-03-012024-02-292024-02-29false13892072AI TEA 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AI TEA LTD

Registered Number
13892072
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

AI TEA LTD
Company Information
for the year from 1 March 2023 to 29 February 2024

Director

Thi Bach Tuyet Le

Registered Address

Six Ways Business Centre
1 Guildford Street
Birmingham
B19 2HN

Place of Business


Registered Number

13892072 (England and Wales)
AI TEA LTD
Balance Sheet as at
29 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets34,1525,190
4,1525,190
Current assets
Stocks2,2518,521
Debtors416,95619,441
Cash at bank and on hand19,12614,443
38,33342,405
Creditors amounts falling due within one year5(43,915)(60,355)
Net current assets (liabilities)(5,582)(17,950)
Total assets less current liabilities(1,430)(12,760)
Net assets(1,430)(12,760)
Capital and reserves
Called up share capital100100
Profit and loss account(1,530)(12,860)
Shareholders' funds(1,430)(12,760)
The financial statements were approved and authorised for issue by the Board of Directors on 16 October 2024, and are signed on its behalf by:
Thi Bach Tuyet Le
Director
Registered Company No. 13892072
AI TEA LTD
Notes to the Financial Statements
for the year ended 29 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery20
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year44
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 March 236,488
At 29 February 246,488
Depreciation and impairment
At 01 March 231,298
Charge for year1,038
At 29 February 242,336
Net book value
At 29 February 244,152
At 28 February 235,190
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables3983,558
Other debtors15,01014,184
Prepayments and accrued income1,5481,699
Total16,95619,441
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables44912,568
Taxation and social security-578
Other creditors43,03446,806
Accrued liabilities and deferred income432403
Total43,91560,355