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REGISTERED NUMBER: 03219232 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Ai Training Services Ltd

Ai Training Services Ltd (Registered number: 03219232)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Ai Training Services Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTORS: J G J Neades
R M Ward





SECRETARY: J G J Neades





REGISTERED OFFICE: Unit A5
Lakeside Business Park
South Cerney
Cirencester
Gloucestershire
GL7 5XL





REGISTERED NUMBER: 03219232 (England and Wales)

Ai Training Services Ltd (Registered number: 03219232)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 383,338 424,867

CURRENT ASSETS
Debtors 5 281,043 140,860
Cash at bank and in hand 309,492 545,905
590,535 686,765
CREDITORS
Amounts falling due within one year 6 114,813 226,327
NET CURRENT ASSETS 475,722 460,438
TOTAL ASSETS LESS CURRENT
LIABILITIES

859,060

885,305

CREDITORS
Amounts falling due after more than one
year

7

(89,755

)

(125,661

)

PROVISIONS FOR LIABILITIES (28,647 ) (36,977 )
NET ASSETS 740,658 722,667

CAPITAL AND RESERVES
Called up share capital 600 600
Share premium 29,785 29,785
Retained earnings 710,273 692,282
SHAREHOLDERS' FUNDS 740,658 722,667

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 December 2024 and were signed on its behalf by:





R M Ward - Director


Ai Training Services Ltd (Registered number: 03219232)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Ai Training Services Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings Leasehold2% per annum straight line
Plant and equipment25% per annum on written down balance
Office equipment25% and 33% per annum on written down balance
Motor vehicles25% per annum on written down balance
Improvements to property20% per annum straight line

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Ai Training Services Ltd (Registered number: 03219232)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Short to Plant and
leasehold property machinery
£    £    £   
COST
At 1 September 2023 391,338 36,646 132,006
Additions - - -
At 31 August 2024 391,338 36,646 132,006
DEPRECIATION
At 1 September 2023 117,404 18,157 59,161
Charge for year 7,826 3,697 18,211
At 31 August 2024 125,230 21,854 77,372
NET BOOK VALUE
At 31 August 2024 266,108 14,792 54,634
At 31 August 2023 273,934 18,489 72,845

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 September 2023 279,703 29,116 868,809
Additions 4,139 - 4,139
At 31 August 2024 283,842 29,116 872,948
DEPRECIATION
At 1 September 2023 228,011 21,209 443,942
Charge for year 13,958 1,976 45,668
At 31 August 2024 241,969 23,185 489,610
NET BOOK VALUE
At 31 August 2024 41,873 5,931 383,338
At 31 August 2023 51,692 7,907 424,867

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 233,662 100,667
Other debtors 10,500 10,500
VAT 14,012 9,014
Prepayments and accrued income 22,869 20,679
281,043 140,860

Ai Training Services Ltd (Registered number: 03219232)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 12,113 12,113
Hire purchase contracts 24,725 24,571
Trade creditors 14,933 142,576
Tax 16,452 24,554
Social security and other taxes 15,482 16,195
Other creditors 4,717 2,318
Accrued expenses 26,391 4,000
114,813 226,327

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years 89,755 100,956
Hire purchase contracts - 24,705
89,755 125,661