Company Registration No. 12159451 (England and Wales)
Finaai Solutions Limited
Unaudited accounts
for the year ended 31 August 2024
Finaai Solutions Limited
Unaudited accounts
Contents
Finaai Solutions Limited
Company Information
for the year ended 31 August 2024
Director
Aijaz Mohammed Khazi
Company Number
12159451 (England and Wales)
Registered Office
1019d Romford Road
London
E12 5LH
England
Accountants
Saim & Co
23 Mowbrey Gardens
Loughton
Essex
IG10 2EU
Finaai Solutions Limited
Statement of financial position
as at 31 August 2024
Tangible assets
22,628
587
Cash at bank and in hand
14,584
43,486
Creditors: amounts falling due within one year
(9,328)
(10,842)
Net current assets
26,581
48,744
Called up share capital
100
100
Profit and loss account
49,109
49,231
Shareholders' funds
49,209
49,331
For the year ending 31 August 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 15 November 2024 and were signed on its behalf by
Aijaz Mohammed Khazi
Director
Company Registration No. 12159451
Finaai Solutions Limited
Notes to the Accounts
for the year ended 31 August 2024
Finaai Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 12159451. The registered office is 1019d Romford Road, London, E12 5LH, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Plant & machinery
25% on cost.
Motor vehicles
25% on cost.
Computer equipment
33% on cost.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2023
2,345
-
-
2,345
Additions
8,785
19,798
492
29,075
At 31 August 2024
11,130
19,798
492
31,420
At 1 September 2023
1,758
-
-
1,758
Charge for the year
1,949
4,950
135
7,034
At 31 August 2024
3,707
4,950
135
8,792
At 31 August 2024
7,423
14,848
357
22,628
At 31 August 2023
587
-
-
587
Amounts falling due within one year
Accrued income and prepayments
21,325
16,100
Finaai Solutions Limited
Notes to the Accounts
for the year ended 31 August 2024
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
-
399
Loans from directors
1,901
844
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
At 31 August 2024 the company owed £1901.50 to directors, A.M. Khazi as a result of loans made to the company. The loans are unsecured and interest free.
The director control the company as a result of controlling directly 100% of the issued share capital.
9
Average number of employees
During the year the average number of employees was 2 (2023: 1).