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Company Registration No. 14074700 (England and Wales)
AI STYLELAB LTD Unaudited accounts for the year ended 30 April 2024
AI STYLELAB LTD Unaudited accounts Contents
Page
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AI STYLELAB LTD Company Information for the year ended 30 April 2024
Directors
VOLKOVA, Elena KALTASHEV, Evgeny
Company Number
14074700 (England and Wales)
Registered Office
61 BRIDGE STREET KINGTON HR5 3DJ UNITED KINGDOM
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AI STYLELAB LTD Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
935,056 
380,424 
Cash at bank and in hand
812 
5,338 
935,868 
385,762 
Creditors: amounts falling due within one year
(16,323)
(447,704)
Net current assets/(liabilities)
919,545 
(61,942)
Total assets less current liabilities
919,545 
(61,942)
Creditors: amounts falling due after more than one year
(1,019,029)
- 
Net liabilities
(99,484)
(61,942)
Capital and reserves
Called up share capital
57,463 
1,000 
Profit and loss account
(156,947)
(62,942)
Shareholders' funds
(99,484)
(61,942)
For the year ending 30 April 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 directors acknowledge their 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 of Directors and authorised for issue on 25 November 2024 and were signed on its behalf by
VOLKOVA, Elena Director Company Registration No. 14074700
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AI STYLELAB LTD Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
AI STYLELAB LTD is a private company, limited by shares, registered in England and Wales, registration number 14074700. The registered office is 61 BRIDGE STREET, KINGTON, HR5 3DJ, UNITED KINGDOM.
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.
Foreign exchange
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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
- 
624 
Other debtors
935,056 
379,800 
935,056 
380,424 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
5,764 
440 
Other creditors
6,719 
441,739 
Loans from directors
- 
2,045 
Accruals
3,840 
3,480 
16,323 
447,704 
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AI STYLELAB LTD Notes to the Accounts for the year ended 30 April 2024
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
1,019,029 
- 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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