Company registration number 07678871 (England and Wales)
AI PARTNERS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
AI PARTNERS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
AI PARTNERS LIMITED (REGISTERED NUMBER: 07678871)
BALANCE SHEET
AS AT 30 JUNE 2024
30 June 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,866
1,720
Current assets
Debtors
4
7
7,871
Cash at bank and in hand
80
1,220
87
9,091
Creditors: amounts falling due within one year
5
(15,168)
(11,463)
Net current liabilities
(15,081)
(2,372)
Total assets less current liabilities
(13,215)
(652)
Creditors: amounts falling due after more than one year
6
(10,536)
(12,715)
Net liabilities
(23,751)
(13,367)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(23,851)
(13,467)
Total equity
(23,751)
(13,367)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

AI PARTNERS LIMITED (REGISTERED NUMBER: 07678871)
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024
30 June 2024
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 25 March 2025
Y Percale
Director
AI PARTNERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 3 -
1
Accounting policies
Company information

AI Partners Limited is a private company limited by shares incorporated in England and Wales. The registered office is 10 Upper Grosvenor Road, Tunbridge Wells, England, TN1 2EP.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The company ceased to trade on 30 June 2024 and the director is aware that the company currently has insufficient funds to meet its remaining financial commitments.

1.3
Turnover

Turnover represents amounts receivable for leadership and coaching workshop services, excluding VAT. Turnover is recognised once the service has been provided to the customer.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
25% reducing balance
Computer equipment
33% on cost
1.5
Government grants

Government grants are recognised at the fair value of the asset received or receivable.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
AI PARTNERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 4 -
3
Tangible fixed assets
Fixtures, fittings & equipment
Computer equipment
Total
£
£
£
Cost
At 1 July 2023
1,437
9,027
10,464
Additions
-
0
1,336
1,336
At 30 June 2024
1,437
10,363
11,800
Depreciation and impairment
At 1 July 2023
484
8,260
8,744
Depreciation charged in the year
238
952
1,190
At 30 June 2024
722
9,212
9,934
Carrying amount
At 30 June 2024
715
1,151
1,866
At 30 June 2023
953
767
1,720
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
-
0
660
Other debtors
7
7,211
7
7,871
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
4,256
2,779
Trade creditors
-
0
324
Taxation and social security
-
0
534
Other creditors
10,912
7,826
15,168
11,463
AI PARTNERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 5 -
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
10,536
12,715
7
Financial commitments, guarantees and contingent liabilities

During the year ended 30 June 2020, the company borrowed £21,250 as a Bounce Back Loan. As part of its loan scheme the UK government has guaranteed the advance and will pay the interest and fees due for the first 12 months. At the balance sheet date the balance outstanding on this loan was £14,792 (2023: £15,494).

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