The company did not generate any revenue during the financial year ended 31 October 2024, as its primary focus was on developing an AI-based system
The company is in advanced discussions to secure a substantial fee-generating contract with an Australian-based company, which is expected to provide significant revenue in the near future. Furthermore, the shareholders have confirmed their commitment to providing financial support to ensure the company meets its obligations as they fall due.
Based on these factors, the directors consider it appropriate to prepare the financial statements on a going concern basis.