REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE PERIOD 1 JULY 2024 TO 28 FEBRUARY 2025 |
FOR |
CAMBRIDGE INFERENCE LTD |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE PERIOD 1 JULY 2024 TO 28 FEBRUARY 2025 |
FOR |
CAMBRIDGE INFERENCE LTD |
CAMBRIDGE INFERENCE LTD (REGISTERED NUMBER: 14935071) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 JULY 2024 TO 28 FEBRUARY 2025 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
CAMBRIDGE INFERENCE LTD |
COMPANY INFORMATION |
FOR THE PERIOD 1 JULY 2024 TO 28 FEBRUARY 2025 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
115c Milton Road |
Cambridge |
CB4 1XE |
CAMBRIDGE INFERENCE LTD (REGISTERED NUMBER: 14935071) |
BALANCE SHEET |
28 FEBRUARY 2025 |
2025 | 2024 |
Notes | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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 were approved by the Board of Directors and authorised for issue on |
CAMBRIDGE INFERENCE LTD (REGISTERED NUMBER: 14935071) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 JULY 2024 TO 28 FEBRUARY 2025 |
1. | STATUTORY INFORMATION |
Cambridge Inference Ltd is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements have been prepared on a going concern basis. This may not be appropriate because at 28 February 2025 the company's current liabilities exceeded its current assets by £510,099 and total liabilities of the company were £844,795. The company is reliant upon the continued support of its directors, bank and creditors, but there is no evidence to suggest that this will not continue and that further funds will not be provided, as necessary, to enable the company to continue as a going concern. |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
Development costs are being amortised evenly over their estimated useful life of 10 years. |
Tangible fixed assets |
Computer equipment | - |
Taxation |
Taxation for the period comprises current tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current 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. |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
CAMBRIDGE INFERENCE LTD (REGISTERED NUMBER: 14935071) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 JULY 2024 TO 28 FEBRUARY 2025 |
4. | INTANGIBLE FIXED ASSETS |
Development |
costs |
£ |
COST |
Additions |
At 28 February 2025 |
NET BOOK VALUE |
At 28 February 2025 |
5. | TANGIBLE FIXED ASSETS |
Computer |
equipment |
£ |
COST |
At 1 July 2024 |
Additions |
At 28 February 2025 |
DEPRECIATION |
At 1 July 2024 |
Charge for period |
At 28 February 2025 |
NET BOOK VALUE |
At 28 February 2025 |
At 30 June 2024 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2025 | 2024 |
£ | £ |
Other debtors |
Tax |
VAT |
Prepayments |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2025 | 2024 |
£ | £ |
Other loans |
Social security and other taxes |
Accruals and deferred income |
Included under creditors are $1,000,000 in unsecured redeemable 4% loan notes. |
CAMBRIDGE INFERENCE LTD (REGISTERED NUMBER: 14935071) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 JULY 2024 TO 28 FEBRUARY 2025 |
8. | ULTIMATE CONTROLLING PARTY |
The controlling parties are |