IRIS Accounts Production v25.1.0.734 11812587 Board of Directors Board of Directors 1.1.24 31.12.24 31.12.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh118125872023-12-31118125872024-12-31118125872024-01-012024-12-31118125872022-12-31118125872023-01-012023-12-31118125872023-12-3111812587ns15:EnglandWales2024-01-012024-12-3111812587ns14:PoundSterling2024-01-012024-12-3111812587ns10:Director12024-01-012024-12-3111812587ns10:Director22024-01-012024-12-3111812587ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3111812587ns10:SmallEntities2024-01-012024-12-3111812587ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3111812587ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3111812587ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3111812587ns10:FullAccounts2024-01-012024-12-3111812587ns10:OrdinaryShareClass12024-01-012024-12-3111812587ns10:RegisteredOffice2024-01-012024-12-3111812587ns5:CurrentFinancialInstruments2024-12-3111812587ns5:CurrentFinancialInstruments2023-12-3111812587ns5:Non-currentFinancialInstruments2024-12-3111812587ns5:Non-currentFinancialInstruments2023-12-3111812587ns5:ShareCapital2024-12-3111812587ns5:ShareCapital2023-12-3111812587ns5:SharePremium2024-12-3111812587ns5:SharePremium2023-12-3111812587ns5:RetainedEarningsAccumulatedLosses2024-12-3111812587ns5:RetainedEarningsAccumulatedLosses2023-12-3111812587ns5:ComputerEquipment2024-01-012024-12-3111812587ns5:ComputerEquipment2023-12-3111812587ns5:ComputerEquipment2024-12-3111812587ns5:ComputerEquipment2023-12-3111812587ns5:CostValuationns5:ListedExchangeTraded2023-12-3111812587ns5:ListedExchangeTraded2024-12-3111812587ns5:ListedExchangeTraded2023-12-3111812587ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3111812587ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3111812587ns10:OrdinaryShareClass12024-12-3111812587ns5:RetainedEarningsAccumulatedLosses2023-12-3111812587ns5:SharePremium2023-12-3111812587ns5:RetainedEarningsAccumulatedLosses2024-01-012024-12-31118125871ns10:Director12023-12-31118125871ns10:Director12022-12-31118125871ns10:Director12024-01-012024-12-31118125871ns10:Director12023-01-012023-12-31118125871ns10:Director12024-12-31118125871ns10:Director12023-12-3111812587ns10:Director222023-12-3111812587ns10:Director222022-12-3111812587ns10:Director222024-01-012024-12-3111812587ns10:Director222023-01-012023-12-3111812587ns10:Director222024-12-3111812587ns10:Director222023-12-31
REGISTERED NUMBER: 11812587 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2024

for

AI4PROCESS LTD

AI4PROCESS LTD (REGISTERED NUMBER: 11812587)

Contents of the Financial Statements
for the year ended 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AI4PROCESS LTD

Company Information
for the year ended 31 December 2024







Directors: A Agrawal
I E Johnston





Registered office: 107-111 Fleet Street
London
EC4A 2AB





Registered number: 11812587 (England and Wales)





Accountants: Cooper Parry Advisory Limited
Aissela
46 High Street
Esher
Surrey
KT10 9QY

AI4PROCESS LTD (REGISTERED NUMBER: 11812587)

Balance Sheet
31 December 2024

2024 2023
Notes £ £ £
Fixed assets
Tangible assets 4 6,031 8,592
Investments 5 9,112 9,112
15,143 17,704

Current assets
Debtors 6 1,671,018 1,320,615
Cash at bank 109,181 195,739
1,780,199 1,516,354
Creditors
Amounts falling due within one year 7 868,553 1,081,213
Net current assets 911,646 435,141
Total assets less current liabilities 926,789 452,845

Creditors
Amounts falling due after more than one
year

8

7,500

17,500
Net assets 919,289 435,345

Capital and reserves
Called up share capital 9 7,842 7,842
Share premium 10 993,185 993,185
Retained earnings 10 (81,738 ) (565,682 )
Shareholders' funds 919,289 435,345

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

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.

AI4PROCESS LTD (REGISTERED NUMBER: 11812587)

Balance Sheet - continued
31 December 2024


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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 May 2025 and were signed on its behalf by:




A Agrawal - Director



I E Johnston - Director


AI4PROCESS LTD (REGISTERED NUMBER: 11812587)

Notes to the Financial Statements
for the year ended 31 December 2024


1. Statutory information

AI4PROCESS LTD is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going Concern
The financial statements have been prepared on a going concern basis. The directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment. The directors have tested the cash flow analysis to take into account the impact on the business of possible scenarios brought on by the current economic conditions, alongside the measures that he can take to mitigate the impact. Based on these assessments, given the measures that could be undertaken to mitigate the current adverse conditions, and the current resources available, the directors have concluded that the Company can continue to adopt the going concern basis in preparing the annual report and accounts.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

AI4PROCESS LTD (REGISTERED NUMBER: 11812587)

Notes to the Financial Statements - continued
for the year ended 31 December 2024


2. Accounting policies - continued

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 year was 86 (2023 - 101 ) .

4. Tangible fixed assets
Computer
equipment
£
Cost
At 1 January 2024 51,651
Additions 7,982
At 31 December 2024 59,633
Depreciation
At 1 January 2024 43,059
Charge for year 10,543
At 31 December 2024 53,602
Net book value
At 31 December 2024 6,031
At 31 December 2023 8,592

AI4PROCESS LTD (REGISTERED NUMBER: 11812587)

Notes to the Financial Statements - continued
for the year ended 31 December 2024


5. Fixed asset investments
Listed
investments
£
Cost
At 1 January 2024
and 31 December 2024 9,112
Net book value
At 31 December 2024 9,112
At 31 December 2023 9,112

6. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 1,052,639 851,863
Other debtors 618,379 468,752
1,671,018 1,320,615

Other debtors includes interest free loan of £584,209 (2023- £454,179).

7. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors 142,676 173,566
Taxation and social security 373,723 521,917
Other creditors 342,154 375,730
868,553 1,081,213

8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans 7,500 17,500

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
106,842 Ordinary 1p 7,842 7,842

10. Reserves
Retained Share
earnings premium Totals
£ £ £

At 1 January 2024 (565,682 ) 993,185 427,503
Profit for the year 483,944 483,944
At 31 December 2024 (81,738 ) 993,185 911,447

AI4PROCESS LTD (REGISTERED NUMBER: 11812587)

Notes to the Financial Statements - continued
for the year ended 31 December 2024


11. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£ £
A Agrawal
Balance outstanding at start of year 5,842 137,008
Amounts advanced - 141,064
Amounts repaid - (272,230 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,842 5,842

I E Johnston
Balance outstanding at start of year 108 7,666
Amounts advanced - 2,339
Amounts repaid - (9,897 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 108 108