Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-312024-04-013falseNo description of principal activity3falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12965507 2024-04-01 2025-03-31 12965507 2023-04-01 2024-03-31 12965507 2025-03-31 12965507 2024-03-31 12965507 c:Director3 2024-04-01 2025-03-31 12965507 d:CurrentFinancialInstruments 2025-03-31 12965507 d:CurrentFinancialInstruments 2024-03-31 12965507 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 12965507 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 12965507 d:ShareCapital 2025-03-31 12965507 d:ShareCapital 2024-03-31 12965507 d:RetainedEarningsAccumulatedLosses 2025-03-31 12965507 d:RetainedEarningsAccumulatedLosses 2024-03-31 12965507 c:FRS102 2024-04-01 2025-03-31 12965507 c:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 12965507 c:FullAccounts 2024-04-01 2025-03-31 12965507 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 12965507 2 2024-04-01 2025-03-31 12965507 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: 12965507









AUGMENTED INTELLIGENCE LABS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

 
AUGMENTED INTELLIGENCE LABS LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF AUGMENTED INTELLIGENCE LABS LIMITED
FOR THE YEAR ENDED 31 MARCH 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of AUGMENTED INTELLIGENCE LABS LIMITED for the year ended 31 March 2025 which comprise the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of AUGMENTED INTELLIGENCE LABS LIMITED, as a body, in accordance with the terms of our engagement letter dated 26 November 2020Our work has been undertaken solely to prepare for your approval the financial statements of AUGMENTED INTELLIGENCE LABS LIMITED and state those matters that we have agreed to state to the Board of Directors of AUGMENTED INTELLIGENCE LABS LIMITED, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than AUGMENTED INTELLIGENCE LABS LIMITED and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that AUGMENTED INTELLIGENCE LABS LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of AUGMENTED INTELLIGENCE LABS LIMITED. You consider that AUGMENTED INTELLIGENCE LABS LIMITED is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of AUGMENTED INTELLIGENCE LABS LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



The Woodstock Accountancy Practice Limited
Chartered Accountants
3a Market Place
Woodstock
OX20 1SY
9 June 2025
Page 1

 
AUGMENTED INTELLIGENCE LABS LIMITED
REGISTERED NUMBER: 12965507

BALANCE SHEET
AS AT 31 MARCH 2025

2025
2024
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
8,751
44,297

Cash at bank and in hand
 5 
127,138
28,618

  
135,889
72,915

Creditors: amounts falling due within one year
 6 
(66,087)
(56,308)

Net current assets
  
 
 
69,802
 
 
16,607

Total assets less current liabilities
  
69,802
16,607

  

Net assets
  
69,802
16,607


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
69,702
16,507

  
69,802
16,607


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 9 June 2025.




F Thomaz
Director

The notes on pages 4 to 6 form part of these financial statements.
Page 2

 
AUGMENTED INTELLIGENCE LABS LIMITED
REGISTERED NUMBER: 12965507
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025


Page 3

 
AUGMENTED INTELLIGENCE LABS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

Augmented Intelligence Labs Limited, company registration number; 12965507, a private limited company limited by share capital, incorporated in England.
Regsitered office address; 3a Market Place, Woodstock, Oxfordshire, OX20 1SY.
.
The principal activity of the company is that of other information technology services.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 4

 
AUGMENTED INTELLIGENCE LABS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2024 - 3).

Page 5

 
AUGMENTED INTELLIGENCE LABS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

4.


Debtors

2025
2024
£
£


Trade debtors
-
40,000

Other debtors
8,751
4,297

8,751
44,297



5.


Cash and cash equivalents

2025
2024
£
£

Cash at bank and in hand
127,138
28,618

127,138
28,618



6.


Creditors: Amounts falling due within one year

2025
2024
£
£

Trade creditors
8,107
23,157

Corporation tax
14,166
4,458

Other creditors
1,964
1,843

Accruals and deferred income
41,850
26,850

66,087
56,308


 
Page 6