Company No:
Contents
| DIRECTOR | RH White |
| REGISTERED OFFICE | 19 Cedar Road |
| Sutton | |
| United Kingdom |
| COMPANY NUMBER | 03990895 (England and Wales) |
| ACCOUNTANT | Shaw Gibbs Limited |
| Salatin House | |
| 19 Cedar Road | |
| Sutton | |
| SM2 5DA |
| Note | 2025 | 2024 | ||
| £ | £ | |||
| Fixed assets | ||||
| Tangible assets | 3 |
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| 99,745 | 139,931 | |||
| Current assets | ||||
| Debtors | 4 |
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| Cash at bank and in hand | 5 |
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| 653,649 | 757,491 | |||
| Creditors: amounts falling due within one year | 6 | (
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| Net current assets | 406,686 | 515,040 | ||
| Total assets less current liabilities | 506,431 | 654,971 | ||
| Creditors: amounts falling due after more than one year | 7 | (
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| Provision for liabilities | (
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| Net assets |
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| Capital and reserves | ||||
| Called-up share capital | 8 |
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| Profit and loss account |
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| Total shareholder's funds |
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Director's responsibilities:
The financial statements of MANAGED OPERATIONS AI LTD (registered number:
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RH White
Director |
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Managed Operations AI Ltd (the 'company') is a private company limited by share capital, registered in England and Wales under the Companies Act. The address of the registered office is given on page1. The nature of the company’s operations and its principal activities are set out in the directors' report on page 2.
The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus he continues to adopt the going concern basis in preparing the annual financial statements.
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The functional currency of the company is considered to be pounds sterling (£) because that is the currency of the primary economic environment in which the company operates. The financial statements are presented in pounds sterling (£).
There were no key sources of estimation uncertainties or critical judgements made by the directors in the process of applying the company’s accounting policies with significant effect on the amounts
recognised in the financial statements.
Revenue comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities and is net of Value Added Tax.
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is
also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Cash and cash equivalents comprise cash at bank on hand and call deposits.
Receivables are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Stocks are valued at the lower of cost and estimated selling price, after making due allowance for obsolete and slow moving items.
Payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a
straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Statement of Financial Position as a finance
lease obligation.
Lease payments are apportioned between finance costs in the Income statement and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
The cost of property, plant and equipment includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:
| Plant and machinery |
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| Vehicles |
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| Fixtures and fittings |
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| Computer equipment |
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| Monthly average number of persons employed by the Company during the year, including the director |
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| Plant and machinery | Vehicles | Fixtures and fittings | Computer equipment | Total | |||||
| £ | £ | £ | £ | £ | |||||
| Cost | |||||||||
| At 01 April 2024 |
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| At 31 March 2025 |
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| Accumulated depreciation | |||||||||
| At 01 April 2024 |
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| Charge for the financial year |
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| At 31 March 2025 |
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| Net book value | |||||||||
| At 31 March 2025 | 1,463 | 96,817 | 1,465 | 0 | 99,745 | ||||
| At 31 March 2024 | 1,950 | 135,210 | 2,310 | 461 | 139,931 |
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| Trade debtors |
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| Prepayments |
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| Other debtors |
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| Cash at bank and in hand |
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| Trade creditors |
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| Accruals |
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| Taxation and social security |
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| Obligations under finance leases and hire purchase contracts |
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| Other creditors |
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| £ | £ | ||
| Bank loans |
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| Other creditors |
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| £ | £ | ||
| Allotted, called-up and fully-paid | |||
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