IRIS Accounts Production v25.2.0.378 15278376 director 13.11.23 30.11.24 30.11.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh152783762023-11-12152783762024-11-30152783762023-11-132024-11-30152783762023-11-1215278376ns15:EnglandWales2023-11-132024-11-3015278376ns14:PoundSterling2023-11-132024-11-3015278376ns10:Director12023-11-132024-11-3015278376ns10:PrivateLimitedCompanyLtd2023-11-132024-11-3015278376ns10:SmallEntities2023-11-132024-11-3015278376ns10:AuditExempt-NoAccountantsReport2023-11-132024-11-3015278376ns10:SmallCompaniesRegimeForDirectorsReport2023-11-132024-11-3015278376ns10:SmallCompaniesRegimeForAccounts2023-11-132024-11-3015278376ns10:FullAccounts2023-11-132024-11-3015278376ns5:CurrentFinancialInstruments2024-11-3015278376ns5:ShareCapital2024-11-3015278376ns5:RetainedEarningsAccumulatedLosses2024-11-3015278376ns10:RegisteredOffice2023-11-132024-11-3015278376ns5:WithinOneYearns5:CurrentFinancialInstruments2024-11-301527837612023-11-132024-11-30
REGISTERED NUMBER: 15278376 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 13 NOVEMBER 2023 TO 30 NOVEMBER 2024

FOR

THE AI EFFECT LTD

THE AI EFFECT LTD (REGISTERED NUMBER: 15278376)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 13 NOVEMBER 2023 TO 30 NOVEMBER 2024










Page

Statement of Financial Position 1

Notes to the Financial Statements 2 to 3


THE AI EFFECT LTD (REGISTERED NUMBER: 15278376)

STATEMENT OF FINANCIAL POSITION
30 NOVEMBER 2024

Notes £   
CURRENT ASSETS
Debtors 4 3,000
Cash at bank 782
3,782
CREDITORS
Amounts falling due within one year 5 (10,799 )
NET CURRENT LIABILITIES (7,017 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(7,017

)

CAPITAL AND RESERVES
Called up share capital 1
Retained earnings (7,018 )
(7,017 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 August 2025 and were signed by:





T E Blackburn - Director


THE AI EFFECT LTD (REGISTERED NUMBER: 15278376)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 13 NOVEMBER 2023 TO 30 NOVEMBER 2024


1. STATUTORY INFORMATION

The Ai Effect Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 15278376

Registered office: Amber Court William Armstrong Drive
Newcastle Business Park
Newcastle Upon Tyne
Tyne and Wear
NE4 7YA

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.

SIGNIFICANT JUDGEMENTS AND ESTIMATES
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reports. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

(a) Critical accounting estimates and assumptions

The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below.

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

FINANCIAL INSTRUMENTS
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

THE AI EFFECT LTD (REGISTERED NUMBER: 15278376)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 13 NOVEMBER 2023 TO 30 NOVEMBER 2024


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 300
Amounts owed by group undertakings 2,700
3,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other creditors 10,799

6. RELATED PARTY DISCLOSURES

Transaction with directors are under normal market condition and/or not material

7. POST BALANCE SHEET EVENTS

There were no material events up to the date of approval of the financial statements by the board.