BrightAccountsProduction v1.0.0 v1.0.0 2023-12-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity is that of domestic software development, information technology consultancy activities and Other information technology service activities. 28 August 2025 1 1 SC751214 2024-11-30 SC751214 2023-11-30 SC751214 2022-11-30 SC751214 2023-12-01 2024-11-30 SC751214 2022-12-01 2023-11-30 SC751214 uk-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 SC751214 uk-curr:PoundSterling 2023-12-01 2024-11-30 SC751214 uk-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 SC751214 uk-bus:FullAccounts 2023-12-01 2024-11-30 SC751214 uk-bus:Director1 2023-12-01 2024-11-30 SC751214 uk-bus:RegisteredOffice 2023-12-01 2024-11-30 SC751214 uk-bus:Agent1 2023-12-01 2024-11-30 SC751214 uk-core:ShareCapital 2024-11-30 SC751214 uk-core:ShareCapital 2023-11-30 SC751214 uk-core:RetainedEarningsAccumulatedLosses 2024-11-30 SC751214 uk-core:RetainedEarningsAccumulatedLosses 2023-11-30 SC751214 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-11-30 SC751214 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-11-30 SC751214 uk-bus:FRS102 2023-12-01 2024-11-30 SC751214 uk-core:FurnitureFittingsToolsEquipment 2023-12-01 2024-11-30 SC751214 uk-core:CurrentFinancialInstruments 2024-11-30 SC751214 uk-core:CurrentFinancialInstruments 2023-11-30 SC751214 uk-core:WithinOneYear 2024-11-30 SC751214 uk-core:WithinOneYear 2023-11-30 SC751214 2023-12-01 2024-11-30 SC751214 uk-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: SC751214
 
 
Ainglean Ltd (Previously AISTREAMING LIMITED)
 
Unaudited Financial Statements
 
for the financial year ended 30 November 2024
Ainglean Ltd (Previously AISTREAMING LIMITED)
DIRECTOR AND OTHER INFORMATION

 
Director Alan Edwards
 
 
Company Registration Number SC751214
 
 
Registered Office and Business Address Third Floor, 3 Hill Street
Edinburgh
EH2 3JP
Scotland
 
 
Accountants Quarter
Chartered Accountants
St.Annes House
Cathedral Quarter
15 Church Street
Belfast
Antrim
BT1 1PG
 
 
Bankers Wise Payment Ltd
  6th Floor, Tea Building, 56 Shoreditch High Street
  London
  E1 6JJ



Ainglean Ltd (Previously AISTREAMING LIMITED)
Company Registration Number: SC751214
STATEMENT OF FINANCIAL POSITION
as at 30 November 2024

2024 2023
Notes £ £
 
Non-Current Assets
Intangible assets 6 58,400 65,700
Property, plant and equipment 7 3,551 391
───────── ─────────
Non-Current Assets 61,951 66,091
───────── ─────────
 
Current Assets
Receivables 8 52,532 21,459
Cash and cash equivalents 474 4,159
───────── ─────────
53,006 25,618
───────── ─────────
Payables: amounts falling due within one year 9 (112,652) (91,383)
───────── ─────────
Net Current Liabilities (59,646) (65,765)
───────── ─────────
Total Assets less Current Liabilities 2,305 326
═════════ ═════════
 
Equity
Called up share capital 100 100
Retained earnings 2,205 226
───────── ─────────
Equity attributable to owners of the company 2,305 326
═════════ ═════════
 
These financial statements have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Income Statement and Director's Report.
           
For the financial year ended 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 28 August 2025
           
           
________________________________          
Alan Edwards          
Director          
           



Ainglean Ltd (Previously AISTREAMING LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 30 November 2024

   
1. General Information
 
Ainglean Ltd (Previously AISTREAMING LIMITED) is a company limited by shares incorporated and registered in the Scotland. The registered number of the company is SC751214. The registered office of the company is Third Floor, 3 Hill Street, Edinburgh, EH2 3JP, Scotland which is also the principal place of business of the company. The principal activity is that of domestic software development, information technology consultancy activities and Other information technology service activities. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 30 November 2024 have been prepared in accordance with the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland (FRS 102) issued by the Financial Reporting Council and in accordance with the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Cash flow statement
The company has availed of the exemption in FRS 102 from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.
 
Revenue
Revenue comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Intangible assets
 
Patents
Patents are valued at cost less accumulated amortisation.
 
Amortisation is calculated to write off the cost in equal annual instalments over the estimated useful life of 10 years.
 
Property, plant and equipment and depreciation
 
 
  Fixtures, fittings and equipment - 20% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Trade and other receivables
Trade and other receivables are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other payables
Trade and other payables are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
   
3. Going concern
 
As at 30 November 2024, the company had net current liabilities of £59,646, with a significant balance being owed by related party. The company is reliant on the on going support of the related party and director.
       
4. Employees
 
The average monthly number of employees, including director, during the financial year was 1, (2023 - 1).
 
  2024 2023
  Number Number
 
Director 1 1
  ═════════ ═════════
       
5. Tax on profit
  2024 2023
  £ £
(a)     Analysis of charge in the financial year
 
Current tax:
Corporation tax at 24.29% (2023 - 19.00%) (Note 5 (b)) 20,603 8,346
  ═════════ ═════════
 
(b)     Factors affecting tax charge for the financial year
 
The tax assessed for the financial year differs from the standard rate of corporation tax in the United Kingdom 24.29% (2023 - 19.00%). The differences are explained below:
  2024 2023
  £ £
 
Profit taxable at 24.29% 72,582 36,072
  ═════════ ═════════
Profit before tax
multiplied by the standard rate of corporation tax
in the United Kingdom at 24.29% (2023 - 19.00%) 17,630 6,854
Effects of:
Expenses not deductible for tax purposes 1,967 180
Depreciation in excess of capital allowances for period 1,006 1,312
  ───────── ─────────
Total tax charge for the financial year (Note 5 (a)) 20,603 8,346
  ═════════ ═════════
 
       
6. Intangible assets
  Patents  
    Total
  £ £
Cost
At 1 December 2023 73,000 73,000
  ───────── ─────────
 
At 30 November 2024 73,000 73,000
  ───────── ─────────
Amortisation
At 1 December 2023 7,300 7,300
Charge for financial year 7,300 7,300
  ───────── ─────────
At 30 November 2024 14,600 14,600
  ───────── ─────────
Net book value
At 30 November 2024 58,400 58,400
  ═════════ ═════════
At 30 November 2023 65,700 65,700
  ═════════ ═════════
       
7. Property, plant and equipment
  Fixtures, Total
  fittings and  
  equipment  
  £ £
Cost
At 1 December 2023 489 489
Additions 4,072 4,072
  ───────── ─────────
At 30 November 2024 4,561 4,561
  ───────── ─────────
Depreciation
At 1 December 2023 98 98
Charge for the financial year 912 912
  ───────── ─────────
At 30 November 2024 1,010 1,010
  ───────── ─────────
Net book value
At 30 November 2024 3,551 3,551
  ═════════ ═════════
At 30 November 2023 391 391
  ═════════ ═════════
       
8. Receivables 2024 2023
  £ £
 
Trade receivables 7,127 6,000
Director's current account  (Note 13) 33,948 15,459
Taxation  (Note 10) 11,457 -
  ───────── ─────────
  52,532 21,459
  ═════════ ═════════
       
9. Payables 2024 2023
Amounts falling due within one year £ £
 
Amounts owed to related parties (Note 12) 72,733 77,733
Taxation  (Note 10) 38,419 12,150
Accruals 1,500 1,500
  ───────── ─────────
  112,652 91,383
  ═════════ ═════════
       
10. Taxation 2024 2023
  £ £
 
Receivables:
Corporation tax 11,457 -
  ═════════ ═════════
Payables:
VAT 6,359 3,804
Corporation tax 32,060 8,346
  ───────── ─────────
  38,419 12,150
  ═════════ ═════════
       
11. Capital commitments
 
The company had no material capital commitments at the financial year-ended 30 November 2024.
           
12. Related party transactions
 
      2024 2023
      £ £
 
Finance amounts owed to related parties     72,733 77,733
      ═════════ ═════════
 
Alan Edwards is a director in both Ainglean Ltd and BigDataScience Limited. As at 30th November 2023 Ainglean Ltd owed BigDataScience Limited £77,733. During the financial year there was a net movement of £5,000. As at 30th November 2024 Ainglean Ltd owes BigDataScience Limited £72,733.
   
13. Director's advances, credits and guarantees
 
During the financial year, the company made a loan to a director amounting to £33,948, interest has been charged on this loan and is repayable on demand. This loan has not been repaid in full post year within 9 months of the financial year end and a Section 455 charge has been applied.
   
14. Events After the End of the Reporting Period
 
There have been no significant events affecting the company since the financial year-end.