Company Registration No. 15565620 (England and Wales)
First Ai Group Ltd
Unaudited accounts
for the year ended 31 March 2025
First Ai Group Ltd
Unaudited accounts
Contents
First Ai Group Ltd
Company Information
for the year ended 31 March 2025
Company Number
15565620 (England and Wales)
Registered Office
Unit S
Loddon Business Centre
Roentgen Road
Basingstoke
Hampshire
RG24 8NG
England
Accountants
Woods Russell Limited
First Floor Unit S
Loddon Business Centre
Roentgen Road
Basingstoke
RG24 8NG
First Ai Group Ltd
Statement of financial position
as at 31 March 2025
Cash at bank and in hand
415,523
Creditors: amounts falling due within one year
(18,460)
Net current assets
427,289
Called up share capital
14
Profit and loss account
(300,116)
Shareholders' funds
427,289
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 September 2025 and were signed on its behalf by
Xi Chen
Director
Company Registration No. 15565620
First Ai Group Ltd
Notes to the Accounts
for the year ended 31 March 2025
First Ai Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 15565620. The registered office is Unit S, Loddon Business Centre, Roentgen Road, Basingstoke, Hampshire, RG24 8NG, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
First Ai Group Ltd
Notes to the Accounts
for the year ended 31 March 2025
Amounts falling due within one year
Accrued income and prepayments
9,000
5
Creditors: amounts falling due within one year
2025
Taxes and social security
10,124
Allotted, called up and fully paid:
1,000,000 Ordinary shares of £0.00001 each
10.00
390,356 A Ordinary shares of £0.00001 each
3.90
Shares issued during the period:
1,000,000 Ordinary shares of £0.00001 each
10.00
390,356 A Ordinary shares of £0.00001 each
3.90
7
Operating lease commitments
2025
At 31 March 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Later than one year and not later than five years
16,082
8
Average number of employees
During the year the average number of employees was 7.