Company Registration No. 14818671 (England and Wales)
Binary Ai Ltd
Unaudited accounts
for the year ended 30 April 2025
Binary Ai Ltd
Unaudited accounts
Contents
Binary Ai Ltd
Company Information
for the year ended 30 April 2025
Director
Dr James Patrick Evans
Company Number
14818671 (England and Wales)
Binary Ai Ltd
Statement of financial position
as at 30 April 2025
Tangible assets
19,671
18,255
Cash at bank and in hand
1,365,258
1,227,853
Creditors: amounts falling due within one year
(87,650)
(43,637)
Net current assets
1,349,095
1,184,216
Total assets less current liabilities
1,368,766
1,202,471
Creditors: amounts falling due after more than one year
(1,924,999)
(1,429,997)
Net liabilities
(556,233)
(227,526)
Called up share capital
1
1
Profit and loss account
(1,986,232)
(227,527)
Shareholders' funds
(556,233)
(227,526)
For the year ending 30 April 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 his 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 9 December 2025 and were signed on its behalf by
Dr James Patrick Evans
Director
Company Registration No. 14818671
Binary Ai Ltd
Notes to the Accounts
for the year ended 30 April 2025
Binary Ai Ltd is a private company, limited by shares, registered in England and Wales, registration number 14818671.
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.
These financial statements for the year ended 30 April 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 May 2023.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Computer equipment
Binary Ai Ltd
Notes to the Accounts
for the year ended 30 April 2025
Amounts falling due within one year
Accrued income and prepayments
550
-
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
27,402
-
Other creditors
7,814
2,537
Loans from directors
9,454
(638)
7
Creditors: amounts falling due after more than one year
2025
2024
Other creditors
1,924,999
1,429,997
8
Average number of employees
During the year the average number of employees was 8 (2024: 8).