Conversational AI Group Limited 31/08/2020 iXBRL
Conversational AI Group Limited 31/08/2020 iXBRL
Company registration number:
11253913
Contents
Directors and other information
Accountants report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Directors and other information
Directors |
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Secretary |
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Company number |
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Registered office |
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Business address |
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Accountants |
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8-10 Gatley Road | ||
Cheadle | ||
Cheshire | ||
SK8 1PY | ||
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of Conversational AI Group Limited
Year ended 31 August 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Conversational AI Group Limited for the year ended 31 August 2020 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of Conversational AI Group Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Conversational AI Group Limited and state those matters that we have agreed to state to the board of directors of Conversational AI Group Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Conversational AI Group Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Conversational AI Group Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Conversational AI Group Limited. You consider that Conversational AI Group Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Conversational AI Group Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Chartered Accountant
8-10 Gatley Road
Cheadle
Cheshire
SK8 1PY
22 December 2020
Statement of financial position
31 August 2020
31/08/20 | 31/08/19 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Intangible assets | 5 |
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Current assets | |||||||||
Debtors | 6 |
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Cash at bank and in hand |
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Creditors: amounts falling due | |||||||||
within one year | 7 |
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Net current liabilities |
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Total assets less current liabilities |
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Creditors: amounts falling due | |||||||||
after more than one year | 8 |
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Net liabilities |
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Capital and reserves | |||||||||
Called up share capital | 9 |
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Profit and loss account |
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Shareholders deficit |
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Directors responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
21 December 2020
, and are signed on behalf of the board by:
Director
Company registration number:
11253913
Statement of changes in equity
Year ended 31 August 2020
Called up share capital | Profit and loss account | Total | |||
£ | £ | £ | |||
At 14 March 2018 | - | - | - | ||
Loss for the year |
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Total comprehensive income for the year | - |
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Issue of shares |
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Total investments by and distributions to owners |
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At 31 August 2019 and 1 September 2019 |
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(35,509) | (35,409) | ||
Loss for the year |
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Total comprehensive income for the year | - |
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At 31 August 2020 |
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Notes to the financial statements
Year ended 31 August 2020
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is St Clare House, 30-33 Minories, London, EC3N 1DD.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Consolidation
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Intangible assets
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Development expenditure | - |
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If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Research and development
Impairment
Government grants
Financial instruments
Defined contribution plans
4.
Staff costs
The average number of persons employed by the company during the year amounted to
5
(2019:
5
).
The aggregate payroll costs incurred during the year were:
Year | Period | |||
ended | ended | |||
31/08/20 | 31/08/19 | |||
£ | £ | |||
Wages and salaries |
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Social security costs |
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Other pension costs |
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- | ||
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5.
Intangible assets
Other intangible assets | Total | ||
£ | £ | ||
Cost | |||
At 1 September 2019 |
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Additions | 186,097 | 186,097 | |
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At 31 August 2020 |
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Amortisation | |||
At 1 September 2019 | - | - | |
Charge for the year |
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At 31 August 2020 |
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Carrying amount | |||
At 31 August 2020 |
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At 31 August 2019 |
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6.
Debtors
31/08/20 | 31/08/19 | |||
£ | £ | |||
Other debtors |
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_______ | _______ | |||
7.
Creditors: amounts falling due within one year
31/08/20 | 31/08/19 | |||
£ | £ | |||
Trade creditors |
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- | ||
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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Social security and other taxes |
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Other creditors |
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8.
Creditors: amounts falling due after more than one year
31/08/20 | 31/08/19 | |||
£ | £ | |||
Other creditors |
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9.
Called up share capital
Issued, called up and fully paid
31/08/20 | 31/08/19 | ||||||||
No | £ | No | £ | ||||||
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100 | 100 | 100 | 100 | |||||
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10.
Controlling party