AI4Process Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11812587 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

28 FEBRUARY 2022

FOR

AI4PROCESS LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A Agrawal

Mr I E Johnston

REGISTERED OFFICE:

4th Floor

Radius House

51 Clarendon Road

Watford

Hertfordshire

WD17 1HP

REGISTERED NUMBER:

11812587 (England and Wales)

ACCOUNTANTS:

JSA Services Limited

4th Floor

Radius House

51 Clarendon Road

Watford

Hertfordshire

WD17 1HP

FIXED ASSETS

Tangible assets

5

16,503

4,132

CURRENT ASSETS

Debtors

1,349,603

352,727

Investments

5,850

-

Cash at bank

174,040

343,877

1,529,493

696,604

CREDITORS

Amounts falling due within one year

1,254,790

134,398

NET CURRENT ASSETS

274,703

562,206

TOTAL ASSETS LESS CURRENT LIABILITIES

291,206

566,338

CREDITORS

Amounts falling due after more than one year

35,833

46,340

NET ASSETS

255,373

519,998

CAPITAL AND RESERVES

Called up share capital

7

1,000

1,000

Retained earnings

254,373

518,998

SHAREHOLDERS' FUNDS

255,373

519,998

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 28 February 2022 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 April 2023 and were signed on its behalf by:

Mr A Agrawal - Director

Mr I E Johnston - Director

1.	STATUTORY INFORMATION

AI4Process Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on cost

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 80 (2021 - 41 ) .

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 March 2021

6,298

Additions

21,706

At 28 February 2022

28,004

DEPRECIATION

At 1 March 2021

2,166

Charge for year

9,335

At 28 February 2022

11,501

NET BOOK VALUE

At 28 February 2022

16,503

At 28 February 2021

4,132

6.

LOANS

An analysis of the maturity of loans is given below:

2022

2021

£

£

Amounts falling due within one year or on demand:

Bank loans

10,000

3,659

Amounts falling due between one and two years:

Bank loans - 1-2 years

10,000

8,939

Amounts falling due between two and five years:

Bank loans - 2-5 years

25,833

37,401

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

1,000

Ordinary

£1

1,000

1,000

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2022 and 28 February 2021:

2022

2021

£

£

Mr A Agrawal

Balance outstanding at start of year

(23,344

)

(4,198

)

Amounts advanced

203,194

75,154

Amounts repaid

(187,404

)

(94,300

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(7,554

)

(23,344

)

Mr I E Johnston

Balance outstanding at start of year

(588

)

(955

)

Amounts advanced

35,711

1,726

Amounts repaid

(35,948

)

(1,359

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(825

)

(588

)