Company Registration No. 09929210 (England and Wales)
Action Artificial Intelligence Limited
Unaudited accounts
for the period from 1 May 2022 to 30 September 2022
Action Artificial Intelligence Limited
Unaudited accounts
Contents
Action Artificial Intelligence Limited
Company Information
for the period from 1 May 2022 to 30 September 2022
Directors
Dr John Taylor
Dr Richard Tolcher
Company Number
09929210 (England and Wales)
Registered Office
124 City Road
London
EC1V 2NX
Action Artificial Intelligence Limited
Statement of financial position
as at 30 September 2022
Tangible assets
6,231
9,525
Cash at bank and in hand
205,421
240,934
Creditors: amounts falling due within one year
(65,594)
(27,414)
Net current assets
297,893
381,568
Total assets less current liabilities
304,224
391,193
Creditors: amounts falling due after more than one year
(567,237)
(572,051)
Net liabilities
(263,013)
(180,858)
Called up share capital
1,730
1,730
Share premium
2,581,590
2,581,590
Profit and loss account
(2,846,333)
(2,764,178)
Shareholders' funds
(263,013)
(180,858)
For the period ending 30 September 2022 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 directors acknowledge their 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 of Directors and authorised for issue on 10 October 2022 and were signed on its behalf by
Dr John Taylor
Director
Company Registration No. 09929210
Action Artificial Intelligence Limited
Notes to the Accounts
for the period from 1 May 2022 to 30 September 2022
Action Artificial Intelligence Limited is a private company, limited by shares, registered in England and Wales, registration number 09929210. The registered office is 124 City Road, London, EC1V 2NX.
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 principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
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:
Computer equipment
Straight Line Method - 3 Years
4
Tangible fixed assets
Computer equipment
At 30 September 2022
23,711
Charge for the period
3,294
At 30 September 2022
17,480
At 30 September 2022
6,231
5
Investments
Other investments
Valuation at 1 May 2022
100
Valuation at 30 September 2022
100
Action Artificial Intelligence Limited
Notes to the Accounts
for the period from 1 May 2022 to 30 September 2022
6
Debtors
30/09/2022
30/04/2022
Amounts falling due within one year
Trade debtors
152,472
163,472
7
Creditors: amounts falling due within one year
30/09/2022
30/04/2022
Taxes and social security
65,594
27,414
8
Creditors: amounts falling due after more than one year
30/09/2022
30/04/2022
Other creditors
530,000
530,000
9
Average number of employees
During the period the average number of employees was 22 (30/04/2022: 22).