Registration number:
Acute Intelligence Ltd
for the Period from 1 March 2021 to 31 October 2021
Acute Intelligence Ltd
Contents
Company Information |
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Accountants' Report |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Acute Intelligence Ltd
Company Information
Director |
Mr S Urath |
Company secretary |
Mrs Z Bilbiloglou |
Registered office |
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Accountants |
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Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Acute Intelligence Ltd
for the Period Ended 31 October 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Acute Intelligence Ltd for the period ended 31 October 2021 as set out on pages 3 to 7 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/regulation.
This report is made solely to the Board of Directors of Acute Intelligence Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Acute Intelligence Ltd and state those matters that we have agreed to state to the Board of Directors of Acute Intelligence Ltd, 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 Acute Intelligence Ltd and its Board of Directors as a body for our work or for this report.
We have not been instructed to carry out an audit or a review of the accounts of Acute Intelligence Ltd. 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 accounts.
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Chartered Accountants
57 London Road
High Wycombe
Buckinghamshire
HP11 1BS
Acute Intelligence Ltd
(Registration number: 10013163)
Balance Sheet as at 31 October 2021
Note |
2021 |
2021 |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
- |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
100 |
100 |
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Profit and loss account |
1,840 |
35 |
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Shareholders' funds |
1,940 |
135 |
For the financial period ending 31 October 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
• |
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• |
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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Acute Intelligence Ltd
Notes to the Unaudited Financial Statements for the Period from 1 March 2021 to 31 October 2021
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The company ceased trading 31 October 2021.
Disclosure of long or short period
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Office equipment |
Straight line over 3 years |
Acute Intelligence Ltd
Notes to the Unaudited Financial Statements for the Period from 1 March 2021 to 31 October 2021
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Staff numbers |
The average number of persons employed by the company (including the director) during the period, was
Taxation |
Tax charged/(credited) in the income statement
1 March 2021 to 31 October 2021 |
Year ended 28 February 2021 |
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Current taxation |
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UK corporation tax |
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Acute Intelligence Ltd
Notes to the Unaudited Financial Statements for the Period from 1 March 2021 to 31 October 2021
Tangible assets |
Furniture, fittings and equipment |
Total |
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Cost or valuation |
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At 1 March 2021 |
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Disposals |
( |
( |
At 31 October 2021 |
- |
- |
Depreciation |
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At 1 March 2021 |
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Eliminated on disposal |
( |
( |
At 31 October 2021 |
- |
- |
Carrying amount |
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At 31 October 2021 |
- |
- |
Debtors |
2021 |
2021 |
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Other debtors |
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Creditors |
Creditors: amounts falling due within one year
2021 |
2021 |
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Due within one year |
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Taxation and social security |
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Accruals and deferred income |
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Creditors: amounts falling due after more than one year
Note |
2021 |
2021 |
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Due after one year |
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Loans and borrowings |
- |
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Acute Intelligence Ltd
Notes to the Unaudited Financial Statements for the Period from 1 March 2021 to 31 October 2021
Share capital |
Allotted, called up and fully paid shares
2021 |
2021 |
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No. |
£ |
No. |
£ |
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100 |
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100 |
Related party transactions |
Other transactions with the director |
Included in other debtors is £2,527 (2021: £11,238) owed by the director. The loan was fully repaid within 9 months after the year end.