LOCATION SCIENCES AI LIMITED

• ⚠

  Material uncertainty over going concern

  The Company's financial statements have therefore been prepared on a basis other than going concern, in line with IAS 1.25/IAS 10.14 and relevant UK guidance, which specify that going concern is inappropriate when management intends to cease trading or has no realistic alternative.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  -113.7%

  £53,066 → -£7,278

• Cash

  -97.9%

  £955,112 → £20,429

• Net assets

  -294.5%

  -£1,019,539 → -£4,022,119

• Employees

  0%

  2 → 2

• Operating profit

  -724.3%

  -£366,529 → -£3,021,215

• Profit before tax

  -803%

  -£332,522 → -£3,002,580

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.

1. LOCATION SCIENCES AI LIMITED 2017-12-08 → present
2. PROXAMA SOLUTIONS LIMITED 2013-08-22 → 2017-12-08
3. PROXAMA LIMITED 2008-09-08 → 2013-08-22
4. GLUE4 TECHNOLOGIES LIMITED 2005-08-01 → 2008-09-08

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

Rawlinson & Hunter Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Company's financial statements have therefore been prepared on a basis other than going concern, in line with IAS 1.25/IAS 10.14 and relevant UK guidance, which specify that going concern is inappropriate when management intends to cease trading or has no realistic alternative.”

Significant events

• “In February 2024, Location Sciences Al Ltd ceased all trading activities and formally closed down its business operations.”
• “A net credit to revenue of £7,278 arose from credit notes issued in the year relating to sales recognised in prior periods.”
• “On 16 February 2024, the company joined the Group and became a group undertaking to Sorted Group Limited.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.