Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-3112022-04-01falseIT consultancy services1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08004027 2022-04-01 2023-03-31 08004027 2021-04-01 2022-03-31 08004027 2023-03-31 08004027 2022-03-31 08004027 c:Director1 2022-04-01 2023-03-31 08004027 d:OfficeEquipment 2022-04-01 2023-03-31 08004027 d:OfficeEquipment 2023-03-31 08004027 d:OfficeEquipment 2022-03-31 08004027 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 08004027 d:ComputerEquipment 2022-04-01 2023-03-31 08004027 d:ComputerEquipment 2023-03-31 08004027 d:ComputerEquipment 2022-03-31 08004027 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 08004027 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 08004027 d:CurrentFinancialInstruments 2023-03-31 08004027 d:CurrentFinancialInstruments 2022-03-31 08004027 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08004027 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 08004027 d:ShareCapital 2023-03-31 08004027 d:ShareCapital 2022-03-31 08004027 d:RetainedEarningsAccumulatedLosses 2023-03-31 08004027 d:RetainedEarningsAccumulatedLosses 2022-03-31 08004027 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-03-31 08004027 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-03-31 08004027 c:FRS102 2022-04-01 2023-03-31 08004027 c:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 08004027 c:FullAccounts 2022-04-01 2023-03-31 08004027 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 08004027 2 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 08004027










DYNAMIC THINKING LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
DYNAMIC THINKING LTD
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OFDYNAMIC THINKING LTD
FOR THE YEAR ENDED 31 MARCH 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Dynamic Thinking Ltd for the year ended 31 March 2023 which comprise the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given to us.
 

This report is made solely to the director of Dynamic Thinking Ltd in accordance with the terms of our agreement. Our work has been undertaken solely to prepare for your approval the financial statements of Dynamic Thinking Ltd and state those matters that we have agreed to state to him in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Dynamic Thinking Ltd and its  director for our work or for this report.
 
 
It is your duty to ensure that Dynamic Thinking Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the Company's assets, liabilities, financial position and loss. You consider that Dynamic Thinking Ltd is exempt from the statutory audit requirement for the year.
 
 
We have not been instructed to carry out an audit or review of the financial statements of Dynamic Thinking 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 financial statements.







Shipleys Tax Planning

20 October 2023
Page 1

 
DYNAMIC THINKING LTD
REGISTERED NUMBER: 08004027

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
624
1,663

  
624
1,663

Current assets
  

Debtors: amounts falling due within one year
 5 
18,796
19,650

Cash at bank and in hand
 6 
9,463
9,603

  
28,259
29,253

Creditors: amounts falling due within one year
 7 
(1,320)
(660)

Net current assets
  
 
 
26,939
 
 
28,593

Total assets less current liabilities
  
27,563
30,256

  

Net assets
  
27,563
30,256


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
27,463
30,156

  
27,563
30,256


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 October 2023.






Page 2

 
DYNAMIC THINKING LTD
REGISTERED NUMBER: 08004027

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

Shazad Khalil
Director

The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
DYNAMIC THINKING LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Dynamic Thinking Ltd is a company domiciled in England & Wales, registration number 08004027. The registered office is 32 Haslingden Drive, Bradford, West Yorkshire, BD9 5HR.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
25%
Computer equipment
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
DYNAMIC THINKING LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 5

 
DYNAMIC THINKING LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 April 2022
329
12,218
12,547



At 31 March 2023

329
12,218
12,547



Depreciation


At 1 April 2022
246
10,638
10,884


Charge for the year on owned assets
83
956
1,039



At 31 March 2023

329
11,594
11,923



Net book value



At 31 March 2023
-
624
624



At 31 March 2022
83
1,580
1,663


5.


Debtors

2023
2022
£
£


Other debtors
18,796
19,650

18,796
19,650



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
9,463
9,603

9,463
9,603


Page 6

 
DYNAMIC THINKING LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Accruals and deferred income
1,320
660

1,320
660



8.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
9,463
9,603




Financial assets measured at fair value through profit or loss comprises of cash at bank or in hand.


9.


Related party transactions

During the year the director repaid the company £2,000 (2022: £2,000). Interest has been charged at 6.5% on the outstanding balance owed by the director. At the balance sheet date other debtors included £18,781 (2022: £19,635) as amounts owed by the director.


Page 7