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REGISTERED NUMBER: 08610628 (England and Wales)













Plural Thinking Limited

Unaudited Financial Statements

for the Year Ended 31 July 2023






Plural Thinking Limited (Registered number: 08610628)

Contents of the Financial Statements
for the Year Ended 31 July 2023










Page

Company information 1

Statement of financial position 2

Notes to the financial statements 3 to 5


Plural Thinking Limited

Company Information
for the Year Ended 31 July 2023







Director: Mr Brett Templeton





Registered office: Flat 2
No. 6 Abbeville Road
Clapham
London
SW4 9NJ





Registered number: 08610628 (England and Wales)





Accountants: Wylie Ruddell
Chartered Accountants
Armagh Business Centre
2 Loughgall Road
Armagh
BT61 7NH

Plural Thinking Limited (Registered number: 08610628)

Statement of Financial Position
31 July 2023

2023 2022
Notes £ £
Fixed assets
Property, plant and equipment 4 1,810 346

Current assets
Receivables 5 269,725 131,666
Cash at bank 251,571 215,997
521,296 347,663
Payables
Amounts falling due within one year 6 (249,048 ) (196,586 )
Net current assets 272,248 151,077
Total assets less current liabilities 274,058 151,423

Payables
Amounts falling due after more than one
year

7

(19,796

)

(29,782

)

Provisions for liabilities 8 (453 ) (66 )
Net assets 253,809 121,575

Capital and reserves
Called up share capital 9 100 100
Retained earnings 253,709 121,475
Shareholders' funds 253,809 121,575

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

In accordance with Section 444 of the Companies Act 2006, the Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 October 2023 and were signed by:




Mr Brett Templeton - Director


Plural Thinking Limited (Registered number: 08610628)

Notes to the Financial Statements
for the Year Ended 31 July 2023


1. Statutory information

Plural Thinking Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Accounting policies

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

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

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities.

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.

Receivables
Short term receivables 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.

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.

Plural Thinking Limited (Registered number: 08610628)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023


2. Accounting policies - continued

Payables
Short term payables 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.

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. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.

Provisions for liabilities
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation. Provisions are charged as an expense to the Statement of Income and Retained Earnings in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Statement of Financial Position date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.

Critical accounting judgements and key sources of estimation uncertainty
In the director's opinion there are no accounting policies which require estimations or uncertainties included within the financial statements.

3. Employees and directors

The average number of employees during the year was 3 (2022 - 3 ) .

4. Property, plant and equipment
Fixtures
and
fittings
£
Cost
At 1 August 2022 17,516
Additions 1,948
Disposals (6,892 )
At 31 July 2023 12,572
Depreciation
At 1 August 2022 17,170
Charge for year 484
Eliminated on disposal (6,892 )
At 31 July 2023 10,762
Net book value
At 31 July 2023 1,810
At 31 July 2022 346

5. Receivables less than one year
2023 2022
£ £
Trade receivables 248,921 128,516
Other receivables 20,804 3,150
269,725 131,666

Plural Thinking Limited (Registered number: 08610628)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023


6. Payables less than one year
2023 2022
£ £
Bank loans 10,015 9,767
Trade creditors 21,969 43,451
Taxation and social security 117,810 62,369
Other payables 99,254 80,999
249,048 196,586

7. Payables more than one year
2023 2022
£ £
Bank loans 19,796 29,782

8. Provisions for liabilities
2023 2022
£ £
Deferred tax
Accelerated capital allowances 453 66

Deferred tax
£
Balance at 1 August 2022 66
Charge to Statement of income and retained earnings during year 387
Balance at 31 July 2023 453

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
90 Ordinary Shares 1 90 90
10 A Ordinary Shares 1 10 10
100 100

10. Director's advances, credits and guarantees

The following loans to the company from a director subsisted during the years ended 31 July 2023 and 31 July 2022:

2023 2022
£ £
Mr Brett Templeton
Balance outstanding at start of year 70,727 112,183
Amounts advanced 91,699 90,054
Amounts repaid (101,338 ) (131,510 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 61,088 70,727