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REGISTERED NUMBER: 11048197 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

PLURAL AI LIMITED

PLURAL AI LIMITED (REGISTERED NUMBER: 11048197)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


PLURAL AI LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Ms C Rougie





REGISTERED OFFICE: Evolution House
Iceni Court
Delft Way
Norwich
Norfolk
NR6 6BB





REGISTERED NUMBER: 11048197 (England and Wales)





ACCOUNTANTS: Farnell Clarke Limited
Evolution House
Delft Way
Norwich Airport
Norwich
Norfolk
NR6 6BB

PLURAL AI LIMITED (REGISTERED NUMBER: 11048197)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 5,610 3,684

CURRENT ASSETS
Debtors 5 107,652 132,061
Cash at bank 101,945 97,636
209,597 229,697
CREDITORS
Amounts falling due within one year 6 262,429 83,895
NET CURRENT (LIABILITIES)/ASSETS (52,832 ) 145,802
TOTAL ASSETS LESS CURRENT LIABILITIES (47,222 ) 149,486

CREDITORS
Amounts falling due after more than one
year

7

413,960

413,960
NET LIABILITIES (461,182 ) (264,474 )

CAPITAL AND RESERVES
Called up share capital 8 118 118
Share premium 1,152,387 1,152,387
Other reserves 20 20
Retained earnings (1,613,707 ) (1,416,999 )
SHAREHOLDERS' FUNDS (461,182 ) (264,474 )

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

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

The director acknowledges her 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.

PLURAL AI LIMITED (REGISTERED NUMBER: 11048197)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 March 2024 and were signed by:





Ms C Rougie - Director


PLURAL AI LIMITED (REGISTERED NUMBER: 11048197)

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

1. STATUTORY INFORMATION

Plural AI 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.

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.

Going Concern
The accompanying financial statements have been prepared under the assumption that the company will continue as a going concern for a period in excess of 12 months from the date of these reports.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 33% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 2 ) .

PLURAL AI LIMITED (REGISTERED NUMBER: 11048197)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023 759 1,019 11,359 13,137
Additions - 927 6,214 7,141
Disposals - (146 ) (3,576 ) (3,722 )
At 31 December 2023 759 1,800 13,997 16,556
DEPRECIATION
At 1 January 2023 249 724 8,480 9,453
Charge for year 128 514 2,928 3,570
Eliminated on disposal - (140 ) (1,937 ) (2,077 )
At 31 December 2023 377 1,098 9,471 10,946
NET BOOK VALUE
At 31 December 2023 382 702 4,526 5,610
At 31 December 2022 510 295 2,879 3,684

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Other debtors 2,548 41
Directors' current accounts - 7,427
Tax 102,493 119,306
VAT - 2,841
Prepayments 462 2,446
105,503 132,061

Amounts falling due after more than one year:
Trade debtors 2,149 -

Aggregate amounts 107,652 132,061

PLURAL AI LIMITED (REGISTERED NUMBER: 11048197)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 48,766 15,938
Convertible loan note 52,800 52,800
Corporation tax - 2,507
Social security and other taxes 80,993 11,162
Net wages 2,785 -
Pensions Payable 845 587
VAT 28,326 -
Directors' current accounts 47,276 -
Accrued expenses 638 901
262,429 83,895

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Convertible loan notes 413,960 413,960

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
80,000 Ordinary A 0.01p 8 8
23,333 Seed 1 Preferred 0.01p 2 2
241,384 Seed 2 Preferred 0.01p 24 24
842,423 Ordinary 0.01p 84 84
118 118

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Ms C Rougie
Balance outstanding at start of year 7,427 (708 )
Amounts advanced 874 20,239
Amounts repaid (55,577 ) (12,104 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (47,276 ) 7,427

10. ULTIMATE CONTROLLING PARTY

The controlling party and the ultimate controlling party are not known.