Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false2023-04-01IT consultancy services11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08004027 2023-04-01 2024-03-31 08004027 2022-04-01 2023-03-31 08004027 2024-03-31 08004027 2023-03-31 08004027 c:Director1 2023-04-01 2024-03-31 08004027 d:OfficeEquipment 2023-04-01 2024-03-31 08004027 d:OfficeEquipment 2024-03-31 08004027 d:OfficeEquipment 2023-03-31 08004027 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08004027 d:ComputerEquipment 2023-04-01 2024-03-31 08004027 d:ComputerEquipment 2024-03-31 08004027 d:ComputerEquipment 2023-03-31 08004027 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08004027 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08004027 d:CurrentFinancialInstruments 2024-03-31 08004027 d:CurrentFinancialInstruments 2023-03-31 08004027 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 08004027 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08004027 d:ShareCapital 2024-03-31 08004027 d:ShareCapital 2023-03-31 08004027 d:RetainedEarningsAccumulatedLosses 2024-03-31 08004027 d:RetainedEarningsAccumulatedLosses 2023-03-31 08004027 c:FRS102 2023-04-01 2024-03-31 08004027 c:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 08004027 c:FullAccounts 2023-04-01 2024-03-31 08004027 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08004027 2 2023-04-01 2024-03-31 08004027 e:PoundSterling 2023-04-01 2024-03-31 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 2024

 
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 2024

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 2024 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

24 July 2024
Page 1

 
DYNAMIC THINKING LTD
REGISTERED NUMBER: 08004027

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
624

  
-
624

Current assets
  

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

Cash at bank and in hand
 6 
8,002
9,463

  
8,002
28,259

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

Net current assets
  
 
 
7,342
 
 
26,939

Total assets less current liabilities
  
7,342
27,563

  

Net assets
  
7,342
27,563


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
7,242
27,463

  
7,342
27,563


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 24 July 2024.




Shazad Khalil
Director
Page 2

 
DYNAMIC THINKING LTD
REGISTERED NUMBER: 08004027

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024


The notes on pages 4 to 6 form part of these financial statements.

Page 3

 
DYNAMIC THINKING LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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.

Page 4

 
DYNAMIC THINKING LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
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.

 
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

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 (2023 - 1).


4.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 April 2023
329
12,218
12,547



At 31 March 2024

329
12,218
12,547



Depreciation


At 1 April 2023
329
11,594
11,923


Charge for the year on owned assets
-
624
624



At 31 March 2024

329
12,218
12,547



Net book value



At 31 March 2024
-
-
-



At 31 March 2023
-
624
624

Page 5

 
DYNAMIC THINKING LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Other debtors
-
18,796

-
18,796



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
8,002
9,463

8,002
9,463



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Accruals and deferred income
660
1,320

660
1,320



8.


Related party transactions

During the year the director repaid the company £18,781 (2023: £2,000). At the balance sheet date other debtors included £NIL (2023: £18,781) as amounts owed by the director.


Page 6