Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 09535146 C J Hudson T G Lewko iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09535146 2022-12-31 09535146 2023-12-31 09535146 2023-01-01 2023-12-31 09535146 frs-core:CurrentFinancialInstruments 2023-12-31 09535146 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-01-01 2023-12-31 09535146 frs-core:NetGoodwill 2023-12-31 09535146 frs-core:NetGoodwill 2023-01-01 2023-12-31 09535146 frs-core:NetGoodwill 2022-12-31 09535146 frs-core:OtherResidualIntangibleAssets 2023-12-31 09535146 frs-core:OtherResidualIntangibleAssets 2022-12-31 09535146 frs-core:SharePremium 2023-12-31 09535146 frs-core:ShareCapital 2023-12-31 09535146 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 09535146 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09535146 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 09535146 frs-bus:SmallEntities 2023-01-01 2023-12-31 09535146 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09535146 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09535146 frs-bus:OrdinaryShareClass1 2023-01-01 2023-12-31 09535146 frs-bus:OrdinaryShareClass1 2023-12-31 09535146 frs-bus:Director1 2023-01-01 2023-12-31 09535146 frs-bus:Director2 2023-01-01 2023-12-31 09535146 frs-core:CurrentFinancialInstruments 1 2023-12-31 09535146 frs-core:CurrentFinancialInstruments 2 2023-12-31 09535146 frs-countries:EnglandWales 2023-01-01 2023-12-31 09535146 2021-12-31 09535146 2022-12-31 09535146 2022-01-01 2022-12-31 09535146 frs-core:CurrentFinancialInstruments 2022-12-31 09535146 frs-core:SharePremium 2022-12-31 09535146 frs-core:ShareCapital 2022-12-31 09535146 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 09535146 frs-bus:OrdinaryShareClass1 2022-01-01 2022-12-31 09535146 frs-core:CurrentFinancialInstruments 1 2022-12-31 09535146 frs-core:CurrentFinancialInstruments 2 2022-12-31
Registered number: 09535146
Thinking Dimensions Global (PTY) Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09535146
2023 2022
Notes $ $ $ $
FIXED ASSETS
Intangible Assets 4 1,050,000 1,050,000
1,050,000 1,050,000
CURRENT ASSETS
Debtors 5 40,833 36,312
Cash at bank and in hand 75,482 84,059
116,315 120,371
Creditors: Amounts Falling Due Within One Year 6 (43,847 ) (48,748 )
NET CURRENT ASSETS (LIABILITIES) 72,468 71,623
TOTAL ASSETS LESS CURRENT LIABILITIES 1,122,468 1,121,623
NET ASSETS 1,122,468 1,121,623
CAPITAL AND RESERVES
Called up share capital 7 100 100
Share premium account 1,049,900 1,049,900
Profit and Loss Account 72,468 71,623
SHAREHOLDERS' FUNDS 1,122,468 1,121,623
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For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
C J Hudson
Director
09/09/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Thinking Dimensions Global (PTY) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09535146 . The registered office is Ground Floor Marlborough House, 298 Regents Park Road, London, N3 2SZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
The presentation currency of the financial statements is the US Dollar ($). 
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
The directors consider the value of goodwill to be fair and no amortisation is required.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
The directors have valued the Intellectual Property, for patents and licences, at $350,000 which they consider to be a fair value. Since this should not fall in value, so no amortisation will be applied to this amount.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
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3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 2 2
2 2
4. Intangible Assets
Goodwill Other Total
$ $ $
Cost
As at 1 January 2023 700,000 350,000 1,050,000
As at 31 December 2023 700,000 350,000 1,050,000
Net Book Value
As at 31 December 2023 700,000 350,000 1,050,000
As at 1 January 2023 700,000 350,000 1,050,000
5. Debtors
2023 2022
$ $
Due within one year
Trade debtors 40,351 35,260
Other debtors - 645
VAT 482 407
40,833 36,312
6. Creditors: Amounts Falling Due Within One Year
2023 2022
$ $
Trade creditors - 6,381
Bank loans and overdrafts - 367
Other creditors 30,000 -
Loan - John Hudson 12,631 -
Barclaycard CC GBP 1,216 -
Accruals and deferred income - 42,000
43,847 48,748
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7. Share Capital
2023 2022
Allotted, called up and fully paid $ $
1,000 Ordinary Shares of £ 0.10 each 100 100
8. Related Party Transactions
At the balance sheet date C J Hudson owed by the company for $12,632. This loan is interest free, of no fixed term and repayable on demand.
The shareholders are the ultimate controlling parties of the business.
9. Taxation
The company has carried forward losses of $10,523 (2022: $41,368) which it can use against future taxable profit.
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