IRIS Accounts Production v24.2.0.383 SC482883 Board of Directors Board of Directors 1.2.23 31.1.24 31.1.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC4828832023-01-31SC4828832024-01-31SC4828832023-02-012024-01-31SC4828832022-01-31SC4828832022-02-012023-01-31SC4828832023-01-31SC482883ns15:Scotland2023-02-012024-01-31SC482883ns14:PoundSterling2023-02-012024-01-31SC482883ns10:Director12023-02-012024-01-31SC482883ns10:Director22023-02-012024-01-31SC482883ns10:PrivateLimitedCompanyLtd2023-02-012024-01-31SC482883ns10:SmallEntities2023-02-012024-01-31SC482883ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-31SC482883ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-31SC482883ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-31SC482883ns10:FullAccounts2023-02-012024-01-31SC48288312023-02-012024-01-31SC482883ns10:OrdinaryShareClass12023-02-012024-01-31SC482883ns10:RegisteredOffice2023-02-012024-01-31SC482883ns5:CurrentFinancialInstruments2024-01-31SC482883ns5:CurrentFinancialInstruments2023-01-31SC482883ns5:Non-currentFinancialInstruments2024-01-31SC482883ns5:Non-currentFinancialInstruments2023-01-31SC482883ns5:ShareCapital2024-01-31SC482883ns5:ShareCapital2023-01-31SC482883ns5:RetainedEarningsAccumulatedLosses2024-01-31SC482883ns5:RetainedEarningsAccumulatedLosses2023-01-31SC482883ns5:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-31SC482883ns5:PatentsTrademarksLicencesConcessionsSimilar2023-02-012024-01-31SC482883ns5:ComputerEquipment2023-02-012024-01-31SC482883ns5:PatentsTrademarksLicencesConcessionsSimilar2023-01-31SC482883ns5:PatentsTrademarksLicencesConcessionsSimilar2024-01-31SC482883ns5:PatentsTrademarksLicencesConcessionsSimilar2023-01-31SC482883ns5:ComputerEquipment2023-01-31SC482883ns5:ComputerEquipment2024-01-31SC482883ns5:ComputerEquipment2023-01-31SC482883ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-31SC482883ns5:WithinOneYearns5:CurrentFinancialInstruments2023-01-31SC482883ns10:OrdinaryShareClass12024-01-31
REGISTERED NUMBER: SC482883 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JANUARY 2024

FOR

PLING LTD

PLING LTD (REGISTERED NUMBER: SC482883)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PLING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2024







DIRECTORS: Dr A Manches
Z Mohmed





REGISTERED OFFICE: 1 Ratho Steading
Ratho
Edinburgh
EH28 8TF





REGISTERED NUMBER: SC482883 (Scotland)





ACCOUNTANTS: Parkers
Cornelius House
178-180 Church Road
Hove
East Sussex
BN3 2DJ

PLING LTD (REGISTERED NUMBER: SC482883)

BALANCE SHEET
31ST JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 608 780
Tangible assets 5 - -
608 780

CURRENT ASSETS
Debtors 6 3,106 3,168
Cash at bank 31 938
3,137 4,106
CREDITORS
Amounts falling due within one year 7 9,076 9,758
NET CURRENT LIABILITIES (5,939 ) (5,652 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(5,331

)

(4,872

)

CREDITORS
Amounts falling due after more than one
year

8

27,471

26,229
NET LIABILITIES (32,802 ) (31,101 )

CAPITAL AND RESERVES
Called up share capital 9 36,106 36,106
Retained earnings (68,908 ) (67,207 )
SHAREHOLDERS' FUNDS (32,802 ) (31,101 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

PLING LTD (REGISTERED NUMBER: SC482883)

BALANCE SHEET - continued
31ST JANUARY 2024


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 Board of Directors and authorised for issue on 27th November 2024 and were signed on its behalf by:




Dr A Manches - Director



Z Mohmed - Director


PLING LTD (REGISTERED NUMBER: SC482883)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024

1. STATUTORY INFORMATION

Pling Ltd is a private company, limited by shares , registered in Scotland. 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.

The financial statements have been prepared on the going concern basis due to the continued support of the directors.

Significant judgements and estimates
No significant judgements have had to be made by the directors in preparing these financial statements.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Grants
Grants received are released to profit and loss account as other operating income over the life of the project being funded.

PLING LTD (REGISTERED NUMBER: SC482883)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2024

2. ACCOUNTING POLICIES - continued

Impairment of non-financial assets
At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets, which is the higher of value in use and the fair value less cost to sell, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1st February 2023
and 31st January 2024 1,717
AMORTISATION
At 1st February 2023 937
Amortisation for year 172
At 31st January 2024 1,109
NET BOOK VALUE
At 31st January 2024 608
At 31st January 2023 780

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1st February 2023
and 31st January 2024 1,655
DEPRECIATION
At 1st February 2023
and 31st January 2024 1,655
NET BOOK VALUE
At 31st January 2024 -
At 31st January 2023 -

PLING LTD (REGISTERED NUMBER: SC482883)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 579 641
Other debtors 2,527 2,527
3,106 3,168

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,000 1,000
Trade creditors 7,476 8,265
Taxation and social security 192 84
Other creditors 408 409
9,076 9,758

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 27,471 26,229

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
36,106 Ordinary £1 36,106 36,106