ACCOUNTS - Final Accounts

Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-30Provision of caregiving health and wellness services222022-07-01falsetruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12231073 2022-07-01 2023-06-30 12231073 2021-07-01 2022-06-30 12231073 2023-06-30 12231073 2022-06-30 12231073 2021-07-01 12231073 c:Director2 2022-07-01 2023-06-30 12231073 d:CurrentFinancialInstruments 2023-06-30 12231073 d:CurrentFinancialInstruments 2022-06-30 12231073 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 12231073 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 12231073 d:ShareCapital 2023-06-30 12231073 d:ShareCapital 2022-06-30 12231073 d:ShareCapital 2021-07-01 12231073 d:RetainedEarningsAccumulatedLosses 2022-07-01 2023-06-30 12231073 d:RetainedEarningsAccumulatedLosses 2023-06-30 12231073 d:RetainedEarningsAccumulatedLosses 2021-07-01 2022-06-30 12231073 d:RetainedEarningsAccumulatedLosses 2022-06-30 12231073 d:RetainedEarningsAccumulatedLosses 2021-07-01 12231073 c:FRS102 2022-07-01 2023-06-30 12231073 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 12231073 c:FullAccounts 2022-07-01 2023-06-30 12231073 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 12231073 e:PoundSterling 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure

Registered number: 12231073

THRIVING-AI LTD

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2023

THRIVING-AI LTD

REGISTERED NUMBER: 12231073

BALANCE SHEET

AS AT 30 JUNE 2023

		2023		2022
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	1,000		6,000
Cash at bank and in hand		4,124		17,111
		5,124		23,111
Creditors: amounts falling due within one year	5	(56,380)		(36,759)
Net current liabilities			(51,256)		(13,648)
Total assets less current liabilities			(51,256)		(13,648)

Net liabilities			(51,256)		(13,648)

Capital and reserves
Called up share capital	1,000	1,000
Profit and loss account	(52,256)	(14,648)
	(51,256)	(13,648)

The directors consider 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 directors acknowledge their 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 profit and loss account 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 by:

Shainoor Karim Khoja

Director

Date: 19 February 2024

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THRIVING-AI LTD

REGISTERED NUMBER: 12231073

BALANCE SHEET (CONTINUED)

AS AT 30 JUNE 2023

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

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THRIVING-AI LTD

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 30 JUNE 2023

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 1 July 2021	1,000	-	1,000

Loss for the year	-	(14,648)	(14,648)

At 1 July 2022	1,000	(14,648)	(13,648)

Loss for the year	-	(37,608)	(37,608)
At 30 June 2023	1,000	(52,256)	(51,256)

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

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THRIVING-AI LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

1.	General information

Thriving-AI Limited is a private company limited by shares and registered in England and Wales (12231073). The registered address is 52 New Town, Uckfield, East Sussex, TN22 5DE.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Going concern

The financial statements have been prepared on a going concern basis based on the continued support of the company's creditors and financiers which, in the opinion of the directors, the company has for the foreseeable future

2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Profit and Loss Account in the same period as the related expenditure.

2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment.

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.

2.6

Creditors

Short-term creditors are measured at the transaction price.

2.7

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are

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THRIVING-AI LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

2.7

Financial instruments (continued)

initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

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THRIVING-AI LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

Debtors

					2023	2022
					£	£


Trade debtors	-	5,000
Called up share capital not paid	1,000	1,000
	1,000	6,000

5.	Creditors: Amounts falling due within one year
		2023	2022
		£	£

Trade creditors	1,620	-
Amounts owed to group undertakings	52,980	35,139
Accruals and deferred income	1,780	1,620
	56,380	36,759

6.	Related party transactions
	Included in other creditors are interest free loans to the value of £52,980 (2022: £35,138) due to companies under common control.

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