Registered number
06419980
Think Dog Limited
Unaudited Filleted Accounts
31 December 2021
Think Dog Limited
Registered number: 06419980
Balance Sheet
as at 31 December 2021
Notes 2021 2020
£ £
Fixed assets
Intangible assets 3 44,851 56,811
Tangible assets 4 363 932
45,214 57,743
Current assets
Debtors 5 1,243 931
Cash at bank and in hand 38,104 42,547
39,347 43,478
Creditors: amounts falling due within one year 6 (13,234) (61,660)
Net current assets/(liabilities) 26,113 (18,182)
Total assets less current liabilities 71,327 39,561
Provisions for liabilities - (177)
Net assets 71,327 39,384
Capital and reserves
Called up share capital 100 100
Profit and loss account 71,227 39,284
Shareholder's funds 71,327 39,384
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Sarah Whitehead
Director
Approved by the board on 13 September 2022
Think Dog Limited
Notes to the Accounts
for the year ended 31 December 2021
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 3 or 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2021 2020
Number Number
Average number of persons employed by the company - 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2021 119,601
At 31 December 2021 119,601
Amortisation
At 1 January 2021 62,790
Provided during the year 11,960
At 31 December 2021 74,750
Net book value
At 31 December 2021 44,851
At 31 December 2020 56,811
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2021 15,527
Additions 250
At 31 December 2021 15,777
Depreciation
At 1 January 2021 14,595
Charge for the year 819
At 31 December 2021 15,414
Net book value
At 31 December 2021 363
At 31 December 2020 932
5 Debtors 2021 2020
£ £
Trade debtors 693 -
Other debtors 550 931
1,243 931
6 Creditors: amounts falling due within one year 2021 2020
£ £
Corporation tax 10,855 4,013
Other taxes and social security costs - 3,854
Other creditors 2,379 53,793
13,234 61,660
7 Related party transactions
During the year remuneration of £nil (2020: £2,949), dividends of £2,000 (2020: £nil) and interest of £2,021 (2020: £4,629) was paid to the director, Sarah Whitehead.
8 Controlling party
The company is controlled by the director, Sarah Whitehead.
9 Other information
Think Dog Limited is a private company limited by shares and incorporated in England. Its registered office is:
The Beehive
Russells Water
Henley-on-Thames
Oxfordshire
RG9 6ER
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