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Think Tank Creative Design Limited
Registered Number:06544290
For the year ended 31 March 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2023
Think Tank Creative Design Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
06544290
As at 31 March 2023
Think Tank Creative Design Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
3,551
4,178
3
3,551
4,178
Current assets
Trade and other receivables
8,432
9,985
4
33
Cash and cash equivalents
33
10,018
8,465
Trade and other payables: amounts falling due within one
year
(29,183)
(31,360)
5
(20,718)
(21,342)
Net current liabilities
Total assets less current liabilities
(17,791)
(16,540)
(17,791)
Net liabilities
(16,540)
Capital and reserves
Called up share capital
100
100
Retained earnings
(17,891)
(16,640)
(17,791)
(16,540)
Shareholders' funds
For the year ended 31 March 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 of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mrs Jayne West Director
These financial statements were approved and authorised for issue by the Board on 20 September 2023 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 March 2023
Think Tank Creative Design Limited
Notes to the Financial Statements
Statutory Information
Think Tank Creative Design Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 06544290.
Registered address:
Pinfold Cottage Pinfold Lane
Fishlake
Doncaster
South Yorkshire
DN7 5LA
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of 10 years.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
15% Reducing balance
Computer equipment
15% Reducing balance
Fixtures and fittings
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 April 2022
93,750
At 31 March 2023
93,750
Amortisation
At 01 April 2022
93,750
At 31 March 2023
93,750
Net book value
At 31 March 2023
-
At 31 March 2022
-
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5
For the year ended 31 March 2023
Think Tank Creative Design Limited
Notes to the Financial Statements Continued
3. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
£
£
£
Cost or
valuation
At 01 April 2022
12,453
12,123
330
At 31 March 2023
330
12,123
12,453
Provision for depreciation and impairment
At 01 April 2022
8,275
7,979
296
Charge for year
627
622
5
At 31 March 2023
8,902
8,601
301
At 31 March 2023
Net book value
29
3,522
3,551
At 31 March 2022
34
4,144
4,178
4. Trade and other receivables
2022
2023
£
£
Trade debtors
9,985
8,432
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
15,149
19,059
Trade creditors
398
482
Taxation and social security
12,305
8,393
Other creditors
3,508
1,249
31,360
29,183
6. Average number of persons employed
During the year the average number of employees was 3 (2022 : 3)
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