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REGISTERED NUMBER: 04109488 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Think Employment Limited

Think Employment Limited (Registered number: 04109488)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Think Employment Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: R W R Hallam
Mrs H J Wild-Hallam





SECRETARY: Ms A Dennehy





REGISTERED OFFICE: Provincial House
140 Victoria Street
Grimsby
North East Lincolnsh
DN31 1NX





REGISTERED NUMBER: 04109488 (England and Wales)





ACCOUNTANTS: Cantelowes Ltd
15 Bowling Green Lane
London
EC1R 0BD

Think Employment Limited (Registered number: 04109488)

Statement of Financial Position
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 21,962 514,813
Investments 6 9,978 6,074
31,941 520,888

CURRENT ASSETS
Stocks - 37,151
Debtors 7 837,005 694,327
Cash at bank and in hand 200,544 66,878
1,037,549 798,356
CREDITORS
Amounts falling due within one year 8 193,456 109,428
NET CURRENT ASSETS 844,093 688,928
TOTAL ASSETS LESS CURRENT
LIABILITIES

876,034

1,209,816

CREDITORS
Amounts falling due after more than one year 9 - 353,476
NET ASSETS 876,034 856,340

CAPITAL AND RESERVES
Called up share capital 53 53
Capital redemption reserve 50 50
Retained earnings 875,931 856,237
876,034 856,340

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 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.

Think Employment Limited (Registered number: 04109488)

Statement of Financial Position - continued
31 July 2023


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 6 March 2024 and were signed on its behalf by:





R W R Hallam - Director


Think Employment Limited (Registered number: 04109488)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Think Employment Limited is a private company, limited by shares , registered in England and Wales. 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investments in associates
Investments in associate undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Think Employment Limited (Registered number: 04109488)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

2. ACCOUNTING POLICIES - continued

Going concern
As with most business we have been impacted by the Coronavirus (Covid 19). This has had an impact on our operations, customer, suppliers, and staff. We have (where appropriate) utilised the grant and benefit available for the Government and are taking steps we can to protect the future of our business. Although the total impact is still uncertain the directors believe that it is appropriate to prepare the accounts on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2022 - 47 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 7,000
AMORTISATION
At 1 August 2022
and 31 July 2023 6,999
NET BOOK VALUE
At 31 July 2023 1
At 31 July 2022 1

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2022 491,933 54,996 546,929
Additions - 9,266 9,266
Disposals (491,933 ) (7,470 ) (499,403 )
At 31 July 2023 - 56,792 56,792
DEPRECIATION
At 1 August 2022 - 32,116 32,116
Charge for year - 10,183 10,183
Eliminated on disposal - (7,469 ) (7,469 )
At 31 July 2023 - 34,830 34,830
NET BOOK VALUE
At 31 July 2023 - 21,962 21,962
At 31 July 2022 491,933 22,880 514,813

Think Employment Limited (Registered number: 04109488)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

6. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 August 2022 6,074
Additions 3,904
At 31 July 2023 9,978
NET BOOK VALUE
At 31 July 2023 9,978
At 31 July 2022 6,074

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 457,862 660,895
Other debtors 379,143 33,432
837,005 694,327

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 20,651 6,507
Taxation and social security 76,526 1,555
Other creditors 96,279 101,366
193,456 109,428

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors - 353,476

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

2023 2022
£    £   
R W R Hallam
Balance outstanding at start of year 1,635 (909 )
Amounts advanced 183,664 193,418
Amounts repaid (235,804 ) (190,874 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (50,505 ) 1,635