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REGISTERED NUMBER: 09751593 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

Think Inspire & Create Limited

Think Inspire & Create Limited (Registered number: 09751593)






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




Page

Company Information 1

Chartered Certified Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Think Inspire & Create Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: Mrs H Monks
Miss H Monks





REGISTERED OFFICE: 30 Bankside Court
Stationfields
Kidlington
Oxford
OX5 1JE





REGISTERED NUMBER: 09751593 (England and Wales)





ACCOUNTANTS: Chapman Robinson and Moore Limited
30 Bankside Court
Stationfields
Kidlington
Oxford
OX5 1JE

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Think Inspire & Create Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Profit and Loss Account and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Think Inspire & Create Limited for the year ended 31 August 2023 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Think Inspire & Create Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Think Inspire & Create Limited and state those matters that we have agreed to state to the Board of Directors of Think Inspire & Create Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Think Inspire & Create Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Think Inspire & Create Limited. You consider that Think Inspire & Create Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Think Inspire & Create Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Chapman Robinson and Moore Limited
30 Bankside Court
Stationfields
Kidlington
Oxford
OX5 1JE


Date: .............................................

Think Inspire & Create Limited (Registered number: 09751593)

Balance Sheet
31 August 2023

31/8/23 31/8/22
Notes £    £   
FIXED ASSETS
Tangible assets 4 5,359 8,130

CURRENT ASSETS
Debtors 5 3,666 13,023
Financial instruments 8 35,587 -
Cash at bank 90,833 149,814
130,086 162,837
CREDITORS
Amounts falling due within one year 7 (7,968 ) (45,043 )
NET CURRENT ASSETS 122,118 117,794
TOTAL ASSETS LESS CURRENT
LIABILITIES

127,477

125,924

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 127,377 125,824
127,477 125,924

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Inspire & Create Limited (Registered number: 09751593)

Balance Sheet - continued
31 August 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 February 2024 and were signed on its behalf by:





Mrs H Monks - Director


Think Inspire & Create Limited (Registered number: 09751593)

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

1. STATUTORY INFORMATION

Think Inspire & Create 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 10% on cost
Plant and machinery etc - 25% on cost

Financial instruments
During the year the company entered into a convertible loan agreement to loan 40,000 CHF. The loan maturity date is 31st December 2024 at which point there will be a conversion into shares.

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

Current 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 balance sheet date.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 6 ) .

Think Inspire & Create Limited (Registered number: 09751593)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2022 3,322 9,576 12,898
Additions - 1,155 1,155
Disposals - (4,579 ) (4,579 )
At 31 August 2023 3,322 6,152 9,474
DEPRECIATION
At 1 September 2022 996 3,772 4,768
Charge for year 332 1,538 1,870
Eliminated on disposal - (2,523 ) (2,523 )
At 31 August 2023 1,328 2,787 4,115
NET BOOK VALUE
At 31 August 2023 1,994 3,365 5,359
At 31 August 2022 2,326 5,804 8,130

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/23 31/8/22
£    £   
Trade debtors 40 10,080
Other debtors 3,626 2,943
3,666 13,023

6. CURRENT ASSET INVESTMENTS

** ERROR - FINANCIAL INSTRUMENTS EXIST. AN AMOUNT FOR CURRENT ASSET INVESTMENTS HAS BEEN ENTERED ON THE CLIENT SCREEN PRESENTATION OPTIONS - BALANCE SHEET - FINANCIAL INSTRUMENTS. THE REPLACEMENT NOTE ON THE CLIENT SCREEN NOTES TO THE FINANCIAL STATEMENTS - BALANCE SHEET ITEMS - CURRENT ASSET INVESTMENTS - ADDITIONAL/REPLACEMENT NOTE ETC MUST BE USED TO SHOW THE REVISED INFORMATION.

Think Inspire & Create Limited (Registered number: 09751593)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/23 31/8/22
£    £   
Trade creditors 2,429 9,523
Taxation and social security 1,927 25,712
Other creditors 3,612 9,808
7,968 45,043

8. FINANCIAL INSTRUMENTS

During the year the company entered into a convertible loan agreement to loan 40,000 CHF. The loan maturity date is 31st December 2024 at which point there will be a conversion into shares.