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REGISTERED NUMBER: SC573384 (Scotland)















THINK SHARE LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023






THINK SHARE LIMITED (REGISTERED NUMBER: SC573384)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 August 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THINK SHARE LIMITED

COMPANY INFORMATION
For The Year Ended 31 August 2023







DIRECTOR: A R Hodges





REGISTERED OFFICE: 8-10 Corn Exchange Road
Stirling
United Kingdom
FK8 2HX





REGISTERED NUMBER: SC573384 (Scotland)





ACCOUNTANTS: Benham Conway & Co
16 Royal Crescent
Glasgow
G3 7SL

THINK SHARE LIMITED (REGISTERED NUMBER: SC573384)

BALANCE SHEET
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,487 -
Tangible assets 5 7,537 5,492
9,024 5,492

CURRENT ASSETS
Debtors 6 62,723 53,801
Cash at bank 51,149 52,218
113,872 106,019
CREDITORS
Amounts falling due within one year 7 69,953 54,213
NET CURRENT ASSETS 43,919 51,806
TOTAL ASSETS LESS CURRENT
LIABILITIES

52,943

57,298

CREDITORS
Amounts falling due after more than one
year

8

11,477

17,812
NET ASSETS 41,466 39,486

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 41,465 39,485
SHAREHOLDERS' FUNDS 41,466 39,486

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 director acknowledges his 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 SHARE LIMITED (REGISTERED NUMBER: SC573384)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 February 2024 and were signed by:





A R Hodges - Director


THINK SHARE LIMITED (REGISTERED NUMBER: SC573384)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 August 2023


1. STATUTORY INFORMATION

Think Share Limited is a private company, limited by shares , registered in Scotland. 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 represents services provided in the year excluding value added tax.

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.

Domain name are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on cost

Government grants
Government grants in respect of revenue expenditure are credited to the profit and loss account in the period to which they relate.

Financial instruments
Basic financial liabilities, including trade and other payables, bank loans and other loans that are classified as debt, are initially recognised at transaction price and are subsequently carried at amortised cost, using the effective interest rate method.

Taxation
Taxation for the year comprises current 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 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.

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

Leasing
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over
the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 6 ) .

THINK SHARE LIMITED (REGISTERED NUMBER: SC573384)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 August 2023


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 1,652
At 31 August 2023 1,652
AMORTISATION
Charge for year 165
At 31 August 2023 165
NET BOOK VALUE
At 31 August 2023 1,487

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022 12,314
Additions 5,914
Disposals (3,958 )
At 31 August 2023 14,270
DEPRECIATION
At 1 September 2022 6,822
Charge for year 3,765
Eliminated on disposal (3,854 )
At 31 August 2023 6,733
NET BOOK VALUE
At 31 August 2023 7,537
At 31 August 2022 5,492

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 51,255 50,236
Other debtors 11,468 3,565
62,723 53,801

THINK SHARE LIMITED (REGISTERED NUMBER: SC573384)

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
£    £   
Bank loans and overdrafts 6,337 6,179
Trade creditors 1,994 7,149
Taxation and social security 32,972 21,789
Other creditors 28,650 19,096
69,953 54,213

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
Bank loans 11,477 17,812

9. OTHER FINANCIAL COMMITMENTS

At 31 August 2023 the company was committed to making total payments under non-cancellable operating leases of £4,045 (2022, £13,751).