2022-06-012023-05-312023-05-31false07246253THINQ DYNAMIQ 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THINQ DYNAMIQ LTD

Registered Number
07246253
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2023

THINQ DYNAMIQ LTD
Company Information
for the year from 1 June 2022 to 31 May 2023

Directors

Neel Surendra Pradhan
Swati Neel Pradhan

Registered Address

Skn Business Centre
1 Guildford Street
Birmingham
B19 2HN

Place of Business


Registered Number

07246253 (England and Wales)
THINQ DYNAMIQ LTD
Balance Sheet as at
31 May 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets342,22947,228
Investments20,00020,000
62,22967,228
Current assets
Debtors10,00010,000
Cash at bank and on hand50,528102,500
60,528112,500
Creditors amounts falling due within one year5(37,100)(53,203)
Net current assets (liabilities)23,42859,297
Total assets less current liabilities85,657126,525
Creditors amounts falling due after one year6(27,997)(34,869)
Net assets57,66091,656
Capital and reserves
Called up share capital100100
Profit and loss account57,56091,556
Shareholders' funds57,66091,656
The financial statements were approved and authorised for issue by the Board of Directors on 7 February 2024, and are signed on its behalf by:
Neel Surendra Pradhan
Director
Registered Company No. 07246253
THINQ DYNAMIQ LTD
Notes to the Financial Statements
for the year ended 31 May 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
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.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Fixtures and fittings20
Vehicles10
Office Equipment20
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Trade and other 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.
Trade and other 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.
2.Average number of employees

20232022
Average number of employees during the year22
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 June 2291,126
At 31 May 2391,126
Depreciation and impairment
At 01 June 2243,899
Charge for year4,998
At 31 May 2348,897
Net book value
At 31 May 2342,229
At 31 May 2247,228
4.Debtors: amounts due within one year

2023

2022

££
Other debtors10,00010,000
Total10,00010,000
5.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables18,23043,987
Taxation and social security18,8707,181
Other creditors-2,035
Total37,10053,203
6.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts27,99734,869
Total27,99734,869