THINK AUTOMOTIVE LIMITED

Company Registration Number:
00909628 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

THINK AUTOMOTIVE LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

THINK AUTOMOTIVE LIMITED

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Tangible assets: 3 1,038,704 1,053,932
Investments: 4 502,548 493,637
Total fixed assets: 1,541,252 1,547,569
Current assets
Stocks: 1,262,588 1,197,127
Debtors:   477,711 353,961
Cash at bank and in hand: 552,952 681,255
Total current assets: 2,293,251 2,232,343
Creditors: amounts falling due within one year:   (359,428) (309,130)
Net current assets (liabilities): 1,933,823 1,923,213
Total assets less current liabilities: 3,475,075 3,470,782
Provision for liabilities: (45,007) (38,576)
Total net assets (liabilities): 3,430,068 3,432,206
Capital and reserves
Called up share capital: 1,000 1,000
Revaluation reserve:51,9110
Profit and loss account: 3,427,157 3,431,206
Shareholders funds: 3,430,068 3,432,206

The notes form part of these financial statements

THINK AUTOMOTIVE LIMITED

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 22 July 2024
and signed on behalf of the board by:

Name: Mr R J Potter
Status: Director

The notes form part of these financial statements

THINK AUTOMOTIVE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

THINK AUTOMOTIVE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 18 20

THINK AUTOMOTIVE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible Assets

Total
Cost £
At 01 April 2023 1,561,188
Additions 46,720
At 31 March 2024 1,607,908
Depreciation
At 01 April 2023 507,256
Charge for year 61,948
At 31 March 2024 569,204
Net book value
At 31 March 2024 1,038,704
At 31 March 2023 1,053,932

THINK AUTOMOTIVE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Fixed investments

The market value of the listed investments at 31 March 2024 was £502,548 (2023 - £493,637).

THINK AUTOMOTIVE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Revaluation reserve

2024
£
Balance at 01 April 2023 0
Surplus or deficit after revaluation 1,911
Balance at 31 March 2024 1,911