THINK WEALTH LIMITED

Company Registration Number:
07461359 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

THINK WEALTH LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

THINK WEALTH LIMITED

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Fixed assets
Intangible assets: 3 309,564 309,564
Tangible assets: 4 2,430 4,269
Total fixed assets: 311,994 313,833
Current assets
Debtors:   148,082 147,517
Cash at bank and in hand: 2,608,336 1,848,057
Investments:   187,165 647,512
Total current assets: 2,943,583 2,643,086
Creditors: amounts falling due within one year:   (210,543) (223,686)
Net current assets (liabilities): 2,733,040 2,419,400
Total assets less current liabilities: 3,045,034 2,733,233
Total net assets (liabilities): 3,045,034 2,733,233
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 3,045,033 2,733,232
Shareholders funds: 3,045,034 2,733,233

The notes form part of these financial statements

THINK WEALTH LIMITED

Balance sheet statements

For the year ending 31 December 2023 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 20 September 2024
and signed on behalf of the board by:

Name: Bilal Patel
Status: Director

The notes form part of these financial statements

THINK WEALTH LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

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

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

Tangible fixed assets and depreciation policy

Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Computer equipment 20% straight line

Intangible fixed assets and amortisation policy

Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.

THINK WEALTH LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 7 7

THINK WEALTH LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Intangible Assets

Total
Cost £
At 01 January 2023 534,564
At 31 December 2023 534,564
Amortisation
At 01 January 2023 225,000
At 31 December 2023 225,000
Net book value
At 31 December 2023 309,564
At 31 December 2022 309,564

THINK WEALTH LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Tangible Assets

Total
Cost £
At 01 January 2023 38,532
At 31 December 2023 38,532
Depreciation
At 01 January 2023 34,263
Charge for year 1,839
At 31 December 2023 36,102
Net book value
At 31 December 2023 2,430
At 31 December 2022 4,269