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REGISTERED NUMBER: 12963921 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Think Gene Ltd

Think Gene Ltd (Registered number: 12963921)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Think Gene Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr K J P Gould





REGISTERED OFFICE: 18 Hollyhock Way
Biggleswade
Bedfordshire
SG18 8YQ





REGISTERED NUMBER: 12963921 (England and Wales)





ACCOUNTANTS: Haines Watts
Military House
24 Castle Street
Chester
Cheshire
CH1 2DS

Think Gene Ltd (Registered number: 12963921)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,399 1,783

CURRENT ASSETS
Debtors 5 661 661
Cash at bank 24,690 33,726
25,351 34,387
CREDITORS
Amounts falling due within one year 6 1,440 2,064
NET CURRENT ASSETS 23,911 32,323
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,310

34,106

PROVISIONS FOR LIABILITIES 456 339
NET ASSETS 25,854 33,767

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 25,852 33,765
SHAREHOLDERS' FUNDS 25,854 33,767

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 Gene Ltd (Registered number: 12963921)

Balance Sheet - continued
31 March 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 September 2024 and were signed by:





Mr K J P Gould - Director


Think Gene Ltd (Registered number: 12963921)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Think Gene Ltd 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.

The financial statements are presented in sterling, which is the functional currency of the company, rounded to the nearest £1.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2023 5,348
Additions 3,598
At 31 March 2024 8,946
DEPRECIATION
At 1 April 2023 3,565
Charge for year 2,982
At 31 March 2024 6,547
NET BOOK VALUE
At 31 March 2024 2,399
At 31 March 2023 1,783

Think Gene Ltd (Registered number: 12963921)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 661 661

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other creditors 1,440 2,064

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
2 Ordinary £1 2 2

8. RELATED PARTY DISCLOSURES

The Director loaned to the company £312 and was repaid £624 in the year. The amount owing to the Director as at 31.03.2024 is £nil ( 2023-£312).

A shareholder loaned to the company £312 and was repaid £624 in the year. The amount owing to the shareholder as at 31.03.2024 is £nil ( 2023-£312).