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REGISTERED NUMBER: 09454368 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

KBS Thinking Limited

KBS Thinking Limited (Registered number: 09454368)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KBS Thinking Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: Ms K Brinsmead-Stockham





REGISTERED OFFICE: 175 Graham Road
Flat 3
London
E8 1PD





REGISTERED NUMBER: 09454368 (England and Wales)





ACCOUNTANTS: Wilson Partners Limited
Chartered Accountants
TOR
Saint-Cloud Way
Maidenhead
Berkshire
SL6 8BN

KBS Thinking Limited (Registered number: 09454368)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 15,926 14,788

CURRENT ASSETS
Debtors 5 107,997 6,530
Cash at bank 60,867 161,310
168,864 167,840
CREDITORS
Amounts falling due within one year 6 (54,857 ) (45,773 )
NET CURRENT ASSETS 114,007 122,067
TOTAL ASSETS LESS CURRENT LIABILITIES 129,933 136,855

CREDITORS
Amounts falling due after more than one year 7 (13,814 ) (23,940 )

PROVISIONS FOR LIABILITIES (216 ) -
NET ASSETS 115,903 112,915

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 115,902 112,914
115,903 112,915

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 23 August 2024 and were signed by:





Ms K Brinsmead-Stockham - Director


KBS Thinking Limited (Registered number: 09454368)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

KBS Thinking Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
In the application of the company's accounting policies the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The company does not make significant estimates and assumptions concerning the future.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.
Accrued income refers to revenue that has been earned but not yet received or invoiced. This situation arises when services have been provided or goods have been delivered, but the payment or invoice has not yet been issued.

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

Land is not depreciated.

Tangible fixed assets are included at cost less depreciation and impairment.

Financial instruments
Basic financial instruments are recognised at amortised cost using the effective interest method, except for investments in non-convertible preference and non-puttable preference and ordinary shares, which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value, with changes recognised in profit and loss.

Taxation
Taxation for the year comprises current and deferred 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 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.


KBS Thinking Limited (Registered number: 09454368)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2023 14,788 - 14,788
Additions - 1,171 1,171
At 29 February 2024 14,788 1,171 15,959
DEPRECIATION
Charge for year - 33 33
At 29 February 2024 - 33 33
NET BOOK VALUE
At 29 February 2024 14,788 1,138 15,926
At 28 February 2023 14,788 - 14,788

Included in cost of land and buildings is freehold land of £ 14,788 (2023 - £ 14,788 ) which is not depreciated.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 12,000 2,880
Other debtors 95,997 3,650
107,997 6,530

KBS Thinking Limited (Registered number: 09454368)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 10,183 9,931
Trade creditors - 2
Taxation and social security 31,682 27,891
Other creditors 12,992 7,949
54,857 45,773

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans 13,814 23,940

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

29.2.24 28.2.23
£    £   
Ms K Brinsmead-Stockham
Balance outstanding at start of year (3,107 ) 2
Amounts advanced 118,766 82,020
Amounts repaid (50,386 ) (85,129 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 65,273 (3,107 )

9. ULTIMATE CONTROLLING PARTY

The controlling party is Ms K Brinsmead-Stockham.