Company Registration No. 09747919 (England and Wales)
Think Big Technical Services Limited
Unaudited accounts
for the year ended 31 August 2024
Think Big Technical Services Limited
Unaudited accounts
Contents
Think Big Technical Services Limited
Company Information
for the year ended 31 August 2024
Directors
Michael Richard Darling
Ian Dennis Posnett
Richard Whitten Salter
Company Number
09747919 (England and Wales)
Registered Office
W W Martin Ltd
Dane Park Road
Ramsgate
Kent
CT11 7LT
England
Accountants
Step Stone Accountancy Limited
240 Reculver Road
Herne Bay
Kent
CT6 6QR
Think Big Technical Services Limited
Statement of financial position
as at 31 August 2024
Cash at bank and in hand
105,696
102,897
Creditors: amounts falling due within one year
(95,611)
(68,987)
Net current assets
99,566
69,198
Total assets less current liabilities
103,290
69,198
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
102,483
69,098
Shareholders' funds
102,583
69,198
For the year ending 31 August 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 October 2024 and were signed on its behalf by
Ian Dennis Posnett
Director
Company Registration No. 09747919
Think Big Technical Services Limited
Notes to the Accounts
for the year ended 31 August 2024
Think Big Technical Services Limited is a private company, limited by shares, registered in England and Wales, registration number 09747919. The registered office is W W Martin Ltd, Dane Park Road, Ramsgate, Kent, CT11 7LT, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Tangible fixed assets and depreciation
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
3 years
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Think Big Technical Services Limited
Notes to the Accounts
for the year ended 31 August 2024
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Tangible fixed assets
Computer equipment
Amounts falling due within one year
Trade debtors
63,656
29,537
Accrued income and prepayments
25,595
5,561
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
27,705
9,336
Taxes and social security
13,470
14,192
Other creditors
2,855
19,650
Deferred income
26,396
2,245
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Average number of employees
During the year the average number of employees was 6 (2023: 6).