Company Registration No. 09771616 (England and Wales)
Think Waste Ltd
Unaudited accounts
for the year ended 30 September 2023
Think Waste Ltd
Company Information
for the year ended 30 September 2023
Directors
Kristian Baird
Amanda Baird
Company Number
09771616 (England and Wales)
Registered Office
9A Albert Street
London
NW1 7LU
United Kingdom
Accountants
Accounts and Legal Consultants Ltd
Suite 1-3
The Hop Exchange
24 Southwark Street
London
SE1 1TY
Think Waste Ltd
Accountants' report
Accountants' report to the board of directors of Think Waste Ltd on the preparation of the unaudited statutory accounts for the year ended 30 September 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Think Waste Ltd for the year ended
30 September 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Think Waste Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Think Waste Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Think Waste Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Think Waste Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Think Waste Ltd. You consider that Think Waste Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Think Waste Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Accounts and Legal Consultants Ltd
Suite 1-3
The Hop Exchange
24 Southwark Street
London
SE1 1TY
30 September 2024
Think Waste Ltd
Statement of financial position
as at 30 September 2023
Tangible assets
26,436
1,437
Cash at bank and in hand
9,882
49,726
Creditors: amounts falling due within one year
(20,224)
(50,729)
Net current liabilities
(9,032)
(1,003)
Called up share capital
2
2
Profit and loss account
17,402
432
Shareholders' funds
17,404
434
For the year ending 30 September 2023 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 30 September 2024 and were signed on its behalf by
Kristian Baird
Director
Company Registration No. 09771616
Think Waste Ltd
Notes to the Accounts
for the year ended 30 September 2023
Think Waste Ltd is a private company, limited by shares, registered in England and Wales, registration number 09771616. The registered office is 9A Albert Street, London, NW1 7LU, United Kingdom.
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.
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
Short term debtors are measured at transaction price, less any impairment. Loans receivables are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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:
Motor vehicles
25% Straight Line
Think Waste Ltd
Notes to the Accounts
for the year ended 30 September 2023
4
Tangible fixed assets
Motor vehicles
At 30 September 2023
33,145
At 30 September 2023
6,709
At 30 September 2023
26,436
At 30 September 2022
1,437
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
-
9,875
Loans from directors
15,128
22,688
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).