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Company Registration No. 09771616 (England and Wales)
Think Waste Ltd Unaudited accounts for the year ended 30 September 2023
Think Waste Ltd Unaudited accounts Contents
Page
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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
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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
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Think Waste Ltd Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
26,436 
1,437 
Current assets
Debtors
1,310 
- 
Cash at bank and in hand
9,882 
49,726 
11,192 
49,726 
Creditors: amounts falling due within one year
(20,224)
(50,729)
Net current liabilities
(9,032)
(1,003)
Net assets
17,404 
434 
Capital and reserves
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
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Think Waste Ltd Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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.
Interest
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.
Debtors
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.
Creditors
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
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Think Waste Ltd Notes to the Accounts for the year ended 30 September 2023
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 October 2022
3,000 
Additions
30,145 
At 30 September 2023
33,145 
Depreciation
At 1 October 2022
1,563 
Charge for the year
5,146 
At 30 September 2023
6,709 
Net book value
At 30 September 2023
26,436 
At 30 September 2022
1,437 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
1,310 
- 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
3,955 
17,912 
Trade creditors
1,141 
254 
Taxes and social security
- 
9,875 
Loans from directors
15,128 
22,688 
20,224 
50,729 
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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