Company Registration No. 07583364 (England and Wales)
Think Cars Limited
Unaudited accounts
for the year ended 31 July 2024
Think Cars Limited
Unaudited accounts
Contents
Think Cars Limited
Company Information
for the year ended 31 July 2024
Director
Kristian Robinson
Company Number
07583364 (England and Wales)
Registered Office
94 Hinton Wood Avenue
HighCliffe
Christchurch
Dorset
BH23 5AL
United Kingdom
Accountants
Lane Accounting Limited
Denmark House, 143 High St,
Chalfont St Peter,
Gerrards Cross
Buckinghamshire
SL9 9QL
Think Cars Limited
Statement of financial position
as at 31 July 2024
Cash at bank and in hand
71,001
109
Creditors: amounts falling due within one year
(4,070)
(29,963)
Net current assets
326,748
388,159
Net assets
326,748
388,159
Called up share capital
633
633
Profit and loss account
326,115
387,526
Shareholders' funds
326,748
388,159
For the year ending 31 July 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 director acknowledges her 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 and authorised for issue on 19 September 2024 and were signed on its behalf by
Kristian Robinson
Director
Company Registration No. 07583364
Think Cars Limited
Notes to the Accounts
for the year ended 31 July 2024
Think Cars Limited is a private company, limited by shares, registered in England and Wales, registration number 07583364. The registered office is 94 Hinton Wood Avenue, HighCliffe, Christchurch, Dorset, BH23 5AL, 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.
Amounts falling due within one year
Amounts due from group undertakings etc.
259,762
417,893
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
2,953
-
Loans from directors
-
1,767
6
Transactions with related parties
At 31 July 2024 Drivesure Limited, a company owned by Mr & Mrs Robinson, owes the company £259,762 (2023 - £417,893).
7
Average number of employees
During the year the average number of employees was 1 (2023: 2).