1 August 2023 false Taxfiler 2024.5 07583364business:PrivateLimitedCompanyLtd2023-08-012024-07-31 075833642023-07-31 075833642023-08-012024-07-31 07583364business:AuditExemptWithAccountantsReport2023-08-012024-07-31 07583364business:FilletedAccounts2023-08-012024-07-31 075833642024-07-31 07583364business:Director12023-08-012024-07-31 07583364business:CompanySecretary12023-08-012024-07-31 07583364business:RegisteredOffice2023-08-012024-07-31 075833642023-07-31 07583364core:WithinOneYear2024-07-31 07583364core:WithinOneYear2023-07-31 07583364core:ShareCapitalcore:PreviouslyStatedAmount2024-07-31 07583364core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 07583364core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-07-31 07583364core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 07583364core:PreviouslyStatedAmount2024-07-31 07583364core:PreviouslyStatedAmount2023-07-31 07583364business:SmallEntities2023-08-012024-07-31 07583364countries:EnglandWales2023-08-012024-07-31 075833642022-08-012023-07-31 iso4217:GBP xbrli:pure
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
Page
- 2 -
Think Cars Limited Company Information for the year ended 31 July 2024
Director
Kristian Robinson
Secretary
M 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
- 3 -
Think Cars Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
259,817 
418,013 
Cash at bank and in hand
71,001 
109 
330,818 
418,122 
Creditors: amounts falling due within one year
(4,070)
(29,963)
Net current assets
326,748 
388,159 
Net assets
326,748 
388,159 
Capital and reserves
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
- 4 -
Think Cars Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
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.
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.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
55 
120 
Amounts due from group undertakings etc.
259,762 
417,893 
259,817 
418,013 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
264 
709 
Taxes and social security
2,953 
- 
Loans from directors
- 
1,767 
Accruals
853 
27,487 
4,070 
29,963 
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).
- 5 -