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REGISTERED NUMBER: 06881717 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

THINK PRODUCTIVE LTD

THINK PRODUCTIVE LTD (REGISTERED NUMBER: 06881717)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THINK PRODUCTIVE LTD

Company Information
for the year ended 31 March 2024







DIRECTORS: G D Allcott
E Kerrigan





SECRETARY: G D Allcott





REGISTERED OFFICE: Preston Park House
South Road
Brighton
East Sussex
BN1 6SB





REGISTERED NUMBER: 06881717 (England and Wales)





ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

THINK PRODUCTIVE LTD (REGISTERED NUMBER: 06881717)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 30,339 37,454

CURRENT ASSETS
Debtors 5 173,882 130,165
Cash at bank 155,002 248,415
328,884 378,580
CREDITORS
Amounts falling due within one year 6 (119,121 ) (187,643 )
NET CURRENT ASSETS 209,763 190,937
TOTAL ASSETS LESS CURRENT
LIABILITIES

240,102

228,391

PROVISIONS FOR LIABILITIES 7 (6,805 ) (8,548 )
NET ASSETS 233,297 219,843

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 233,197 219,743
SHAREHOLDERS' FUNDS 233,297 219,843

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2024 and were signed on its behalf by:



E Kerrigan - Director


THINK PRODUCTIVE LTD (REGISTERED NUMBER: 06881717)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Think Productive Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of consideration, received or receivable, for goods and services provided in the ordinary course of the company's activities.

Turnover excludes discounts, rebates and is shown net of value added tax and other sales taxes.

The company recognises revenue for workshops on completion of the workshop.

The company recognises the revenue for workshop materials on delivery of those materials to the customer.

Tangible fixed assets
Tangible fixed assets are stated at cost, or deemed cost, less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings-25% on reducing balance
Motor vehicles-25% on reducing balance
Computer equipment-25% on reducing balance

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


THINK PRODUCTIVE LTD (REGISTERED NUMBER: 06881717)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has not further payment obligations.

The contributions are recognised as an expense in the Income Statement when they fall due. Amounts not paid are shown in accruals as a liability on the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Impairment policy
At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Home and Motor Computer
office fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 32,001 5,503 33,066 11,953 82,523
Additions 1,934 435 - 499 2,868
At 31 March 2024 33,935 5,938 33,066 12,452 85,391
DEPRECIATION
At 1 April 2023 22,547 4,844 8,783 8,895 45,069
Charge for year 2,847 183 6,071 882 9,983
At 31 March 2024 25,394 5,027 14,854 9,777 55,052
NET BOOK VALUE
At 31 March 2024 8,541 911 18,212 2,675 30,339
At 31 March 2023 9,454 659 24,283 3,058 37,454

THINK PRODUCTIVE LTD (REGISTERED NUMBER: 06881717)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 88,269 127,415
Other debtors 85,613 2,750
173,882 130,165

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 46,128 32,621
Taxation and social security 47,248 67,677
Other creditors 25,745 87,345
119,121 187,643

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 6,805 8,548

Deferred
tax
£   
Balance at 1 April 2023 8,548
Accelerated capital allowances (1,743 )
Balance at 31 March 2024 6,805

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
40 Ordinary A 1 40 40
40 Ordinary B 1 40 40
20 Ordinary C 1 20 20
100 100

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year under review key management personnel advanced £193,334 and repaid £100,000 to the company. At the balance sheet date key management personnel owed the company £75,368 (2023: the company owed key management personnel £17,966). Interest of £268 (2023: £nil) was charged at a rate of 2.25%. The loan is repayable on demand.