Company Registration No. 05287669 (England and Wales)
Thinking Anglers Limited
Unaudited accounts
for the year ended 30 November 2023
Thinking Anglers Limited
Unaudited accounts
Contents
Thinking Anglers Limited
Company Information
for the year ended 30 November 2023
Director
Thomas James Anderson
Secretary
Thomas James Anderson
Company Number
05287669 (England and Wales)
Registered Office
UNIT 3 NORTH LYNTON
MAIN ROAD
NEWLAND, GOOLE
EAST YORKSHIRE
DN14 7XF
ENGLAND
Thinking Anglers Limited
Statement of financial position
as at 30 November 2023
Tangible assets
48,969
29,237
Inventories
915,065
994,299
Cash at bank and in hand
4,320
32,757
Creditors: amounts falling due within one year
(153,078)
(142,866)
Net current assets
982,662
990,609
Total assets less current liabilities
1,031,631
1,019,846
Creditors: amounts falling due after more than one year
(931,016)
(997,237)
Called up share capital
100
100
Profit and loss account
100,515
22,509
Shareholders' funds
100,615
22,609
For the year ending 30 November 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 30 November 2024 and were signed on its behalf by
Thomas James Anderson
Director
Company Registration No. 05287669
Thinking Anglers Limited
Notes to the Accounts
for the year ended 30 November 2023
Thinking Anglers Limited is a private company, limited by shares, registered in England and Wales, registration number 05287669. The registered office is UNIT 3 NORTH LYNTON, MAIN ROAD, NEWLAND, GOOLE, EAST YORKSHIRE, DN14 7XF, ENGLAND.
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.
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:
Plant & machinery
20% on cost
Motor vehicles
33% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
33% Reducing Balance
The financial statements show that at the balance sheet date the company had net liabilities and is reliant on the support of its creditors.
However, the directors believe that it is appropriate to prepare the accounts on a going concern basis, as the company's major creditor has indicated it will continue to financially support the company for the forseeable future.
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.
Thinking Anglers Limited
Notes to the Accounts
for the year ended 30 November 2023
4
Tangible fixed assets
Total
At 30 November 2023
126,418
Charge for the year
15,427
At 30 November 2023
77,449
At 30 November 2023
48,969
At 30 November 2022
29,237
5
Average number of employees
During the year the average number of employees was 7 (2022: 7).