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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
Page
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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
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Thinking Anglers Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
48,969 
29,237 
Current assets
Inventories
915,065 
994,299 
Debtors
216,355 
106,419 
Cash at bank and in hand
4,320 
32,757 
1,135,740 
1,133,475 
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)
Net assets
100,615 
22,609 
Capital and reserves
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
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Thinking Anglers Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
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.
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.
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
Going concern
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
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.
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Thinking Anglers Limited Notes to the Accounts for the year ended 30 November 2023
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 December 2022
91,259 
Additions
35,159 
At 30 November 2023
126,418 
Depreciation
At 1 December 2022
62,022 
Charge for the year
15,427 
At 30 November 2023
77,449 
Net book value
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).
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