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THINQ DYNAMIQ LTD

Registered Number
07246253
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2024

THINQ DYNAMIQ LTD
Company Information
for the year from 1 June 2023 to 31 May 2024

Directors

Neel Surendra Pradhan
Swati Pradhan

Registered Address

Six Ways Business Centre
1 Guildford Street
Birmingham
B19 2HN

Place of Business


Registered Number

07246253 (England and Wales)
THINQ DYNAMIQ LTD
Balance Sheet as at
31 May 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets337,78642,229
Investments420,00020,000
57,78662,229
Current assets
Debtors522,96010,000
Cash at bank and on hand49,95150,528
72,91160,528
Creditors amounts falling due within one year6(31,404)(37,100)
Net current assets (liabilities)41,50723,428
Total assets less current liabilities99,29385,657
Creditors amounts falling due after one year7(20,952)(27,997)
Net assets78,34157,660
Capital and reserves
Called up share capital100100
Profit and loss account78,24157,560
Shareholders' funds78,34157,660
The financial statements were approved and authorised for issue by the Board of Directors on 15 January 2025, and are signed on its behalf by:
Neel Surendra Pradhan
Director
Registered Company No. 07246253
THINQ DYNAMIQ LTD
Notes to the Financial Statements
for the year ended 31 May 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Fixtures and fittings20
Vehicles10
Office Equipment20
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 June 2391,126
At 31 May 2491,126
Depreciation and impairment
At 01 June 2348,897
Charge for year4,443
At 31 May 2453,341
Net book value
At 31 May 2437,786
At 31 May 2342,229
4.Fixed asset investments

Total

£
Cost or valuation
At 01 June 2320,000
At 31 May 2420,000
Net book value
At 31 May 2420,000
At 31 May 2320,000
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables12,960-
Other debtors10,00010,000
Total22,96010,000
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables10,87518,230
Taxation and social security10,14818,870
Other creditors10,381-
Total31,40437,100
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts20,95227,997
Total20,95227,997