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Company Registration No. 10144545 (England and Wales)
THINKING FOOD LTD Unaudited accounts for the year ended 30 April 2024
THINKING FOOD LTD Unaudited accounts Contents
Page
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THINKING FOOD LTD Company Information for the year ended 30 April 2024
Director
Matthew Eades
Company Number
10144545 (England and Wales)
Registered Office
2 MAINSTONE CLOSE REDDITCH WORCESTERSHIRE B98 0PP ENGLAND
Accountants
AC Counts & Services Ltd Office 42 Imex Business Centre, Oxleasow Road Redditch Worcestershire B98 0RE
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THINKING FOOD LTD Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
7,276 
9,093 
Current assets
Debtors
3,141 
- 
Cash at bank and in hand
8,267 
32,302 
11,408 
32,302 
Creditors: amounts falling due within one year
(15,976)
(28,335)
Net current (liabilities)/assets
(4,568)
3,967 
Net assets
2,708 
13,060 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
2,707 
13,059 
Shareholders' funds
2,708 
13,060 
For the year ending 30 April 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 his 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 28 January 2025 and were signed on its behalf by
Matthew Eades Director Company Registration No. 10144545
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THINKING FOOD LTD Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
THINKING FOOD LTD is a private company, limited by shares, registered in England and Wales, registration number 10144545. The registered office is 2 MAINSTONE CLOSE, REDDITCH, WORCESTERSHIRE, B98 0PP, 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.
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.
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% Reducing Balance Method
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Going concern
The financial statements have been prepared on a going concern basis. This assumes the continued support of the director. The director has indicated his support will continue for the foreseeable future.
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THINKING FOOD LTD Notes to the Accounts for the year ended 30 April 2024
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 May 2023
13,133 
At 30 April 2024
13,133 
Depreciation
At 1 May 2023
4,040 
Charge for the year
1,817 
At 30 April 2024
5,857 
Net book value
At 30 April 2024
7,276 
At 30 April 2023
9,093 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,141 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
4,588 
14,423 
Trade creditors
13 
- 
Taxes and social security
8,999 
11,961 
Loans from directors
- 
13 
Accruals
2,376 
1,938 
15,976 
28,335 
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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