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REGISTERED NUMBER: 09395247 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Thoughtmix Online Services Limited

Thoughtmix Online Services Limited (Registered number: 09395247)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Thoughtmix Online Services Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: S Bryant





SECRETARY: S Bryant





REGISTERED OFFICE: 71-75 Shelton Street
London
Greater London
WC2H 9JQ





REGISTERED NUMBER: 09395247 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG

Thoughtmix Online Services Limited (Registered number: 09395247)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 46,774 37,582

CURRENT ASSETS
Debtors 5 1,158,014 1,045,344
Cash at bank 490,789 623,603
1,648,803 1,668,947
CREDITORS
Amounts falling due within one year 6 432,612 494,204
NET CURRENT ASSETS 1,216,191 1,174,743
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,262,965

1,212,325

CREDITORS
Amounts falling due after more than one
year

7

(139,583

)

(267,196

)

PROVISIONS FOR LIABILITIES (11,240 ) (9,020 )
NET ASSETS 1,112,142 936,109

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,112,141 936,108
SHAREHOLDERS' FUNDS 1,112,142 936,109

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

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

The director acknowledges his 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 director and authorised for issue on 28 January 2025 and were signed by:





S Bryant - Director


Thoughtmix Online Services Limited (Registered number: 09395247)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Thoughtmix Online Services Limited 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.

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 the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

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.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Thoughtmix Online Services Limited (Registered number: 09395247)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 20 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 February 2023 54,114 26,100 80,214
Additions - 25,267 25,267
At 31 January 2024 54,114 51,367 105,481
DEPRECIATION
At 1 February 2023 21,544 21,088 42,632
Charge for year 4,886 11,189 16,075
At 31 January 2024 26,430 32,277 58,707
NET BOOK VALUE
At 31 January 2024 27,684 19,090 46,774
At 31 January 2023 32,570 5,012 37,582

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 287,815 252,930
Amounts owed by group undertakings 860,199 783,438
Other debtors 2,500 1,476
1,150,514 1,037,844

Amounts falling due after more than one year:
Other debtors 7,500 7,500

Aggregate amounts 1,158,014 1,045,344

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 143,618 114,513
Trade creditors 129,283 153,606
Amounts owed to group undertakings - 161,254
Taxation and social security 137,743 43,386
Other creditors 21,968 21,445
432,612 494,204

Thoughtmix Online Services Limited (Registered number: 09395247)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 139,583 267,196

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Business loans 283,201 173,375
- 208,333
283,201 381,708

9. RELATED PARTY DISCLOSURES

During the year, the company received money and made payments on behalf of TMG Media Limited, a company in which the director, S Bryant, is also a director. At the year end £763,361 (2023:£761,361) was owed by TMG Media Limited.

During the year, the company received money and made payments on behalf of Thoughtmix Global Inc, a company in which the director, S Bryant, is also a director.. At the year end £326 (2023: £326) was owed by Thoughtmix Global Inc.

During the year, the company received money and made payments on behalf of Umbrella Brands Group Limited, a company in which the director, S Bryant, is also a director. At the year end £37,261
(2023 -£161,254) was owed by Umbrella Brands Group Limited.

During the year, the company received money and made payments on behalf of SBR Aviation Ltd, a company in which the director, S Bryant, is also a director. At the year end £59,250 (2023: £21,750) was owed by SBR Aviation Ltd.