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REGISTERED NUMBER: 04109488 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Think Employment Limited

Think Employment Limited (Registered number: 04109488)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Think Employment Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: R W R Hallam
Mrs H J Wild-Hallam





SECRETARY: Ms A Dennehy





REGISTERED OFFICE: Provincial House
140 Victoria Street
Grimsby
North East Lincolnsh
DN31 1NX





REGISTERED NUMBER: 04109488 (England and Wales)





ACCOUNTANTS: Cantelowes Ltd
4th Floor
20 Aldermanbury
London
EC2V 7HY

Think Employment Limited (Registered number: 04109488)

Statement of Financial Position
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 103,075 21,962
Investments 6 11,184 9,978
114,260 31,941

CURRENT ASSETS
Debtors 7 1,259,229 837,005
Cash at bank and in hand 848,503 200,544
2,107,732 1,037,549
CREDITORS
Amounts falling due within one year 8 811,027 193,456
NET CURRENT ASSETS 1,296,705 844,093
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,410,965

876,034

CAPITAL AND RESERVES
Called up share capital 53 53
Capital redemption reserve 50 50
Retained earnings 1,410,862 875,931
1,410,965 876,034

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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 21 February 2025 and were signed on its behalf by:





R W R Hallam - Director


Think Employment Limited (Registered number: 04109488)

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

1. STATUTORY INFORMATION

Think Employment 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investments in associates
Investments in associate undertakings are recognised at cost.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

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.

Going concern
As with most business we have been impacted by the Coronavirus (Covid 19). This has had an impact on our operations, customer, suppliers, and staff. We have (where appropriate) utilised the grant and benefit available for the Government and are taking steps we can to protect the future of our business. Although the total impact is still uncertain the directors believe that it is appropriate to prepare the accounts on a going concern basis.

Think Employment Limited (Registered number: 04109488)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 58 (2023 - 28 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 7,000
AMORTISATION
At 1 August 2023
and 31 July 2024 6,999
NET BOOK VALUE
At 31 July 2024 1
At 31 July 2023 1

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 56,792
Additions 101,232
Disposals (16,315 )
At 31 July 2024 141,709
DEPRECIATION
At 1 August 2023 34,830
Charge for year 20,119
Eliminated on disposal (16,315 )
At 31 July 2024 38,634
NET BOOK VALUE
At 31 July 2024 103,075
At 31 July 2023 21,962

6. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 August 2023 9,978
Additions 1,206
At 31 July 2024 11,184
NET BOOK VALUE
At 31 July 2024 11,184
At 31 July 2023 9,978

Think Employment Limited (Registered number: 04109488)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 560,978 457,862
Other debtors 698,251 379,143
1,259,229 837,005

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 86,953 20,651
Taxation and social security 685,418 76,526
Other creditors 38,656 96,279
811,027 193,456

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£    £   
R W R Hallam
Balance outstanding at start of year (50,505 ) 1,635
Amounts advanced 124,449 183,664
Amounts repaid (85,000 ) (235,804 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (11,056 ) (50,505 )