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REGISTERED NUMBER: 05843166 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2024

FOR

THOUGHTGRAPH LTD.

THOUGHTGRAPH LTD. (REGISTERED NUMBER: 05843166)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THOUGHTGRAPH LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2024







DIRECTORS: Dr D A Price
Mr P J Baldwin





REGISTERED OFFICE: 20 Gordon's Close
Taunton
Somerset
TA1 3DA





REGISTERED NUMBER: 05843166 (England and Wales)





ACCOUNTANTS: Aspen Waite
Chartered Certified Accountants
Rubis House
15 Friarn Street
Bridgwater
Somerset
TA6 3LH

THOUGHTGRAPH LTD. (REGISTERED NUMBER: 05843166)

BALANCE SHEET
30TH JUNE 2024

30/6/24 30/6/23
Notes £    £   
FIXED ASSETS
Intangible assets 4 69,081 66,511
Tangible assets 5 - -
69,081 66,511

CURRENT ASSETS
Debtors 6 8,476 6,964
Cash at bank 28,071 22,535
36,547 29,499
CREDITORS
Amounts falling due within one year 7 (120,851 ) (120,280 )
NET CURRENT LIABILITIES (84,304 ) (90,781 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(15,223

)

(24,270

)

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (15,225 ) (24,272 )
SHAREHOLDERS' FUNDS (15,223 ) (24,270 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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.

THOUGHTGRAPH LTD. (REGISTERED NUMBER: 05843166)

BALANCE SHEET - continued
30TH JUNE 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 25th March 2025 and were signed on its behalf by:





Dr D A Price - Director


THOUGHTGRAPH LTD. (REGISTERED NUMBER: 05843166)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024

1. STATUTORY INFORMATION

Thoughtgraph Ltd. 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of services, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

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.

Development costs are being amortised evenly over their estimated useful life of ten years.

DEVELOPMENT COSTS
Research expenditure is written off as it is incurred and charged to the profit and loss account. Development expenditure is written off, except where there is a separate project that is technically, commercially and financially viable. In these cases, the identifiable expenditure is deferred and will be amortised over the period during which the company is expected to benefit.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

THOUGHTGRAPH LTD. (REGISTERED NUMBER: 05843166)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024

4. INTANGIBLE FIXED ASSETS
Development
costs
£   
COST
At 1st July 2023 212,009
Additions 16,030
At 30th June 2024 228,039
AMORTISATION
At 1st July 2023 145,498
Amortisation for year 13,460
At 30th June 2024 158,958
NET BOOK VALUE
At 30th June 2024 69,081
At 30th June 2023 66,511

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1st July 2023
and 30th June 2024 2,881
DEPRECIATION
At 1st July 2023
and 30th June 2024 2,881
NET BOOK VALUE
At 30th June 2024 -
At 30th June 2023 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Trade debtors 7,786 6,518
Other debtors 690 446
8,476 6,964

THOUGHTGRAPH LTD. (REGISTERED NUMBER: 05843166)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Social security and other taxes - 837
Other creditors 1,448 1,618
Directors' current accounts 113,887 112,610
Accruals and deferred income 5,516 5,215
120,851 120,280