2023-10-01 2024-09-30 false Capium Accounts Production 1.1 09204606 2023-10-01 2024-09-30 09204606 bus:FullAccounts 2023-10-01 2024-09-30 09204606 bus:FRS102 2023-10-01 2024-09-30 09204606 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 09204606 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 09204606 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 09204606 2023-10-01 2024-09-30 09204606 2024-09-30 09204606 bus:RegisteredOffice 2023-10-01 2024-09-30 09204606 core:WithinOneYear 2024-09-30 09204606 core:AfterOneYear 2024-09-30 09204606 1 2023-10-01 2024-09-30 09204606 bus:Director1 2023-10-01 2024-09-30 09204606 bus:Director1 2024-09-30 09204606 bus:Director1 2022-10-01 2023-09-30 09204606 2022-10-01 09204606 bus:LeadAgentIfApplicable 2023-10-01 2024-09-30 09204606 2022-10-01 2023-09-30 09204606 2023-09-30 09204606 core:WithinOneYear 2023-09-30 09204606 core:AfterOneYear 2023-09-30 09204606 bus:EntityAccountantsOrAuditors 2022-10-01 2023-09-30 09204606 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 09204606 bus:OrdinaryShareClass1 2024-09-30 09204606 bus:OrdinaryShareClass1 2022-10-01 2023-09-30 09204606 bus:OrdinaryShareClass1 2023-09-30 09204606 core:FurnitureFittings 2023-10-01 2024-09-30 09204606 core:FurnitureFittings 2024-09-30 09204606 core:FurnitureFittings 2023-09-30 09204606 core:ComputerEquipment 2023-10-01 2024-09-30 09204606 core:ComputerEquipment 2024-09-30 09204606 core:ComputerEquipment 2023-09-30 09204606 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-09-30 09204606 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-09-30 09204606 core:NetGoodwill 2023-10-01 2024-09-30 09204606 core:NetGoodwill 2024-09-30 09204606 core:NetGoodwill 2023-09-30 09204606 core:CostValuation core:Non-currentFinancialInstruments 2024-09-30 09204606 core:CostValuation core:Non-currentFinancialInstruments 2023-09-30 09204606 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-09-30 09204606 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2024-09-30 09204606 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2024-09-30 09204606 core:Non-currentFinancialInstruments 2024-09-30 09204606 core:Non-currentFinancialInstruments 2023-09-30 09204606 core:ShareCapital 2024-09-30 09204606 core:ShareCapital 2023-09-30 09204606 core:RetainedEarningsAccumulatedLosses 2024-09-30 09204606 core:RetainedEarningsAccumulatedLosses 2023-09-30 09204606 dpl:Item1 2023-10-01 09204606 dpl:Item1 2024-09-30 09204606 dpl:Item1 2022-10-01 09204606 dpl:Item1 2023-09-30 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 09204606
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 30 September 2024

for

THINK POTENTIAL LTD

Director Adam Laidler
Registered Number 09204606
Registered Office 449 Royal Exchange
Old Bank Street
Manchester
M2 7EP
Accountants Taylorhobbs Limited
Cherry Trees Barn
Walcot Lane
Pershore
WR10 2AL
1
Principal activities
Principal activity of the company during the financial year was of leadership development, management training and business coaching. 
Director
The director who served the company throughout the year was as follows:
Adam Laidler
Statement of director's responsibilities
The director is responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the director is required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

On behalf of the board.


----------------------------------
Adam Laidler
Director

Date approved: 20 March 2025
2
Accountants report

You consider that the company is exempt from an audit for the year ended 30 September 2024 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.

In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.

We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.



....................................................

Taylorhobbs Limited

Cherry Trees Barn
Walcot Lane
Pershore
WR10 2AL
25 March 2025
3
 
 
Notes
 
2024
£
  2023
£
Turnover 38,783    63,991 
Gross profit 38,783    63,991 
Administrative expenses (38,332)   (46,064)
Operating profit 451    17,927 
Profit/(Loss) on ordinary activities before taxation 451    17,927 
Tax on profit on ordinary activities (356)   (3,731)
Profit/(Loss) for the financial year 95    14,196 
 
4
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Intangible fixed assets 3 730    1,280 
Tangible fixed assets 4 1,567    1,697 
2,297    2,977 
Current assets      
Debtors 5 3,894    5,088 
Cash at bank and in hand 2,277    13,150 
6,171    18,238 
Creditors: amount falling due within one year 6 (1,513)   (11,628)
Net current assets 4,658    6,610 
 
Total assets less current liabilities 6,955    9,587 
Provisions for liabilities 7 (398)   (275)
Net assets 6,557    9,312 
 

Capital and reserves
     
Called up share capital 8 100    100 
Profit and loss account 6,457    9,212 
Shareholders' funds 6,557    9,312 
 


For the year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 20 March 2025 and were signed by:


-------------------------------
Adam Laidler
Director
5
General Information
Think Potential Ltd is a private company, limited by shares, registered in England and Wales, registration number 09204606, registration address 449 Royal Exchange, Old Bank Street, Manchester, M2 7EP.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Revenue from contracts for the provision of services is recognised by reference to the stage of completion and where the amount of revenue can be measured reliably.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the balance sheet when their payment has been approved by the shareholders prior to the balance sheet date.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 10 years.
Trade Mark
The trademark was purchased in 2016 and does not need to be renewed. Therefore, the trademark has an infinite life and has not been amortised.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 20 Reducing Balance
Computer Equipment 3 Straight Line
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 1 (2023 : 1).
3.

Intangible fixed assets

Cost Goodwill   Trade Mark   Total
  £   £   £
At 01 October 2023 5,500    180    5,680 
Additions    
Disposals    
At 30 September 2024 5,500    180    5,680 
Amortisation
At 01 October 2023 4,400      4,400 
Charge for year 550      550 
On disposals    
At 30 September 2024 4,950      4,950 
Net book values
At 30 September 2024 550    180    730 
At 30 September 2023 1,100    180    1,280 


4.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 October 2023 2,694    1,640    4,334 
Additions 488    199    687 
Disposals    
At 30 September 2024 3,182    1,839    5,021 
Depreciation
At 01 October 2023 1,497    1,140    2,637 
Charge for year 318    499    817 
On disposals    
At 30 September 2024 1,815    1,639    3,454 
Net book values
Closing balance as at 30 September 2024 1,367    200    1,567 
Opening balance as at 01 October 2023 1,197    500    1,697 


5.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 1,750    4,288 
Prepayments & Accrued Income 2,144    800 
3,894    5,088 

6.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 34    117 
Corporation Tax 235    3,864 
Accrued Expenses 950    1,818 
Directors' Current Accounts 294    5,829 
1,513    11,628 

7.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax 398    275 
398    275 

8.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
100 Ordinary shares of £1.00 each 100    100 
100    100 

6