Company Registration No. 10277510 (England and Wales)
THOUGHT&FUNCTION LTD.
Unaudited accounts
for the year ended 31 July 2024
THOUGHT&FUNCTION LTD.
Unaudited accounts
Contents
THOUGHT&FUNCTION LTD.
Company Information
for the year ended 31 July 2024
Directors
Murray Theodore Hamilton Inglis
Joel Chan
Company Number
10277510 (England and Wales)
Registered Office
4th Floor Silverstream House
45 Fitzroy Street
London
W1T 6EB
Accountants
Anme Chow
MoneyTree Financial
Thistledene
3 Churchfield Path
Cheshunt
Essex
EN8 9EG
THOUGHT&FUNCTION LTD.
Statement of financial position
as at 31 July 2024
Called up share capital not paid
3
3
Tangible assets
18,729
15,723
Cash at bank and in hand
414,447
197,557
Creditors: amounts falling due within one year
(222,072)
(74,552)
Net current assets
311,490
203,615
Net assets
330,222
249,345
Called up share capital
1,503
1,503
Capital redemption reserve
(40,000)
(40,000)
Profit and loss account
368,719
287,842
Shareholders' funds
330,222
249,345
For the year ending 31 July 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 directors acknowledge their 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 of Directors and authorised for issue on 14 December 2024 and were signed on its behalf by
Joel Chan
Director
Company Registration No. 10277510
THOUGHT&FUNCTION LTD.
Notes to the Accounts
for the year ended 31 July 2024
THOUGHT&FUNCTION LTD. is a private company, limited by shares, registered in England and Wales, registration number 10277510. The registered office is 4th Floor Silverstream House, 45 Fitzroy Street, London, W1T 6EB.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding rebates, value added tax and other
sales taxes. 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.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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:
Motor vehicles
5 year straight line basis
Computer equipment
3 years straight line basis
THOUGHT&FUNCTION LTD.
Notes to the Accounts
for the year ended 31 July 2024
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 August 2023
1,164
41,020
42,184
At 31 July 2024
1,164
51,011
52,175
At 1 August 2023
1,067
25,394
26,461
Charge for the year
95
6,890
6,985
At 31 July 2024
1,162
32,284
33,446
At 31 July 2024
2
18,727
18,729
At 31 July 2023
97
15,626
15,723
5
Investments
Other investments
Valuation at 1 August 2023
30,004
Fair value adjustments
(30,004)
Valuation at 31 July 2024
-
Amounts falling due within one year
Trade debtors
117,816
79,430
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
160,773
54,682
Taxes and social security
33,234
17,001
Other creditors
1,133
1,076
THOUGHT&FUNCTION LTD.
Notes to the Accounts
for the year ended 31 July 2024
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Advance
1,062
-
-
1,062
Directors Advance
121
-
-
121
9
Average number of employees
During the year the average number of employees was 4 (2023: 5).