1 August 2023 false No description of principal activity Taxfiler 2024.6 10277510business:PrivateLimitedCompanyLtd2023-08-012024-07-31 102775102023-07-31 102775102023-08-012024-07-31 10277510business:AuditExemptWithAccountantsReport2023-08-012024-07-31 10277510business:FilletedAccounts2023-08-012024-07-31 102775102024-07-31 10277510business:Director12023-08-012024-07-31 10277510business:Director22023-08-012024-07-31 10277510business:RegisteredOffice2023-08-012024-07-31 102775102023-07-31 10277510core:WithinOneYear2024-07-31 10277510core:WithinOneYear2023-07-31 10277510core:ShareCapitalcore:PreviouslyStatedAmount2024-07-31 10277510core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 10277510core:CapitalRedemptionReservecore:PreviouslyStatedAmount2024-07-31 10277510core:CapitalRedemptionReservecore:PreviouslyStatedAmount2023-07-31 10277510core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-07-31 10277510core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 10277510core:PreviouslyStatedAmount2024-07-31 10277510core:PreviouslyStatedAmount2023-07-31 10277510business:SmallEntities2023-08-012024-07-31 10277510countries:EnglandWales2023-08-012024-07-31 10277510core:MotorVehicles2023-08-012024-07-31 10277510core:ComputerEquipment2023-08-012024-07-31 10277510core:PlantMachinery2023-07-31 10277510core:ComputerEquipment2023-07-31 10277510core:PlantMachinery2023-08-012024-07-31 10277510core:PlantMachinery2024-07-31 10277510core:ComputerEquipment2024-07-31 10277510core:RevaluationsIncreaseDecreaseInInvestments2024-07-31 10277510business:Director222023-08-012024-07-31 10277510business:Director222023-07-31 10277510business:Director222024-07-31 10277510business:Director32023-08-012024-07-31 10277510business:Director312023-08-012024-07-31 10277510business:Director312023-07-31 10277510business:Director312024-07-31 102775102022-08-012023-07-31 iso4217:GBP xbrli:pure
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
Page
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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
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THOUGHT&FUNCTION LTD. Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Called up share capital not paid
3 
3 
Fixed assets
Tangible assets
18,729 
15,723 
Investments
- 
30,004 
18,729 
45,727 
Current assets
Debtors
119,115 
80,610 
Cash at bank and in hand
414,447 
197,557 
533,562 
278,167 
Creditors: amounts falling due within one year
(222,072)
(74,552)
Net current assets
311,490 
203,615 
Net assets
330,222 
249,345 
Capital and reserves
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
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THOUGHT&FUNCTION LTD. Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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.
Pension 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
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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 
Additions
- 
9,991 
9,991 
At 31 July 2024
1,164 
51,011 
52,175 
Depreciation
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 
Net book value
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
- 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
117,816 
79,430 
Other debtors
1,299 
1,180 
119,115 
80,610 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
26,932 
1,793 
Trade creditors
160,773 
54,682 
Taxes and social security
33,234 
17,001 
Other creditors
1,133 
1,076 
222,072 
74,552 
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THOUGHT&FUNCTION LTD. Notes to the Accounts for the year ended 31 July 2024
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Joel Chan
Directors Advance
1,062 
- 
- 
1,062 
Hao Zhao
Directors Advance
121 
- 
- 
121 
1,183 
- 
- 
1,183 
9
Average number of employees
During the year the average number of employees was 4 (2023: 5).
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