Think EJ Limited 13723752 false 2023-12-01 2024-11-30 2024-11-30 The principal activity of the company is consultancy Digita Accounts Production Advanced 6.30.9574.0 true true 13723752 2023-12-01 2024-11-30 13723752 2024-11-30 13723752 core:CurrentFinancialInstruments 2024-11-30 13723752 core:CurrentFinancialInstruments core:WithinOneYear 2024-11-30 13723752 core:FurnitureFittingsToolsEquipment 2024-11-30 13723752 core:MotorVehicles 2024-11-30 13723752 bus:SmallEntities 2023-12-01 2024-11-30 13723752 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 13723752 bus:FullAccounts 2023-12-01 2024-11-30 13723752 bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 13723752 bus:RegisteredOffice 2023-12-01 2024-11-30 13723752 bus:Director1 2023-12-01 2024-11-30 13723752 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 13723752 core:ComputerEquipment 2023-12-01 2024-11-30 13723752 core:FurnitureFittingsToolsEquipment 2023-12-01 2024-11-30 13723752 core:MotorVehicles 2023-12-01 2024-11-30 13723752 core:OfficeEquipment 2023-12-01 2024-11-30 13723752 countries:UnitedKingdom 2023-12-01 2024-11-30 13723752 2023-11-30 13723752 core:FurnitureFittingsToolsEquipment 2023-11-30 13723752 core:MotorVehicles 2023-11-30 13723752 2022-12-01 2023-11-30 13723752 2023-11-30 13723752 core:CurrentFinancialInstruments 2023-11-30 13723752 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 13723752 core:FurnitureFittingsToolsEquipment 2023-11-30 13723752 core:MotorVehicles 2023-11-30 iso4217:GBP xbrli:pure

Registration number: 13723752

Think EJ Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 November 2024

 

Think EJ Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 6

 

Think EJ Limited

(Registration number: 13723752)
Balance Sheet as at 30 November 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

53,395

47,811

Current assets

 

Debtors

6

23,827

17,695

Cash at bank and in hand

 

71,670

69,973

 

95,497

87,668

Creditors: Amounts falling due within one year

7

(98,540)

(71,626)

Net current (liabilities)/assets

 

(3,043)

16,042

Total assets less current liabilities

 

50,352

63,853

Provisions for liabilities

(10,145)

(9,084)

Net assets

 

40,207

54,769

Capital and reserves

 

Called up share capital

400

400

Retained earnings

39,807

54,369

Shareholders' funds

 

40,207

54,769

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 23 May 2025 and signed on its behalf by:
 

Dr L Ellis-Jones
Director

   
     
 

Think EJ Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
34 Adel Towers Court
Leeds
LS16 8ER

These financial statements were authorised for issue by the Board on 23 May 2025.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Think EJ Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

33% straight line

Computer quipment

33% straight line

Motor vehicles

20% straight line

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2023 - 1).

 

Think EJ Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

11,894

3,724

 

Think EJ Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

5

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 December 2023

6,214

45,765

51,979

Additions

2,134

15,344

17,478

At 30 November 2024

8,348

61,109

69,457

Depreciation

At 1 December 2023

2,087

2,081

4,168

Charge for the year

2,221

9,673

11,894

At 30 November 2024

4,308

11,754

16,062

Carrying amount

At 30 November 2024

4,040

49,355

53,395

At 30 November 2023

4,127

43,684

47,811

6

Debtors

Current

2024
£

2023
£

Trade debtors

22,738

16,189

Prepayments

1,089

1,506

 

23,827

17,695

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

51,142

37,856

Trade creditors

 

250

280

Taxation and social security

 

47,046

33,490

Accruals and deferred income

 

102

-

 

98,540

71,626

 

Think EJ Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

8

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Other borrowings

51,142

37,856