Company Registration No. 10709844 (England and Wales)
Think Spinc Ltd
Unaudited accounts
for the year ended 31 March 2025
Think Spinc Ltd
Unaudited accounts
Contents
Think Spinc Ltd
Company Information
for the year ended 31 March 2025
Directors
D Ergin
M Prescott
Company Number
10709844 (England and Wales)
Registered Office
95 Seaside Road
Eastbourne
East Sussex
BN21 3PL
Accountants
Maiden Accountancy Services
95 Seaside Road
Eastbourne
East Sussex
BN21 3PL
Think Spinc Ltd
Statement of financial position
as at 31 March 2025
Cash at bank and in hand
391,298
261,458
Creditors: amounts falling due within one year
(122,490)
(121,109)
Net current assets
372,629
217,260
Net assets
372,629
217,260
Called up share capital
100
100
Profit and loss account
372,529
217,160
Shareholders' funds
372,629
217,260
For the year ending 31 March 2025 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 19 May 2025 and were signed on its behalf by
D Ergin
Director
Company Registration No. 10709844
Think Spinc Ltd
Notes to the Accounts
for the year ended 31 March 2025
Think Spinc Ltd is a private company, limited by shares, registered in England and Wales, registration number 10709844. The registered office is 95 Seaside Road, Eastbourne, East Sussex, BN21 3PL.
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 discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Computer equipment
over two years
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.
4
Tangible fixed assets
Computer equipment
Think Spinc Ltd
Notes to the Accounts
for the year ended 31 March 2025
Amounts falling due within one year
Trade debtors
102,641
75,731
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
118,457
117,356
Other creditors
2,533
2,433
7
Average number of employees
During the year the average number of employees was 26 (2024: 26).