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Th!nk Tax Ltd

Financial Statements for the Year Ended 31 March 2025






Th!nk Tax Ltd (Registered number: 07217398)






Contents of the Financial Statements
for the year ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Th!nk Tax Ltd

Company Information
for the year ended 31 March 2025







DIRECTOR: Mrs J E Hill





REGISTERED OFFICE: Duncan's Cottage
Farleys End
Elmore
Gloucestershire
GL2 3SU





REGISTERED NUMBER: 07217398 (England and Wales)





ACCOUNTANTS: Hargreaves Owen Ltd
Chartered Certified Accountants
Red Sky House
Fairclough Hall, Halls Green
Weston
Hertfordshire
SG4 7DP

Th!nk Tax Ltd (Registered number: 07217398)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 921 2

CURRENT ASSETS
Debtors 5 37,458 23,424
Cash at bank 81,904 109,043
119,362 132,467
CREDITORS
Amounts falling due within one year 6 23,988 28,561
NET CURRENT ASSETS 95,374 103,906
TOTAL ASSETS LESS CURRENT
LIABILITIES

96,295

103,908

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 96,285 103,898
SHAREHOLDERS' FUNDS 96,295 103,908

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 May 2025 and were signed by:





Mrs J E Hill - Director


Th!nk Tax Ltd (Registered number: 07217398)

Notes to the Financial Statements
for the year ended 31 March 2025

1. STATUTORY INFORMATION

Th!nk Tax Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33% on cost
Computer equipment - 33% on cost

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2024 1,253 2,150 3,403
Additions - 1,377 1,377
At 31 March 2025 1,253 3,527 4,780
DEPRECIATION
At 1 April 2024 1,253 2,148 3,401
Charge for year - 458 458
At 31 March 2025 1,253 2,606 3,859
NET BOOK VALUE
At 31 March 2025 - 921 921
At 31 March 2024 - 2 2

Th!nk Tax Ltd (Registered number: 07217398)

Notes to the Financial Statements - continued
for the year ended 31 March 2025

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 28,098 23,424
Accruals 9,360 -
37,458 23,424

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 6,946 8,424
Corporation tax 13,520 16,423
VAT 2,785 2,977
Directors' current accounts 7 7
Accrued expenses 730 730
23,988 28,561