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REGISTERED NUMBER: 05224319 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

Think Galapagos Limited

Think Galapagos Limited (Registered number: 05224319)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Think Galapagos Limited

Company Information
for the year ended 31 March 2025







DIRECTOR: Ms R E Dex





SECRETARY: Ms R E Dex





REGISTERED OFFICE: 34 Woodlands
Beverley
East Yorkshire
HU17 8BX





REGISTERED NUMBER: 05224319 (England and Wales)





ACCOUNTANTS: Marshall & Co
Chartered Accountants
& Chartered Tax Advisers
The Bloc
Springfield Way
Anlaby
Kingston upon Hull
East Yorkshire
HU10 6RJ

Think Galapagos Limited (Registered number: 05224319)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 2,168 650

CURRENT ASSETS
Debtors 5 235,389 171,060
Cash at bank 438,793 347,780
674,182 518,840
CREDITORS
Amounts falling due within one year 6 503,988 330,751
NET CURRENT ASSETS 170,194 188,089
TOTAL ASSETS LESS CURRENT
LIABILITIES

172,362

188,739

CREDITORS
Amounts falling due after more than one year 7 - (12,721 )

PROVISIONS FOR LIABILITIES (412 ) (124 )
NET ASSETS 171,950 175,894

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 170,950 174,894
SHAREHOLDERS' FUNDS 171,950 175,894

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.

Think Galapagos Limited (Registered number: 05224319)

Balance Sheet - continued
31 March 2025


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 17 June 2025 and were signed by:





Ms R E Dex - Director


Think Galapagos Limited (Registered number: 05224319)

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


1. STATUTORY INFORMATION

Think Galapagos Limited 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 represents amounts receivable by the company for services provided during the year. Turnover is recognised on a departure date basis.

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 etc - 33% on cost and 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
Contributions paid into the directors personal pension schemes are charged to the profit and loss account in the period in which they are paid.

Think Galapagos Limited (Registered number: 05224319)

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


2. ACCOUNTING POLICIES - continued

Derivatives (foreign forward exchange contracts)
There are no accounting adjustments for the forward contracts as their fair value is zero.

The difference between the amount payable at the agreed forward rate and the forward rate at the balance sheet date is recognised in the profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2024 11,539
Additions 2,753
Disposals (9,506 )
At 31 March 2025 4,786
DEPRECIATION
At 1 April 2024 10,889
Charge for year 846
Eliminated on disposal (9,117 )
At 31 March 2025 2,618
NET BOOK VALUE
At 31 March 2025 2,168
At 31 March 2024 650

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 18,697 -
Other debtors 216,692 171,060
235,389 171,060

Think Galapagos Limited (Registered number: 05224319)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors - 1,162
Taxation and social security 4,741 745
Other creditors 499,247 328,844
503,988 330,751

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Other creditors - 12,721

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025 2024
£    £   
Ms R E Dex
Balance outstanding at start of year (71 ) 269
Amounts advanced 15,057 755
Amounts repaid (14,267 ) (1,095 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 719 (71 )

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ms R E Dex.