IRIS Accounts Production v25.1.4.42 08213580 director 1.10.23 30.9.24 30.9.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh082135802023-09-30082135802024-09-30082135802023-10-012024-09-30082135802022-09-30082135802022-10-012023-09-30082135802023-09-3008213580ns15:EnglandWales2023-10-012024-09-3008213580ns14:PoundSterling2023-10-012024-09-3008213580ns10:Director12023-10-012024-09-3008213580ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3008213580ns10:SmallEntities2023-10-012024-09-3008213580ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3008213580ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3008213580ns10:FullAccounts2023-10-012024-09-3008213580ns10:CompanySecretary12023-10-012024-09-3008213580ns10:RegisteredOffice2023-10-012024-09-3008213580ns5:CurrentFinancialInstruments2024-09-3008213580ns5:CurrentFinancialInstruments2023-09-3008213580ns5:Non-currentFinancialInstruments2024-09-3008213580ns5:Non-currentFinancialInstruments2023-09-3008213580ns5:ShareCapital2024-09-3008213580ns5:ShareCapital2023-09-3008213580ns5:RetainedEarningsAccumulatedLosses2024-09-3008213580ns5:RetainedEarningsAccumulatedLosses2023-09-3008213580ns5:PlantMachinery2023-10-012024-09-3008213580ns5:PlantMachinery2023-09-3008213580ns5:PlantMachinery2024-09-3008213580ns5:PlantMachinery2023-09-3008213580ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3008213580ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-30082135801ns10:Director12023-09-30082135801ns10:Director12022-09-30082135801ns10:Director12023-10-012024-09-30082135801ns10:Director12022-10-012023-09-30082135801ns10:Director12024-09-30082135801ns10:Director12023-09-30
REGISTERED NUMBER: 08213580 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Think Inside Ltd

Think Inside Ltd (Registered number: 08213580)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Think Inside Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTOR: Mr M D Humphries





SECRETARY:





REGISTERED OFFICE: Suite 1
Concept House
23 Billet Lane
Hornchurch
Essex
RM11 1XP





REGISTERED NUMBER: 08213580 (England and Wales)





ACCOUNTANTS: Havard & Associates
Suite 1
Concept House
23 Billet Lane
Hornchurch
Essex
RM11 1XP

Think Inside Ltd (Registered number: 08213580)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,314 15,930

CURRENT ASSETS
Debtors 5 2,858,863 4,556,993
Cash at bank 407,298 437,817
3,266,161 4,994,810
CREDITORS
Amounts falling due within one year 6 2,562,818 4,188,051
NET CURRENT ASSETS 703,343 806,759
TOTAL ASSETS LESS CURRENT
LIABILITIES

707,657

822,689

CREDITORS
Amounts falling due after more than one
year

7

(258,589

)

(280,203

)

PROVISIONS FOR LIABILITIES (1,078 ) (3,027 )
NET ASSETS 447,990 539,459

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 447,986 539,455
SHAREHOLDERS' FUNDS 447,990 539,459

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Inside Ltd (Registered number: 08213580)

Balance Sheet - continued
30 September 2024


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 27 June 2025 and were signed by:





Mr M D Humphries - Director


Think Inside Ltd (Registered number: 08213580)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Think Inside 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 etc - 33% on cost and 20% 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 17 (2023 - 22 ) .

Think Inside Ltd (Registered number: 08213580)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 101,855
Additions 5,363
Disposals (91,860 )
At 30 September 2024 15,358
DEPRECIATION
At 1 October 2023 85,925
Charge for year 3,934
Eliminated on disposal (78,815 )
At 30 September 2024 11,044
NET BOOK VALUE
At 30 September 2024 4,314
At 30 September 2023 15,930

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 1,072,828 2,506,621
Other debtors 1,786,035 2,050,372
2,858,863 4,556,993

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 242,088 150,899
Trade creditors 857,221 2,115,591
Taxation and social security 1,448,296 1,720,524
Other creditors 15,213 201,037
2,562,818 4,188,051

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans 258,589 280,203

Think Inside Ltd (Registered number: 08213580)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

30.9.24 30.9.23
£    £   
Mr M D Humphries
Balance outstanding at start of year 94,771 88,945
Amounts advanced 17,115 11,438
Amounts repaid (11,438 ) (5,612 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 100,448 94,771

Interest has been charged on the above loans at 2.5%.