BrightAccountsProduction v1.0.0 v1.0.0 2024-04-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts software development. 28 July 2025 0 0 10056635 2025-03-31 10056635 2024-03-31 10056635 2023-03-31 10056635 2024-04-01 2025-03-31 10056635 2023-04-01 2024-03-31 10056635 uk-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 10056635 uk-curr:PoundSterling 2024-04-01 2025-03-31 10056635 uk-bus:AbridgedAccounts 2024-04-01 2025-03-31 10056635 uk-core:ShareCapital 2025-03-31 10056635 uk-core:ShareCapital 2024-03-31 10056635 uk-core:RetainedEarningsAccumulatedLosses 2025-03-31 10056635 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 10056635 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2025-03-31 10056635 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-03-31 10056635 uk-bus:FRS102 2024-04-01 2025-03-31 10056635 uk-core:FurnitureFittingsToolsEquipment 2024-04-01 2025-03-31 10056635 2024-04-01 2025-03-31 10056635 uk-bus:Director1 2024-04-01 2025-03-31 10056635 uk-bus:Director2 2024-04-01 2025-03-31 10056635 uk-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
Thought and Mortar Limited
 
Abridged Unaudited Financial Statements
 
for the financial year ended 31 March 2025



Thought and Mortar Limited
Company Registration Number: 10056635
ABRIDGED BALANCE SHEET
as at 31 March 2025

2025 2024
Notes £ £
 
Fixed Assets
Tangible assets 4 3,388 4,320
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Current Assets
Debtors 37,754 43,047
Cash and cash equivalents - 36,021
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37,754 79,068
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Creditors: amounts falling due within one year (34,782) (47,741)
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Net Current Assets 2,972 31,327
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Total Assets less Current Liabilities 6,360 35,647
 
Creditors:
amounts falling due after more than one year (5,568) (22,315)
 
Provisions for liabilities (725) (928)
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Net Assets 67 12,404
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Capital and Reserves
Called up share capital 30 30
Retained earnings 37 12,374
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Equity attributable to owners of the company 67 12,404
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The financial statements have been prepared 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).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Directors' Report.
For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 28 July 2025 and signed on its behalf by
           
           
Benedict Wellby          
Director          
           
           
Simon Mosse
Director
           



Thought and Mortar Limited
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 31 March 2025

   
1. General Information
 
Thought and Mortar Limited is a company limited by shares incorporated and registered in the United Kingdom. The registered number of the company is 10056635. The registered office of the company is 26 Berkeley Square, Bristol, BS8 1HP which is also the principal place of business of the company. software development. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 31 March 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Fixtures, fittings and equipment - 25%  & 33.33% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was 6, (2024 - 8).
       
4. Tangible assets
  Fixtures, Total
  fittings and  
  equipment  
  £ £
Cost
At 1 April 2024 27,377 27,377
Disposals 2,862 2,862
  ───────── ─────────
At 31 March 2025 30,239 30,239
  ───────── ─────────
Depreciation
At 1 April 2024 23,057 23,057
Charge for the financial year 3,794 3,794
  ───────── ─────────
At 31 March 2025 26,851 26,851
  ───────── ─────────
Net book value
At 31 March 2025 3,388 3,388
  ═════════ ═════════
At 31 March 2024 4,320 4,320
  ═════════ ═════════
       
5. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 March 2025.
       
6. Transactions with directors'
 
At 31 March 2025, Ben Wellby owed the company £4,116 (2024: company owed Ben Wellby £4,947). It is intended that this amount will be repaid within nine months of the year end.

Ben Wellby received dividends of £29,061 (2024: £33,060) in the year to 31 March 2025.

At 31 March 2025, Simon Mosse owed the company £4,148 (2024: company owed Simon Mosse £5,701). It is intended that this amount will be repaid within nine months of the year end.

Simon Mosse received dividends of £29,061 (2024: £33,060) in the year to 31 March 2025.