Company registration number 06442975 (England and Wales)
THINK WORLDWIDE LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
THINK WORLDWIDE LTD
CONTENTS
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 7
THINK WORLDWIDE LTD
STATEMENT OF FINANCIAL POSITION
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Non-current assets
Property, plant and equipment
5
94,609
97,538
Investments
6
74,762
20,233
169,371
117,771
Current assets
Trade and other receivables
7
319,955
361,154
Cash and cash equivalents
79,103
101,521
399,058
462,675
Current liabilities
8
(237,904)
(194,789)
Net current assets
161,154
267,886
Total assets less current liabilities
330,525
385,657
Non-current liabilities
9
(33,963)
(56,890)
Provisions for liabilities
(15,406)
(19,098)
Net assets
281,156
309,669
Equity
Called up share capital
100
100
Retained earnings
281,056
309,569
Total equity
281,156
309,669
THINK WORLDWIDE LTD
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT
31 DECEMBER 2024
31 December 2024
- 2 -

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 2 September 2025
Mr L Fitzgerald
Director
Company registration number 06442975 (England and Wales)
THINK WORLDWIDE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
1
Accounting policies
Company information

Think Worldwide Ltd is a private company limited by shares incorporated in England and Wales. Registered number 06442975. The registered office is Unit 8, Solent Industrial Estate, Shamblehurst Lane South, Hedge End, Hampshire, United Kingdom, SO30 2FX.

1.1
Accounting convention

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

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Revenue

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods),

Revenue 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 preformed to date to the total estimated contract costs. Turnover is only recognised tot he extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

1.3
Property, plant and equipment

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold land and buildings
12.5% straight line
Plant and equipment
25% reducing balance
Fixtures and fittings
25% reducing balance
Computers
25% reducing balance
Motor vehicles
25% reducing balance
1.4
Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

THINK WORLDWIDE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 4 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items or expense that are taxable or deductible in other year and items tat are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settles or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented with provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

1.5
Leases

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

THINK WORLDWIDE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 5 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
10
11
4
Taxation
2024
2023
£
£
Current tax
UK corporation tax on profits for the current period
16,634
22,099
Deferred tax
Origination and reversal of timing differences
(3,692)
6,447
Total tax charge
12,942
28,546
5
Property, plant and equipment
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 January 2024
-
0
155,344
155,344
Additions
2,245
24,409
26,654
Disposals
-
0
(15,750)
(15,750)
At 31 December 2024
2,245
164,003
166,248
Depreciation and impairment
At 1 January 2024
-
0
57,806
57,806
Depreciation charged in the year
241
24,754
24,995
Eliminated in respect of disposals
-
0
(11,162)
(11,162)
At 31 December 2024
241
71,398
71,639
Carrying amount
At 31 December 2024
2,004
92,605
94,609
At 31 December 2023
-
0
97,538
97,538
THINK WORLDWIDE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 6 -
6
Fixed asset investments
2024
2023
£
£
Other investments other than loans
74,762
20,233
Movements in non-current investments
Investments
£
Cost or valuation
At 1 January 2024
20,233
Additions
50,000
Valuation changes
4,529
At 31 December 2024
74,762
Carrying amount
At 31 December 2024
74,762
At 31 December 2023
20,233
7
Trade and other receivables
2024
2023
Amounts falling due within one year:
£
£
Trade receivables
211,435
250,069
Other receivables
108,520
111,085
319,955
361,154
8
Current liabilities
2024
2023
£
£
Bank loans
9,700
8,900
Trade payables
132,864
102,335
Corporation tax
16,634
22,099
Other taxation and social security
27,584
5,102
Other payables
51,122
56,353
237,904
194,789
THINK WORLDWIDE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 7 -
9
Non-current liabilities
2024
2023
£
£
Bank loans and overdrafts
7,377
17,935
Other payables
26,586
38,955
33,963
56,890
10
Directors' transactions

Dividends totalling £75,000 (2023 - £75,000) were paid in the year in respect of shares held by the company's directors.

11
Ultimate control

The company is controlled by the director.

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