Thought Beanie Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 09895756 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

THOUGHT BEANIE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S P C Harrison

Mr A Morgan

REGISTERED OFFICE:

320 Nexus Building

Discovery Way

Leeds

LS2 3AA

REGISTERED NUMBER:

09895756 (England and Wales)

ACCOUNTANTS:

Lawes & Co

Boyce's Building

40-42 Regent Street

Clifton

Bristol

BS8 4HU

FIXED ASSETS

Intangible assets

4

1

Tangible assets

5

9,079

139

9,080

140

CURRENT ASSETS

Debtors

6

7,544

-

Cash at bank

1,130

1,133

8,674

1,133

CREDITORS

Amounts falling due within one year

7

177,967

172,985

NET CURRENT LIABILITIES

(169,293

)

(171,852

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(160,213

)

(171,712

)

CREDITORS

Amounts falling due after more than
one year

8

(24,315

)

(28,967

)

PROVISIONS FOR LIABILITIES

9

(1,725

)

(26

)

NET LIABILITIES

(186,253

)

(200,705

)

CAPITAL AND RESERVES

Called up share capital

10

288

Share premium

937,887

Retained earnings

(1,124,428

)

(1,138,880

)

SHAREHOLDERS' FUNDS

(186,253

)

(200,705

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by:

Mr A Morgan - Director

1.	STATUTORY INFORMATION

Thought Beanie 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.

Intangible assets

Other intangible fixed assets are not currently amortised due to their nominal value.

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

-

25% on cost

Computer equipment

-

33% on cost

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.

Going concern

The accounts have been prepared on a going concern basis due to the continued support of the company directors and members.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

and 31 December 2024

1

NET BOOK VALUE

At 31 December 2024

1

At 31 December 2023

1

5.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

COST

At 1 January 2024

11,001

9,711

20,712

Additions

11,175

-

11,175

At 31 December 2024

22,176

9,711

31,887

DEPRECIATION

At 1 January 2024

11,001

9,572

20,573

Charge for year

2,096

139

2,235

At 31 December 2024

13,097

9,711

22,808

NET BOOK VALUE

At 31 December 2024

9,079

-

9,079

At 31 December 2023

-

139

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Other debtors

7,544

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Bank loans and overdrafts

11,120

11,004

Trade creditors

12,812

21,108

Taxation and social security

16,482

25,708

Other creditors

137,553

115,165

177,967

172,985

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

31.12.24

31.12.23

£

Bank loans

24,315

28,967

9.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

Deferred tax

Accelerated capital allowances

1,725

26

Deferred

tax

£

Balance at 1 January 2024

26

Accelerated capital allowances

1,699

Balance at 31 December 2024

1,725

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

28,776

Ordinary shares

£0.01

288

11.	RELATED PARTY DISCLOSURES

The directors maintain interest free loan accounts with the company. At the balance sheet date, the company owed £134,952 (2023: £112,562) to the directors.

12.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.