Company Registration No. 03694025 (England and Wales)
Thinking In Fields Ltd
Unaudited accounts
for the year ended 31 December 2024
Thinking In Fields Ltd
Unaudited accounts
Contents
Thinking In Fields Ltd
Company Information
for the year ended 31 December 2024
Company Number
03694025 (England and Wales)
Registered Office
20-22 Wenlock Road
London
N1 7GU
United Kingdom
Accountants
Multiply Accountancy Limited
71-75 Shelton Street
London
WC2H 9JQ
Thinking In Fields Ltd
Statement of financial position
as at 31 December 2024
Cash at bank and in hand
10,846
18,614
Creditors: amounts falling due within one year
(15,186)
(40,999)
Net current assets
299,328
321,115
Net assets
300,060
322,130
Called up share capital
154,230
154,230
Share premium
116,870
116,870
Profit and loss account
28,960
51,030
Shareholders' funds
300,060
322,130
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 September 2025 and were signed on its behalf by
David Finch
Director
Company Registration No. 03694025
Thinking In Fields Ltd
Notes to the Accounts
for the year ended 31 December 2024
Thinking In Fields Ltd is a private company, limited by shares, registered in England and Wales, registration number 03694025. The registered office is 20-22 Wenlock Road, London, N1 7GU, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% Straight Line
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover 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 performed to date to the total estimated contract costs.
4
Tangible fixed assets
Computer equipment
Thinking In Fields Ltd
Notes to the Accounts
for the year ended 31 December 2024
Amounts falling due within one year
Accrued income and prepayments
2,251
-
Other debtors
33,667
33,667
Amounts falling due after more than one year
Other debtors
267,750
309,833
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
1,621
339
Taxes and social security
10,208
10,732
Other creditors
1,488
29,827
7
Post balance sheet events
Subsequent to the reporting date, the company reached a settlement regarding the sale of its subsidiary in 2023. Under the original agreement, part of the consideration was due after more than one year. The settlement results in the remaining amounts being repayable within one year of the balance sheet date. The amounts and terms of this settlement could not be reliably estimated at the reporting date and, accordingly, no adjustment has been made to the financial statements.
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).