Think Creative Studio Limited

Think Creative Studio Limited
Contents Page
For the year ended 30 June 2025

Company information	1
Directors' report	2
Accountants' report	3
Profit and loss account	4
Balance sheet	5
Notes to the financial statements	6
Statement of changes in equity	7

Think Creative Studio Limited
Company Information
For the year ended 30 June 2025

Directors	Simon Grigg Frances Grigg
Registered Number	04462704
Registered Office	Suite 2 The Mill Stuart Works High Street Stourbridge DY8 4FA
Accountants	Taylorhobbs Limited Cherry Trees Barn Walcot Lane Pershore WR10 2AL

1

Think Creative Studio Limited
Directors' Report
For the year ended 30 June 2025

Director's report and financial statements

The directors present his/her/their annual report and the financial statements for the year ended 30 June 2025

Principal activities

The companys principal activity during the year was that of graphic design.

Directors

The directors who served the company throughout the year were as follows:

Simon Grigg

Frances Grigg

Statement of directors' responsibilities

The directors are responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to

select suitable accounting policies and then apply them consistently
make judgments and accounting estimates that are reasonable and prudent
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business

The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

This report was approved by the board and signed on its behalf by:

----------------------------------
Simon Grigg
Director

Date approved: 30 September 2025

2

Think Creative Studio Limited Accountants' Report For the year ended 30 June 2025
Accountants report You consider that the company is exempt from an audit for the year ended 30 June 2025 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. .................................................... Taylorhobbs Limited Cherry Trees Barn Walcot Lane Pershore WR10 2AL 30 September 2025 3

Think Creative Studio Limited
Accountants' Report
For the year ended 30 June 2025

Accountants report

You consider that the company is exempt from an audit for the year ended 30 June 2025 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.

In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.

We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.

....................................................

Taylorhobbs Limited
Cherry Trees Barn
Walcot Lane
Pershore
WR10 2AL
30 September 2025

3

Think Creative Studio Limited
Profit and Loss Account
For the year ended 30 June 2025

	2025 £	2024 £
Turnover	910,425	934,153
Cost of sales	(565,972)	(638,901)
Gross profit	344,453	295,252
Administrative expenses	(196,462)	(195,218)
Operating profit	147,991	100,034
Other interest receivable and similar income	897	944
Interest payable and similar charges	(914)	(1,545)
Profit/(Loss) on ordinary activities before taxation	147,974	99,433
Tax on profit on ordinary activities	(37,346)	(25,512)
Profit/(Loss) for the financial year	110,628	73,921

4

Registered Number: 04462704 Think Creative Studio Limited
Balance Sheet
As at 30 June 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	22,570	19,170
		22,570	19,170
Current assets
Debtors	4	178,173	151,280
Cash at bank and in hand		91,903	88,273
		270,076	239,553
Creditors: amount falling due within one year	5	(175,137)	(162,509)
Net current assets		94,939	77,044

Total assets less current liabilities		117,509	96,214
Creditors: amount falling due after more than one year	6	-	(9,168)
Provisions for liabilities	7	(5,426)	(4,591)
Net assets		112,083	82,455

Capital and reserves
Called up share capital	8	1,000	1,000
Profit and loss account		111,083	81,455
Shareholders' funds		112,083	82,455

For the year ended 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 profit and loss account has not been delivered to the Registrar of Companies.

The financial statements were approved by the board of directors on 30 September 2025 and were signed on its behalf by:

-------------------------------
Simon Grigg
Director

5

Think Creative Studio Limited
Statement of Changes in Equity
For the year ended 30 June 2025

	Equity share capital	Retained Earnings	Total
	£	£	£
At 01 July 2023	1,000	151,334	152,334
Profit for the year		73,921	73,921
Total comprehensive income for the year	-	73,921	73,921
Dividends		(143,800)	(143,800)
Total investments by and distributions to owners	-	(143,800)	(143,800)
At 30 June 2024	1,000	81,455	82,455
At 01 July 2024	1,000	81,455	82,455
Profit for the year		110,628	110,628
Total comprehensive income for the year	-	110,628	110,628
Dividends		(81,000)	(81,000)
Total investments by and distributions to owners	-	(81,000)	(81,000)
At 30 June 2025	1,000	111,083	112,083

6

Think Creative Studio Limited
Notes to the Financial Statements
For the year ended 30 June 2025

General Information

Think Creative Studio Limited is a private company, limited by shares, registered in England and Wales, registration number 04462704, registration address Suite 2 The Mill Stuart Works, High Street, Stourbridge, DY8 4FA.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Revenue from contracts for the provision of services is recognised by reference to the stage of completion and where the amount of revenue can be measured reliably.

Finance lease and hire purchase charges

The finance element of the rental payment is charged to the profit and loss account on a straight line basis.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.

Dividends

Proposed dividends are only included as liabilities in the balance sheet when their payment has been approved by the shareholders prior to the balance sheet date.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery	20% Reducing Balance
Fixtures and Fittings	20% Reducing Balance
Camera Equipment	20% Reducing Balance

Assets on finance lease and hire purchase

Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 9 (2024 : 10).

3.

Tangible fixed assets

Cost or valuation	Plant and Machinery	Fixtures and Fittings	Camera Equipment	Improvements to property	Total
	£	£	£	£	£
At 01 July 2024	74,843	17,320	28,279	16,853	137,295
Additions	-	3,797	5,864	-	9,661
Disposals	-	-	-	-	-
At 30 June 2025	74,843	21,117	34,143	16,853	146,956
Depreciation
At 01 July 2024	67,425	15,302	18,545	16,853	118,125
Charge for year	1,978	1,163	3,120	-	6,261
On disposals	-	-	-	-	-
At 30 June 2025	69,403	16,465	21,665	16,853	124,386
Net book values
Closing balance as at 30 June 2025	5,440	4,652	12,478	-	22,570
Opening balance as at 01 July 2024	7,418	2,018	9,734	-	19,170

4.

Debtors: amounts falling due within one year

	2025 £	2024 £
Trade Debtors	166,900	141,045
Prepayments & Accrued Income	9,233	10,235
Other Debtors	2,040	-
	178,173	151,280

5.

Creditors: amount falling due within one year

	2025 £	2024 £
Trade Creditors	63,582	64,474
Bank Loans & Overdrafts	9,167	10,000
Corporation Tax	36,553	23,915
PAYE & Social Security	4,285	3,624
Accrued Expenses	20,368	14,293
Other Creditors	-	5,684
Directors' Current Accounts	434	163
VAT	40,748	40,356
	175,137	162,509

The Company took out a Bounce Back Loan of £50,000 on 21st May 2020, repayable over a six year term with a fixed interest rate of 2.5%. There is automatically one year with no repayments or interest nd the Business Interuption payment of £1,250, is payable by the government. Included within creditors due within 1 year ia an amount of £9,167. Repayments of £833.33 commenced on June 2021.

6.

Creditors: amount falling due after more than one year

	2025 £		2024 £
Bank Loans & Overdrafts	-		9,168
	-		9,168

7.

Provisions for liabilities

	2025 £		2024 £
Deferred Tax	5,426		4,591
	5,426		4,591

8.

Share Capital

Authorised
1,000 Class A shares of £1.00 each

Allotted, called up and fully paid	2025 £		2024 £
1,000 Class A shares of £1.00 each	1,000		1,000
	1,000		1,000

9.	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.

7

Registered Number: 04462704
England and Wales
Unaudited Financial Statements

for the year ended 30 June 2025
for
THINK CREATIVE STUDIO LIMITED