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Company Registration No. 06429173 (England and Wales)
Thinksense.ai Limited Unaudited accounts for the year ended 31 March 2024
Thinksense.ai Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Thinksense.ai Limited Company Information for the year ended 31 March 2024
Directors
Richa Jhabak Samir Jayantilal Parekh
Company Number
06429173 (England and Wales)
Registered Office
132 Welcomes Road Kenley Surrey CR8 5HH England
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Thinksense.ai Limited Statement of financial position as at 31 March 2024
2024
2023
Notes
£
£
Current assets
Debtors
4
102,398
17,398
Cash at bank and in hand
37,263
180,045
139,661
197,443
Creditors: amounts falling due within one year
5
(12,178)
(10,835)
Net current assets
127,483
186,608
Total assets less current liabilities
127,483
186,608
Creditors: amounts falling due after more than one year
6
(34,917)
(45,551)
Net assets
92,566
141,057
Capital and reserves
Called up share capital
100
100
Profit and loss account
92,466
140,957
Shareholders' funds
92,566
141,057
For the year ending 31 March 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 directors acknowledge their 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 of Directors and authorised for issue on 18 November 2025 and were signed on its behalf by
Samir Jayantilal Parekh Director Company Registration No. 06429173
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Thinksense.ai Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Thinksense.ai Limited is a private company, limited by shares, registered in England and Wales, registration number 06429173. The registered office is 132 Welcomes Road, Kenley, Surrey, CR8 5HH, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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.
Going concern
The financial statements have been prepared on a going concern basis. The company incurred a loss of £48,491 for the year ended 31st March 2024. However the Company had net current assets of £92,566 at the reporting date. These conditions indicate the existence of a material certainty over the company’s ability to continue as a going concern. On the basis of the forecasts and the actions available, the directors believe that the company will have sufficient resources to meet its liabilities as they fall due for at least 12 months from the date of signing the accounts.
4
Debtors
2024
2023
£
£
Amounts falling due within one year
Trade debtors
1,000
1,000
Accrued income and prepayments
85,000
-
Other debtors
16,398
16,398
102,398
17,398
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
5,398
-
Other creditors
4,756
9,577
Loans from directors
1,024
542
Accruals
1,000
716
12,178
10,835
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Thinksense.ai Limited Notes to the Accounts for the year ended 31 March 2024
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
34,917
45,551
The company received a Bounce Back Loan under the UK government’s coronavirus support scheme. The loan was advanced by the company’s bank. The loan is 100% government-guaranteed under the Bounce Back Loan Scheme.
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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