Company Registration No. 7940643 (England and Wales)
Thinkadvert Ltd
Unaudited accounts
for the year ended 31 March 2025
Thinkadvert Ltd
Unaudited accounts
Contents
Thinkadvert Ltd
Company Information
for the year ended 31 March 2025
Company Number
7940643 (England and Wales)
Registered Office
4 Scottwell Drive
Scottwell Drive
London
NW9 6QA
England
Thinkadvert Ltd
Statement of financial position
as at 31 March 2025
Cash at bank and in hand
70,930
39,695
Creditors: amounts falling due within one year
(52,438)
(57,921)
Net current assets
40,203
4,109
Called up share capital
1
1
Profit and loss account
41,073
5,197
Shareholders' funds
41,074
5,198
For the year ending 31 March 2025 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 12 December 2025 and were signed on its behalf by
M Fugallo
Director
Company Registration No. 7940643
Thinkadvert Ltd
Notes to the Accounts
for the year ended 31 March 2025
Thinkadvert Ltd is a private company, limited by shares, registered in England and Wales, registration number 7940643. The registered office is 4 Scottwell Drive, Scottwell Drive, London, NW9 6QA, 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.
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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% on cost
Computer equipment
20% on cost
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Thinkadvert Ltd
Notes to the Accounts
for the year ended 31 March 2025
Expenditure on research and development is written off in the year in which it is incurred.
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Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2024
129
5,593
5,722
At 31 March 2025
129
5,593
5,722
At 1 April 2024
129
4,504
4,633
Charge for the year
-
218
218
At 31 March 2025
129
4,722
4,851
At 31 March 2025
-
871
871
At 31 March 2024
-
1,089
1,089
Amounts falling due within one year
Trade debtors
21,709
21,987
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
9,714
6,998
Loans from directors
40,698
49,227
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Transactions with related parties
Include in other creditors is the amount of £40,698 (2024: £49,227) owed by the company to the director Mr M Fugallo.
During the period interim dividends of £5,000 (2024: £26,000) were distributed to the director.
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Average number of employees
During the year the average number of employees was 2 (2024: 2).