Company Registration No. 07185447 (England and Wales)
Faster Better Cheaper Thinking Limited
Unaudited accounts
for the year ended 31 December 2024
Faster Better Cheaper Thinking Limited
Unaudited accounts
Contents
Faster Better Cheaper Thinking Limited
Company Information
for the year ended 31 December 2024
Directors
Manu Bhardwaj
Phillippa Rose Sharp Bhardwaj
Nishit Mahendra Kumar Parikh
Jeffrey A Sacks
Company Number
07185447 (England and Wales)
Registered Office
4 Forest Drive
Theydon Bois
Essex
CM16 7EY
Accountants
Ratnam Accountants
203 Kilburn High Road
London
NW6 7HY
Faster Better Cheaper Thinking Limited
Statement of financial position
as at 31 December 2024
Tangible assets
2,421
2,996
Cash at bank and in hand
22,441
36,831
Creditors: amounts falling due within one year
(443,912)
(365,681)
Net current liabilities
(378,478)
(300,817)
Total assets less current liabilities
(375,756)
(297,277)
Creditors: amounts falling due after more than one year
(1,506,404)
(1,277,649)
Net liabilities
(1,882,160)
(1,574,926)
Called up share capital
200
200
Share premium
236,437
236,437
Profit and loss account
(2,118,797)
(1,811,563)
Shareholders' funds
(1,882,160)
(1,574,926)
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 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 29 December 2025 and were signed on its behalf by
Manu Bhardwaj
Director
Company Registration No. 07185447
Faster Better Cheaper Thinking Limited
Notes to the Accounts
for the year ended 31 December 2024
Faster Better Cheaper Thinking Limited is a private company, limited by shares, registered in England and Wales, registration number 07185447. The registered office is 4 Forest Drive, Theydon Bois, Essex, CM16 7EY.
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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% Reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
Faster Better Cheaper Thinking Limited
Notes to the Accounts
for the year ended 31 December 2024
5
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2024
17,104
4,910
22,014
At 31 December 2024
17,104
5,128
22,232
At 1 January 2024
17,104
1,914
19,018
Charge for the year
-
793
793
At 31 December 2024
17,104
2,707
19,811
At 31 December 2024
-
2,421
2,421
At 31 December 2023
-
2,996
2,996
Amounts falling due within one year
Trade debtors
30,309
15,349
Other debtors
12,684
12,684
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
9,259
9,259
Trade creditors
168,978
104,526
Taxes and social security
178,323
151,968
Other creditors
29,669
42,718
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Creditors: amounts falling due after more than one year
2024
2023
Bank loans
1,506,404
1,277,649
Mr. Manu Bhardwaj and Mr. Nishit Mahendra Kumar Parikh are the ultimate controlling parties of Faster Better Cheaper Thinking Limited.
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Average number of employees
During the year the average number of employees was 10 (2023: 10).