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REGISTERED NUMBER: 06641099 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

FOR

ITHOUGHTS LTD

| ITHOUGHTS LTD (REGISTERED NUMBER: 06641099) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| ITHOUGHTS LTD |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 JULY 2025

| DIRECTORS: | G J Van Der Maten

| Mrs D J Van Der Maten

| SECRETARY: | G J Van Der Maten

| REGISTERED OFFICE: | 84 Birkbeck Road

| Beckenham

| Kent

| BR3 4SP

| REGISTERED NUMBER: | 06641099 (England and Wales)

| ACCOUNTANTS: | Keys Accountancy Limited

| 2 Reed Place

| Ware

| Hertfordshire

| SG12 9LW

| ITHOUGHTS LTD (REGISTERED NUMBER: 06641099) |

BALANCE SHEET

31 JULY 2025

| 31.7.25 | 31.7.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 19,463 |  | 30,629 |  |

CURRENT ASSETS

Debtors | 5 | 235,170 |  | 180,600 |  |

Cash at bank | 125,658 |  | 108,204 |  |

360,828 |  | 288,804 |  |

CREDITORS

Amounts falling due within one year | 6 | 106,299 |  | 99,142 |  |

NET CURRENT ASSETS | 254,529 |  | 189,662 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 273,992 |  | 220,291 |  |

CAPITAL AND RESERVES

Called up share capital | 500 |  | 500 |  |

Retained earnings | 273,492 |  | 219,791 |  |

273,992 |  | 220,291 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 April 2026 and were signed on its behalf by:

G J Van Der Maten - Director

| ITHOUGHTS LTD (REGISTERED NUMBER: 06641099) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

1. | STATUTORY INFORMATION

| Ithoughts Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| In previous years the company prepared financial statements in accordance with Financial Reporting Standard 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'. The company is no longer eligible to use the Micro-entities Regime and on 1 August 2023 transitioned to Financial Reporting Standard 102. There are no adjustments for this transition.

| Going concern

| These financial statements have been prepared on a going concern basis.

| The directors have assessed various factors and risks affecting the company and its ability in these difficult economic times to continue to trade as a going concern. The directors have not identified any material uncertainties or risks related to events or conditions that could affect the carrying value of the company's assets and liabilities as at the balance sheet date and therefore the financial statements for the year ended 31 July 2025.

| Significant judgements and estimates

| In the application of the company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources.

| The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from those estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Revenue recognition

| Revenue is recognised in the profit and loss account on the date that services are provided to the customer. Where contracts exist to provide services over a period of time the revenue is recognised on a straight line basis and any income received/invoiced in advance is recognised within creditors.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Plant and machinery etc | - | 20% on cost

| ITHOUGHTS LTD (REGISTERED NUMBER: 06641099) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| Financial assets and liabilities are recognised when the company becomes party to the contractual provisions of the financial instrument. The company holds financial instruments which comprise cash and cash equivalents, trade and other receivables, equity investments, trade and other payables, loans and borrowings. The company has chosen to apply the provisions of Section 11 Basic Financial Instruments.

| Financial assets / liabilities - classified as basic financial instruments

| (i) Cash and cash equivalents

| This includes cash in hand, deposits held with banks, and other short-term highly liquid investments with original maturities of three months or less.

| (ii) Trade and other receivables

| Trade and other receivables are initially recognised at the transaction price, including any transaction costs, and subsequently measured at amortised cost including the effective interest method, less any provision for impairment. Amounts that are receivable within one year are measured at the undiscounted amount of the cash expected to be received, net of any impairment.

| At the end of each reporting period, the company assesses whether there is objective evidence that a receivable amount may be impaired. A provision for impairment is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables. The amount of the provision is the difference between the asset's carrying amount and the present value of the estimated future cash flows, discounted at the effective interest rate. The amount of the provision is recognised immediately in profit or loss.

| (iii) Equity investments

| Equity investments comprise ordinary share capital. Any other equity investments held are initially recognised at fair value, which is the transaction price excluding transaction costs and are subsequently measured at fair value through profit or loss.

| (iv) Trade and other payables and loans and borrowings

| Trade and other payables and loans and borrowings are initially measured at the transaction price, including any transaction price, including any transaction costs, and subsequently measured at amortised cost using the effective interest method.

| Equity

| Equity instruments are classified in accordance with the substance of contractual agreement. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

| Equity instruments issued by the company are recorded at the fair value of the cash or other resources received or receivable net of direct costs of issuing the equity instruments.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| ITHOUGHTS LTD (REGISTERED NUMBER: 06641099) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

2. | ACCOUNTING POLICIES - continued

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 5 (2024 - 5 ) .

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 August 2024

| and 31 July 2025 | 55,833 |  |

| DEPRECIATION

| At 1 August 2024 | 25,204 |  |

| Charge for year | 11,166 |  |

| At 31 July 2025 | 36,370 |  |

| NET BOOK VALUE

| At 31 July 2025 | 19,463 |  |

| At 31 July 2024 | 30,629 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.7.25 |  | 31.7.24

£ | £ |

| Trade debtors | 140,170 |  | 122,850 |  |

| Directors' current accounts | - |  | 9,000 |  |

| Prepayments and accrued income | 95,000 |  | 48,750 |  |

235,170 |  | 180,600 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.7.25 |  | 31.7.24

£ | £ |

| Trade creditors | 9,637 |  | 15,300 |  |

| Tax | 18,286 |  | 8,801 |  |

| Social security and other taxes | 7,911 |  | 8,220 |  |

| VAT | 41,465 |  | 38,226 |  |

| Accrued expenses | 29,000 |  | 28,595 |  |

106,299 |  | 99,142 |  |

| ITHOUGHTS LTD (REGISTERED NUMBER: 06641099) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

7. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 31 July 2025 and 31 July 2024:

| 31.7.25 |  | 31.7.24

£ | £ |

| Mrs D J Van Der Maten

| Balance outstanding at start of year | 9,000 |  | 9,000 |  |

| Amounts advanced | - |  | 9,000 |  |

| Amounts repaid | (9,000 | ) | (9,000 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | - |  | 9,000 |  |

| During the prior year the company made an advance to a director of £9,000. This advance is interest free, unsecured and repayable on demand. It was repaid in full during the year.