REGISTERED NUMBER: 04109488 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2025

for

Think Employment Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

R W R Hallam

Mrs H J Wild-Hallam

SECRETARY:

Ms A Dennehy

REGISTERED OFFICE:

Provincial House

140 Victoria Street

Grimsby

North East Lincolnsh

DN31 1NX

REGISTERED NUMBER:

04109488 (England and Wales)

ACCOUNTANTS:

Cantelowes Ltd

1 Royal Exchange Avenue

London

EC3V 3LT

FIXED ASSETS

Intangible assets

4

1

1

Tangible assets

5

86,765

103,075

Investments

6

-

11,184

86,766

114,260

CURRENT ASSETS

Debtors

7

2,306,574

1,259,229

Cash at bank and in hand

225,018

848,503

2,531,592

2,107,732

CREDITORS

Amounts falling due within one year

8

368,011

488,985

NET CURRENT ASSETS

2,163,581

1,618,747

TOTAL ASSETS LESS CURRENT LIABILITIES

2,250,347

1,733,007

CAPITAL AND RESERVES

Called up share capital

53

53

Capital redemption reserve

50

50

Retained earnings

2,250,244

1,732,904

2,250,347

1,733,007

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 28 April 2026 and were signed on its behalf by:

R W R Hallam - Director

1.	STATUTORY INFORMATION

Think Employment Limited 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.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Investments in associates

Investments in associate undertakings are recognised at cost.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

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.

Going concern

As with most business we have been impacted by the Coronavirus (Covid 19). This has had an impact on our operations, customer, suppliers, and staff. We have (where appropriate) utilised the grant and benefit available for the Government and are taking steps we can to protect the future of our business. Although the total impact is still uncertain the directors believe that it is appropriate to prepare the accounts on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 80 (2024 - 58 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 August 2024

and 31 July 2025

7,000

AMORTISATION

At 1 August 2024

and 31 July 2025

6,999

NET BOOK VALUE

At 31 July 2025

1

At 31 July 2024

1

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2024

141,709

Additions

20,959

At 31 July 2025

162,668

DEPRECIATION

At 1 August 2024

38,634

Charge for year

37,269

At 31 July 2025

75,903

NET BOOK VALUE

At 31 July 2025

86,765

At 31 July 2024

103,075

6.	FIXED ASSET INVESTMENTS

Interest

in

associate

£

COST

At 1 August 2024

11,184

Additions

19,850

Disposals

(31,034

)

At 31 July 2025

-

NET BOOK VALUE

At 31 July 2025

-

At 31 July 2024

11,184

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

496,290

560,978

Other debtors

1,810,284

698,251

2,306,574

1,259,229

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

101,670

86,953

Taxation and social security

172,497

363,376

Other creditors

93,844

38,656

368,011

488,985

9.	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:

2025

2024

£

£

R W R Hallam

Balance outstanding at start of year

(11,056

)

(50,505

)

Amounts advanced

50,879

124,449

Amounts repaid

(40,000

)

(85,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(177

)

(11,056

)