REGISTERED NUMBER: 07744071 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2025

FOR

THINK WORKS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mr S D G Clarkson

REGISTERED OFFICE:

17 Moor Park Avenue

Preston

Lancashire

PR1 6AS

REGISTERED NUMBER:

07744071 (England and Wales)

ACCOUNTANTS:

SBCA Chartered Accountants

17 Moor Park Avenue

Preston

Lancashire

PR1 6AS

FIXED ASSETS

Intangible assets

4

23,385

10,240

Tangible assets

5

28,513

36,339

51,898

46,579

CURRENT ASSETS

Stocks

6

1,388

472

Debtors

7

109,692

102,851

Cash at bank

96,936

77,124

208,016

180,447

CREDITORS

Amounts falling due within one year

8

(229,835

)

(209,645

)

NET CURRENT LIABILITIES

(21,819

)

(29,198

)

TOTAL ASSETS LESS CURRENT LIABILITIES

30,079

17,381

CREDITORS

Amounts falling due after more than one year

9

-

(8,090

)

PROVISIONS FOR LIABILITIES

11

(7,128

)

(9,085

)

NET ASSETS

22,951

206

CAPITAL AND RESERVES

Called up share capital

12

100

100

Retained earnings

13

22,851

106

SHAREHOLDERS' FUNDS

22,951

206

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

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

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 11th May 2026 and were signed by:

Mr S D G Clarkson - Director

1.	STATUTORY INFORMATION

Think Works 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 represents the net invoice value of services provided, excluding value added tax.

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.

Development costs are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets

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

Training tools

-

33% on cost

Fixtures and fittings

-

15% on cost

Motor vehicles

-

15% on cost

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Basic financial assets:

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future cash flows discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities:

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities:

Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future cash flows discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if the payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest rate method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1st September 2024

27,430

Additions

20,800

At 31st August 2025

48,230

AMORTISATION

At 1st September 2024

17,190

Charge for year

7,655

At 31st August 2025

24,845

NET BOOK VALUE

At 31st August 2025

23,385

At 31st August 2024

10,240

5.	TANGIBLE FIXED ASSETS

Fixtures

Training

and

Motor

Computer

tools

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1st September 2024

7,155

11,299

51,748

17,753

87,955

Additions

-

-

-

3,422

3,422

Disposals

-

-

-

(10,768

)

(10,768

)

At 31st August 2025

7,155

11,299

51,748

10,407

80,609

DEPRECIATION

At 1st September 2024

7,155

7,759

22,639

14,063

51,616

Charge for year

-

1,338

7,762

2,148

11,248

Eliminated on disposal

-

-

-

(10,768

)

(10,768

)

At 31st August 2025

7,155

9,097

30,401

5,443

52,096

NET BOOK VALUE

At 31st August 2025

-

2,202

21,347

4,964

28,513

At 31st August 2024

-

3,540

29,109

3,690

36,339

6.

STOCKS

31.8.25

31.8.24

£

£

Stocks

1,388

472

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade debtors

40,929

63,900

Other debtors

68,763

38,951

109,692

102,851

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans and overdrafts (see note 10)

7,840

10,001

Trade creditors

1,547

4,577

Taxation and social security

118,274

93,709

Other creditors

102,174

101,358

229,835

209,645

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans (see note 10)

-

8,090

10.

LOANS

An analysis of the maturity of loans is given below:

31.8.25

31.8.24

£

£

Amounts falling due within one year or on demand:

Bank loans

7,840

10,001

Amounts falling due between one and two years:

Bank loans - 1-2 years

-

8,090

11.	PROVISIONS FOR LIABILITIES

31.8.25

31.8.24

£

£

Deferred tax

7,128

9,085

Deferred

tax

£

Balance at 1st September 2024

9,085

Provided during year

(1,957

)

Balance at 31st August 2025

7,128

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.25

31.8.24

value:

£

£

50

A Ordinary

£1

50

50

50

B Ordinary

£1

50

50

100

100

13.

RESERVES

Retained

earnings

£

At 1st September 2024

106

Profit for the year

243,680

Dividends

(220,935

)

At 31st August 2025

22,851

14.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the period amounts were advanced totalling £326,431 with credits of £297,532. At the balance sheet date the amount owed from the director was £67,028 (2024; £38,129). Interest has been charged on overdrawn balances at the official rate. Amounts are unsecured and repayable on demand.