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Company Registration No. 04579197 (England and Wales)
Thinking Hands Ltd Unaudited accounts for the year ended 31 October 2025
Thinking Hands Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Thinking Hands Ltd Company Information for the year ended 31 October 2025
Directors
Mr J M Lawrence Mrs R A Lawrence
Secretary
Mrs R A Lawrence
Company Number
04579197 (England and Wales)
Registered Office
Rose Cottage 79C South Street South Molton Devon EX36 4AG England
Accountants
Cosmos Accounting Limited 15 Waylands Corner Tiverton Devon EX16 6PN
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Thinking Hands Ltd Statement of financial position as at 31 October 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
28,319
29,320
Current assets
Inventories
2,000
2,000
Debtors
5
-
344
Cash at bank and in hand
19,371
9,395
21,371
11,739
Creditors: amounts falling due within one year
6
(16,435)
(16,256)
Net current assets/(liabilities)
4,936
(4,517)
Total assets less current liabilities
33,255
24,803
Creditors: amounts falling due after more than one year
7
(10,612)
(13,405)
Net assets
22,643
11,398
Capital and reserves
Called up share capital
2
2
Share premium
9,998
9,998
Profit and loss account
12,643
1,398
Shareholders' funds
22,643
11,398
For the year ending 31 October 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 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 16 July 2026 and were signed on its behalf by
Mr J M Lawrence Director Company Registration No. 04579197
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Thinking Hands Ltd Notes to the Accounts for the year ended 31 October 2025
1
Statutory information
Thinking Hands Ltd is a private company, limited by shares, registered in England and Wales, registration number 04579197. The registered office is Rose Cottage, 79C South Street, South Molton, Devon, EX36 4AG, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
15% reducing balance basis
Fixtures & fittings
15% reducing balance basis
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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Thinking Hands Ltd Notes to the Accounts for the year ended 31 October 2025
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 November 2024
56,465
13,493
69,958
Additions
3,357
203
3,560
At 31 October 2025
59,822
13,696
73,518
Depreciation
At 1 November 2024
27,647
12,991
40,638
Charge for the year
4,478
83
4,561
At 31 October 2025
32,125
13,074
45,199
Net book value
At 31 October 2025
27,697
622
28,319
At 31 October 2024
28,818
502
29,320
5
Debtors
2025
2024
£
£
Amounts falling due after more than one year
Trade debtors
-
344
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
2,558
2,543
Trade creditors
3,175
4,021
Taxes and social security
8,971
6,622
Other creditors
-
2,259
Loans from directors
1,731
811
16,435
16,256
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
10,612
13,405
8
Average number of employees
During the year the average number of employees was 2 (2024: 3).
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