REGISTERED NUMBER: 07117183 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 MARCH 2024

FOR

THINK BIG GLOBAL LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

69,367

82,947

CURRENT ASSETS

Stocks

357,164

317,813

Debtors

5

31,228

23,798

Cash at bank

808

1,852

389,200

343,463

CREDITORS

Amounts falling due within one year

6

275,108

313,700

NET CURRENT ASSETS

114,092

29,763

TOTAL ASSETS LESS CURRENT LIABILITIES

183,459

112,710

CREDITORS

Amounts falling due after more than one year

7

105,917

105,917

NET ASSETS

77,542

6,793

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

77,442

6,693

77,542

6,793

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 March 2024 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 August 2026 and were signed on its behalf by:

Mr S M Newell - Director

1.	STATUTORY INFORMATION

Think Big Global Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

07117183

Registered office:

PO Box 4385

07117183 Companies House Default Address

Cardiff

CF14 8LH

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Office fixtures & equipment

-

25% on reducing balance

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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 NIL (2023 - 11 ).

4.	TANGIBLE FIXED ASSETS

Office

Plant and

fixtures

machinery

& equipment

Totals

£

£

£

COST

At 30 March 2023

and 29 March 2024

37,000

98,405

135,405

DEPRECIATION

At 30 March 2023

832

51,626

52,458

Charge for year

5,425

8,155

13,580

At 29 March 2024

6,257

59,781

66,038

NET BOOK VALUE

At 29 March 2024

30,743

38,624

69,367

At 29 March 2023

36,168

46,779

82,947

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Office

Plant and

fixtures

machinery

& equipment

Totals

£

£

£

COST

At 30 March 2023

and 29 March 2024

37,000

47,184

84,184

DEPRECIATION

At 30 March 2023

832

11,796

12,628

Charge for year

5,425

5,308

10,733

At 29 March 2024

6,257

17,104

23,361

NET BOOK VALUE

At 29 March 2024

30,743

30,080

60,823

At 29 March 2023

36,168

35,388

71,556

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.3.24

29.3.23

£

£

Trade debtors

22,515

22,515

Other debtors

8,713

1,283

31,228

23,798

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.3.24

29.3.23

£

£

Bank loans and overdrafts

2,100

2,500

Hire purchase contracts

15,976

16,226

Trade creditors

81,598

81,048

Amounts owed to group undertakings

23,172

61,764

Taxation and social security

41,308

41,208

Other creditors

110,954

110,954

275,108

313,700

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

29.3.24

29.3.23

£

£

Bank loans

47,500

47,500

Hire purchase contracts

58,417

58,417

105,917

105,917

8.	SECURED DEBTS

The following secured debts are included within creditors:

29.3.24

29.3.23

£

£

Hire purchase contracts

74,393

74,643