Registration number: 13723752

Think EJ Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 7

Think EJ Limited

(Registration number: 13723752)
Balance Sheet as at 30 November 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	42,855	53,395
Current assets
Debtors	6	12,024	23,827
Cash at bank and in hand		115,435	71,670
		127,459	95,497
Creditors: Amounts falling due within one year	7	(118,589)	(98,540)
Net current assets/(liabilities)		8,870	(3,043)
Total assets less current liabilities		51,725	50,352
Provisions for liabilities		(8,142)	(10,145)
Net assets		43,583	40,207
Capital and reserves
Called up share capital		400	400
Retained earnings		43,183	39,807
Shareholders' funds		43,583	40,207

For the financial year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 24 August 2026 and signed on its behalf by:
 

Dr L Ellis-Jones Director

Think EJ Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

1	General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
34 Adel Towers Court
Leeds
LS16 8ER

These financial statements were authorised for issue by the Board on 24 August 2026.

2	Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Think EJ Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	33% straight line
Computer quipment	33% straight line
Motor vehicles	20% straight line
Plant and machinery	20% straight line

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Think EJ Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4	Profit before tax

Arrived at after charging/(crediting)

	2025 £	2024 £
Depreciation expense	14,911	11,894

Think EJ Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

5	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 December 2024	8,348	61,109	-	69,457
Additions	2,143	-	2,269	4,412
Disposals	(1,589)	-	-	(1,589)
At 30 November 2025	8,902	61,109	2,269	72,280
Depreciation
At 1 December 2024	4,308	11,754	-	16,062
Charge for the year	2,517	12,222	173	14,912
Eliminated on disposal	(1,549)	-	-	(1,549)
At 30 November 2025	5,276	23,976	173	29,425
Carrying amount
At 30 November 2025	3,626	37,133	2,096	42,855
At 30 November 2024	4,040	49,355	-	53,395

6

Debtors

Current	2025 £	2024 £
Trade debtors	7,440	22,738
Prepayments	1,284	1,089
Other debtors	3,300	-
	12,024	23,827

Think EJ Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	64,201	51,142
Trade creditors		250	250
Taxation and social security		54,068	47,046
Accruals and deferred income		70	102
		118,589	98,540

Think EJ Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

8	Loans and borrowings

Current loans and borrowings

	2025 £	2024 £
Other borrowings	64,201	51,142