Think Electrical Solutions Limited

Think Electrical Solutions Limited
Balance Sheet
As at 31 January 2026

	Notes	2026 £	2025 £
Fixed assets
Tangible fixed assets	3	34,394	31,380
		34,394	31,380
Current assets
Stocks	4	0	39,547
Debtors	5	673,667	445,956
Cash at bank and in hand		168,949	155,679
		842,616	641,182
Creditors: amount falling due within one year	6	(314,500)	(188,591)
Net current assets		528,116	452,591

Total assets less current liabilities		562,510	483,971
Provisions for liabilities	7	(5,749)	(7,845)
Net assets		556,761	476,126

Capital and reserves
Called up share capital		20	20
Profit and loss account		556,741	476,106
Shareholders' funds		556,761	476,126

For the year ended 31 January 2026 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.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The financial statements were approved by the board of directors on 12 October 2026 and were signed on its behalf by:

-------------------------------
Mr C Boddy
Director

Think Electrical Solutions Limited
Notes to the Financial Statements
For the year ended 31 January 2026

General Information

Think Electrical Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 11777161, registration address Suite 6 , Madison Offices, Pudsey, West Yorkshire, LS28 6LE.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Finance lease and hire purchase charges

The finance element of the rental payment is charged to the profit and loss account on a straight line basis.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and machinery etc

25% RB

Assets on finance lease and hire purchase

Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 4 (2025 : 3).

Tangible fixed assets

Cost or valuation	Plant and machinery etc	Total
	£	£
At 01 February 2025	58,153	58,153
Additions	14,478	14,478
Disposals	-	-
At 31 January 2026	72,631	72,631
Depreciation
At 01 February 2025	26,773	26,773
Charge for year	11,464	11,464
On disposals	-	-
At 31 January 2026	38,237	38,237
Net book values
Closing balance as at 31 January 2026	34,394	34,394
Opening balance as at 01 February 2025	31,380	31,380

Stocks

	2026 £		2025 £
Stocks	0		39,547
	0		39,547

Debtors: amounts falling due within one year

	2026 £	2025 £
Trade Debtors	296,053	174,492
Other Debtors	377,614	271,464
	673,667	445,956

Creditors: amount falling due within one year

	2026 £	2025 £
Trade Creditors	125,396	71,635
Taxation and Social Security	87,246	60,272
Other Creditors	101,858	56,684
	314,500	188,591

Provisions for liabilities

	2026 £		2025 £
Deferred Tax	5,749		7,845
	5,749		7,845