| Thinking Matters Holdings Limited |
| Registered number: |
07698927 |
| Balance Sheet |
| as at 31 July 2020 |
|
| Notes |
|
|
2020 |
|
|
2019 |
| £ |
£ |
| Current assets |
| Debtors |
3 |
|
8,762 |
|
|
22,861 |
| Cash at bank and in hand |
|
|
24,311 |
|
|
7,986 |
|
|
|
33,073 |
|
|
30,847 |
|
| Creditors: amounts falling due within one year |
4 |
|
(127,217) |
|
|
(55,685) |
|
| Net current liabilities |
|
|
|
(94,144) |
|
|
(24,838) |
|
| Total assets less current liabilities |
|
|
|
(94,144) |
|
|
(24,838) |
|
| Creditors: amounts falling due after more than one year |
5 |
|
|
- |
|
|
- |
|
|
|
| Net liabilities |
|
|
|
(94,144) |
|
|
(24,838) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
600 |
|
|
600 |
| Share premium |
|
|
|
74,400 |
|
|
74,400 |
| Profit and loss account |
|
|
|
(169,144) |
|
|
(99,838) |
|
| Shareholders' funds |
|
|
|
(94,144) |
|
|
(24,838) |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| 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. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| A Wade |
| Director |
| Approved by the board on 17 September 2020 |
|
| Thinking Matters Holdings Limited |
| Notes to the Accounts |
| for the year ended 31 July 2020 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Covid-19 |
|
The pandemic of Covid-19 caused the both the cancellation of the company's annual conference which contributes significantly to its turnover and a number of scheduled training days. However the directors have taken steps to mitigate the downturn in income and in conjunction with ongoing support from the directors and shareholders, consider the business able to meet its financial obligations for the foreseeable future. Accordingly, the directors consider it appropriate to continue to prepare the financial statements on a going concern basis. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
| 2 |
Employees |
2020 |
|
2019 |
| Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Debtors |
2020 |
|
2019 |
| £ |
£ |
|
|
Trade debtors |
(238) |
|
13,861 |
|
Other debtors |
9,000 |
|
9,000 |
|
|
|
|
|
|
8,762 |
|
22,861 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
2020 |
|
2019 |
| £ |
£ |
|
|
Trade creditors |
26,742 |
|
5,496 |
|
Taxation and social security costs |
(349) |
|
(596) |
|
Other creditors |
100,824 |
|
50,785 |
|
|
|
|
|
|
127,217 |
|
55,685 |
|
|
|
|
|
|
|
|
|
| 6 |
Related party transactions |
|
|
During the year, the company received additional loans of £50,000 from its directors. The loans are repayable upon demand and are interest free. At the balance sheet date, the loans were still outstanding and are presented within creditors: amounts falling due within one year. |
|
|
| 7 |
Other information |
|
|
Thinking Matters Holdings Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
|
Lower Herdswick Farm |
|
Lower Herdswick |
|
Ogbourne St George |
|
Marlborough |
|
Wilts |
|
SN8 1SY |
