Thinkcare Consultancy Ltd Filleted accounts for Companies House (small and micro)

Thinkcare Consultancy Ltd Filleted accounts for Companies House (small and micro)

THINKCARE CONSULTANCY LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 10768922
Thinkcare Consultancy Ltd
Filleted Unaudited Financial Statements
31 May 2022
Thinkcare Consultancy Ltd
Statement of Financial Position
31 May 2022
2022
2021
Note
£
£
Fixed assets
Tangible assets
5
2,727
2,381
Current assets
Debtors
6
4,731
4,050
Cash at bank and in hand
84,155
14,973
--------
--------
88,886
19,023
Creditors: amounts falling due within one year
7
65,969
23,342
--------
--------
Net current assets/(liabilities)
22,917
( 4,319)
--------
-------
Total assets less current liabilities
25,644
( 1,938)
--------
-------
Net assets/(liabilities)
25,644
( 1,938)
--------
-------
Capital and reserves
Called up share capital
1
1
Profit and loss account
25,643
( 1,939)
--------
-------
Shareholders funds/(deficit)
25,644
( 1,938)
--------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 May 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Thinkcare Consultancy Ltd
Statement of Financial Position (continued)
31 May 2022
These financial statements were approved by the board of directors and authorised for issue on 16 March 2023 , and are signed on behalf of the board by:
N S Kelly
Director
Company registration number: 10768922
Thinkcare Consultancy Ltd
Notes to the Financial Statements
Year ended 31 May 2022
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hallswelle House, 1 Hallswelle Road, London, NW11 0DH.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
25% reducing balance
Equipment
-
25 % reducing balance
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2021: 1 ).
5. Tangible assets
Fixtures and fittings
Equipment
Total
£
£
£
Cost
At 1 June 2021
1,125
3,858
4,983
Additions
–
1,256
1,256
-------
-------
-------
At 31 May 2022
1,125
5,114
6,239
-------
-------
-------
Depreciation
At 1 June 2021
551
2,051
2,602
Charge for the year
144
766
910
-------
-------
-------
At 31 May 2022
695
2,817
3,512
-------
-------
-------
Carrying amount
At 31 May 2022
430
2,297
2,727
-------
-------
-------
At 31 May 2021
574
1,807
2,381
-------
-------
-------
6. Debtors
2022
2021
£
£
Other debtors
4,731
4,050
-------
-------
7. Creditors: amounts falling due within one year
2022
2021
£
£
Trade creditors
–
162
Corporation tax
28,983
20,458
Social security and other taxes
9,435
658
Nest
157
126
Net pay
1,603
–
Other creditors
25,791
1,938
--------
--------
65,969
23,342
--------
--------