Human Thinking Ltd - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 12390569 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2022

FOR

HUMAN THINKING LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

K Harling

REGISTERED OFFICE:

71-75 Shelton Street

Covent Garden

London

WC2H 9JQ

REGISTERED NUMBER:

12390569 (England and Wales)

ACCOUNTANTS:

Galloways Accounting

Atlas Chambers

33 West Street

Brighton

East Sussex

BN1 2RE

FIXED ASSETS

Tangible assets

4

13,103

7,857

CURRENT ASSETS

Debtors

5

150,917

62,094

Cash at bank

14,358

48,002

165,275

110,096

CREDITORS

Amounts falling due within one year

6

92,189

42,711

NET CURRENT ASSETS

73,086

67,385

TOTAL ASSETS LESS CURRENT LIABILITIES

86,189

75,242

PROVISIONS FOR LIABILITIES

2,490

1,493

NET ASSETS

83,699

73,749

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

83,697

73,747

SHAREHOLDERS' FUNDS

83,699

73,749

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 June 2023 and were signed by:

K Harling - Director

1.	STATUTORY INFORMATION

Human Thinking Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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

Each unit has been rounded to the nearest whole (1) pound.

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.

Fixtures and fittings

-

33% on cost

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transactions price. any losses arising from impairment are recognised in the profit and loss accounts in other administrative expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 December 2021

931

8,930

9,861

Additions

1,723

8,105

9,828

At 30 November 2022

2,654

17,035

19,689

DEPRECIATION

At 1 December 2021

207

1,797

2,004

Charge for year

673

3,909

4,582

At 30 November 2022

880

5,706

6,586

NET BOOK VALUE

At 30 November 2022

1,774

11,329

13,103

At 30 November 2021

724

7,133

7,857

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

130,065

27,160

Other debtors

20,852

34,934

150,917

62,094

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade creditors

17,278

11,025

Taxation and social security

26,730

17,325

Other creditors

48,181

14,361

92,189

42,711