Thinking by Hand Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 09814901 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD

8 OCTOBER 2015 TO 31 OCTOBER 2016

FOR

THINKING BY HAND LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Dr. P A Lynch

Miss A Rose

REGISTERED OFFICE:

48 St Leonards Road

Bexhill on Sea

East Sussex

TN40 1JB

REGISTERED NUMBER:

09814901 (England and Wales)

ACCOUNTANTS:

Honey Barrett Limited

Chartered Accountants

48 St Leonards Road

Bexhill on Sea

East Sussex

TN40 1JB

FIXED ASSETS

Tangible assets

2

347

CURRENT ASSETS

Stocks

1,000

Cash at bank and in hand

877

1,877

CREDITORS

Amounts falling due within one year

5,695

NET CURRENT LIABILITIES

(3,818

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(3,471

)

CAPITAL AND RESERVES

Called up share capital

3

200

Profit and loss account

(3,671

)

SHAREHOLDERS' FUNDS

(3,471

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 October 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 5 July 2017 and were signed
on its behalf by:

Dr. P A Lynch - Director

Miss A Rose - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in

accordance with the Financial Reporting Standard for Smaller Entities (effective January

2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Printing equipment

-

20% on reducing balance

All fixed assets are initially recorded at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date where transactions or events have occurred at that date

that will result in an obligation to pay more, or a right to pay less or to receive more tax, with

the following exceptions:

Provision is made for tax on gains arising from the revaluation (and similar fair value

adjustments) of fixed assets, and gains on disposal of fixed assets that have been rolled

over into replacement assets, only to the extent that, at the balance sheet date, there is a

binding agreement to dispose of the assets concerned. However, no provision is made

where, on the basis of all available evidence at the balance sheet date, it is more likely than

not that the taxable gain will be rolled over into replacement assets and charged to tax only

where the replacement assets are sold.

Deferred tax assets are recognised only to the extent that the directors consider that it is

more likely than not that there will be suitable taxable profits from which the future reversal

of the underlying timing differences can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to

apply in the periods in which timing differences reverse, based on tax rates and laws

enacted or substantively enacted at the balance sheet date.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the

contractual arrangements entered into. An equity instrument is any contract that evidences a

residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are

equivalent to a similar debt instrument, those financial instruments are classed as financial

liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and

gains or losses relating to financial liabilities are included in the profit and loss account.

Finance costs are calculated so as to produce a constant rate of return on the outstanding

liability.

Where the contractual terms of share capital do not have any terms meeting the definition of

a financial liability then this is classed as an equity instrument. Dividends and distributions

relating to equity instruments are debited direct to equity.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

434

At 31 October 2016

434

DEPRECIATION

Charge for period

87

At 31 October 2016

87

NET BOOK VALUE

At 31 October 2016

347

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary A

£1

100

Ordinary B

£1

100

200