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 2018

Thinkcare Consultancy Ltd

Statement of Financial Position

31 May 2018

	2018
Note	£

Fixed assets

Tangible assets	4	1,275

Current assets

Debtors	5	5,474
Cash at bank and in hand		14,998
		--------
		20,472

Creditors: amounts falling due within one year	6	20,263
		--------
Net current assets		209
		-------
Total assets less current liabilities		1,484
		-------
Net assets		1,484
		-------

Capital and reserves

Profit and loss account	1,484
	-------
Shareholders funds	1,484
	-------

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 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 2018 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 2018

These financial statements were approved by the board of directors and authorised for issue on 24 January 2019 , and are signed on behalf of the board by:

Miss N S Kelly
Director

Company registration number: 10768922

Thinkcare Consultancy Ltd

Notes to the Financial Statements

Year ended 31 May 2018

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

4. Tangible assets

	Fixtures and fittings	Equipment	Total
	£	£	£
Cost
At 1 June 2017	–	–	–
Additions	500	1,200	1,700
	----	-------	-------
At 31 May 2018	500	1,200	1,700
	----	-------	-------
Depreciation
At 1 June 2017	–	–	–
Charge for the year	125	300	425
	----	-------	-------
At 31 May 2018	125	300	425
	----	-------	-------
Carrying amount
At 31 May 2018	375	900	1,275
	----	-------	-------

5. Debtors

	2018
	£
Trade debtors	3,150
Other debtors	2,324
	-------
	5,474
	-------

6. Creditors: amounts falling due within one year

	2018
	£
Corporation tax	9,024
Other creditors	11,239
	--------
	20,263
	--------