ThinkingSpace Design & Build Ltd - Accounts to registrar (filleted) - small 18.2

ThinkingSpace Design & Build Ltd - Accounts to registrar (filleted) - small 18.2

THINKINGSPACE DESIGN & BUILD LTD - Company Information

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REGISTERED NUMBER: 03942788 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2020

FOR

THINKINGSPACE DESIGN & BUILD LTD
THINKINGSPACE DESIGN & BUILD LTD (REGISTERED NUMBER: 03942788)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THINKINGSPACE DESIGN & BUILD LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2020







DIRECTORS: J N M Hill
A L Howard





REGISTERED OFFICE: Landmark House
17 Hanover Square
London
W1S 1HU





REGISTERED NUMBER: 03942788 (England and Wales)





ACCOUNTANTS: Andrew Cross & Co.
Chartered Accountants
Plaza Building
102 Lee High Road
Lewisham
London
SE13 5PT
Page 1
THINKINGSPACE DESIGN & BUILD LTD (REGISTERED NUMBER: 03942788)

BALANCE SHEET
31 MARCH 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,799 11,733

CURRENT ASSETS
Stocks - 25,000
Debtors 5 46,667 194,109
Cash at bank and in hand 91,203 67,511
137,870 286,620
CREDITORS
Amounts falling due within one year 6 130,312 234,246
NET CURRENT ASSETS 7,558 52,374
TOTAL ASSETS LESS CURRENT
LIABILITIES
16,357
64,107

CAPITAL AND RESERVES
Called up share capital 110 110
Retained earnings 16,247 63,997
SHAREHOLDERS' FUNDS 16,357 64,107

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 notes form part of these financial statements

Page 2 continued...
THINKINGSPACE DESIGN & BUILD LTD (REGISTERED NUMBER: 03942788)

BALANCE SHEET - continued
31 MARCH 2020


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 Board of Directors and authorised for issue on 10 July 2020 and were
signed on its behalf by:




J N M Hill - Director



A L Howard - Director


The notes form part of these financial statements

Page 3
THINKINGSPACE DESIGN & BUILD LTD (REGISTERED NUMBER: 03942788)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020

1. STATUTORY INFORMATION

ThinkingSpace Design & Build 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.

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 represents net invoiced sales of services, 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.
Plant and machinery etc - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in
bringing stocks to their present location and condition.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2019 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2019
and 31 March 2020 41,638
DEPRECIATION
At 1 April 2019 29,905
Charge for year 2,934
At 31 March 2020 32,839
NET BOOK VALUE
At 31 March 2020 8,799
At 31 March 2019 11,733

Page 4 continued...
THINKINGSPACE DESIGN & BUILD LTD (REGISTERED NUMBER: 03942788)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2020

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade debtors 42,460 182,056
Other debtors 4,207 12,053
46,667 194,109

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade creditors 35,539 115,708
Taxation and social security 74,256 78,990
Other creditors 20,517 39,548
130,312 234,246

Page 5