THINK SO LIMITED

2020-10-012021-09-302021-09-30false05687748THINK SO LIMITED2022-05-0370229iso4217:GBPxbrli:pure056877482020-10-01056877482021-09-30056877482020-10-012021-09-30056877482019-10-01056877482020-09-30056877482019-10-012020-09-3005687748bus:SmallEntities2020-10-012021-09-3005687748bus:AuditExempt-NoAccountantsReport2020-10-012021-09-3005687748bus:FullAccounts2020-10-012021-09-3005687748bus:PrivateLimitedCompanyLtd2020-10-012021-09-3005687748core:WithinOneYear2021-09-3005687748core:AfterOneYear2021-09-3005687748core:WithinOneYear2020-09-3005687748core:AfterOneYear2020-09-3005687748core:ShareCapital2021-09-3005687748core:SharePremium2021-09-3005687748core:RevaluationReserve2021-09-3005687748core:OtherReservesSubtotal2021-09-3005687748core:RetainedEarningsAccumulatedLosses2021-09-3005687748core:ShareCapital2020-09-3005687748core:SharePremium2020-09-3005687748core:RevaluationReserve2020-09-3005687748core:OtherReservesSubtotal2020-09-3005687748core:RetainedEarningsAccumulatedLosses2020-09-3005687748core:LandBuildings2021-09-3005687748core:PlantMachinery2021-09-3005687748core:Vehicles2021-09-3005687748core:FurnitureFittings2021-09-3005687748core:OfficeEquipment2021-09-3005687748core:NetGoodwill2021-09-3005687748core:IntangibleAssetsOtherThanGoodwill2021-09-3005687748core:ListedExchangeTraded2021-09-3005687748core:UnlistedNon-exchangeTraded2021-09-3005687748core:LandBuildings2020-09-3005687748core:PlantMachinery2020-09-3005687748core:Vehicles2020-09-3005687748core:FurnitureFittings2020-09-3005687748core:OfficeEquipment2020-09-3005687748core:NetGoodwill2020-09-3005687748core:IntangibleAssetsOtherThanGoodwill2020-09-3005687748core:ListedExchangeTraded2020-09-3005687748core:UnlistedNon-exchangeTraded2020-09-3005687748core:LandBuildings2020-10-012021-09-3005687748core:PlantMachinery2020-10-012021-09-3005687748core:Vehicles2020-10-012021-09-3005687748core:FurnitureFittings2020-10-012021-09-3005687748core:OfficeEquipment2020-10-012021-09-3005687748core:NetGoodwill2020-10-012021-09-3005687748core:IntangibleAssetsOtherThanGoodwill2020-10-012021-09-3005687748core:ListedExchangeTraded2020-10-012021-09-3005687748core:UnlistedNon-exchangeTraded2020-10-012021-09-3005687748core:MoreThanFiveYears2020-10-012021-09-3005687748core:Non-currentFinancialInstruments2021-09-3005687748core:Non-currentFinancialInstruments2020-09-3005687748dpl:CostSales2020-10-012021-09-3005687748dpl:DistributionCosts2020-10-012021-09-3005687748dpl:AdministrativeExpenses2020-10-012021-09-3005687748core:LandBuildings2020-10-012021-09-3005687748core:PlantMachinery2020-10-012021-09-3005687748core:Vehicles2020-10-012021-09-3005687748core:FurnitureFittings2020-10-012021-09-3005687748core:OfficeEquipment2020-10-012021-09-3005687748core:NetGoodwill2020-10-012021-09-3005687748core:IntangibleAssetsOtherThanGoodwill2020-10-012021-09-3005687748dpl:GroupUndertakings2020-10-012021-09-3005687748dpl:ParticipatingInterests2020-10-012021-09-3005687748dpl:GroupUndertakingscore:ListedExchangeTraded2020-10-012021-09-3005687748core:ListedExchangeTraded2020-10-012021-09-3005687748dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2020-10-012021-09-3005687748core:UnlistedNon-exchangeTraded2020-10-012021-09-3005687748dpl:CostSales2019-10-012020-09-3005687748dpl:DistributionCosts2019-10-012020-09-3005687748dpl:AdministrativeExpenses2019-10-012020-09-3005687748core:LandBuildings2019-10-012020-09-3005687748core:PlantMachinery2019-10-012020-09-3005687748core:Vehicles2019-10-012020-09-3005687748core:FurnitureFittings2019-10-012020-09-3005687748core:OfficeEquipment2019-10-012020-09-3005687748core:NetGoodwill2019-10-012020-09-3005687748core:IntangibleAssetsOtherThanGoodwill2019-10-012020-09-3005687748dpl:GroupUndertakings2019-10-012020-09-3005687748dpl:ParticipatingInterests2019-10-012020-09-3005687748dpl:GroupUndertakingscore:ListedExchangeTraded2019-10-012020-09-3005687748core:ListedExchangeTraded2019-10-012020-09-3005687748dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2019-10-012020-09-3005687748core:UnlistedNon-exchangeTraded2019-10-012020-09-3005687748core:NetGoodwill2021-09-3005687748core:IntangibleAssetsOtherThanGoodwill2021-09-3005687748core:LandBuildings2021-09-3005687748core:PlantMachinery2021-09-3005687748core:Vehicles2021-09-3005687748core:FurnitureFittings2021-09-3005687748core:OfficeEquipment2021-09-3005687748core:AfterOneYear2021-09-3005687748core:WithinOneYear2021-09-3005687748core:ListedExchangeTraded2021-09-3005687748core:UnlistedNon-exchangeTraded2021-09-3005687748core:ShareCapital2021-09-3005687748core:SharePremium2021-09-3005687748core:RevaluationReserve2021-09-3005687748core:OtherReservesSubtotal2021-09-3005687748core:RetainedEarningsAccumulatedLosses2021-09-3005687748core:NetGoodwill2020-09-3005687748core:IntangibleAssetsOtherThanGoodwill2020-09-3005687748core:LandBuildings2020-09-3005687748core:PlantMachinery2020-09-3005687748core:Vehicles2020-09-3005687748core:FurnitureFittings2020-09-3005687748core:OfficeEquipment2020-09-3005687748core:AfterOneYear2020-09-3005687748core:WithinOneYear2020-09-3005687748core:ListedExchangeTraded2020-09-3005687748core:UnlistedNon-exchangeTraded2020-09-3005687748core:ShareCapital2020-09-3005687748core:SharePremium2020-09-3005687748core:RevaluationReserve2020-09-3005687748core:OtherReservesSubtotal2020-09-3005687748core:RetainedEarningsAccumulatedLosses2020-09-3005687748core:NetGoodwill2019-10-0105687748core:IntangibleAssetsOtherThanGoodwill2019-10-0105687748core:LandBuildings2019-10-0105687748core:PlantMachinery2019-10-0105687748core:Vehicles2019-10-0105687748core:FurnitureFittings2019-10-0105687748core:OfficeEquipment2019-10-0105687748core:AfterOneYear2019-10-0105687748core:WithinOneYear2019-10-0105687748core:ListedExchangeTraded2019-10-0105687748core:UnlistedNon-exchangeTraded2019-10-0105687748core:ShareCapital2019-10-0105687748core:SharePremium2019-10-0105687748core:RevaluationReserve2019-10-0105687748core:OtherReservesSubtotal2019-10-0105687748core:RetainedEarningsAccumulatedLosses2019-10-0105687748core:AfterOneYear2020-10-012021-09-3005687748core:WithinOneYear2020-10-012021-09-3005687748core:Non-currentFinancialInstrumentscore:CostValuation2020-10-012021-09-3005687748core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2020-10-012021-09-3005687748core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2020-10-012021-09-3005687748core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2020-10-012021-09-3005687748core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2020-10-012021-09-3005687748core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2020-10-012021-09-3005687748core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2020-10-012021-09-3005687748core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2020-10-012021-09-3005687748core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2020-10-012021-09-3005687748core:Non-currentFinancialInstrumentscore:CostValuation2021-09-3005687748core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2021-09-3005687748core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2021-09-3005687748core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2021-09-3005687748core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2021-09-3005687748core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2021-09-3005687748core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2021-09-3005687748core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2021-09-3005687748core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2021-09-3005687748core:Non-currentFinancialInstrumentscore:CostValuation2020-09-3005687748core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2020-09-3005687748core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2020-09-3005687748core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2020-09-3005687748core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2020-09-3005687748core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2020-09-3005687748core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2020-09-3005687748core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2020-09-3005687748core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2020-09-3005687748bus:Director12020-10-012021-09-3005687748bus:Director22020-10-012021-09-3005687748bus:Director32020-10-012021-09-30

THINK SO LIMITED

Registered Number
05687748
(England and Wales)

Unaudited Financial Statements for the Year Ended
30 September 2021

THINK SO LIMITED

Company Information
for the year from 1 October 2020 to 30 September 2021


Directors	M Davies
	T Catling
	J Waddington


Registered Address	Escher House 116 Cardigan Road
	Headingley
	Leeds
	LS6 3BJ


Registered Number	05687748 (England and Wales)

THINK SO LIMITED

Balance Sheet as at
30 September 2021

	Notes	2021		2020
		£	£	£	£
Fixed assets
Intangible assets	5		-		3,433
Tangible assets	6		83,055		50,846
			83,055		54,279
Current assets
Debtors	8	385,744		329,627
Cash at bank and on hand		13,141		102,367
		398,885		431,994
Creditors amounts falling due within one year	9	(242,078)		(196,233)
Net current assets (liabilities)			156,807		235,761
Total assets less current liabilities			239,862		290,040
Provisions for liabilities	10		(15,781)		(9,661)
Net assets			224,081		280,379
Capital and reserves
Called up share capital			150		150
Profit and loss account			223,931		280,229
Shareholders' funds			224,081		280,379

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.

The financial statements were approved and authorised for issue by the Board of Directors on 3 May 2022, and are signed on its behalf by:

M Davies
Director
Registered Company No. 05687748

THINK SO LIMITED

Notes to the Financial Statements
for the year ended 30 September 2021

1.	STATUTORY INFORMATION
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	COMPLIANCE WITH APPLICABLE REPORTING FRAMEWORK
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

3.	ACCOUNTING POLICIES

	Property, plant and equipment policy
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Vehicles	4
	Office Equipment	4

	Intangible assets policy
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Revenue recognition policy
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue recognition policy

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Deferred tax policy
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax policy

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Foreign currency translation and operations policy
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation and operations policy

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Employee benefits policy
	Contributions to defined contribution plans are expensed in the period to which they relate.

4.	EMPLOYEE INFORMATION


		2021		2020
	Average number of employees during the year	9		13

5.	INTANGIBLE ASSETS

	Other	Total
	£	£
Cost or valuation
At 01 October 20	27,165	27,165
At 30 September 21	27,165	27,165
Amortisation and impairment
At 01 October 20	23,732	23,732
Charge for year	3,433	3,433
At 30 September 21	27,165	27,165
Net book value
At 30 September 20	3,433	3,433

6.	PROPERTY, PLANT AND EQUIPMENT

	Vehicles	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 October 20	54,440	56,756	111,196
Additions	49,794	2,232	52,026
At 30 September 21	104,234	58,988	163,222
Depreciation and impairment
At 01 October 20	13,610	46,740	60,350
Charge for year	14,647	5,170	19,817
At 30 September 21	28,257	51,910	80,167
Net book value
At 30 September 21	75,977	7,078	83,055
At 30 September 20	40,830	10,016	50,846

7.	DESCRIPTION OF NATURE OF TRANSACTIONS AND BALANCES WITH RELATED PARTIES
	During the year the company paid 116 Cardigan Road Ltd £22,800 (2020 £22,800) for rent. Mr M Davies is a director of 116 Cardigan Road Ltd.

8.	DEBTORS

	2021	2020
	£	£
Trade debtors / trade receivables	384,093	329,627
Other debtors	1,651	-
Total	385,744	329,627


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

9.	CREDITORS WITHIN ONE YEAR

	2021	2020
	£	£
Trade creditors / trade payables	167,954	121,839
Taxation and social security	49,343	61,024
Other creditors	-	1,507
Accrued liabilities and deferred income	24,781	11,863
Total	242,078	196,233


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

10.	PROVISIONS FOR LIABILITIES

	2021	2020
	£	£
Net deferred tax liability (asset)	15,781	9,661
Total	15,781	9,661