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REGISTERED NUMBER: 08846272 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 MARCH 2023

FOR

ABOUT TIME LTD

ABOUT TIME LTD (REGISTERED NUMBER: 08846272)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ABOUT TIME LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 MARCH 2023







DIRECTOR: J J Douglas





REGISTERED OFFICE: 18 Lovett Green
Sharpenhoe
MK45 4SP





REGISTERED NUMBER: 08846272 (England and Wales)





ACCOUNTANTS: Landers Accountants Ltd
Church View Chambers
38 Market Square
Toddington
Bedfordshire
LU5 6BS

ABOUT TIME LTD (REGISTERED NUMBER: 08846272)

BALANCE SHEET
30 MARCH 2023

30.3.23 30.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,942 2,411
Investments 5 8,301 10,628
25,243 13,039

CURRENT ASSETS
Debtors 6 132,725 108,208
Cash at bank 17,862 13,420
150,587 121,628
CREDITORS
Amounts falling due within one year 7 120,900 128,930
NET CURRENT ASSETS/(LIABILITIES) 29,687 (7,302 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,930

5,737

PROVISIONS FOR LIABILITIES 4,235 -
NET ASSETS 50,695 5,737

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 50,694 5,736
50,695 5,737

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 2023 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.

ABOUT TIME LTD (REGISTERED NUMBER: 08846272)

BALANCE SHEET - continued
30 MARCH 2023


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 and authorised for issue by the director and authorised for issue on 14 September 2023 and were signed by:





J J Douglas - Director


ABOUT TIME LTD (REGISTERED NUMBER: 08846272)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2023

1. STATUTORY INFORMATION

About Time 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 as modified by the revaluation of certain assets.

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 - 25% on reducing balance
Computer equipment - 20% 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

ABOUT TIME LTD (REGISTERED NUMBER: 08846272)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 MARCH 2023

2. ACCOUNTING POLICIES - continued

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 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 31 March 2022 5,291 - 5,291
Additions 8,036 8,055 16,091
At 30 March 2023 13,327 8,055 21,382
DEPRECIATION
At 31 March 2022 2,880 - 2,880
Charge for year 1,391 169 1,560
At 30 March 2023 4,271 169 4,440
NET BOOK VALUE
At 30 March 2023 9,056 7,886 16,942
At 30 March 2022 2,411 - 2,411

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 31 March 2022 10,628
Additions 4,744
Disposals (613 )
Share of profit/(loss) (10 )
Revaluations (6,448 )
At 30 March 2023 8,301
NET BOOK VALUE
At 30 March 2023 8,301
At 30 March 2022 10,628

ABOUT TIME LTD (REGISTERED NUMBER: 08846272)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 MARCH 2023

5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 30 March 2023 is represented by:

Other
investments
£   
Valuation in 2021 94,890
Valuation in 2022 (84,262 )
Valuation in 2023 (2,327 )
8,301

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.3.23 30.3.22
£    £   
Trade debtors 82,933 61,750
Other debtors 49,792 46,458
132,725 108,208

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.3.23 30.3.22
£    £   
Bank loans and overdrafts 32,391 42,097
Trade creditors 23,492 32,269
Amounts owed to group undertakings - 1,055
Taxation and social security 62,337 40,798
Other creditors 2,680 12,711
120,900 128,930

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 March 2023 and 30 March 2022:

30.3.23 30.3.22
£    £   
Director 1
Balance outstanding at start of year 46,458 11,791
Amounts advanced 72,232 80,594
Amounts repaid (78,217 ) (45,927 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 40,473 46,458