1 May 2022 false No description of principal activity Taxfiler 2023.10 SC626900business:PrivateLimitedCompanyLtd2022-05-012023-04-30 SC6269002022-04-30 SC6269002022-05-012023-04-30 SC626900business:AuditExemptWithAccountantsReport2022-05-012023-04-30 SC626900business:FilletedAccounts2022-05-012023-04-30 SC6269002023-04-30 SC626900business:Director12022-05-012023-04-30 SC626900business:Director22022-05-012023-04-30 SC626900business:RegisteredOffice2022-05-012023-04-30 SC6269002022-04-30 SC626900core:WithinOneYear2023-04-30 SC626900core:WithinOneYear2022-04-30 SC626900core:AfterOneYear2023-04-30 SC626900core:AfterOneYear2022-04-30 SC626900core:ShareCapitalcore:PreviouslyStatedAmount2023-04-30 SC626900core:ShareCapitalcore:PreviouslyStatedAmount2022-04-30 SC626900core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-04-30 SC626900core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-04-30 SC626900core:PreviouslyStatedAmount2023-04-30 SC626900core:PreviouslyStatedAmount2022-04-30 SC626900business:SmallEntities2022-05-012023-04-30 SC626900countries:Scotland2022-05-012023-04-30 SC626900core:ComputerEquipment2022-05-012023-04-30 SC626900core:Goodwill2022-04-30 SC626900core:Goodwill2023-04-30 SC626900core:Goodwill2022-05-012023-04-30 SC626900core:ComputerEquipment2022-04-30 SC626900core:ComputerEquipment2023-04-30 SC626900business:OrdinaryShareClass12022-05-012023-04-30 SC626900business:OrdinaryShareClass12021-05-012022-04-30 SC6269002021-05-012022-04-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. SC626900 (Scotland)
Time & Wealth Creator Limited Unaudited accounts for the year ended 30 April 2023
Time & Wealth Creator Limited Unaudited accounts Contents
Page
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Time & Wealth Creator Limited Company Information for the year ended 30 April 2023
Directors
Mrs MT Thomson Mr SA Thomson
Company Number
SC626900 (Scotland)
Registered Office
7 HARMONY COURT BONNYRIGG MIDLOTHIAN EH19 3NY SCOTLAND
Accountants
Added Accounting Ltd 8 Whitehouse Crescent Gorebridge EH23 4FT
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Time & Wealth Creator Limited Statement of financial position as at 30 April 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
12,000 
4,800 
Tangible assets
- 
8 
12,000 
4,808 
Current assets
Debtors
- 
829 
Cash at bank and in hand
7,758 
10,437 
7,758 
11,266 
Creditors: amounts falling due within one year
(13,951)
(8,232)
Net current (liabilities)/assets
(6,193)
3,034 
Total assets less current liabilities
5,807 
7,842 
Creditors: amounts falling due after more than one year
(5,593)
(7,740)
Net assets
214 
102 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
114 
2 
Shareholders' funds
214 
102 
For the year ending 30 April 2023 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 September 2023 and were signed on its behalf by
Mr SA Thomson Director Company Registration No. SC626900
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Time & Wealth Creator Limited Notes to the Accounts for the year ended 30 April 2023
1
Statutory information
Time & Wealth Creator Limited is a private company, limited by shares, registered in Scotland, registration number SC626900. The registered office is 7 HARMONY COURT, BONNYRIGG, MIDLOTHIAN, EH19 3NY, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% Straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 May 2022
12,000 
At 30 April 2023
12,000 
Amortisation
At 1 May 2022
7,200 
Other increase/(decrease)
(7,200)
At 30 April 2023
- 
Net book value
At 30 April 2023
12,000 
At 30 April 2022
4,800 
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Time & Wealth Creator Limited Notes to the Accounts for the year ended 30 April 2023
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 May 2022
680 
At 30 April 2023
680 
Depreciation
At 1 May 2022
672 
Charge for the year
8 
At 30 April 2023
680 
Net book value
At 30 April 2023
- 
At 30 April 2022
8 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
829 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
2,556 
2,556 
Taxes and social security
5,728 
5,247 
Other creditors
320 
429 
Loans from directors
5,347 
- 
13,951 
8,232 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
5,593 
7,740 
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Average number of employees
During the year the average number of employees was 2 (2022: 1).
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