1 April 2022 false No description of principal activity Taxfiler 2023.11 09273653business:PrivateLimitedCompanyLtd2022-04-012023-03-31 092736532022-03-31 092736532022-04-012023-03-31 09273653business:AuditExempt-NoAccountantsReport2022-04-012023-03-31 09273653business:FilletedAccounts2022-04-012023-03-31 092736532023-03-31 09273653business:Director12022-04-012023-03-31 09273653business:RegisteredOffice2022-04-012023-03-31 092736532022-03-31 09273653core:WithinOneYear2023-03-31 09273653core:WithinOneYear2022-03-31 09273653core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 09273653core:ShareCapitalcore:PreviouslyStatedAmount2022-03-31 09273653core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 09273653core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-03-31 09273653core:PreviouslyStatedAmount2023-03-31 09273653core:PreviouslyStatedAmount2022-03-31 09273653business:SmallEntities2022-04-012023-03-31 09273653countries:EnglandWales2022-04-012023-03-31 09273653core:FurnitureFittings2022-04-012023-03-31 09273653core:FurnitureFittings2022-03-31 09273653core:FurnitureFittings2023-03-31 092736532021-04-012022-03-31 iso4217:GBP xbrli:pure
Company Registration No. 09273653 (England and Wales)
TIME TEC LTD Unaudited accounts for the year ended 31 March 2023
TIME TEC LTD Unaudited accounts Contents
Page
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TIME TEC LTD Company Information for the year ended 31 March 2023
Director
Miss Angela Fuzfa
Company Number
09273653 (England and Wales)
Registered Office
202-204 Station Road Station Road Edgware Middlesex HA8 7AR
Accountants
Taxsolvers 108 Belgrave Gate Leicester Leicestershire LE1 3GR
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TIME TEC LTD Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
57,241 
58,409 
Current assets
Inventories
12,000 
15,000 
Debtors
9,808 
8,867 
Cash at bank and in hand
2,264 
6,022 
24,072 
29,889 
Creditors: amounts falling due within one year
(166,426)
(138,598)
Net current liabilities
(142,354)
(108,709)
Net liabilities
(85,113)
(50,300)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(85,114)
(50,301)
Shareholders' funds
(85,113)
(50,300)
For the year ending 31 March 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 director acknowledges her 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 and authorised for issue on 22 December 2023 and were signed on its behalf by
Miss Angela Fuzfa Director Company Registration No. 09273653
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TIME TEC LTD Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
TIME TEC LTD is a private company, limited by shares, registered in England and Wales, registration number 09273653. The registered office is 202-204 Station Road, Station Road, Edgware, Middlesex, HA8 7AR.
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.
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:
Fixtures & fittings
2% on reducing balance
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 April 2022
66,614 
At 31 March 2023
66,614 
Depreciation
At 1 April 2022
8,205 
Charge for the year
1,168 
At 31 March 2023
9,373 
Net book value
At 31 March 2023
57,241 
At 31 March 2022
58,409 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
9,808 
8,867 
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TIME TEC LTD Notes to the Accounts for the year ended 31 March 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
212 
413 
Other creditors
3,401 
1,936 
Loans from directors
137,943 
136,249 
Deferred income
24,870 
- 
166,426 
138,598 
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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