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TIME RITE LIMITED




Company Registration Number:
04850383 (England and Wales)



Abbreviated (Unaudited) Accounts



Period of accounts


Start date: 01st August 2009

End date: 31st March 2010

SUBMITTED

TIME RITE LIMITED

Company Information
for the Period Ended
31st March 2010




Director: DR SARAH LOUISE DAVIES
Registered office: 47 Edithna Street
London
SW9 9JR
GBR
Company Registration Number: 04850383 (England and Wales)

TIME RITE LIMITED

Abbreviated Balance sheet
As at 31st March 2010

Notes 2010
£
2009
£
Fixed assets
Tangible assets: 5 633 855
Total fixed assets: 633 855
Current assets
Cash at bank and in hand: 5,540 128
Total current assets: 5,540 128
Creditors
Creditors: amounts falling due within one year 6 8,754 2,461
Net current assets (liabilities): ( 3,214 ) ( 2,333 )
Total assets less current liabilities: ( 2,581 ) ( 1,478 )
Creditors: amounts falling due after more than one year: - 998
Total net assets (liabilities): ( 2,581 ) ( 2,476 )

The notes form part of these financial statements

TIME RITE LIMITED

Abbreviated Balance sheet
As at 31st March 2010
continued

Notes 2010
£
2009
£
Capital and reserves
Called up share capital: 7 100 100
Profit and Loss account: ( 2,681 ) ( 2,576 )
Total shareholders funds: ( 2,581 ) ( 2,476 )

For the year ending 31 March 2010 the company was entitled to exemption 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

The financial statements were approved by the Board of Directors on 28 October 2010

SIGNED ON BEHALF OF THE BOARD BY:

Name: DR SARAH LOUISE DAVIES
Status: Director

The notes form part of these financial statements

TIME RITE LIMITED

Notes to the Abbreviated Accounts
for the Period Ended
31st March 2010

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

    Turnover policy

    Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

    Tangible fixed assets depreciation policy

    Depreciation is provided on tangible fixed assets so as to write off the cost or valuation , less any estimated residual value, over their economic life as follows: Plant and machinery 25% straight line basis Fixtures and fittings 15% straight line basis Other tangible assets 25% straight line basis

  • 5. Tangible assets

    Total
    Cost £
    At 01st August 2009: 4,188
    Additions: 300
    At 31st March 2010: 4,488
    Depreciation
    At 01st August 2009: 3,333
    Charge for year: 522
    At 31st March 2010: 3,855
    Net book value
    At 31st March 2010: 633
    At 31st July 2009: 855

  • 6. Creditors: amounts falling due within one year

    2010
    £
    2009
    £
    Taxation and social security: 31 100
    Other creditors: 8,723 2,361
    Total: 8,754 2,461

  • 7. Called up share capital

    Allotted, called up and paid

    Previous period 2009
    Class Number of shares Nominal value per share Total
    Ordinary shares: 100 1 100
    Total share capital: 100
    Current period 2010
    Class Number of shares Nominal value per share Total
    Ordinary shares: 100 1 100
    Total share capital: 100