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REGISTERED NUMBER: 06975940 (England and Wales)












Financial Statements for the Year Ended 31 December 2023

for

TravelTime Technologies Ltd

TravelTime Technologies Ltd (Registered number: 06975940)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TravelTime Technologies Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: P R J Lilley
C L Davies
R Genieser
Miss M A Gee
E J D Stevens





SECRETARY: P R J Lilley





REGISTERED OFFICE: Unit 4D, Lansbury Business Estate
102 Lower Guildford Road
Knaphill
Woking
Surrey
GU21 2EP





REGISTERED NUMBER: 06975940 (England and Wales)





ACCOUNTANTS: CSL Partnership Limited
Unit 4D, Lansbury Business Estate
102 Lower Guildford Road
Knaphill
Woking
Surrey
GU21 2EP

TravelTime Technologies Ltd (Registered number: 06975940)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 14,297 15,297
Property, plant and equipment 5 11,643 14,699
25,940 29,996

CURRENT ASSETS
Debtors 6 606,027 809,215
Investments 7 2,140 2,140
Cash at bank and in hand 904,593 769,466
1,512,760 1,580,821
CREDITORS
Amounts falling due within one year 8 (1,615,024 ) (1,734,601 )
NET CURRENT LIABILITIES (102,264 ) (153,780 )
TOTAL ASSETS LESS CURRENT LIABILITIES (76,324 ) (123,784 )

CREDITORS
Amounts falling due after more than one
year

9

-

(3,000,000

)

PROVISIONS FOR LIABILITIES (2,212 ) (2,793 )
NET LIABILITIES (78,536 ) (3,126,577 )

CAPITAL AND RESERVES
Called up share capital 1,378 1,025
Share premium 7,800,430 2,339,797
Retained earnings (7,880,344 ) (5,467,399 )
SHAREHOLDERS' FUNDS (78,536 ) (3,126,577 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

TravelTime Technologies Ltd (Registered number: 06975940)

Balance Sheet - continued
31 December 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 by the Board of Directors and authorised for issue on 22 February 2024 and were signed on its behalf by:




C L Davies - Director



P R J Lilley - Director


TravelTime Technologies Ltd (Registered number: 06975940)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

TravelTime Technologies 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.

These financial statements have been prepared on the going concern basis which assumes the company will continue to be supported by its creditors.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortization and any accumulated impairment losses.

Development costs are being amortised evenly over its estimated useful life of five years.

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 - 33% 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.

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.

TravelTime Technologies Ltd (Registered number: 06975940)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 18,214
AMORTISATION
At 1 January 2023 2,917
Charge for year 1,000
At 31 December 2023 3,917
NET BOOK VALUE
At 31 December 2023 14,297
At 31 December 2022 15,297

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 2,673 49,329 52,002
Additions - 7,771 7,771
At 31 December 2023 2,673 57,100 59,773
DEPRECIATION
At 1 January 2023 1,815 35,488 37,303
Charge for year 214 10,613 10,827
At 31 December 2023 2,029 46,101 48,130
NET BOOK VALUE
At 31 December 2023 644 10,999 11,643
At 31 December 2022 858 13,841 14,699

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 266,618 168,855
Other debtors 339,409 640,360
606,027 809,215

TravelTime Technologies Ltd (Registered number: 06975940)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


7. CURRENT ASSET INVESTMENTS
31.12.23 31.12.22
£    £   
Shares in group undertakings 2,140 2,140

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts - 276,934
Trade creditors 72,166 149,302
Taxation and social security 38,349 79,083
Other creditors 1,504,509 1,229,282
1,615,024 1,734,601

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Other creditors - 3,000,000