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REGISTERED NUMBER: SC512134 (Scotland)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

TIMES LIKE THESE FESTIVALS LIMITED

TIMES LIKE THESE FESTIVALS LIMITED (REGISTERED NUMBER: SC512134)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TIMES LIKE THESE FESTIVALS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: K B Moore





REGISTERED OFFICE: 6th Floor, Gordon Chambers
90 Mitchell Street
Glasgow
G1 3NQ





REGISTERED NUMBER: SC512134 (Scotland)





ACCOUNTANTS: Cornerstone Glasgow Ltd
6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
Lanarkshire
G1 3NQ

TIMES LIKE THESE FESTIVALS LIMITED (REGISTERED NUMBER: SC512134)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,988 3,265
Tangible assets 5 41,674 46,521
43,662 49,786

CURRENT ASSETS
Stocks 66,960 67,360
Debtors 6 55,421 71,913
Cash at bank and in hand 27,875 34,916
150,256 174,189
CREDITORS
Amounts falling due within one year 7 155,962 188,093
NET CURRENT LIABILITIES (5,706 ) (13,904 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

37,956

35,882

CREDITORS
Amounts falling due after more than one
year

8

16,343

26,278
NET ASSETS 21,613 9,604

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 21,612 9,603
SHAREHOLDERS' FUNDS 21,613 9,604

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

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

TIMES LIKE THESE FESTIVALS LIMITED (REGISTERED NUMBER: SC512134)

BALANCE SHEET - continued
30 NOVEMBER 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 director and authorised for issue on 21 August 2024 and were signed by:





A Rashid - Director


TIMES LIKE THESE FESTIVALS LIMITED (REGISTERED NUMBER: SC512134)

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

1. STATUTORY INFORMATION

Times Like These Festivals Limited is a private company, limited by shares , registered in Scotland. 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.

Turnover
Turnover 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 amortisation and any accumulated impairment losses.

Website are being amortised evenly over their 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.
Plant and machinery etc - 33% on a straight line basis, 20% on a reducing balance basis, 15% on a reducing balance basis and 10% on a straight line basis

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

TIMES LIKE THESE FESTIVALS LIMITED (REGISTERED NUMBER: SC512134)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 December 2022
and 30 November 2023 5,892
AMORTISATION
At 1 December 2022 2,627
Charge for year 1,277
At 30 November 2023 3,904
NET BOOK VALUE
At 30 November 2023 1,988
At 30 November 2022 3,265

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 82,507
Additions 3,091
At 30 November 2023 85,598
DEPRECIATION
At 1 December 2022 35,986
Charge for year 7,938
At 30 November 2023 43,924
NET BOOK VALUE
At 30 November 2023 41,674
At 30 November 2022 46,521

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 36,848 66,495
Other debtors 18,573 5,418
55,421 71,913

TIMES LIKE THESE FESTIVALS LIMITED (REGISTERED NUMBER: SC512134)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,649 10,649
Hire purchase contracts - 1,943
Trade creditors 90,743 112,201
Taxation and social security 30,663 31,348
Other creditors 23,907 31,952
155,962 188,093

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 16,343 26,278