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REGISTERED NUMBER: 09383765 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Time Sheet Technologies Ltd
T/A
Tribuco.com

Time Sheet Technologies Ltd (Registered number: 09383765)
T/A Tribuco.com






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Time Sheet Technologies Ltd
T/A Tribuco.com

Company Information
for the Year Ended 31 January 2024







DIRECTORS: I W Carr
D Sharp





REGISTERED OFFICE: Stephenson House
Horsley Business Centre
Horsley
Newcastle Upon Tyne
Tyne and Wear
NE15 0NY





REGISTERED NUMBER: 09383765 (England and Wales)





ACCOUNTANTS: Inspire Chartered Accountants
6 Queens Court
Third Avenue
Team Valley
Gateshead
Tyne and Wear
NE11 0BU

Time Sheet Technologies Ltd (Registered number: 09383765)
T/A Tribuco.com

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 50,300 50,300
Tangible assets 6 141 198
50,441 50,498

CURRENT ASSETS
Debtors 7 6,982 11,432
Cash at bank 7,078 1,715
14,060 13,147
CREDITORS
Amounts falling due within one year 8 197,096 191,298
NET CURRENT LIABILITIES (183,036 ) (178,151 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(132,595

)

(127,653

)

CREDITORS
Amounts falling due after more than one
year

9

39,781

46,400
NET LIABILITIES (172,376 ) (174,053 )

Time Sheet Technologies Ltd (Registered number: 09383765)
T/A Tribuco.com

Balance Sheet - continued
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings (172,477 ) (174,154 )
SHAREHOLDERS' FUNDS (172,376 ) (174,053 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

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 25 October 2024 and were signed on its behalf by:





I W Carr - Director


Time Sheet Technologies Ltd (Registered number: 09383765)
T/A Tribuco.com

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Time Sheet 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on a going concern basis which assumes that the company will continue to trade in the foreseeable future.
In order to do so, it relies on the continued support of the director of the company. Should the company no longer receive such support, fixed assets will need to be reclassified as current assets. Provisions would be required to reduce assets to their recoverable amount and to provide for any further liabilities that may arise.

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
Costs incurred in developing the platform have been capitalised as they have been incurred.
The platform remains under development.
Once the platform is fully commercialised, these costs will be amortised in equal instalments over its useful economic life.

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 - 20% on cost
Computer equipment - 20% 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.


Time Sheet Technologies Ltd (Registered number: 09383765)
T/A Tribuco.com

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

3. ACCOUNTING POLICIES - continued
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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

5. INTANGIBLE FIXED ASSETS
Development
costs
£   
COST
At 1 February 2023
and 31 January 2024 50,300
NET BOOK VALUE
At 31 January 2024 50,300
At 31 January 2023 50,300

Time Sheet Technologies Ltd (Registered number: 09383765)
T/A Tribuco.com

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

6. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 February 2023 751 1,663 2,414
Additions 94 - 94
At 31 January 2024 845 1,663 2,508
DEPRECIATION
At 1 February 2023 673 1,543 2,216
Charge for year 73 78 151
At 31 January 2024 746 1,621 2,367
NET BOOK VALUE
At 31 January 2024 99 42 141
At 31 January 2023 78 120 198

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 355 5,156
Other debtors 6,627 6,276
6,982 11,432

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 7,233 3,600
Trade creditors 2,220 -
Other creditors 187,643 187,698
197,096 191,298

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans 39,781 46,400

Time Sheet Technologies Ltd (Registered number: 09383765)
T/A Tribuco.com

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.1.24 31.1.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 10,859 17,600