Company Registration No. 08901987 (England and Wales)
Timetoshine Ltd
Unaudited accounts
for the year ended 31 January 2024
Timetoshine Ltd
Unaudited accounts
Contents
Timetoshine Ltd
Company Information
for the year ended 31 January 2024
Directors
James Doran
Anthony Doran
Company Number
08901987 (England and Wales)
Registered Office
10 Icknield Drive
Northampton
Northamptonshire
NN4 9YS
England
Accountants
Zincbooks Limited
27 Nettle Gap Close
Wootton Fields
Northampton
NN4 6AH
Timetoshine Ltd
Statement of financial position
as at 31 January 2024
Tangible assets
27,758
34,945
Cash at bank and in hand
133,223
102,798
Creditors: amounts falling due within one year
(36,747)
(34,101)
Net current assets
141,539
292,507
Total assets less current liabilities
204,297
327,452
Creditors: amounts falling due after more than one year
(15,381)
(24,621)
Provisions for liabilities
Net assets
188,808
302,723
Called up share capital
100
100
Profit and loss account
188,708
302,623
Shareholders' funds
188,808
302,723
For the year ending 31 January 2024 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 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 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 of Directors and authorised for issue on 24 October 2024 and were signed on its behalf by
James Doran
Director
Company Registration No. 08901987
Timetoshine Ltd
Notes to the Accounts
for the year ended 31 January 2024
Timetoshine Ltd is a private company, limited by shares, registered in England and Wales, registration number 08901987. The registered office is 10 Icknield Drive, Northampton, Northamptonshire, NN4 9YS, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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:
Plant & machinery
25% on reducing balance
Motor vehicles
25% on reducing balance
Fixtures & fittings
5 years straight line
Computer equipment
25% on reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Timetoshine Ltd
Notes to the Accounts
for the year ended 31 January 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 February 2023
2,525
29,595
14,303
17,977
64,400
Additions
-
-
1,520
-
1,520
At 31 January 2024
2,525
29,595
15,823
17,977
65,920
At 1 February 2023
2,336
14,722
1,531
10,866
29,455
Charge for the year
47
3,718
3,165
1,777
8,707
At 31 January 2024
2,383
18,440
4,696
12,643
38,162
At 31 January 2024
142
11,155
11,127
5,334
27,758
At 31 January 2023
189
14,873
12,772
7,111
34,945
5
Investments
Other investments
Valuation at 1 February 2023
-
Valuation at 31 January 2024
35,000
Amounts falling due within one year
Other debtors
45,063
223,018
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
9,619
9,619
Taxes and social security
26,628
31,667
Loans from directors
-
(11,072)
8
Creditors: amounts falling due after more than one year
2024
2023
Timetoshine Ltd
Notes to the Accounts
for the year ended 31 January 2024
9
Average number of employees
During the year the average number of employees was 18 (2023: 13).