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Company Registration No. 08901987 (England and Wales)
Timetoshine Ltd Unaudited accounts for the year ended 31 January 2024
Timetoshine Ltd Unaudited accounts Contents
Page
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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
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Timetoshine Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
27,758 
34,945 
Investments
35,000 
- 
62,758 
34,945 
Current assets
Debtors
45,063 
223,810 
Cash at bank and in hand
133,223 
102,798 
178,286 
326,608 
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
Deferred tax
(108)
(108)
Net assets
188,808 
302,723 
Capital and reserves
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
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Timetoshine Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 taxation
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.
Leased assets
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.
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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 
Depreciation
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 
Net book value
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
- 
Additions
35,000 
Valuation at 31 January 2024
35,000 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
792 
Other debtors
45,063 
223,018 
45,063 
223,810 
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 
Other creditors
500 
498 
Loans from directors
- 
(11,072)
Accruals
- 
3,389 
36,747 
34,101 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
15,381 
24,621 
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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).
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