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TIMES INTERNATIONAL LIMITED

Registered Number
13909406
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

TIMES INTERNATIONAL LIMITED
Company Information
for the year from 1 March 2023 to 29 February 2024

Director

ROSE, Stephen George

Registered Address

4th Floor Office
205 Regent Street
London
W1B 4HB

Registered Number

13909406 (England and Wales)
TIMES INTERNATIONAL LIMITED
Statement of Financial Position
29 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets35,2366,813
5,2366,813
Current assets
Debtors289,03713,681
Cash at bank and on hand43,502770
332,53914,451
Creditors amounts falling due within one year(71,658)(16,134)
Net current assets (liabilities)260,881(1,683)
Total assets less current liabilities266,1175,130
Creditors amounts falling due after one year(270,036)-
Provisions for liabilities(124)-
Net assets(4,043)5,130
Capital and reserves
Called up share capital100100
Profit and loss account(4,143)5,030
Shareholders' funds(4,043)5,130
The financial statements were approved and authorised for issue by the Director on 29 November 2024, and are signed on its behalf by:
ROSE, Stephen George
Director
Registered Company No. 13909406
TIMES INTERNATIONAL LIMITED
Notes to the Financial Statements
for the year ended 29 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A, as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount. Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
2.Average number of employees

20242023
Average number of employees during the year04
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 March 239,536
Additions2,025
At 29 February 2411,562
Depreciation and impairment
At 01 March 232,722
Charge for year3,603
At 29 February 246,326
Net book value
At 29 February 245,236
At 28 February 236,813