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REGISTERED NUMBER: 05019443 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

TIMES ACCOUNTANCY SERVICES LIMITED

TIMES ACCOUNTANCY SERVICES LIMITED (Registered number: 05019443)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TIMES ACCOUNTANCY SERVICES LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs W F Mulcock
M B Mulcock





SECRETARY: M B Mulcock





REGISTERED OFFICE: Alcala
Rectory Lane
Banstead
Surrey
SM7 3NY





REGISTERED NUMBER: 05019443 (England and Wales)

TIMES ACCOUNTANCY SERVICES LIMITED (Registered number: 05019443)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,746 3,741

CURRENT ASSETS
Debtors 5 3,182 28,405
Cash at bank 38,346 30,711
41,528 59,116
CREDITORS
Amounts falling due within one year 6 25,850 37,931
NET CURRENT ASSETS 15,678 21,185
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,424

24,926

CREDITORS
Amounts falling due after more than one year 7 15,750 22,750
NET ASSETS 2,674 2,176

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 2,574 2,076
SHAREHOLDERS' FUNDS 2,674 2,176

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

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

TIMES ACCOUNTANCY SERVICES LIMITED (Registered number: 05019443)

Balance Sheet - continued
31 March 2024


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 1 December 2024 and were signed on its behalf by:





Mrs W F Mulcock - Director


TIMES ACCOUNTANCY SERVICES LIMITED (Registered number: 05019443)

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

1. STATUTORY INFORMATION

TIMES ACCOUNTANCY SERVICES LIMITED 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. 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.

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 - 33% on reducing balance
Computer equipment - 33% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

TIMES ACCOUNTANCY SERVICES LIMITED (Registered number: 05019443)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 1,742 6,653 8,395
DEPRECIATION
At 1 April 2023 723 3,931 4,654
Charge for year 275 720 995
At 31 March 2024 998 4,651 5,649
NET BOOK VALUE
At 31 March 2024 744 2,002 2,746
At 31 March 2023 1,019 2,722 3,741

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 3,182 20,374
Other debtors - 8,031
3,182 28,405

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 23,768 30,831
Other creditors 2,082 7,100
25,850 37,931

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 15,750 22,750

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

TIMES ACCOUNTANCY SERVICES LIMITED (Registered number: 05019443)

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

9. RESERVES
Retained
earnings
£   

At 1 April 2023 2,076
Profit for the year 38,698
Dividends (38,200 )
At 31 March 2024 2,574

10. ULTIMATE CONTROLLING PARTY

The ultimate control of the company lies with the Directors.