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REGISTERED NUMBER: 04116785 (England and Wales)












ALLDAY TIME SYSTEMS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






ALLDAY TIME SYSTEMS LIMITED (REGISTERED NUMBER: 04116785)






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


ALLDAY TIME SYSTEMS LIMITED

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTORS: R S Mason
Mrs J Mason
P S Mason
C M Mason





SECRETARY: Mrs J Mason





REGISTERED OFFICE: Lynchford House
Lynchford Lane
FARNBOROUGH
Hampshire
GU14 6JD





REGISTERED NUMBER: 04116785 (England and Wales)





ACCOUNTANTS: Shaw Gibbs Limited
Wey Court West
Union Road
Farnham
Surrey
GU9 7PT

ALLDAY TIME SYSTEMS LIMITED (REGISTERED NUMBER: 04116785)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 334,933 305,142
Tangible assets 5 144,640 151,548
Investments 6 301 301
479,874 456,991

CURRENT ASSETS
Stocks 212,286 264,730
Debtors 7 365,248 344,404
Cash at bank and in hand 483,298 416,620
1,060,832 1,025,754
CREDITORS
Amounts falling due within one year 8 (547,353 ) (514,064 )
NET CURRENT ASSETS 513,479 511,690
TOTAL ASSETS LESS CURRENT
LIABILITIES

993,353

968,681

PROVISIONS FOR LIABILITIES (99,265 ) (67,524 )
NET ASSETS 894,088 901,157

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 10 893,088 900,157
SHAREHOLDERS' FUNDS 894,088 901,157

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.

ALLDAY TIME SYSTEMS LIMITED (REGISTERED NUMBER: 04116785)

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 3 December 2024 and were signed on its behalf by:




C M Mason - Director



Mrs J Mason - Director


ALLDAY TIME SYSTEMS LIMITED (REGISTERED NUMBER: 04116785)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Allday Time Systems 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 represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts where turnover is recognised only over the period of the contract.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of businesses in 2004, 2005, 2009, 2010, 2011, 2012, 2014 and 2017 is being written off evenly over its estimated useful economic life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software
Computer software development is capitalised and written off over it's estimated useful economic life of 10 and 5 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures & equipment - 15% on reducing balance
Rental equipment - 10% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Government grants
Grants received from the UK government from the Plug-in Car Grant are accounted for using the accruals model. The grant has been recognised as deferred income and will be released as other operating income over the useful life of the related motor vehicle.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


ALLDAY TIME SYSTEMS LIMITED (REGISTERED NUMBER: 04116785)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

2. 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 30 (2023 - 29 ) .

4. INTANGIBLE FIXED ASSETS
Computer
Goodwill software Totals
£    £    £   
COST
At 1 April 2023 1,062,570 903,480 1,966,050
Additions - 93,263 93,263
At 31 March 2024 1,062,570 996,743 2,059,313
AMORTISATION
At 1 April 2023 1,027,824 633,084 1,660,908
Amortisation for year 18,897 44,575 63,472
At 31 March 2024 1,046,721 677,659 1,724,380
NET BOOK VALUE
At 31 March 2024 15,849 319,084 334,933
At 31 March 2023 34,746 270,396 305,142

ALLDAY TIME SYSTEMS LIMITED (REGISTERED NUMBER: 04116785)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Fixtures Rental Motor Computer
& equipment equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 57,794 522,493 98,453 71,783 750,523
Additions - 19,216 14,206 3,728 37,150
Disposals - (3,181 ) (18,700 ) - (21,881 )
At 31 March 2024 57,794 538,528 93,959 75,511 765,792
DEPRECIATION
At 1 April 2023 45,588 419,298 67,710 66,379 598,975
Charge for year 1,832 21,280 17,128 3,818 44,058
Eliminated on disposal - (3,181 ) (18,700 ) - (21,881 )
At 31 March 2024 47,420 437,397 66,138 70,197 621,152
NET BOOK VALUE
At 31 March 2024 10,374 101,131 27,821 5,314 144,640
At 31 March 2023 12,206 103,195 30,743 5,404 151,548

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 297,506
PROVISIONS
At 1 April 2023
and 31 March 2024 297,205
NET BOOK VALUE
At 31 March 2024 301
At 31 March 2023 301

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 332,384 304,491
Other debtors 5,400 1,335
Prepayments 27,464 38,578
365,248 344,404

ALLDAY TIME SYSTEMS LIMITED (REGISTERED NUMBER: 04116785)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 32,839 79,557
Amounts owed to group undertakings 109 109
Tax 61,345 21,904
Social security and other taxes 69,370 55,466
Other creditors 37,330 32,453
Accruals & deferred income 346,360 324,575
547,353 514,064

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000

10. RESERVES
Retained
earnings
£   

At 1 April 2023 900,157
Profit for the year 231,165
Dividends (238,234 )
At 31 March 2024 893,088

11. RELATED PARTY DISCLOSURES

During the year the company had the following transactions with Allday Time Systems, a partnership in which R S Mason and Mrs J Mason are the joint partners:-

£ £
2024 2023

Rent paid 48,000 48,000




At the balance sheet date, trade creditors includes £16,000 (2023: £12,000) due to Allday Time Systems.

At the year end the company owed £81 to Allday Time Systems (2023: £81 to Allday Time Systems).

Allday Time Systems owns the freehold property from which the company trades.

All transactions are carried out at arms length and at market value.