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REGISTERED NUMBER: 06645911 (England and Wales)















TIME2RESOURCES LIMITED

Unaudited Financial Statements

for the Year Ended 31 July 2024






TIME2RESOURCES LIMITED (Registered number: 06645911)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TIME2RESOURCES LIMITED

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Mrs H Coupland-Smith
C R Mencattelli





REGISTERED OFFICE: 1 Park View Court
St Paul's Road
Shipley
West Yorkshire
BD18 3DZ





REGISTERED NUMBER: 06645911 (England and Wales)





ACCOUNTANTS: Maclean & Company
1 Park View Court
St Paul's Road
Shipley
West Yorkshire
BD18 3DZ

TIME2RESOURCES LIMITED (Registered number: 06645911)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,261 1,681
Tangible assets 5 14,291 12,382
15,552 14,063

CURRENT ASSETS
Stocks 65 50
Debtors 6 24,040 16,389
Cash at bank and in hand 120,760 124,237
144,865 140,676
CREDITORS
Amounts falling due within one year 7 30,080 25,237
NET CURRENT ASSETS 114,785 115,439
TOTAL ASSETS LESS CURRENT
LIABILITIES

130,337

129,502

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 130,237 129,402
SHAREHOLDERS' FUNDS 130,337 129,502

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

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

TIME2RESOURCES LIMITED (Registered number: 06645911)

Balance Sheet - continued
31 July 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 10 January 2025 and were signed on its behalf by:




Mrs H Coupland-Smith - Director



C R Mencattelli - Director


TIME2RESOURCES LIMITED (Registered number: 06645911)

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

1. STATUTORY INFORMATION

TIME2RESOURCES 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.

Website development
Website development, being the capitalisation of costs relating to the creation of a company website, is being written off equally over its estimated useful life of five years.

Research and development
The company capitalises expenditure on specific methodology, documentation and products which it will actively market in future years. Such expenditure is amortised over the succeeding five years in equal instalments.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 15% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

TIME2RESOURCES LIMITED (Registered number: 06645911)

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

4. INTANGIBLE FIXED ASSETS
Website Development
development costs Totals
£    £    £   
COST
At 1 August 2023
and 31 July 2024 6,113 39,246 45,359
AMORTISATION
At 1 August 2023 4,432 39,246 43,678
Amortisation for year 420 - 420
At 31 July 2024 4,852 39,246 44,098
NET BOOK VALUE
At 31 July 2024 1,261 - 1,261
At 31 July 2023 1,681 - 1,681

5. TANGIBLE FIXED ASSETS
Equipment
£   
COST
At 1 August 2023 26,780
Additions 4,049
At 31 July 2024 30,829
DEPRECIATION
At 1 August 2023 14,398
Charge for year 2,140
At 31 July 2024 16,538
NET BOOK VALUE
At 31 July 2024 14,291
At 31 July 2023 12,382

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 24,040 16,389

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Taxation 12,027 11,502
Other creditors 18,053 13,735
30,080 25,237