1 false false false false false false false false false false true false false false false false false No description of principal activity 2023-06-01 Sage Accounts Production Advanced 2023 - FRS102_2023 2,234 559 418 977 1,257 1,675 xbrli:pure xbrli:shares iso4217:GBP 14136116 2023-06-01 2024-05-31 14136116 2024-05-31 14136116 2023-05-31 14136116 2022-05-27 2023-05-31 14136116 2023-05-31 14136116 2022-05-26 14136116 bus:OrdinaryShareClass1 2023-06-01 2024-05-31 14136116 bus:Director1 2023-06-01 2024-05-31 14136116 core:WithinOneYear 2024-05-31 14136116 core:WithinOneYear 2023-05-31 14136116 core:ShareCapital 2024-05-31 14136116 core:ShareCapital 2023-05-31 14136116 core:RetainedEarningsAccumulatedLosses 2024-05-31 14136116 core:RetainedEarningsAccumulatedLosses 2023-05-31 14136116 bus:SmallEntities 2023-06-01 2024-05-31 14136116 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 14136116 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 14136116 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 14136116 bus:FullAccounts 2023-06-01 2024-05-31 14136116 bus:OrdinaryShareClass1 2024-05-31 14136116 bus:OrdinaryShareClass1 2023-05-31 14136116 core:OfficeEquipment 2023-06-01 2024-05-31 14136116 core:OfficeEquipment 2024-05-31 14136116 core:OfficeEquipment 2023-05-31
COMPANY REGISTRATION NUMBER: 14136116
Timephased Ltd
Filleted Unaudited Financial Statements
31 May 2024
Timephased Ltd
Financial Statements
Year ended 31 May 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Timephased Ltd
Statement of Financial Position
31 May 2024
2024
2023
Note
£
£
£
£
Fixed assets
Tangible assets
5
1,257
1,675
Current assets
Debtors
6
419
5,131
Cash at bank and in hand
7,543
2,212
-------
-------
7,962
7,343
Creditors: amounts falling due within one year
7
8,238
7,247
-------
-------
Net current (liabilities)/assets
( 276)
96
-------
-------
Total assets less current liabilities
981
1,771
Provisions
8
----
-------
Net assets
981
1,763
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-------
Timephased Ltd
Statement of Financial Position (continued)
31 May 2024
2024
2023
Note
£
£
£
£
Capital and reserves
Called up share capital
8
100
100
Profit and loss account
881
1,663
----
-------
Shareholders funds
981
1,763
----
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 13 February 2025 , and are signed on behalf of the board by:
J P Iles
Director
Company registration number: 14136116
Timephased Ltd
Notes to the Financial Statements
Year ended 31 May 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 4 Church Green East, Redditch, Worcestershire, B98 8BT. The place of business is Ivy Barn, Lower Street, Willoughby, Rugby, Warwickshire, CV23 8BX.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
The turnover shown in the profit and loss account represents the fair value of services provided to the extent that there is a right to consideration. It is measured at the fair value of the consideration due. Where a service is incomplete at the year end, turnover represents the value of the service provided to that date based on an appropriate proportion of the total expected consideration at completion. The value of incomplete services is recorded as accrued income and included as part of debtors.
Tax
Current tax represents the amount of tax payable or receivable in respect of the taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
25% reducing balance
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into, either as financial assets, financial liabilities or equity interests. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible assets
Equipment
£
Cost
At 1 June 2023 and 31 May 2024
2,234
-------
Depreciation
At 1 June 2023
559
Charge for the year
418
-------
At 31 May 2024
977
-------
Carrying amount
At 31 May 2024
1,257
-------
At 31 May 2023
1,675
-------
6. Debtors
2024
2023
£
£
Trade debtors
2,500
Other debtors
419
2,631
----
-------
419
5,131
----
-------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Social security and other taxes
942
1,002
Other creditors
7,296
6,245
-------
-------
8,238
7,247
-------
-------
8. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
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