Company Registration No. 12704560 (England and Wales)
TIME CAR LTD
Unaudited accounts
for the year ended 30 June 2024
TIME CAR LTD
Unaudited accounts
Contents
TIME CAR LTD
Company Information
for the year ended 30 June 2024
Company Number
12704560 (England and Wales)
Registered Office
3 Dale Street
Scunthorpe
South Humberside
DN15 7LW
England
Accountants
MH ACCOUNTANCY SOLUTIONS LTD
57 DONCASTER ROAD
SCUNTHORPE
NORTH LINCOLNSHIRE
DN15 7RG
TIME CAR LTD
Statement of financial position
as at 30 June 2024
Tangible assets
45,112
33,298
Cash at bank and in hand
5,154
2,060
Creditors: amounts falling due within one year
(30,182)
(23,638)
Net current liabilities
(22,965)
(7,637)
Called up share capital
100
1
Profit and loss account
22,047
25,660
Shareholders' funds
22,147
25,661
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 11 March 2025 and were signed on its behalf by
SHEBUL AHMED
Director
Company Registration No. 12704560
TIME CAR LTD
Notes to the Accounts
for the year ended 30 June 2024
TIME CAR LTD is a private company, limited by shares, registered in England and Wales, registration number 12704560. The registered office is 3 Dale Street, Scunthorpe, South Humberside, DN15 7LW, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 July 2023
1,071
49,000
50,071
Additions
562
18,167
18,729
At 30 June 2024
1,633
67,167
68,800
At 1 July 2023
522
16,251
16,773
Charge for the year
175
6,740
6,915
At 30 June 2024
697
22,991
23,688
At 30 June 2024
936
44,176
45,112
At 30 June 2023
549
32,749
33,298
Amounts falling due within one year
Trade debtors
2,063
13,941
TIME CAR LTD
Notes to the Accounts
for the year ended 30 June 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
8,108
12,023
Taxes and social security
10,414
8,407
7
Average number of employees
During the year the average number of employees was 5 (2023: 8).