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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
Page
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TIME CAR LTD Company Information for the year ended 30 June 2024
Director
SHEBUL AHMED
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
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TIME CAR LTD Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
45,112 
33,298 
Current assets
Debtors
2,063 
13,941 
Cash at bank and in hand
5,154 
2,060 
7,217 
16,001 
Creditors: amounts falling due within one year
(30,182)
(23,638)
Net current liabilities
(22,965)
(7,637)
Net assets
22,147 
25,661 
Capital and reserves
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
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TIME CAR LTD Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
At 30 June 2024
936 
44,176 
45,112 
At 30 June 2023
549 
32,749 
33,298 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,063 
13,941 
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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 
VAT
7,759 
3,208 
Trade creditors
3,901 
- 
Taxes and social security
10,414 
8,407 
30,182 
23,638 
7
Average number of employees
During the year the average number of employees was 5 (2023: 8).
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