Registered number
14636267
Time For Entrepreneurs Limited
Unaudited Filleted Financial Statements
For the Year Ended
28 February 2025
Time For Entrepreneurs Limited
Registered number: 14636267
Balance Sheet
as at 28 February 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 832 -
Current assets
Debtors 4 8,193 -
Cash at bank and in hand 17,148 67
25,341 67
Creditors: amounts falling due within one year 5 (6,966) (350)
Net current assets/(liabilities) 18,375 (283)
Total assets less current liabilities 19,207 (283)
Provisions for liabilities (150) -
Net assets/(liabilities) 19,057 (283)
Capital and reserves
Called up share capital 1 1
Profit and loss account 19,056 (284)
Shareholder's funds 19,057 (283)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr A.P. Robinson
Director
Approved by the board on 4 April 2025
Time For Entrepreneurs Limited
Notes to the Accounts
for the year ended 28 February 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Going concern
The director believes the company is experiencing healthy levels of sales and profitability and that it is well placed to manage its business risks successfully. Accordingly he has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus he continues to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and Equipment 4 years straight line basis
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.
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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company (including director) during the year 1 1
3 Tangible fixed assets
Plant and Equipment
£
Cost
Additions 1,110
At 28 February 2025 1,110
Depreciation
Charge for the year 278
At 28 February 2025 278
Net book value
At 28 February 2025 832
4 Debtors 2025 2024
£ £
Trade debtors 7,890 -
Taxes recoverable 216 -
Prepayments 87 -
8,193 -
5 Creditors: amounts falling due within one year 2025 2024
£ £
Other creditors 52 -
Taxation and social security costs 5,914 -
Accruals 1,000 350
6,966 350
6 Other information
Time For Entrepreneurs Limited is a private company limited by shares and incorporated in England. Its registered office is: Green Mount, Cinderhills Road, Holmfirth, West Yorkshire, HD9 1EE.
HD9 1EE
The financial statements are presented in Sterling, which is the functional currency of the company.
Time For Entrepreneurs Limited 14636267 false 2024-03-01 2025-02-28 2025-02-28 VT Final Accounts April 2025 Mr A.P. Robinson No description of principal activity 14636267 2023-02-02 2024-02-29 14636267 core:WithinOneYear 2024-02-29 14636267 core:ShareCapital 2024-02-29 14636267 core:RetainedEarningsAccumulatedLosses 2024-02-29 14636267 2024-03-01 2025-02-28 14636267 bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 14636267 bus:AuditExemptWithAccountantsReport 2024-03-01 2025-02-28 14636267 bus:Director40 2024-03-01 2025-02-28 14636267 core:PlantMachinery 2024-03-01 2025-02-28 14636267 countries:England 2024-03-01 2025-02-28 14636267 bus:FRS102 2024-03-01 2025-02-28 14636267 bus:FilletedAccounts 2024-03-01 2025-02-28 14636267 2025-02-28 14636267 core:WithinOneYear 2025-02-28 14636267 core:ShareCapital 2025-02-28 14636267 core:RetainedEarningsAccumulatedLosses 2025-02-28 14636267 core:PlantMachinery 2025-02-28 14636267 2024-02-29 iso4217:GBP xbrli:pure