IRIS Accounts Production v25.1.0.734 04656387 director 1.8.23 31.7.24 31.7.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh046563872023-07-31046563872024-07-31046563872023-08-012024-07-31046563872022-07-31046563872022-08-012023-07-31046563872023-07-3104656387ns15:EnglandWales2023-08-012024-07-3104656387ns14:PoundSterling2023-08-012024-07-3104656387ns10:Director12023-08-012024-07-3104656387ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3104656387ns10:SmallEntities2023-08-012024-07-3104656387ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3104656387ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3104656387ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3104656387ns10:AbridgedAccounts2023-08-012024-07-3104656387ns10:OrdinaryShareClass12023-08-012024-07-3104656387ns10:RegisteredOffice2023-08-012024-07-3104656387ns5:CurrentFinancialInstruments2024-07-3104656387ns5:CurrentFinancialInstruments2023-07-3104656387ns5:ShareCapital2024-07-3104656387ns5:ShareCapital2023-07-3104656387ns5:RetainedEarningsAccumulatedLosses2024-07-3104656387ns5:RetainedEarningsAccumulatedLosses2023-07-3104656387ns5:FurnitureFittings2023-08-012024-07-3104656387ns5:ComputerEquipment2023-08-012024-07-3104656387ns5:DeferredTaxation2023-07-3104656387ns5:DeferredTaxation2023-08-012024-07-3104656387ns5:DeferredTaxation2024-07-3104656387ns10:OrdinaryShareClass12024-07-31
REGISTERED NUMBER: 04656387 (England and Wales)















Financial Statements for the Year Ended 31 July 2024

for

About Time Enterprises Limited

About Time Enterprises Limited (Registered number: 04656387)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


About Time Enterprises Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: Miss N Jones





REGISTERED OFFICE: Belfry House
Bell Lane
Hertford
Hertfordshire
SG14 1BP





REGISTERED NUMBER: 04656387 (England and Wales)





ACCOUNTANTS: Philip T. Chave & Co
Belfry House
Bell Lane
Hertford
Hertfordshire
SG14 1BP

About Time Enterprises Limited (Registered number: 04656387)

Abridged Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,396 1,743

CURRENT ASSETS
Debtors 10,534 41,182
Cash at bank 125,984 82,634
136,518 123,816
CREDITORS
Amounts falling due within one year 109,996 98,290
NET CURRENT ASSETS 26,522 25,526
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,918

27,269

PROVISIONS FOR LIABILITIES 5 265 331
NET ASSETS 27,653 26,938

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 27,553 26,838
SHAREHOLDERS' FUNDS 27,653 26,938

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 director acknowledges her 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 July 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

About Time Enterprises Limited (Registered number: 04656387)

Abridged Balance Sheet - continued
31 July 2024



The financial statements were approved by the director and authorised for issue on 29 April 2025 and were signed by:





Miss N Jones - Director


About Time Enterprises Limited (Registered number: 04656387)

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

1. STATUTORY INFORMATION

About Time Enterprises 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 20% on reducing balance

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 ) .

About Time Enterprises Limited (Registered number: 04656387)

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2023
and 31 July 2024 9,750
DEPRECIATION
At 1 August 2023 8,007
Charge for year 347
At 31 July 2024 8,354
NET BOOK VALUE
At 31 July 2024 1,396
At 31 July 2023 1,743

5. PROVISIONS FOR LIABILITIES
31.7.24 31.7.23
£    £   
Deferred tax 265 331

Deferred
tax
£   
Balance at 1 August 2023 331
Provided during year (66 )
Balance at 31 July 2024 265

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
100 Ordinary £1 100 100