05886806falsesoftware consultancy and supply2023-08-012024-07-31http://www.companieshouse.gov.uk/2023-07-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-07-31http://www.companieshouse.gov.uk/cd:Director12023-08-012024-07-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-07-31http://www.companieshouse.gov.uk/cd:Director22023-08-012024-07-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2023-07-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-07-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2024-07-31http://www.companieshouse.gov.uk/pt:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-07-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-08-012024-07-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2024-07-31http://www.companieshouse.gov.uk/pt:DevelopmentCostsCapitalisedDevelopmentExpenditure2024-07-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-08-012024-07-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-08-012024-07-31http://www.companieshouse.gov.uk/pt:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-08-012024-07-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-07-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-07-31http://www.companieshouse.gov.uk/2023-08-012024-07-31http://www.companieshouse.gov.uk/2023-07-31http://www.companieshouse.gov.uk/cd:FRS1022023-08-012024-07-31http://www.companieshouse.gov.uk/2024-07-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-08-012024-07-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-08-012024-07-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 05886806

Timeware (UK) Ltd

FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31/07/2024

Prepared By:
Gibsons Accountants Ltd
Chartered Accountants
226 Oldham Road
Rochdale
Lancashire
OL112ER

Timeware (UK) Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/07/2024
DIRECTORS
Mr Nathan Dean Price
Mr Simon Birchall
REGISTERED OFFICE
3 Fieldhouse Road
Rochdale
Lancashire
OL12 0AD
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 05886806
ACCOUNTANTS
Gibsons Accountants Ltd
Chartered Accountants
226 Oldham Road
Rochdale
Lancashire
OL112ER

Timeware (UK) Ltd

ACCOUNTS
FOR THEYEARENDED31/07/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Timeware (UK) Ltd

BALANCE SHEET AT 31/07/2024
20242023
Notes££
FIXED ASSETS
Intangible assets33,9924,562
Tangible assets444,44438,069
48,43642,631
CURRENT ASSETS
Stock5,00015,100
Debtors6232,342245,944
Cash at bank and in hand47,53749,628
284,879310,672
CREDITORS: Amounts falling due within one year7166,057180,061
NET CURRENT ASSETS118,822130,611
TOTAL ASSETS LESS CURRENT LIABILITIES167,258173,242
CREDITORS: Amounts falling due after more than one year88,36520,026
NET ASSETS158,893153,216
CAPITAL AND RESERVES
Called up share capital9100100
Profit and loss account158,793153,116
SHAREHOLDERS' FUNDS158,893153,216
For the year ending 31/07/2024 the company was entitled to exemption 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 29/04/2025 and signed on their behalf by
.............................
Mr Simon Birchall
Director

Timeware (UK) Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/07/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures and Fittingsreducing balance 15%
Equipmentstraight line 20%
1c. Intangible Assets
Development expenditure is normally written off in the year of expenditure, however expenditure incurred on specific projects is capitalised when recoverability can be foreseen with reasonable certainty and is amortised on a 10% straight line basis.
1d. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1e. Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Timeware (UK) Ltd

1f. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1g. Revenue Recognition
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.
2. EMPLOYEES
20242023
No.No.
Average number of employees1413
3. INTANGIBLE FIXED ASSETS
Domain name
Total
££
Cost
At 01/08/20235,7025,702
At 31/07/20245,7025,702
Depreciation
At 01/08/20231,1401,140
For the year570570
At 31/07/20241,7101,710
Net Book Amounts
At 31/07/20243,9923,992
At 31/07/20234,5624,562

Timeware (UK) Ltd

4. TANGIBLE FIXED ASSETS
Fixtures
and FittingsEquipmentTotal
£££
Cost
At 01/08/202316,292106,832123,124
Additions2,61519,31421,929
At 31/07/202418,907126,146145,053
Depreciation
At 01/08/202310,07774,97885,055
For the year1,32514,22915,554
At 31/07/202411,40289,207100,609
Net Book Amounts
At 31/07/20247,50536,93944,444
At 31/07/20236,21531,85438,069
5. STOCK 20242023
££
Stock comprises:
Stock5,00015,100
5,00015,100
6. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors219,865224,411
UK corporation tax4,1907,411
Other debtors - employee loan750950
Amounts due from related companies NMD3 develop1,0001,000
Amounts due from related companies NMD3 Hosting1,0001,000
Prepayments5,5374,610
Directors current account S Birchall-6,562
232,342245,944

Timeware (UK) Ltd

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
VAT78,84866,156
PAYE control12,44110,505
Salaries and wages control67575
Pension control1,627-
Directors current account S Birchall500-
Directors current account N Price519769
Bank loans and overdrafts10,64311,604
Bank Loan2,0344,995
Bounce back loan10,64810,648
Trade creditors42,20169,589
Accruals4,9214,720
Amounts due to related companies - NMD31,0001,000
166,057180,061
.
8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Loans >1 year-1,650
Bounce back loan >1 year8,36518,376
8,36520,026
9. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
10. CONTROLLING PARTY
The company is controlled by the directors who own 100% of the called up share capital.

Timeware (UK) Ltd

11. RELATED PARTY TRANSACTIONS
During the year there were purchases of services from NMD3 Ltd totalling £7,394 ( 2023 £3,210).
During the year there were purchases of services from NMD3 Hosting Ltd totalling £42,396 ( 2023 £42,404).