EH Time Limited 13228860 false 2023-03-01 2024-07-31 2024-07-31 The principal activity of the company is retail sale of watches. Digita Accounts Production Advanced 6.30.9574.0 true 13228860 2023-03-01 2024-07-31 13228860 2024-07-31 13228860 core:CurrentFinancialInstruments 2024-07-31 13228860 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 13228860 core:FurnitureFittings 2024-07-31 13228860 core:OfficeEquipment 2024-07-31 13228860 bus:SmallEntities 2023-03-01 2024-07-31 13228860 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-07-31 13228860 bus:FilletedAccounts 2023-03-01 2024-07-31 13228860 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-07-31 13228860 bus:RegisteredOffice 2023-03-01 2024-07-31 13228860 bus:Director3 2023-03-01 2024-07-31 13228860 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-07-31 13228860 core:FurnitureFittings 2023-03-01 2024-07-31 13228860 core:OfficeEquipment 2023-03-01 2024-07-31 13228860 countries:EnglandWales 2023-03-01 2024-07-31 13228860 2023-02-28 13228860 core:FurnitureFittings 2023-02-28 13228860 core:OfficeEquipment 2023-02-28 13228860 2022-03-01 2023-02-28 13228860 2023-02-28 13228860 core:CurrentFinancialInstruments 2023-02-28 13228860 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 13228860 core:FurnitureFittings 2023-02-28 13228860 core:OfficeEquipment 2023-02-28 iso4217:GBP xbrli:pure

Registration number: 13228860

EH Time Limited

Unaudited Filleted Financial Statements

for the Period from 1 March 2023 to 31 July 2024

 

EH Time Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

EH Time Limited

(Registration number: 13228860)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

14,954

563

Current assets

 

Stocks

5

81,454

121,821

Debtors

6

335

2,991

Cash at bank and in hand

 

9,369

135,821

 

91,158

260,633

Creditors: Amounts falling due within one year

7

(12,573)

(25,294)

Net current assets

 

78,585

235,339

Net assets

 

93,539

235,902

Capital and reserves

 

Called up share capital

12

12

Share premium reserve

423,885

413,857

Retained earnings

(330,358)

(177,967)

Shareholders' funds

 

93,539

235,902

For the financial period ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 April 2025 and signed on its behalf by:
 

.........................................
Mrs J S O'Brien
Director

 

EH Time Limited

Notes to the Unaudited Financial Statements for the Period from 1 March 2023 to 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
4th Floor
35 King Street
London
WC2E 8JG

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

 

EH Time Limited

Notes to the Unaudited Financial Statements for the Period from 1 March 2023 to 31 July 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

25% Straight Line

Fixtures & Fittings

25% Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2 (2023 - 2).

 

EH Time Limited

Notes to the Unaudited Financial Statements for the Period from 1 March 2023 to 31 July 2024

4

Tangible assets

Fixtures and fittings
£

Office equipment
£

Total
£

Cost or valuation

At 1 March 2023

-

750

750

Additions

21,986

-

21,986

At 31 July 2024

21,986

750

22,736

Depreciation

At 1 March 2023

-

187

187

Charge for the period

7,329

266

7,595

At 31 July 2024

7,329

453

7,782

Carrying amount

At 31 July 2024

14,657

297

14,954

At 28 February 2023

-

563

563

5

Stocks

2024
£

2023
£

Other inventories

81,454

121,821

6

Debtors

Current

2024
£

2023
£

Other debtors

335

2,991

 

335

2,991

 

EH Time Limited

Notes to the Unaudited Financial Statements for the Period from 1 March 2023 to 31 July 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

-

5,557

Taxation and social security

-

2,356

Other creditors

12,573

17,381

12,573

25,294

8

Related party transactions

Other transactions with directors

J O'Brien had a loan account with the company. At the balance sheet date the amount due to J O'Brien was £189 (2023: £nil).