2024-04-01 07071162 2025-03-31 07071162 2024-04-01 2025-03-31 07071162 2024-03-31 07071162 2023-04-01 2024-03-31 07071162 uk-core:WithinOneYear 2024-03-31 07071162 uk-core:WithinOneYear 2025-03-31 07071162 uk-core:ShareCapital 2025-03-31 07071162 uk-core:ShareCapital 2024-03-31 07071162 uk-core:RetainedEarningsAccumulatedLosses 2025-03-31 07071162 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 07071162 uk-bus:Director1 2024-04-01 2025-03-31 07071162 uk-core:PlantMachinery 2024-04-01 2025-03-31 07071162 uk-core:ComputerEquipment 2024-04-01 2025-03-31 07071162 uk-core:FurnitureFittings 2024-04-01 2025-03-31 07071162 uk-core:Goodwill 2024-03-31 07071162 uk-core:Goodwill 2025-03-31 07071162 uk-core:ComputerEquipment 2024-03-31 07071162 uk-core:FurnitureFittings 2024-03-31 07071162 uk-core:PlantMachinery 2024-03-31 07071162 uk-core:PlantMachinery 2025-03-31 07071162 uk-core:FurnitureFittings 2025-03-31 07071162 uk-core:ComputerEquipment 2025-03-31 iso4217:GBP xbrli:pure 07071162 uk-bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 07071162 uk-bus:FRS102 2024-04-01 2025-03-31 07071162 uk-bus:FilletedAccounts 2024-04-01 2025-03-31 07071162 uk-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31
Time Financial Management Ltd
Registered Number:07071162
For the year ended 31 March 2025
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2025
Time Financial Management Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
07071162
As at 31 March 2025
Time Financial Management Ltd
Statement of Financial Position
£
£
2024
2025
Notes
Fixed assets
Intangible assets
57,500
57,500
2
Property, plant and equipment
5,729
7,162
3
63,229
64,662
Current assets
Trade and other receivables
3,548
3,070
4
125,142
Cash and cash equivalents
114,929
117,999
128,690
Trade and other payables: amounts falling due within one year
(30,936)
(28,060)
5
97,754
89,939
Net current assets
Total assets less current liabilities
153,168
162,416
(1,089)
(1,361)
Provisions for liabilities
152,079
Net assets
161,055
Capital and reserves
Called up share capital
2
2
Retained earnings
152,077
161,053
152,079
161,055
Shareholders' funds
For the year ended 31 March 2025 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 of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Richard Curran Director
These financial statements were approved and authorised for issue by the Board on 08 May 2025 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 31 March 2025
Time Financial Management Ltd
Notes to the Financial Statements
Statutory Information
Time Financial Management Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 07071162.
Registered address:
Moorgate Crofts
Alma Road
Rotherham
S60 2EN
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard
102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The
financial statements have been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
20% Reducing balance
20% Reducing balance
Computer equipment
20% Reducing balance
Fixtures and fittings
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 April 2024
57,500
At 31 March 2025
57,500
Net book value
At 31 March 2025
57,500
At 31 March 2024
57,500
2 of 3
5
For the year ended 31 March 2025
Time Financial Management Ltd
Notes to the Financial Statements Continued
3. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Plant and
machinery
£
£
£
£
Cost or valuation
At 01 April 2024
16,841
8,819
2,272
5,750
At 31 March 2025
5,750
2,272
8,819
16,841
Provision for depreciation and impairment
At 01 April 2024
9,679
4,190
2,094
3,395
Charge for year
1,433
926
36
471
At 31 March 2025
11,112
5,116
2,130
3,866
At 31 March 2025
Net book value
1,884
142
3,703
5,729
At 31 March 2024
2,355
178
4,629
7,162
4. Trade and other receivables
2024
2025
£
£
Other debtors
3,070
3,548
5. Trade and other payables: amounts falling due within one year
2024
2025
£
£
Trade creditors
184
307
Taxation and social security
25,630
28,453
Other creditors
2,246
2,176
28,060
30,936
6. Average number of persons employed
During the year the average number of employees was 3 (2024 : 3)
3 of 3