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REGISTERED NUMBER: 12002332 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Life On Time Ltd

Life On Time Ltd (Registered number: 12002332)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Life On Time Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mr H A C Bailie
Mr J F Belas
Mr J D Ford
Mr M J Harling-Coward
Mr I J Batcheldor





REGISTERED OFFICE: Trade Fair House
2 West Court
Enterprise Road
Maidstone
Kent
ME15 6JD





REGISTERED NUMBER: 12002332 (England and Wales)





ACCOUNTANTS: Accsys Accountants Limited
Chartered Accountants
Trade Fair House
2 West Court
Enterprise Road
Maidstone
Kent
ME15 6JD

Life On Time Ltd (Registered number: 12002332)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 74,224 61,943

CURRENT ASSETS
Debtors 5 23,627 10,126
Cash at bank 100,921 23,613
124,548 33,739
CREDITORS
Amounts falling due within one year 6 96,954 51,749
NET CURRENT ASSETS/(LIABILITIES) 27,594 (18,010 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

101,818

43,933

CAPITAL AND RESERVES
Called up share capital 121 121
Share premium 37,139 34,980
Retained earnings 64,558 8,832
101,818 43,933

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 25 April 2025 and were signed on its behalf by:





Mr J D Ford - Director


Life On Time Ltd (Registered number: 12002332)

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

1. STATUTORY INFORMATION

Life On Time Ltd 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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2024 85,475 310 213 85,998
Additions 28,895 590 1,304 30,789
At 31 December 2024 114,370 900 1,517 116,787
DEPRECIATION
At 1 January 2024 23,872 170 13 24,055
Charge for year 18,303 84 121 18,508
At 31 December 2024 42,175 254 134 42,563
NET BOOK VALUE
At 31 December 2024 72,195 646 1,383 74,224
At 31 December 2023 61,603 140 200 61,943

Life On Time Ltd (Registered number: 12002332)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 13,896 9,426
Other debtors 9,731 700
23,627 10,126

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 6,811 5,531
Taxation and social security 7,403 4,298
Other creditors 82,740 41,920
96,954 51,749

7. OTHER FINANCIAL COMMITMENTS

After the financial year end the company has other financial commitments of £33,366.27 relating to motor vehicles leased.