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REGISTERED NUMBER: 02627556 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

TIME AND FREQUENCY SOLUTIONS LIMITED

TIME AND FREQUENCY SOLUTIONS LIMITED (REGISTERED NUMBER: 02627556)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


TIME AND FREQUENCY SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







Directors: Mrs M C B Harvey
D L Bunn





Registered office: 25 Eastways
Witham
Essex
CM8 3AL





Registered number: 02627556 (England and Wales)





Accountants: Baverstocks Limited
Chartered Certified Accountants
Dickens House
Guithavon Street
Witham
Essex
CM8 1BJ

TIME AND FREQUENCY SOLUTIONS LIMITED (REGISTERED NUMBER: 02627556)

ABRIDGED BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £   
Fixed assets
Tangible assets 4 45,961 53,196
Investments 5 1 1
45,962 53,197

Current assets
Stocks 612,469 608,194
Debtors 1,872,125 1,459,204
Cash at bank 167,101 382,214
2,651,695 2,449,612
Creditors
Amounts falling due within one year 773,626 568,530
Net current assets 1,878,069 1,881,082
Total assets less current liabilities 1,924,031 1,934,279

Provisions for liabilities 70,175 82,529
Net assets 1,853,856 1,851,750

Capital and reserves
Called up share capital 1,000 1,000
Retained earnings 1,852,856 1,850,750
Shareholders' funds 1,853,856 1,851,750

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.

TIME AND FREQUENCY SOLUTIONS LIMITED (REGISTERED NUMBER: 02627556)

ABRIDGED BALANCE SHEET - continued
31 DECEMBER 2024


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 December 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.

The financial statements were approved by the Board of Directors and authorised for issue on 9 May 2025 and were signed on its behalf by:





Mrs M C B Harvey - Director


TIME AND FREQUENCY SOLUTIONS LIMITED (REGISTERED NUMBER: 02627556)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. Statutory information

Time and Frequency Solutions 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.

Preparation of consolidated financial statements
The financial statements contain information about Time and Frequency Solutions Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Brandywine Communications, 1153 Warner Avenue,Tustin,CA 92780, USA.

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 etc - Straight line over 7 years, Straight line over 3 years, Straight line over 2 years and Straight line over 5 years

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


TIME AND FREQUENCY SOLUTIONS LIMITED (REGISTERED NUMBER: 02627556)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. Accounting policies - continued
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.

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 20 (2023 - 18 ) .

4. Tangible fixed assets
Totals
£   
Cost
At 1 January 2024 136,335
Additions 12,997
At 31 December 2024 149,332
Depreciation
At 1 January 2024 83,139
Charge for year 20,232
At 31 December 2024 103,371
Net book value
At 31 December 2024 45,961
At 31 December 2023 53,196

5. Fixed asset investments

Information on investments other than loans is as follows:
Totals
£   
Cost
At 1 January 2024
and 31 December 2024 1
Net book value
At 31 December 2024 1
At 31 December 2023 1

TIME AND FREQUENCY SOLUTIONS LIMITED (REGISTERED NUMBER: 02627556)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

6. Other financial commitments

The company has financial commitments of £94,800 (2023: £126,400) in relation to non cancellable lease agreements for the company premises.

7. Related party disclosures

Included within debtors at the balance sheet date is an amount of £1,317,248 (2023: £1,105,446 ) due from a company with control.