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REGISTERED NUMBER: 05000427












Unaudited Financial Statements for the Year Ended 31 December 2024

for

Inside Time Limited

Inside Time Limited (Registered number: 05000427)






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


Inside Time Limited

Company Information
for the year ended 31 December 2024







DIRECTORS: T C Grove
Ms L A Shorter
J D Roberts
P Wheatley





SECRETARY: J D Roberts





REGISTERED OFFICE: Botley Mills Mill Hill
Botley
Southampton
Hampshire
SO30 2GB





REGISTERED NUMBER: 05000427





ACCOUNTANTS: Grant Harrod Lerman Davis LLP
Chartered Accountants
1st Floor
Healthaid House
Marlborough Hill
Harrow
Middlesex
HA1 1UD

Inside Time Limited (Registered number: 05000427)

Balance Sheet
31 December 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 749 999

CURRENT ASSETS
Debtors 5 122,267 91,534
Cash at bank 108,292 70,234
230,559 161,768
CREDITORS
Amounts falling due within one year 6 (124,734 ) (71,224 )
NET CURRENT ASSETS 105,825 90,544
TOTAL ASSETS LESS CURRENT
LIABILITIES

106,574

91,543

RESERVES
Income and expenditure account 106,574 91,543
106,574 91,543

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 surplus or deficit 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 May 2025 and were signed on its behalf by:





J D Roberts - Director


Inside Time Limited (Registered number: 05000427)

Notes to the Financial Statements
for the year ended 31 December 2024

1. STATUTORY INFORMATION

Inside Time Limited is a private company, limited by guarantee , registered in Not specified/Other. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

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.

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.

Turnover
Turnover represents income receivable by the company, net of Value Added Tax.

3. EMPLOYEES AND DIRECTORS

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

Inside Time Limited (Registered number: 05000427)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2024
and 31 December 2024 13,531
DEPRECIATION
At 1 January 2024 12,532
Charge for year 250
At 31 December 2024 12,782
NET BOOK VALUE
At 31 December 2024 749
At 31 December 2023 999

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 122,267 91,089
Other debtors - 445
122,267 91,534

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 30,590 37,620
Tax 3,554 3,873
Social security and other taxes 1,107 1,076
VAT 15,564 9,401
Accruals and deferred income 73,919 19,254
124,734 71,224

7. RELATED PARTY DISCLOSURES

During the year the company paid fees to External Professional Support Limited £87,360 (2023 - £77,520).
Mr J Roberts and Mr D Roberts are directors of that company. Mr J Roberts,also a Director of Inside Time Limited, and Mr D Roberts, son of Director Mr J Roberts, both provide management and sales services to Inside Time Limited.

8. LIABILITY OF MEMBERS

The company is constituted as a company limited by guarantee. In the event of the company being wound up members are required to contribute an amount not exceeding £1.

9. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of The New Bridge Foundation, a company and registered charity, registered in England and Wales.