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REGISTERED NUMBER: 09547200 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CHRONTIME LIMITED

CHRONTIME LIMITED (REGISTERED NUMBER: 09547200)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHRONTIME LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTOR: C R Walters



REGISTERED OFFICE: Grafton House
81 Chorley Old Road
Bolton
Lancashire
BL1 3AJ



REGISTERED NUMBER: 09547200 (England and Wales)



ACCOUNTANTS: P B Syddall & Co
Chartered Accountants
Grafton House
81 Chorley Old Road
Bolton
Lancashire
BL1 3AJ



BANKERS: National Westminster Bank plc
24 Deansgate
Bolton
Lancashire
BL1 1BN

CHRONTIME LIMITED (REGISTERED NUMBER: 09547200)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 4,003 6,760

CURRENT ASSETS
Stocks 58,000 50,978
Debtors 6 125,862 143,120
Cash at bank - 23,086
183,862 217,184
CREDITORS
Amounts falling due within one year 7 152,241 171,509
NET CURRENT ASSETS 31,621 45,675
TOTAL ASSETS LESS CURRENT
LIABILITIES

35,624

52,435

CREDITORS
Amounts falling due after more than one
year

8

35,243

51,984
NET ASSETS 381 451

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 281 351
SHAREHOLDERS' FUNDS 381 451

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 director acknowledges his 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.

CHRONTIME LIMITED (REGISTERED NUMBER: 09547200)

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.

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

The financial statements were approved by the director and authorised for issue on 18 June 2025 and were signed by:





C R Walters - Director


CHRONTIME LIMITED (REGISTERED NUMBER: 09547200)

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

1. STATUTORY INFORMATION

Chrontime 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
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.
Fixtures fittings and equipment - 25% on reducing balance
Computer equipment - 20% on 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.

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.

CHRONTIME LIMITED (REGISTERED NUMBER: 09547200)

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

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 7 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
fittings
and Computer
equipment equipment Totals
£    £    £   
COST
At 1 January 2024
and 31 December 2024 20,379 8,000 28,379
DEPRECIATION
At 1 January 2024 15,752 5,867 21,619
Charge for year 1,157 1,600 2,757
At 31 December 2024 16,909 7,467 24,376
NET BOOK VALUE
At 31 December 2024 3,470 533 4,003
At 31 December 2023 4,627 2,133 6,760

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 21,711 31,022
Directors current account 77,598 79,066
Tax 26,553 26,553
Prepayments and accrued income - 6,479
125,862 143,120

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 32,474 45,422
Trade creditors 90,633 77,359
Tax 6,678 26,488
Social security and other taxes 2,057 1,879
VAT 10,632 15,380
Other creditors 7,568 -
Accruals and deferred income 2,199 4,981
152,241 171,509

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 9) 35,243 51,984

CHRONTIME LIMITED (REGISTERED NUMBER: 09547200)

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

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 16,837 30,510
Bank loans 15,637 14,912
32,474 45,422

Amounts falling due between two and five years:
Bank loans - 2-5 years 35,243 51,984

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
C R Walters
Balance outstanding at start of year (79,066 ) (67,292 )
Amounts advanced - (11,774 )
Amounts repaid 1,468 -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (77,598 ) (79,066 )

11. ULTIMATE CONTROLLING PARTY

The controlling party is C R Walters.