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REGISTERED NUMBER: 06979711 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2024

for

Time Consultants Ltd

Time Consultants Ltd (Registered number: 06979711)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Time Consultants Ltd

Company Information
for the Year Ended 31st March 2024







DIRECTOR: Z Sharif





SECRETARY: Mrs L Zia





REGISTERED OFFICE: 601 High Road
Leyton
London
E10 6RF





REGISTERED NUMBER: 06979711 (England and Wales)





ACCOUNTANTS: OCG Accountants Ltd
Biz Hub Tees Valley
Belasis Hall Technology Park
Coxwold Way
Billingham
Co. Durham
TS23 4EA

Time Consultants Ltd (Registered number: 06979711)

Balance Sheet
31st March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investment property 3 281,000 273,000

CURRENT ASSETS
Debtors 4 108,689 73,549
Cash at bank 8,211 11,114
116,900 84,663
CREDITORS
Amounts falling due within one year 5 (14,402 ) (10,831 )
NET CURRENT ASSETS 102,498 73,832
TOTAL ASSETS LESS CURRENT LIABILITIES 383,498 346,832

CREDITORS
Amounts falling due after more than one
year

6

(181,025

)

(180,985

)

PROVISIONS FOR LIABILITIES (25,175 ) (23,655 )
NET ASSETS 177,298 142,192

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 107,325 100,845
Retained earnings 69,873 41,247
177,298 142,192

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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.

Time Consultants Ltd (Registered number: 06979711)

Balance Sheet - continued
31st March 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 27th March 2025 and were signed by:





Z Sharif - Director


Time Consultants Ltd (Registered number: 06979711)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. 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 as modified by the revaluation of certain assets.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

INVESTMENT PROPERTY
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

2. EMPLOYEES AND DIRECTORS

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

Time Consultants Ltd (Registered number: 06979711)

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

3. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2023 273,000
Revaluations 8,000
At 31st March 2024 281,000
NET BOOK VALUE
At 31st March 2024 281,000
At 31st March 2023 273,000

Fair value at 31st March 2024 is represented by:
£   
Valuation in 2021 116,500
Valuation in 2023 8,000
Valuation in 2024 8,000
Cost 148,500
281,000

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 108,689 73,549

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 2,841 -
Other creditors 11,561 10,831
14,402 10,831

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 181,025 180,985

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Mortgages 181,025 180,985

Time Consultants Ltd (Registered number: 06979711)

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

8. RESERVES
Fair
value
reserve
£   
At 1st April 2023 100,845
Reserve transfer 6,480

At 31st March 2024 107,325