Company Registration No. 03307929 (England and Wales)
Time It Right Limited
Unaudited accounts
for the year ended 30 September 2024
Time It Right Limited
Unaudited accounts
Contents
Time It Right Limited
Company Information
for the year ended 30 September 2024
Company Number
03307929 (England and Wales)
Registered Office
C4
Unit C4
Weeland Park, Kellingley Road
Knottingley
West Yorkshire
WF11 8FE
England
Accountants
Westlands Chartered Accountants
McMillan House
6 Wolfreton Drive
Anlaby
East Riding of Yorkshire
HU10 7BY
Time It Right Limited
Statement of financial position
as at 30 September 2024
Tangible assets
325,000
325,000
Cash at bank and in hand
7
757
Creditors: amounts falling due within one year
(39,869)
(47,508)
Net current assets
309,387
302,498
Total assets less current liabilities
634,387
627,498
Creditors: amounts falling due after more than one year
(235,107)
(235,107)
Net assets
399,280
392,391
Called up share capital
1,000
1,000
Profit and loss account
398,280
391,391
Shareholders' funds
399,280
392,391
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 June 2025 and were signed on its behalf by
Mr A Pearson
Director
Company Registration No. 03307929
Time It Right Limited
Notes to the Accounts
for the year ended 30 September 2024
Time It Right Limited is a private company, limited by shares, registered in England and Wales, registration number 03307929. The registered office is C4, Unit C4, Weeland Park, Kellingley Road, Knottingley, West Yorkshire, WF11 8FE, England.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings
At 30 September 2024
325,000
At 30 September 2024
325,000
At 30 September 2023
325,000
Time It Right Limited
Notes to the Accounts
for the year ended 30 September 2024
Amounts falling due within one year
Other debtors
349,249
349,249
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
6,423
7,587
Loans from directors
33,446
39,921
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
235,107
235,107
The company is under the control of Mr A Pearson, the sole director and shareholder of the director.
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).