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REGISTERED NUMBER: 01554067












Unaudited Financial Statements

for the Year Ended 31 October 2024

for

Time Leisure Limited

Time Leisure Limited (Registered number: 01554067)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Time Leisure Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: M C Binley
Mrs. C Porter





SECRETARY: N Selby





REGISTERED OFFICE: Nene Court
The Embankment
Wellingborough
Northamptonshire
NN8 1LD





REGISTERED NUMBER: 01554067





ACCOUNTANTS: John S Ward & Co Limited
Chartered Certified Accountants
26-28 Headlands
Kettering
Northamptonshire
NN15 7HP

Time Leisure Limited (Registered number: 01554067)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 381,431 332,130
Investments 5 5,183 5,183
386,614 337,313

CURRENT ASSETS
Stocks 460,857 480,597
Debtors 6 285,649 333,780
Cash in hand 4,504 2,539
751,010 816,916
CREDITORS
Amounts falling due within one year 7 567,288 672,586
NET CURRENT ASSETS 183,722 144,330
TOTAL ASSETS LESS CURRENT
LIABILITIES

570,336

481,643

CREDITORS
Amounts falling due after more than
one year

8

(100,961

)

(148,420

)

PROVISIONS FOR LIABILITIES (82,615 ) (31,540 )
NET ASSETS 386,760 301,683

Time Leisure Limited (Registered number: 01554067)

Balance Sheet - continued
31 October 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 515 515
Capital redemption reserve 122 122
Retained earnings 386,123 301,046
386,760 301,683

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

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

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 28 July 2025 and were signed on its behalf by:





M C Binley - Director


Time Leisure Limited (Registered number: 01554067)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Time Leisure Limited is a private company, limited by shares , 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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 - 15% on reducing balance

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 Leisure Limited (Registered number: 01554067)

Notes to the Financial Statements - continued
for the Year Ended 31 October 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 19 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2023 4,481 823,860 828,341
Additions - 114,776 114,776
Disposals - (5,000 ) (5,000 )
At 31 October 2024 4,481 933,636 938,117
DEPRECIATION
At 1 November 2023 - 496,211 496,211
Charge for year - 63,454 63,454
Eliminated on disposal - (2,979 ) (2,979 )
At 31 October 2024 - 556,686 556,686
NET BOOK VALUE
At 31 October 2024 4,481 376,950 381,431
At 31 October 2023 4,481 327,649 332,130

Time Leisure Limited (Registered number: 01554067)

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

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 November 2023
and 31 October 2024 5,183
NET BOOK VALUE
At 31 October 2024 5,183
At 31 October 2023 5,183

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 102,284 103,370
Amounts owed by group undertakings 166,674 218,269
Other debtors 16,691 12,141
285,649 333,780

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 175,977 326,050
Hire purchase contracts 22,571 27,168
Trade creditors 223,912 186,340
Amounts owed to group undertakings 5,183 5,183
Taxation and social security 92,321 79,245
Other creditors 47,324 48,600
567,288 672,586

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 31,540 80,272
Hire purchase contracts 69,421 68,148
100,961 148,420