Company registration number: 13862366
Unaudited financial statements
for the year ended 31 January 2025
for
T-I-M-S (NE) LIMITED
Pages for filing with the Registrar
Company registration number: 13862366
T-I-M-S (NE) LIMITED
Balance sheet
as at 31 January 2025
31 Jan 25 31 Jan 24
Note £ £ £ £
Fixed assets
Tangible assets 4 - 22,722
- 22,722
Current assets
Debtors 46,701 60,493
Cash at bank and in hand 37 51,402
46,738 111,895
Creditors: amounts falling due within one
year
(48) (52,991)
Net current assets 46,690 58,904
Total assets less current liabilities 46,690 81,626
Provisions for liabilities - (4,662)
NET ASSETS 46,690 76,964
Capital and reserves
Called up share capital 2 2
Profit and loss account 46,688 76,962
TOTAL EQUITY 46,690 76,964
The company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies for the year ended 31 January 2025.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 13862366
T-I-M-S (NE) LIMITED
Balance sheet - continued
as at 31 January 2025
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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr L Poole, Director
9 August 2025
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T-I-M-S (NE) LIMITED
Notes to the financial statements
for the year ended 31 January 2025
1 Company information
T-I-M-S (NE) LIMITED is a private company registered in England and Wales. Its registered number is 13862366. The company is limited by shares. Its registered office is Holly House, Kirkby-in-Cleveland, Middlesbrough, Cleveland, TS9 7AQ.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Fixtures & Fittings - 25% reducing balance
Motor Vehicles - 25% reducing balance
Computer Equipment - 25% reducing balance
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual
provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless
the arrangement constitutes a financing transaction, where it is recognised at the present value of the future
payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
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T-I-M-S (NE) LIMITED
Notes to the financial statements - continued
for the year ended 31 January 2025
2 Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred taxation. Tax is recognised in the Profit and loss account, 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 taxation
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 been enacted or substantively enacted by the balance sheet date 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 probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
3 Average number of employees
During the year the average number of employees was 1 (2024 - 1).
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 February 2024 37,220
Disposals (37,220)
At 31 January 2025 -
Depreciation
At 1 February 2024 14,498
Eliminated on disposal (14,498)
At 31 January 2025 -
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T-I-M-S (NE) LIMITED
Notes to the financial statements - continued
for the year ended 31 January 2025
4 Tangible fixed assets - continued
Net book value
At 31 January 2025 -
At 31 January 2024 22,722
If Motor Vehicles had not been revalued, MV would have been included at the following historical cost:
31 Jan 25 31 Jan 24
£ £
Cost - -
Accumulated depreciation - -
5 Advances, credit and guarantees granted to the director
None
6 Related party transactions
As at 31.1.25 the company owed it's director £48.

Mr L.Poole is also a director of Buzzard Lifting. As of 31.1.25 TIMS is owed £43,825 from Buzzard Lifting.
7 Ultimate controlling party
The ultimate controlling party is Mr Leeon Poole.
8 Cessation of trading
The company ceased trading on 31.1.25.
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