Registered number
SC352585
Time for You (Fife) Limited
Filleted Accounts
31 January 2025
Time for You (Fife) Limited
Registered number: SC352585
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 52,375 40,328
Current assets
Debtors 4 24,836 24,570
Cash at bank and in hand 25,896 53,586
50,732 78,156
Creditors: amounts falling due within one year 5 (24,028) (44,718)
Net current assets 26,704 33,438
Total assets less current liabilities 79,079 73,766
Creditors: amounts falling due after more than one year 6 (25,087) (38,371)
Provisions for liabilities (9,951) (5,756)
Net assets 44,041 29,639
Capital and reserves
Called up share capital 2 2
Historic adjustment 2,825 -
Profit and loss account 41,214 29,637
Shareholders' funds 44,041 29,639
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R Watson
Director
Approved by the board on 8 August 2025
Time for You (Fife) Limited
Notes to the Accounts
for the year ended 31 January 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services and 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on at the following annual rates on all tangible fixed assets, other than freehold land, as follows:
Plant and machinery 20% on a Reducing Balance basis
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 4 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 February 2024 4,591 52,505 57,096
Additions 1,399 20,741 22,140
At 31 January 2025 5,990 73,246 79,236
Depreciation
At 1 February 2024 2,686 14,082 16,768
Charge for the year 487 9,606 10,093
At 31 January 2025 3,173 23,688 26,861
Net book value
At 31 January 2025 2,817 49,558 52,375
At 31 January 2024 1,905 38,423 40,328
4 Debtors 2025 2024
£ £
Trade debtors 3,725 3,459
Other debtors 21,111 21,111
24,836 24,570
5 Creditors: amounts falling due within one year 2025 2024
£ £
Go Cardless - 39,137
Corporation tax 21,867 4,636
Other taxes and social security costs 1,557 1,020
Other creditors 604 (75)
24,028 44,718
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 2,812 4,812
Obligations under finance lease and hire purchase contracts 22,185 33,255
Other creditors 90 304
25,087 38,371
7 Other information
Time for You (Fife) Limited is a private company limited by shares and incorporated in Scotland. Its registered office is:
7 Little Craigs View
Burntisland
Fife
KY3 0DB
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