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REGISTERED NUMBER: SC512134 (Scotland)













Unaudited Financial Statements

for the Year Ended 30 November 2024

for

TIMES LIKE THESE FESTIVALS LIMITED

TIMES LIKE THESE FESTIVALS LIMITED (REGISTERED NUMBER: SC512134)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 NOVEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TIMES LIKE THESE FESTIVALS LIMITED

Company Information
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTOR: K B Moore





REGISTERED OFFICE: 6th Floor, Gordon Chambers
90 Mitchell Street
Glasgow
G1 3NQ





REGISTERED NUMBER: SC512134 (Scotland)





ACCOUNTANTS: BK Plus Ltd
6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
Lanarkshire
G1 3NQ

TIMES LIKE THESE FESTIVALS LIMITED (REGISTERED NUMBER: SC512134)

Balance Sheet
30 NOVEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 711 1,988
Tangible assets 5 144,198 41,674
144,909 43,662

CURRENT ASSETS
Stocks 106,974 66,960
Debtors 6 74,178 55,421
Cash at bank and in hand 3,444 27,875
184,596 150,256
CREDITORS
Amounts falling due within one year 7 247,777 155,962
NET CURRENT LIABILITIES (63,181 ) (5,706 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

81,728

37,956

CREDITORS
Amounts falling due after more than one
year

8

81,165

16,343
NET ASSETS 563 21,613

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 562 21,612
SHAREHOLDERS' FUNDS 563 21,613

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

TIMES LIKE THESE FESTIVALS LIMITED (REGISTERED NUMBER: SC512134)

Balance Sheet - continued
30 NOVEMBER 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 25 August 2025 and were signed by:





A Rashid - Director


TIMES LIKE THESE FESTIVALS LIMITED (REGISTERED NUMBER: SC512134)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 NOVEMBER 2024

1. STATUTORY INFORMATION

Times Like These Festivals Limited is a private company, limited by shares , registered in Scotland. 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.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website are being amortised evenly over their estimated useful life of five years.

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 - 33% on a straight line basis, 20% on a reducing balance basis, 15% on a reducing balance basis and 10% on a straight line basis

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.


TIMES LIKE THESE FESTIVALS LIMITED (REGISTERED NUMBER: SC512134)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 NOVEMBER 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 5 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 December 2023
and 30 November 2024 5,892
AMORTISATION
At 1 December 2023 3,904
Charge for year 1,277
At 30 November 2024 5,181
NET BOOK VALUE
At 30 November 2024 711
At 30 November 2023 1,988

TIMES LIKE THESE FESTIVALS LIMITED (REGISTERED NUMBER: SC512134)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2023 85,598
Additions 111,878
At 30 November 2024 197,476
DEPRECIATION
At 1 December 2023 43,924
Charge for year 9,354
At 30 November 2024 53,278
NET BOOK VALUE
At 30 November 2024 144,198
At 30 November 2023 41,674

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 27,010 36,848
Other debtors 47,168 18,573
74,178 55,421

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,649 10,649
Trade creditors 123,483 90,743
Taxation and social security 5,835 30,663
Other creditors 107,810 23,907
247,777 155,962

TIMES LIKE THESE FESTIVALS LIMITED (REGISTERED NUMBER: SC512134)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 6,407 16,343
Other creditors 74,758 -
81,165 16,343