Timing Solutions Limited

Timing Solutions Limited
Contents Page
For the Period 01 January 2024 to 31 May 2025

Accountants' report	1
Balance sheet	2
Notes to the financial statements	3

Timing Solutions Limited Accountants' Report For the Period 01 January 2024 to 31 May 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Timing Solutions Limited for the year ended 31 May 2025 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/ . This report is made solely to the Board of Directors of Timing Solutions Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Timing Solutions Limited and state those matters that we have agreed to state to the Board of Directors of Timing Solutions Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Timing Solutions Limited and its Board of Directors as a body for our work or for this report. It is your duty to ensure that Timing Solutions Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Timing Solutions Limited. You consider that Timing Solutions Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the accounts of Timing Solutions Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts ended 31 May 2025. Campbell Accountancy Limited Chartered Certified Accountants Old Chapel The Green Lower Boddington NN11 6YE 09 September 2025 1

Timing Solutions Limited
Accountants' Report
For the Period 01 January 2024 to 31 May 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Timing Solutions Limited for the year ended 31 May 2025 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/ .

This report is made solely to the Board of Directors of Timing Solutions Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Timing Solutions Limited and state those matters that we have agreed to state to the Board of Directors of Timing Solutions Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Timing Solutions Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Timing Solutions Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Timing Solutions Limited. You consider that Timing Solutions Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Timing Solutions Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts ended 31 May 2025.

Campbell Accountancy Limited
Chartered Certified Accountants
Old Chapel
The Green
Lower Boddington
NN11 6YE
09 September 2025

1

Timing Solutions Limited
Balance Sheet
As at 31 May 2025

	Notes	2025 £	2023 £
Fixed assets
Tangible fixed assets	4	227,112	287,971
		227,112	287,971
Current assets
Stocks		11,135	5,307
Debtors		301,339	48,866
Cash at bank and in hand		1,196,208	1,142,111
		1,508,682	1,196,284
Creditors: amount falling due within one year		(394,857)	(80,756)
Net current assets		1,113,825	1,115,528

Total assets less current liabilities		1,340,937	1,403,499
Creditors: amount falling due after more than one year		(15,906)	(14,408)
Provisions for liabilities		(56,195)	(68,453)
Net assets		1,268,836	1,320,638

Capital and reserves
Called up share capital		720	720
Share premium account		3,400	3,400
Capital Redemption Reserve		480	480
Profit and loss account		1,264,236	1,316,038
Shareholders' funds		1,268,836	1,320,638

For the period ended 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
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.

These 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 of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the board of directors on 09 September 2025 and were signed on its behalf by:

-------------------------------
D G Rees
Director

2

Timing Solutions Limited
Notes to the Abridged Financial Statements
For the Period 01 January 2024 to 31 May 2025

General Information

Timing Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 02631825, registration address Unit 2 Ninian Park, Ninian Way, Tamworth, Staffordshire, B77 5ES.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Operating lease rentals

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Finance lease and hire purchase charges

The finance element of the rental payment is charged to the profit and loss account on a straight line basis.

Research and development expenditure

Research and development expenditure is charged to the profit and loss account in the period in which it is incurred.

Dilapidations

Dilapidation & reinstatement costs required as a result of the ending of a lease are only provided for when there are specific identifieable costs to be brought into account.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Computer software development costs
Software development expenditure is written off, except where there is a separate project that is technically, commercially and financially viable. In these cases, the identifiable expenditure is deferred and amortised over the period the company is expected to derive benefit, commencing in the year of commercial production or exploitation.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and machinery etc

between 3 & 6 years

Assets on finance lease and hire purchase

Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the period was 43 (2023 : 43).

3.

Intangible fixed assets

Cost	Other intangible assets	Total
	£	£
At 01 January 2024	-	-
Additions	92,419	92,419
Disposals	-	-
At 31 May 2025	92,419	92,419
Amortisation
At 01 January 2024	92,419	92,419
Charge for period	-	-
On disposals	-	-
At 31 May 2025	92,419	92,419
Net book values
At 31 May 2025	-	-
At 31 December 2023	(92,419)	(92,419)

4.

Tangible fixed assets

Cost or valuation	Plant and machinery etc	Total
	£	£
At 01 January 2024	992,810	992,810
Additions	103,505	103,505
Disposals	(31,921)	(31,921)
At 31 May 2025	1,064,394	1,064,394
Depreciation
At 01 January 2024	707,591	707,591
Charge for period	158,172	158,172
On disposals	(28,481)	(28,481)
At 31 May 2025	837,282	837,282
Net book values
Closing balance as at 31 May 2025	227,112	227,112
Opening balance as at 01 January 2024	287,971	287,971

The net book value of Motor Vehicles includes £ 46,490 (2023 £31,665) in respect of assets leased under finance leases or hire purchase contracts.

3

Registered Number: 02631825
England and Wales
Abridged Accounts

for the period ended 31 May 2025
for
TIMING SOLUTIONS LIMITED