Company Registration No. SC626900 (Scotland)
Time & Wealth Creator Limited
Unaudited accounts
for the year ended 30 April 2025
Time & Wealth Creator Limited
Unaudited accounts
Contents
Time & Wealth Creator Limited
Company Information
for the year ended 30 April 2025
Directors
Mrs MT Thomson
Mr SA Thomson
Company Number
SC626900 (Scotland)
Registered Office
7 HARMONY COURT
BONNYRIGG
MIDLOTHIAN
EH19 3NY
SCOTLAND
Accountants
Added Accounting Ltd
8 Whitehouse Crescent
Gorebridge
EH23 4FT
Time & Wealth Creator Limited
Statement of financial position
as at 30 April 2025
Intangible assets
12,000
12,000
Tangible assets
38,076
49,275
Cash at bank and in hand
5,265
7,185
Creditors: amounts falling due within one year
(11,618)
(9,511)
Net current liabilities
(6,353)
(2,326)
Total assets less current liabilities
43,723
58,949
Creditors: amounts falling due after more than one year
(42,489)
(50,283)
Called up share capital
100
100
Profit and loss account
1,134
8,566
Shareholders' funds
1,234
8,666
For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2025 and were signed on its behalf by
Mr SA Thomson
Director
Company Registration No. SC626900
Time & Wealth Creator Limited
Notes to the Accounts
for the year ended 30 April 2025
Time & Wealth Creator Limited is a private company, limited by shares, registered in Scotland, registration number SC626900. The registered office is 7 HARMONY COURT, BONNYRIGG, MIDLOTHIAN, EH19 3NY, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% Straight line
Computer equipment
33% Straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost with no applicable amortisation.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Time & Wealth Creator Limited
Notes to the Accounts
for the year ended 30 April 2025
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 May 2024
55,783
680
56,463
At 30 April 2025
55,783
680
56,463
At 1 May 2024
6,508
680
7,188
Charge for the year
11,199
-
11,199
At 30 April 2025
17,707
680
18,387
At 30 April 2025
38,076
-
38,076
At 30 April 2024
49,275
-
49,275
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
2,556
2,556
Obligations under finance leases and hire purchase contracts
5,700
5,700
Taxes and social security
2,566
-
Loans from directors
316
805
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
41,493
47,066
Time & Wealth Creator Limited
Notes to the Accounts
for the year ended 30 April 2025
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 2 (2024: 2).