ITS TIME FOR WATCH LTD


Directors	YIGIT, Selin
	YIGIT, Yuksel


Registered Address	2 Union Street
	Brighton
	BN1 1HA


Registered Number	11429717 (England and Wales)

Balance Sheet as at
30 June 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		9,273		9,433
			9,273		9,433
Current assets
Stocks		692,000		672,039
Cash at bank and on hand		2,624		10,640
		694,624		682,679
Creditors amounts falling due within one year	4	(412,914)		(426,392)
Net current assets (liabilities)			281,710		256,287
Total assets less current liabilities			290,983		265,720
Creditors amounts falling due after one year			(58,863)		(38,585)
Net assets			232,120		227,135
Capital and reserves
Called up share capital			100		100
Profit and loss account			232,020		227,035
Shareholders' funds			232,120		227,135

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
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 and authorised for issue by the Board of Directors on 27 October 2025, and are signed on its behalf by:

YIGIT, Selin
Director

YIGIT, Yuksel
Director

Registered Company No. 11429717

ITS TIME FOR WATCH LTD

Notes to the Financial Statements
for the year ended 30 June 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Plant and machinery	5
	Office Equipment	4

	Stocks and work in progress
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2025		2024
	Average number of employees during the year	3		2

3.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 July 24	10,863
	Additions	2,700
	At 30 June 25	13,563
	Depreciation and impairment
	At 01 July 24	1,431
	Charge for year	2,859
	At 30 June 25	4,291
	Net book value
	At 30 June 25	9,273
	At 30 June 24	9,433

4.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	137,520	19,927
Bank borrowings and overdrafts	3,267	3,445
Taxation and social security	100,099	115,049
Other creditors	172,028	287,971
Total	412,914	426,392


	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.