REGISTERED NUMBER: 03925530 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

NEED MORE TIME LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A J Hunt

M W W Bolt

REGISTERED OFFICE:

Room 73

Wrest House

Wrest Park

Silsoe

Bedfordshire

MK45 4HR

REGISTERED NUMBER:

03925530 (England and Wales)

ACCOUNTANTS:

MDG Business Associates Limited

Room 73

Wrest House

Wrest Park

Silsoe

Bedfordshire

MK45 4HR

FIXED ASSETS

Intangible assets

5

6,000

9,000

Tangible assets

6

516

671

6,516

9,671

CURRENT ASSETS

Debtors

7

12,986

27,256

Cash at bank

263,485

205,865

276,471

233,121

CREDITORS

Amounts falling due within one year

8

96,703

81,794

NET CURRENT ASSETS

179,768

151,327

TOTAL ASSETS LESS CURRENT LIABILITIES

186,284

160,998

PROVISIONS FOR LIABILITIES

9

129

168

NET ASSETS

186,155

160,830

CAPITAL AND RESERVES

Called up share capital

10

2

2

Retained earnings

186,153

160,828

SHAREHOLDERS' FUNDS

186,155

160,830

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

A J Hunt - Director

1.	STATUTORY INFORMATION

Need More Time Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is measured at the fair vale of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and Value Added Tax.

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.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical costs includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives using either the straight line or reducing balance method.

Depreciation is provided on the following basis:

Plant and machinery

- 40% reducing balance method

Fixtures and fittings

- 15% reducing balance method

Office equipment

- 20% reducing balance method

Computer equipment

- 33% straight line method

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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2024 - 15 ) .

5.	INTANGIBLE FIXED ASSETS

Computer

software

£

Cost

At 1 April 2024

and 31 March 2025

15,000

Amortisation

At 1 April 2024

6,000

Amortisation for year

3,000

At 31 March 2025

9,000

Net book value

At 31 March 2025

6,000

At 31 March 2024

9,000

6.	TANGIBLE FIXED ASSETS

Fixtures

Office

and

Computer

equipment

fittings

equipment

Totals

£

£

£

£

Cost

At 1 April 2024

and 31 March 2025

3,195

471

33,230

36,896

Depreciation

At 1 April 2024

2,582

442

33,201

36,225

Charge for year

122

4

29

155

At 31 March 2025

2,704

446

33,230

36,380

Net book value

At 31 March 2025

491

25

-

516

At 31 March 2024

613

29

29

671

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

7,510

24,678

Other debtors

1,206

661

Prepayments

4,270

1,917

12,986

27,256

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

3,061

1,716

Corporation tax

38,785

39,530

Social security and other taxes

7,045

2,614

VAT

39,669

32,683

Other creditors

3,725

3,176

Directors' loan accounts

2,768

475

Accrued expenses

1,650

1,600

96,703

81,794

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

129

168

Deferred

tax

£

Balance at 1 April 2024

168

Capital allowances in excess

of depreciation

(39

)

Balance at 31 March 2025

129

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

£1

2

2

11.	RELATED PARTY DISCLOSURES

Included within creditors is an amount of £2,768 (2024: £319) due to A J Hunt, director. No interest has been charged on this balance during the year (2024: £Nil) and there are no set repayment terms.

Included within creditors is an amount of £Nil (2024: £156) due to M W W Bolt, director. No interest has been charged on this balance during the year (2024: £Nil) and there are no set repayment terms.