Time Freedom Alchemist Ltd 31/03/2025 iXBRL

Company registration number: 08450951

Time Freedom Alchemist Ltd

Unaudited filleted financial statements

31 March 2025

Time Freedom Alchemist Ltd

Contents

Directors and other information

Balance sheet

Statement of changes in equity

Notes to the financial statements

Time Freedom Alchemist Ltd

Directors and other information


	Directors	Ms Tracy Irwin
		Miss Alaine Keeble


	Company number	08450951


	Registered office	124 City Road
		London
		EC1V 2NX

Time Freedom Alchemist Ltd

Balance sheet

31 March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	5	1,335		1,372
		_______		_______
			1,335		1,372

Current assets
Debtors	6	35,322		38,001
Cash at bank and in hand		24,323		11,686
		_______		_______
		59,645		49,687
Creditors: amounts falling due
within one year	7	( 4,966)		( 1,353)
		_______		_______
Net current assets			54,679		48,334
			_______		_______
Total assets less current liabilities			56,014		49,706

Creditors: amounts falling due
after more than one year	8		( 31,291)		( 31,291)
			_______		_______
Net assets			24,723		18,415
			_______		_______

Capital and reserves
Called up share capital			2		2
Profit and loss account			24,721		18,413
			_______		_______
Shareholders funds			24,723		18,415
			_______		_______

For the year ending 31 March 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 financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 17 December 2025 , and are signed on behalf of the board by:

Ms Tracy Irwin

Director

Time Freedom Alchemist Ltd

Statement of changes in equity

Year ended 31 March 2025

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 April 2023	2	34,145	34,147

Profit/(loss) for the year		( 6,816)	( 6,816)
	_______	_______	_______
Total comprehensive income for the year	-	( 6,816)	( 6,816)

Dividends paid and payable		( 8,916)	( 8,916)
	_______	_______	_______
Total investments by and distributions to owners	-	( 8,916)	( 8,916)

	_______	_______	_______
At 31 March 2024 and 1 April 2024	2	18,413	18,415

Profit/(loss) for the year		6,308	6,308
	_______	_______	_______
Total comprehensive income for the year	-	6,308	6,308

	_______	_______	_______
At 31 March 2025	2	24,721	24,723
	_______	_______	_______

Time Freedom Alchemist Ltd

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Time Freedom Alchemist Limited, 124 City Road, London, EC1V 2NX.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

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

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the 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.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to profit or loss.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Plant and machinery	-	20 %	straight line
Computer Equipment	-	20 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Tangible assets

	Plant and machinery	Computer Equipments	Total
	£	£	£
Cost
At 1 April 2024	881	1,242	2,123
Additions	-	439	439
	_______	_______	_______
At 31 March 2025	881	1,681	2,562
	_______	_______	_______
Depreciation
At 1 April 2024	402	349	751
Charge for the year	140	336	476
	_______	_______	_______
At 31 March 2025	542	685	1,227
	_______	_______	_______
Carrying amount
At 31 March 2025	339	996	1,335
	_______	_______	_______
At 31 March 2024	479	893	1,372
	_______	_______	_______

6. Debtors

	2025	2024
	£	£
Trade debtors	5,040	7,485
Other debtors	30,282	30,516
	_______	_______
	35,322	38,001
	_______	_______

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	2,001	770
Corporation tax	85	10
Social security and other taxes	2,594	573
Other creditors	286	-
	_______	_______
	4,966	1,353
	_______	_______

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Other creditors	31,291	31,291
	_______	_______

9. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2025
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Ms Tracy Irwin	30,516	10,051	( 10,431)	30,136
	Miss Alaine Keeble	-	-	-	-
		_______	_______	_______	_______

2024
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Ms Tracy Irwin	28,764	13,602	( 11,850)	30,516
	Miss Alaine Keeble	6,816	2,100	( 8,916)	-
		_______	_______	_______	_______
		35,580	15,702	( 20,766)	30,516
		_______	_______	_______	_______