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Registration number: 08969626

Time Logistics Ltd
Unaudited Filleted Financial Statements
for the Year Ended 30 April 2025

Time Logistics Ltd

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 8

Time Logistics Ltd

Company Information

Directors | Mr J Palmer Mr J R Hodgkins Mr C Gardner

Registered office | Langley Brook Business Park Middleton Tamworth Staffordshire B78 2BP

Accountants | Wychbury Greaves Station House Station Road Rugeley Staffordshire WS15 3HA

Time Logistics Ltd

(Registration number: 08969626)
Balance Sheet as at 30 April 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 1,536,457 | 1,802,938
Current assets |  |  |
Debtors |  | 2,112,850 | 1,820,352
Cash at bank and in hand |  | 131,450 | 125,688
|  | 2,244,300 | 1,946,040
Creditors: Amounts falling due within one year |  | (1,740,024) | (1,599,044)
Net current assets |  | 504,276 | 346,996
Total assets less current liabilities |  | 2,040,733 | 2,149,934
Creditors: Amounts falling due after more than one year |  | (486,190) | (633,473)
Provisions for liabilities |  | (261,370) | (332,440)
Net assets |  | 1,293,173 | 1,184,021
Capital and reserves |  |  |
Called up share capital | 5 | 200 | 200
Share premium reserve |  | 8,940 | 8,940
Retained earnings |  | 1,284,033 | 1,174,881
Shareholders' funds |  | 1,293,173 | 1,184,021

For the financial 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.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 April 2023 in accordance with Section 444(2a) of the Companies Act 2006.

Approved and authorised by the Board on 27 February 2026 and signed on its behalf by:

......................................... Mr J Palmer Director

Time Logistics Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

1 | General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Langley Brook Business Park
Middleton
Tamworth
Staffordshire
B78 2BP
England

These financial statements were authorised for issue by the Board on 27 February 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Time Logistics Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Office equipment | 20% reducing balance
Plant & machinery | 25% reducing balance
Vans & trailers | 20% & 25% reducing balance
Fixtures & fittings | 20% reducing balance
Improvements to property | Straight line over 2 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Time Logistics Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 48 (2024 - 49).

Time Logistics Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

4 | Tangible assets

| Long leasehold land and buildings £ | Fixtures and fittings £ | Plant and machinery £ | Office equipment £
Cost or valuation
At 1 May 2024 | 117,079 | 189,538 | 220,221 | 74,966
Additions | - | 9,887 | 11,183 | -
Disposals | - | - | - | -
At 30 April 2025 | 117,079 | 199,425 | 231,404 | 74,966
Depreciation
At 1 May 2024 | 100,486 | 125,652 | 163,335 | 52,600
Charge for the year | 16,593 | 14,754 | 17,026 | 4,480
Eliminated on disposal | - | - | - | -
At 30 April 2025 | 117,079 | 140,406 | 180,361 | 57,080
Carrying amount
At 30 April 2025 | - | 59,019 | 51,043 | 17,886
At 30 April 2024 | 16,593 | 63,886 | 56,886 | 22,366

| Motor vehicles £ | Total £
Cost or valuation
At 1 May 2024 | 3,436,984 | 4,038,788
Additions | 194,000 | 215,070
Disposals | (87,500) | (87,500)
At 30 April 2025 | 3,543,484 | 4,166,358
Depreciation
At 1 May 2024 | 1,793,777 | 2,235,850
Charge for the year | 379,479 | 432,332
Eliminated on disposal | (38,281) | (38,281)
At 30 April 2025 | 2,134,975 | 2,629,901
Carrying amount
At 30 April 2025 | 1,408,509 | 1,536,457
At 30 April 2024 | 1,643,207 | 1,802,938

Time Logistics Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Included within the net book value of land and buildings above is £Nil (2024 - £16,593) in respect of long leasehold land and buildings.

5 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary share of £1 each | 120 | 120 | 120 | 120
Ordinary A of £1 each | 80 | 80 | 80 | 80
| 200 | 200 | 200 | 200

6 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Hire purchase contracts | 486,190 | 633,473

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | - | 43,683
Bank overdrafts | 17,147 | -
Hire purchase contracts | 285,284 | 329,248
| 302,431 | 372,931

7 | Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

| 2025 £ | 2024 £
Not later than one year | 242,946 | 218,827

The amount of non-cancellable operating lease payments recognised as an expense during the year was £169,247 (2024 - £211,963).

Time Logistics Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

8 | Related party transactions

Transactions with directors

2025 | At 1 May 2024 £ | Advances to director £ | At 30 April 2025 £
Mr J R Hodgkins
Directors loan account | 70,921 | 1,596 | 72,517
Mr J Palmer
Directors loan account | 101,286 | 2,279 | 103,565
Mr C Gardner
Directors loan account | 148,078 | 3,332 | 151,410

2024 | At 1 May 2023 £ | Advances to director £ | At 30 April 2024 £
Mr J R Hodgkins
Directors loan account | 69,514 | 1,407 | 70,921
Mr J Palmer
Directors loan account | 99,276 | 2,010 | 101,286
Mr C Gardner
Directors loan account | 145,140 | 2,938 | 148,078