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Registered number: 12002332
Life On Time Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2025
Accsys Accountants Limited
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Company Information
Directors Mr J F Belas
Mr I J Batcheldor
Mr J D Ford
Mr H A Bailie
Mr M J Harling-Coward
Company Number 12002332
Registered Office Trade Fair House 2 West Court
Enterprise Road
Maidstone
Kent
ME15 6JD
Accountants Accsys Accountants Limited
Chartered Accountants
Trade Fair House 2 West Court
Enterprise Road
Maidstone
Kent
ME15 6JD
Page 1
Page 2
Balance Sheet
Registered number: 12002332
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 66,880 72,195
Tangible Assets 5 1,521 2,029
68,401 74,224
CURRENT ASSETS
Debtors 6 12,415 23,627
Cash at bank and in hand 18,148 100,921
30,563 124,548
Creditors: Amounts Falling Due Within One Year 7 (47,157 ) (96,954 )
NET CURRENT ASSETS (LIABILITIES) (16,594 ) 27,594
TOTAL ASSETS LESS CURRENT LIABILITIES 51,807 101,818
NET ASSETS 51,807 101,818
CAPITAL AND RESERVES
Called up share capital 8 121 121
Share premium account 37,139 37,139
Profit and Loss Account 14,547 64,558
SHAREHOLDERS' FUNDS 51,807 101,818
Page 2
Page 3
For the year ending 31 December 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr J D Ford
Director
29/04/2026
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Life On Time Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12002332 . The registered office is Trade Fair House 2 West Court, Enterprise Road, Maidstone, Kent, ME15 6JD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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.
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.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to the profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
Computer Equipment 25% on reducing balance
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2024: 2)
5 2
Page 4
Page 5
4. Intangible Assets
Other
£
Cost
As at 1 January 2025 114,370
Additions 16,099
As at 31 December 2025 130,469
Amortisation
As at 1 January 2025 42,175
Provided during the period 21,414
As at 31 December 2025 63,589
Net Book Value
As at 31 December 2025 66,880
As at 1 January 2025 72,195
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2025 900 1,517 2,417
As at 31 December 2025 900 1,517 2,417
Depreciation
As at 1 January 2025 254 134 388
Provided during the period 162 346 508
As at 31 December 2025 416 480 896
Net Book Value
As at 31 December 2025 484 1,037 1,521
As at 1 January 2025 646 1,383 2,029
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 6,784 13,896
Other debtors 5,631 9,731
12,415 23,627
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 4,000 6,811
Other creditors 37,076 82,740
Taxation and social security 6,081 7,403
47,157 96,954
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 121 121
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 13,616 13,616
Later than one year and not later than five years 6,460 19,750
20,076 33,366
Page 6