| Registered number: 05886806 | ||||||||
| FOR THE YEAR ENDED 31/07/2025 | ||||||||
| Prepared By: | ||||||||
| Gibsons Accountants Ltd | ||||||||
| Chartered Accountants | ||||||||
| 226 Oldham Road | ||||||||
| Rochdale | ||||||||
| Lancashire | ||||||||
| OL112ER | ||||||||
| Timeware (UK) Ltd | ||||||||
| ACCOUNTS | ||||||||
| FOR THE YEAR ENDED 31/07/2025 | ||||||||
| DIRECTORS | ||||||||
| REGISTERED OFFICE | ||||||||
| Lancashire | ||||||||
| COMPANY DETAILS | ||||||||
| Private company limited by shares registered in EW - England and Wales, registered number 05886806 | ||||||||
| ACCOUNTANTS | ||||||||
| Gibsons Accountants Ltd | ||||||||
| Chartered Accountants | ||||||||
| 226 Oldham Road | ||||||||
| Rochdale | ||||||||
| Lancashire | ||||||||
| OL112ER | ||||||||
| Timeware (UK) Ltd | ||||||||
| ACCOUNTS | ||||||||
| FOR THEYEARENDED31/07/2025 | ||||||||
| CONTENTS | ||||||||
| Page | ||||||||
| Directors' Report | - | |||||||
| Accountants' Report | - | |||||||
| Statement Of Comprehensive Income | - | |||||||
| Balance Sheet | 3 | |||||||
| Notes To The Accounts | 4 | |||||||
| The following do not form part of the statutory financial statements: | ||||||||
| Trading And Profit And Loss Account | - | |||||||
| Profit And Loss Account Summaries | - | |||||||
| Timeware (UK) Ltd | ||||||||
| BALANCE SHEET AT | ||||||||||
| 2025 | 2024 | |||||||||
| Notes | £ | £ | ||||||||
| FIXED ASSETS | ||||||||||
| Intangible assets | 3 | |||||||||
| Tangible assets | 4 | |||||||||
| CURRENT ASSETS | ||||||||||
| Stock | ||||||||||
| Debtors | 6 | |||||||||
| Cash at bank and in hand | ||||||||||
| 360,166 | 284,879 | |||||||||
| CREDITORS: Amounts falling due within one year | 7 | |||||||||
| NET CURRENT ASSETS | 118,822 | |||||||||
| TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
| CREDITORS: Amounts falling due after more than one year | 8 | - | 8,365 | |||||||
| NET ASSETS | ||||||||||
| CAPITAL AND RESERVES | ||||||||||
| Called up share capital | 9 | |||||||||
| Profit and loss account | 202,925 | 158,793 | ||||||||
| SHAREHOLDERS' FUNDS | ||||||||||
| Approved by the board on | ||||||||||
| ............................. | ||||||||||
| Director | ||||||||||
| Timeware (UK) Ltd | ||||||||
| NOTES TO THE ACCOUNTS | ||||||||||
| FOR THE YEAR ENDED 31/07/2025 | ||||||||||
| 1. ACCOUNTING POLICIES |
| 1a. Basis Of Accounting | ||||||||
| The accounts have been prepared under the historical cost convention. | ||||||||
| The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . | ||||||||
| 1b. Depreciation | ||||||||
| Fixtures and Fittings | reducing balance 15% | |||||||
| Equipment | straight line 20% | |||||||
| 1c. Intangible Assets | ||||||||
| 1d. Stocks | ||||||||
| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. | ||||||||
| When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. | ||||||||
| 1e. Taxation | ||||||||
| Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. | ||||||||
| Timeware (UK) Ltd | ||||||||
| 1f. Pension Costs | ||||||||
| The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. | ||||||||
| 1g. Revenue Recognition | ||||||||
| Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when goods are delivered and legal title has passed. | ||||||||
| 2. EMPLOYEES | ||||||
| 2025 | 2024 | |||||
| No. | No. | |||||
| Average number of employees | 14 | |||||
| 3. INTANGIBLE FIXED ASSETS | ||||
| Domain name | ||||
| Total | ||||
| £ | £ | |||
| Cost | ||||
| At 01/08/2024 | 5,702 | 5,702 | ||
| At 31/07/2025 | 5,702 | 5,702 | ||
| Depreciation | ||||
| At 01/08/2024 | 1,710 | 1,710 | ||
| For the year | 570 | 570 | ||
| At 31/07/2025 | 2,280 | 2,280 | ||
| Net Book Amounts | ||||
| At 31/07/2025 | ||||
| At 31/07/2024 | ||||
| Timeware (UK) Ltd | ||||||||
| 4. TANGIBLE FIXED ASSETS | ||||||
| Fixtures | ||||||
| and Fittings | Equipment | Total | ||||
| £ | £ | £ | ||||
| Cost | ||||||
| At 01/08/2024 | 18,907 | 126,146 | 145,053 | |||
| Additions | - | 9,032 | 9,032 | |||
| At 31/07/2025 | 18,907 | 135,178 | 154,085 | |||
| Depreciation | ||||||
| At 01/08/2024 | 11,402 | 89,207 | 100,609 | |||
| For the year | 1,185 | 16,035 | 17,220 | |||
| At 31/07/2025 | 12,587 | 105,242 | 117,829 | |||
| Net Book Amounts | ||||||
| At 31/07/2025 | 36,256 | |||||
| At 31/07/2024 | 44,444 | |||||
| 5. STOCK | 2025 | 2024 | ||||
| £ | £ | |||||
| Stock comprises: | ||||||
| Stock | ||||||
| 6. DEBTORS | 2025 | 2024 | ||||||
| £ | £ | |||||||
| Amounts falling due within one year | ||||||||
| Trade debtors | 278,210 | 219,865 | ||||||
| UK corporation tax | - | 4,190 | ||||||
| Other debtors - employee loan | - | 750 | ||||||
| Other debtors - RDEC | 10,837 | - | ||||||
| Amounts due from related companies NMD3 develop | 1,000 | 1,000 | ||||||
| Amounts due from related companies NMD3 Hosting | 1,000 | 1,000 | ||||||
| Prepayments | 9,036 | 5,537 | ||||||
| 300,083 | 232,342 | |||||||
| Timeware (UK) Ltd | ||||||||
| 7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
| 2025 | 2024 | |||||||
| £ | £ | |||||||
| VAT | 80,175 | 78,848 | ||||||
| PAYE control | 15,263 | 12,441 | ||||||
| Salaries and wages control | 1,575 | 675 | ||||||
| Pension control | - | 1,627 | ||||||
| Directors current account S Birchall | 15,892 | 500 | ||||||
| Directors current account N Price | 19 | 519 | ||||||
| Bank loans and overdrafts | 30,936 | 10,643 | ||||||
| Bank Loan | - | 2,034 | ||||||
| Bounce back loan | 5,711 | 10,648 | ||||||
| Trade creditors | 41,391 | 42,201 | ||||||
| Accruals | 4,857 | 4,921 | ||||||
| Amounts due to related companies - NMD3 | 1,000 | 1,000 | ||||||
| 196,819 | 166,057 | |||||||
| . | ||||||||
| 8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
| 2025 | 2024 | |||||||
| £ | £ | |||||||
| Bounce back loan >1 year | - | 8,365 | ||||||
| - | 8,365 | |||||||
| 9. SHARE CAPITAL | 2025 | 2024 | ||||||
| £ | £ | |||||||
| Allotted, issued and fully paid: | ||||||||
| 100 | 100 | |||||||
| 100 | 100 | |||||||
| 10. CONTROLLING PARTY | ||||||||
| The company is controlled by the directors who own 100% of the called up share capital. | ||||||||
| Timeware (UK) Ltd | ||||||||
| 11. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||