Times PBS Ltd 08790084 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is activities of patent and copyright agents. Digita Accounts Production Advanced 6.30.9574.0 true true 08790084 2024-01-01 2024-12-31 08790084 2024-12-31 08790084 core:RetainedEarningsAccumulatedLosses 2024-12-31 08790084 core:ShareCapital 2024-12-31 08790084 core:SharePremium 2024-12-31 08790084 core:CurrentFinancialInstruments 2024-12-31 08790084 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 08790084 core:Non-currentFinancialInstruments core:AfterOneYear 2024-12-31 08790084 core:FurnitureFittingsToolsEquipment 2024-12-31 08790084 bus:SmallEntities 2024-01-01 2024-12-31 08790084 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 08790084 bus:FilletedAccounts 2024-01-01 2024-12-31 08790084 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 08790084 bus:RegisteredOffice 2024-01-01 2024-12-31 08790084 bus:CompanySecretary1 2024-01-01 2024-12-31 08790084 bus:Director1 2024-01-01 2024-12-31 08790084 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08790084 bus:Agent1 2024-01-01 2024-12-31 08790084 core:FurnitureFittingsToolsEquipment 2024-01-01 2024-12-31 08790084 core:PlantMachinery 2024-01-01 2024-12-31 08790084 countries:EnglandWales 2024-01-01 2024-12-31 08790084 2023-12-31 08790084 core:FurnitureFittingsToolsEquipment 2023-12-31 08790084 2023-01-01 2023-12-31 08790084 2023-12-31 08790084 core:CurrentFinancialInstruments 2023-12-31 08790084 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 08790084 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 08790084 core:FurnitureFittingsToolsEquipment 2023-12-31 iso4217:GBP xbrli:pure

Registration number: 08790084

Times PBS Ltd
Unaudited Filleted Financial Statements
for the Year Ended 31 December 2024

Times PBS Ltd

Contents

Company Information | 1
Profit and Loss Account | 2
Balance Sheet | 3 to 4
Notes to the Unaudited Financial Statements | 5 to 9

Times PBS Ltd

Company Information

Director | M F Osmani

Company secretary | Secretariate Ltd

Registered office | Savoy House Savoy Circus London England W3 7DA

Accountants | Wem & Co Chartered Accountants Savoy House Savoy Circus London W3 7DA

Times PBS Ltd

Profit and Loss Account for the Year Ended 31 December 2024

| 31.12.24 £ | Note | 31.12.23 £
TURNOVER |  | 448,029 |  |  | 576,651
Cost of sales |  | - |  |  | -
GROSS PROFIT |  | 448,029 |  |  | 576,651
Administrative expenses |  | (507,696) |  |  | (629,742)
Operating loss |  | (59,667) |  |  | (53,091)
Other interest receivable and similar income | 33 |  |  | 212 |
Interest payable and similar expenses | (2,603) |  |  | (999) |
|  | (2,570) |  |  | (787)
Loss before tax |  | (62,237) |  |  | (53,878)
PROFIT/(LOSS) FOR FINANCIAL YEAR |  | (62,237) |  |  | (53,878)

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

Times PBS Ltd

(Registration number: 08790084)
Balance Sheet as at 31 December 2024

| Note | 31.12.24 £ | 31.12.23 £
Fixed assets |  |  |
Tangible assets | 4 | 4,509 | 7,560
Current assets |  |  |
Debtors | 5 | 64,987 | 40,810
Cash at bank and in hand |  | 845 | 1,211
|  | 65,832 | 42,021
Creditors: Amounts falling due within one year | 6 | (188,935) | (102,450)
Net current liabilities |  | (123,103) | (60,429)
Total assets less current liabilities |  | (118,594) | (52,869)
Creditors: Amounts falling due after more than one year | 6 | (28,773) | (32,261)
Provisions for liabilities |  | (1,875) | (1,875)
Net liabilities |  | (149,242) | (87,005)
Capital and reserves |  |  |
Called up share capital |  | 1,000 | 1,000
Share premium reserve |  | 199,694 | 199,694
Retained earning |  | (349,936) | (287,699)
Shareholders' deficit |  | (149,242) | (87,005)

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Times PBS Ltd

(Registration number: 08790084)
Balance Sheet as at 31 December 2024 (continued)

Director's 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 director acknowledges his 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.

Approved and authorised by the director on 6 May 2026

......................................... M F Osmani Director

Times PBS Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1 | General information

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

The address of its registered office is:
Savoy House
Savoy Circus
London
W3 7DA
England

These financial statements were authorised for issue by the director on 6 May 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.

The presentational currency is Pound Sterling (£).

Going concern

The financial statements have been prepared on a going concern basis on the understanding that the director will continue to support the business for at least 12 months from the date of signing the financial statements.

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.

Times PBS Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

2 | Accounting policies (continued)

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
Plant and machinery etc | 25% straight line basis

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Times PBS Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

2 | Accounting policies (continued)

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.

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.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 11 (2023 - 12).

Times PBS Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

4 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 January 2024 | 43,284 | 43,284
Additions | 544 | 544
At 31 December 2024 | 43,828 | 43,828
Depreciation
At 1 January 2024 | 35,724 | 35,724
Charge for the year | 3,595 | 3,595
At 31 December 2024 | 39,319 | 39,319
Carrying amount
At 31 December 2024 | 4,509 | 4,509
At 31 December 2023 | 7,560 | 7,560

5 | Debtors

Current | 31.12.24 £ | 31.12.23 £
Other debtors | 64,987 | 40,810

Times PBS Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

6 | Creditors

Creditors: amounts falling due within one year

| Note | 31.12.24 £ | 31.12.23 £
Due within one year |  |  |
Loans and borrowings |  | 5,397 | 5,311
Trade creditors |  | 33,875 | 26,234
Taxation and social security |  | 86,030 | 25,931
Accruals and deferred income |  | 40,732 | 34,289
Other creditors |  | 22,901 | 10,685
|  | 188,935 | 102,450

Creditors: amounts falling due after more than one year

| Note | 31.12.24 £ | 31.12.23 £
Due after one year |  |  |
Loans and borrowings |  | 28,773 | 32,261