REGISTERED NUMBER: SC048034 (Scotland)

Financial Statements

for the Year Ended 24 October 2025

for

Timetra Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R S Murray

S G Burns

L S Murray

SECRETARY:

Mrs L Murray

REGISTERED OFFICE:

Block 15 Unit 148

Moshill Road

Newhouse Industrial Estate

Newhouse

Lanarkshire

ML1 5RX

REGISTERED NUMBER:

SC048034 (Scotland)

ACCOUNTANTS:

Gerber Landa & Gee

Chartered Accountants

Pavilion 1

Finnieston Business Park

Minerva Way

GLASGOW

G3 8AU

FIXED ASSETS

Tangible assets

4

941,972

959,427

CURRENT ASSETS

Stocks

5

1,156,411

641,382

Debtors

6

589,717

690,294

Cash at bank and in hand

121,319

188,138

1,867,447

1,519,814

CREDITORS

Amounts falling due within one year

7

1,208,942

950,594

NET CURRENT ASSETS

658,505

569,220

TOTAL ASSETS LESS CURRENT LIABILITIES

1,600,477

1,528,647

CREDITORS

Amounts falling due after more than one year

8

(254,195

)

(248,503

)

PROVISIONS FOR LIABILITIES

(87,158

)

(87,158

)

NET ASSETS

1,259,124

1,192,986

CAPITAL AND RESERVES

Called up share capital

50,000

50,000

Retained earnings

1,209,124

1,142,986

SHAREHOLDERS' FUNDS

1,259,124

1,192,986

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 24 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 24 October 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 July 2026 and were signed on its behalf by:

R S Murray - Director

1.	STATUTORY INFORMATION

Timetra Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Where there is a contract which is only partially completed at the balance sheet date turnover represents the value of service provided to date based on a proportion of the total contract value.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

2% on cost or revalued amount

Plant and machinery etc

-

33% on cost and 25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 58 (2024 - 58 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 25 October 2024

556,349

1,192,862

1,749,211

Additions

-

208,144

208,144

Disposals

-

(87,959

)

(87,959

)

At 24 October 2025

556,349

1,313,047

1,869,396

DEPRECIATION

At 25 October 2024

55,649

734,135

789,784

Charge for year

11,130

165,482

176,612

Eliminated on disposal

-

(73,575

)

(73,575

)

Transfer to ownership

-

34,603

34,603

At 24 October 2025

66,779

860,645

927,424

NET BOOK VALUE

At 24 October 2025

489,570

452,402

941,972

At 24 October 2024

500,700

458,727

959,427

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 25 October 2024

701,858

Additions

208,144

Transfer to ownership

(246,074

)

At 24 October 2025

663,928

DEPRECIATION

At 25 October 2024

289,300

Charge for year

150,587

Transfer to ownership

(142,261

)

At 24 October 2025

297,626

NET BOOK VALUE

At 24 October 2025

366,302

At 24 October 2024

412,558

5.

STOCKS

24.10.25

24.10.24

£

£

Stock and work in progress

1,156,411

641,382

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

24.10.25

24.10.24

£

£

Trade debtors

579,911

679,264

Other debtors

9,806

11,030

589,717

690,294

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

24.10.25

24.10.24

£

£

Bank loans and overdrafts

34,963

27,700

Hire purchase contracts

158,211

177,157

Trade creditors

838,235

492,248

Taxation and social security

93,073

216,361

Other creditors

84,460

37,128

1,208,942

950,594

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

24.10.25

24.10.24

£

£

Bank loans

57,687

81,377

Hire purchase contracts

196,508

167,126

254,195

248,503

9.	SECURED DEBTS

The following secured debts are included within creditors:

24.10.25

24.10.24

£

£

Bank overdraft

11,129

-

Bank loans

81,521

109,077

92,650

109,077

The Royal Bank of Scotland hold a Bond and Floating charge over the whole property of the company in respect of all sums falling due. The Royal Bank of Scotland also hold a standard security over the company's property situated at Block 15, Mosshall Road, Newhouse.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The director, Mr R S Murray, has provided interest free advances to the company. The balance at 24 October 2025 was £9,000 (2024 - £9,000).

11.	ULTIMATE CONTROLLING PARTY