REGISTERED NUMBER: 04375515 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2025

for

The Original Time 2 Talk Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr S G Rowlands

REGISTERED OFFICE:

558 Middle Road

Fforestfach

SWANSEA

SA5 8EG

REGISTERED NUMBER:

04375515 (England and Wales)

ACCOUNTANTS:

Ashmole & Co

First Floor

1 St John's Court

Upper Fforest Way

Enterprise Park

Swansea

SA6 8QQ

BANKERS:

National Westminster Bank

Bellview Way

SWANSEA

SA1 5BX

FIXED ASSETS

Intangible assets

4

4,015

4,589

Tangible assets

5

110,946

115,310

114,961

119,899

CURRENT ASSETS

Stocks

6,500

7,790

Debtors

6

2,037

395

Cash at bank and in hand

401,532

362,995

410,069

371,180

CREDITORS

Amounts falling due within one year

7

170,075

184,163

NET CURRENT ASSETS

239,994

187,017

TOTAL ASSETS LESS CURRENT LIABILITIES

354,955

306,916

CREDITORS

Amounts falling due after more than one year

8

2,500

15,401

NET ASSETS

352,455

291,515

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

352,453

291,513

SHAREHOLDERS' FUNDS

352,455

291,515

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 26 November 2025 and were signed by:

Mr S G Rowlands - Director

1.	STATUTORY INFORMATION

The Original Time 2 Talk Limited is a private company, limited by shares , registered in England and Wales. 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

2% on cost

Equipment

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

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.

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 7 (2024 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 March 2024

and 28 February 2025

30,800

5,736

36,536

AMORTISATION

At 1 March 2024

30,800

1,147

31,947

Charge for year

-

574

574

At 28 February 2025

30,800

1,721

32,521

NET BOOK VALUE

At 28 February 2025

-

4,015

4,015

At 29 February 2024

-

4,589

4,589

5.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

property

property

Equipment

£

£

£

COST

At 1 March 2024

83,104

18,080

23,684

Additions

-

-

1,111

At 28 February 2025

83,104

18,080

24,795

DEPRECIATION

At 1 March 2024

-

6,349

22,871

Charge for year

-

362

255

At 28 February 2025

-

6,711

23,126

NET BOOK VALUE

At 28 February 2025

83,104

11,369

1,669

At 29 February 2024

83,104

11,731

813

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 March 2024

15,826

34,407

10,979

186,080

Additions

-

-

-

1,111

At 28 February 2025

15,826

34,407

10,979

187,191

DEPRECIATION

At 1 March 2024

15,254

15,317

10,979

70,770

Charge for year

86

4,772

-

5,475

At 28 February 2025

15,340

20,089

10,979

76,245

NET BOOK VALUE

At 28 February 2025

486

14,318

-

110,946

At 29 February 2024

572

19,090

-

115,310

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

2,037

395

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts

2,901

8,703

Trade creditors

25,831

51,487

Tax

28,466

25,532

Social security and other taxes

1,623

2,711

VAT

19,898

18,276

Other creditors

2,799

2,030

Wages Creditor

-

1,895

Directors' current accounts

76,157

61,309

Accrued expenses

2,400

2,220

170,075

184,163

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 2-5 years

2,500

12,500

Hire purchase contracts

-

2,901

2,500

15,401