Timeworx UK Limited - Limited company - abbreviated

REGISTERED NUMBER: 07653928 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 1 June 2014 to 31 March 2015

for

Timeworx UK Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr D P Baker

REGISTERED OFFICE:

2 Church Street

Burnham

Buckinghamshire

SL1 7HZ

REGISTERED NUMBER:

07653928 (England and Wales)

ACCOUNTANTS:

Sweeting & Smedley Limited

2 Church Street

Burnham

Buckinghamshire

SL1 7HZ

FIXED ASSETS

Tangible assets

2

-

450

CURRENT ASSETS

Debtors

74,616

9,615

Cash at bank

28,034

64,519

102,650

74,134

CREDITORS

Amounts falling due within one year

20,831

16,930

NET CURRENT ASSETS

81,819

57,204

TOTAL ASSETS LESS CURRENT
LIABILITIES

81,819

57,654

CAPITAL AND RESERVES

Called up share capital

3

12

Profit and loss account

81,807

57,642

SHAREHOLDERS' FUNDS

81,819

57,654

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 23 June 2015 and were signed by:

Mr D P Baker - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

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

Plant and machinery etc

-

50% on cost

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2014

900

Additions

479

Disposals

(1,379

)

At 31 March 2015

-

DEPRECIATION

At 1 June 2014

450

Eliminated on disposal

(450

)

At 31 March 2015

-

NET BOOK VALUE

At 31 March 2015

-

At 31 May 2014

450

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.5.14

value:

£

12

Ordinary

£1

12

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 March 2015 and the year

ended 31 May 2014:

31.3.15

31.5.14

£

Mr D P Baker

Balance outstanding at start of period

-

Amounts advanced

60,735

-

Amounts repaid

-

Balance outstanding at end of period

60,735

-

Interest was charged on the director's loan at HM Revenue & Customs official rate.

Timeworx UK Limited - Limited company - abbreviated - 11.6

Timeworx UK Limited - Limited company - abbreviated - 11.6