Time Financial Management Ltd,Ltd - AccountsLtd - Accounts

Time Financial Management Ltd,Ltd - AccountsLtd - Accounts

TIME FINANCIAL MANAGEMENT LTD - Company Information

Print Friendly Version

2021-04-01 07071162 2022-03-31 07071162 2021-04-01 2022-03-31 07071162 2021-03-31 07071162 2020-04-01 2021-03-31 07071162 uk-core:WithinOneYear 2021-03-31 07071162 uk-core:WithinOneYear 2022-03-31 07071162 uk-core:AfterOneYear 2021-03-31 07071162 uk-core:AfterOneYear 2022-03-31 07071162 uk-core:ShareCapital 2022-03-31 07071162 uk-core:ShareCapital 2021-03-31 07071162 uk-core:RetainedEarningsAccumulatedLosses 2022-03-31 07071162 uk-core:RetainedEarningsAccumulatedLosses 2021-03-31 07071162 uk-bus:Director1 2021-04-01 2022-03-31 07071162 uk-core:PlantMachinery 2021-04-01 2022-03-31 07071162 uk-core:ComputerEquipment 2021-04-01 2022-03-31 07071162 uk-core:FurnitureFittings 2021-04-01 2022-03-31 07071162 uk-core:Goodwill 2021-03-31 07071162 uk-core:Goodwill 2022-03-31 07071162 uk-core:ComputerEquipment 2021-03-31 07071162 uk-core:FurnitureFittings 2021-03-31 07071162 uk-core:PlantMachinery 2021-03-31 07071162 uk-core:PlantMachinery 2022-03-31 07071162 uk-core:FurnitureFittings 2022-03-31 07071162 uk-core:ComputerEquipment 2022-03-31 07071162 uk-core:AfterOneYear uk-core:Secured 2022-03-31 07071162 uk-core:AfterOneYear uk-core:Secured 2021-03-31 07071162 2 uk-bus:Director1 2021-04-01 2022-03-31 07071162 2 uk-bus:Director1 2022-03-31 07071162 2 uk-bus:Director1 2021-03-31 iso4217:GBP xbrli:pure 07071162 uk-bus:AuditExemptWithAccountantsReport 2021-04-01 2022-03-31 07071162 uk-bus:FRS102 2021-04-01 2022-03-31 07071162 uk-bus:FullAccounts 2021-04-01 2022-03-31 07071162 uk-bus:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31
Time Financial Management Ltd
Registered Number:07071162
For the year ended 31 March 2022
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2022
Time Financial Management Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
07071162
As at 31 March 2022
Time Financial Management Ltd
Statement of Financial Position
£
£
2021
2022
Notes
Fixed assets
Intangible assets
57,500
57,500
2
Property, plant and equipment
6,634
5,848
3
64,134
63,348
Current assets
Trade and other receivables
16,475
3,789
4
128,926
Cash and cash equivalents
131,098
134,887
145,401
Trade and other payables: amounts falling due within one year
(26,417)
(22,299)
5
118,984
112,588
Net current assets
Total assets less current liabilities
176,722
182,332
Trade and other payables: amounts falling due after more than one
year
(49,000)
(41,253)
6
(1,188)
(456)
Provisions for liabilities
134,281
Net assets
132,876
Capital and reserves
Called up share capital
2
2
Retained earnings
134,279
132,874
134,281
132,876
Shareholders' funds
For the year ended 31 March 2022 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
1 of 5
4
Registered Number :
07071162
For the year ended 31 March 2022
Time Financial Management Ltd
Statement of Financial Position Continued
Mr Richard Curran Director
These financial statements were approved and authorised for issue by the Board on 10 May 2022 and were signed by:
The notes form part of these financial statements
2 of 5
5
For the year ended 31 March 2022
Time Financial Management Ltd
Notes to the Financial Statements
Statutory Information
Time Financial Management Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 07071162.
Registered address:
Moorgate Crofts
Alma Road
Rotherham
S60 2EN
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard
102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The
financial statements have been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
20% Reducing balance
20% Reducing balance
Computer equipment
20% Reducing balance
Fixtures and fittings
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 April 2021
57,500
At 31 March 2022
57,500
Net book value
At 31 March 2022
57,500
At 31 March 2021
57,500
3 of 5
6
For the year ended 31 March 2022
Time Financial Management Ltd
Notes to the Financial Statements Continued
3. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Plant and
machinery
£
£
£
£
Cost or valuation
At 01 April 2021
9,840
1,818
2,272
5,750
2,445
2,445
-
-
Additions
At 31 March 2022
5,750
2,272
4,263
12,285
Provision for depreciation and impairment
At 01 April 2021
3,992
918
1,924
1,150
Charge for year
1,659
669
70
920
At 31 March 2022
5,651
1,587
1,994
2,070
At 31 March 2022
Net book value
3,680
278
2,676
6,634
At 31 March 2021
4,600
348
900
5,848
4. Trade and other receivables
2021
2022
£
£
Trade debtors
-
3,153
Other debtors
3,789
13,322
16,475
3,789
5. Trade and other payables: amounts falling due within one year
2021
2022
£
£
Trade creditors
853
1,422
Taxation and social security
19,534
23,597
Other creditors
1,912
1,398
22,299
26,417
6. Trade and other payables: amounts falling due after more than one year
2021
2022
£
£
Bank loans and overdraft
41,253
49,000
4 of 5
7
For the year ended 31 March 2022
Time Financial Management Ltd
Notes to the Financial Statements Continued
7. Directors advances and guarantees
At 01/04/2021
Repaid
At 31/03/2022
£
£
£
Mr Richard Curran
Overdrawn Loan
-
9,702
9,702
-
9,702
9,702
8. Average number of persons employed
During the year the average number of employees was 3 (2021 : 3)
5 of 5