Abbreviated Company Accounts - TIME FINANCIAL MANAGEMENT LTD

Abbreviated Company Accounts - TIME FINANCIAL MANAGEMENT LTD

TIME FINANCIAL MANAGEMENT LTD - Company Information

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Registered Number 07071162

TIME FINANCIAL MANAGEMENT LTD

Abbreviated Accounts

31 March 2015

TIME FINANCIAL MANAGEMENT LTD Registered Number 07071162

Abbreviated Balance Sheet as at 31 March 2015

Notes 2015 2014
£ £
Fixed assets
Intangible assets 2 57,500 57,500
Tangible assets 3 738 923
58,238 58,423
Current assets
Debtors 1,185 -
Cash at bank and in hand 37,813 32,131
38,998 32,131
Creditors: amounts falling due within one year (36,475) (34,686)
Net current assets (liabilities) 2,523 (2,555)
Total assets less current liabilities 60,761 55,868
Creditors: amounts falling due after more than one year - (2,750)
Provisions for liabilities (185) -
Total net assets (liabilities) 60,576 53,118
Capital and reserves
Called up share capital 2 2
Profit and loss account 60,574 53,116
Shareholders' funds 60,576 53,118
  • For the year ending 31 March 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 13 May 2015

And signed on their behalf by:
R Curran, Director

TIME FINANCIAL MANAGEMENT LTD Registered Number 07071162

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and sales discounts.

2Intangible fixed assets
£
Cost
At 1 April 2014 57,500
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2015 57,500
Amortisation
At 1 April 2014 -
Charge for the year -
On disposals -
At 31 March 2015 -
Net book values
At 31 March 2015 57,500
At 31 March 2014 57,500
3Tangible fixed assets
£
Cost
At 1 April 2014 2,047
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2015 2,047
Depreciation
At 1 April 2014 1,124
Charge for the year 185
On disposals -
At 31 March 2015 1,309
Net book values
At 31 March 2015 738
At 31 March 2014 923