Timewise Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 01904895 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

Timewise Limited

Page

Company information

1

Abbreviated balance sheet

2

Notes to the abbreviated accounts

3

Director:

D.S. George

Registered office:

6 The Roughs

Northwood

Middlesex

HA6 3DF

Registered number:

01904895 (England and Wales)

Accountants:

Timewise Limited t/a George & Co.

Chartered Accountants

6 The Roughs

Northwood

Middlesex

HA6 3DF

Fixed assets

Tangible assets

2

2,908

2,363

Current assets

Debtors

198,925

149,048

Cash at bank and in hand

29,637

50,263

228,562

199,311

Creditors

Amounts falling due within one year

32,658

34,613

Net current assets

195,904

164,698

Total assets less current liabilities

198,812

167,061

Capital and reserves

Called up share capital

3

100

100

Profit and loss account

198,712

166,961

Shareholders' funds

198,812

167,061

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 30 December 2016 and were signed by:

D.S. George - 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 January 2015).

Turnover

Turnover represents net invoiced sales of goods, 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

-

15% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed

at the balance sheet date.

2.	Tangible fixed assets

Total

£

Cost

At 1 April 2015

3,836

Additions

1,058

At 31 March 2016

4,894

Depreciation

At 1 April 2015

1,473

Charge for year

513

At 31 March 2016

1,986

Net book value

At 31 March 2016

2,908

At 31 March 2015

2,363

3.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

£

100

Ordinary

£1

100

100