Time Financial Management Ltd,Ltd - AccountsLtd - Accounts

Time Financial Management Ltd,Ltd - AccountsLtd - Accounts

TIME FINANCIAL MANAGEMENT LTD - Company Information

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2016-04-01 07071162 2017-03-31 07071162 2016-04-01 2017-03-31 07071162 2016-03-31 07071162 2015-04-01 2016-03-31 07071162 uk-core:WithinOneYear 2016-03-31 07071162 uk-core:WithinOneYear 2017-03-31 07071162 uk-core:ShareCapital 2017-03-31 07071162 uk-core:ShareCapital 2016-03-31 07071162 uk-core:RetainedEarningsAccumulatedLosses 2017-03-31 07071162 uk-core:RetainedEarningsAccumulatedLosses 2016-03-31 07071162 uk-bus:Director1 2016-04-01 2017-03-31 07071162 uk-core:ComputerEquipment 2016-04-01 2017-03-31 07071162 uk-core:FurnitureFittings 2016-04-01 2017-03-31 07071162 uk-core:Goodwill 2016-03-31 07071162 uk-core:Goodwill 2017-03-31 07071162 uk-core:ComputerEquipment 2016-03-31 07071162 uk-core:FurnitureFittings 2016-03-31 07071162 uk-core:FurnitureFittings 2017-03-31 07071162 uk-core:ComputerEquipment 2017-03-31 iso4217:GBP 07071162 uk-bus:AuditExemptWithAccountantsReport 2016-04-01 2017-03-31 07071162 uk-bus:FRS102 2016-04-01 2017-03-31 07071162 uk-bus:FullAccounts 2016-04-01 2017-03-31 07071162 uk-bus:PrivateLimitedCompanyLtd 2016-04-01 2017-03-31
Time Financial Management Ltd
Registered Number:07071162
For the year ended 31 March 2017
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2017
Time Financial Management Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 31 March 2017
Time Financial Management Ltd
Statement of Financial Position
Registered Number :
07071162
£
£
2016
2017
Notes
Fixed assets
Intangible assets
57,500
57,500
2
Property, plant and equipment
867
591
3
58,367
58,091
Current assets
Trade and other receivables
105
-
37,920
Cash and cash equivalents
40,345
40,345
38,025
Trade and other payables: amounts falling due within one year
(34,312)
(28,567)
4
3,713
11,778
Net current assets
Total assets less current liabilities
70,145
61,804
(173)
(118)
Provisions for liabilities
69,972
Net assets
61,686
Capital and reserves
Called up share capital
2
2
Retained earnings
69,970
61,684
69,972
61,686
Shareholders' funds
For the year ended 31 March 2017 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 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.
Mr Richard Curran Director
These financial statements were approved and authorised for issue by the Board on 09 May 2017 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 March 2017
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:
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 2016
57,500
At 31 March 2017
57,500
Net book value
At 31 March 2017
57,500
At 31 March 2016
57,500
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5
For the year ended 31 March 2017
Time Financial Management Ltd
Notes to the Financial Statements Continued
3. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
£
£
£
Cost or valuation
At 01 April 2016
2,047
-
2,047
493
493
-
Additions
At 31 March 2017
2,047
493
2,540
Provision for depreciation and impairment
At 01 April 2016
1,456
-
1,456
Charge for year
217
99
118
At 31 March 2017
1,673
99
1,574
At 31 March 2017
Net book value
473
394
867
At 31 March 2016
591
-
591
4. Trade and other payables: amounts falling due within one year
2016
2017
£
£
Trade creditors
10,975
18,292
Taxation and social security
16,343
14,838
Other creditors
1,249
1,182
28,567
34,312
5. Related party transactions
The company is controlled by Mr R Curran the sole director and A Ordinary Share holder.
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