Abbreviated Company Accounts - TIMEFORE LIMITED

01869869 TIMEFORE LIMITED 2014-03-31 false 2013-04-01 2014-03-31 true 01869869 2013-04-01 2014-03-31 01869869 2014-03-31 01869869 2013-03-31 01869869 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 01869869 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 iso4217:GBP shares

Registered Number 01869869

TIMEFORE LIMITED

Abbreviated Accounts

31 March 2014

TIMEFORE LIMITED Registered Number 01869869

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	40,290	39,182
Investments	3	150	-
		40,440	39,182
Current assets
Stocks		112,151	110,990
Debtors		578,816	356,511
Cash at bank and in hand		589,006	580,071
		1,279,973	1,047,572
Creditors: amounts falling due within one year		(422,463)	(348,265)
Net current assets (liabilities)		857,510	699,307
Total assets less current liabilities		897,950	738,489
Total net assets (liabilities)		897,950	738,489
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		897,850	738,389
Shareholders' funds		897,950	738,489

For the year ending 31 March 2014 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 22 December 2014

And signed on their behalf by:
N Hinchliffe, Director

TIMEFORE LIMITED Registered Number 01869869

Notes to the Abbreviated Accounts for the period ended 31 March 2014

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
The Turnover shown in the profit and loss account represents goods sold during the year, exclusive of Value added Tax.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of the asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant and machinery – 20% per annum on net book value
Fixtures and fittings - 20% per annum on net book value
Equipment - 20%/33% per annum on net book value

Other accounting policies
Stock: Stock is valued at the lower of cost and net realizable value, after making due allowance for obsolete and slow moving stock.
Pension: The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.

2Tangible fixed assets

	£
Cost
At 1 April 2013	122,010
Additions	12,145
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	134,155
Depreciation
At 1 April 2013	82,828
Charge for the year	11,037
On disposals	-
At 31 March 2014	93,865
Net book values
At 31 March 2014	40,290
At 31 March 2013	39,182

3Fixed assets Investments
The company acquired a 75% holding in Technical Rubber Solutions Limited, a company incorporated in England and Wales on 1 April 2013.

The deficit on capital and reserves of Technical Rubber Solutions Limited at 31 December 2013 amounted to £147,032 and the loss for the year ended 31 December 2013 was £80,316.

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100