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 2014

TIME FINANCIAL MANAGEMENT LTD Registered Number 07071162

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014 2013
£ £
Fixed assets
Intangible assets 2 57,500 57,500
Tangible assets 3 923 1,110
58,423 58,610
Current assets
Cash at bank and in hand 32,131 34,783
32,131 34,783
Creditors: amounts falling due within one year (34,686) (38,683)
Net current assets (liabilities) (2,555) (3,900)
Total assets less current liabilities 55,868 54,710
Creditors: amounts falling due after more than one year (2,750) (6,417)
Total net assets (liabilities) 53,118 48,293
Capital and reserves
Called up share capital 2 2
Profit and loss account 53,116 48,291
Shareholders' funds 53,118 48,293
  • 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 7 May 2014

And signed on their behalf by:
Richard curran, Director

TIME FINANCIAL MANAGEMENT LTD Registered Number 07071162

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
Turnover comprises the invoiced value of goods and services net of value added tax.

Tangible assets depreciation policy
Fixtures and fittings - 20% reducing balance

Intangible assets amortisation policy
Goodwill is valued on commission due on annual renewals. It is not considered that the value of renewals will depreciate and therefore there is no amortisation charge.

2Intangible fixed assets
£
Cost
At 1 April 2013 57,500
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2014 57,500
Amortisation
At 1 April 2013 -
Charge for the year -
On disposals -
At 31 March 2014 -
Net book values
At 31 March 2014 57,500
At 31 March 2013 57,500
3Tangible fixed assets
£
Cost
At 1 April 2013 2,047
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2014 2,047
Depreciation
At 1 April 2013 937
Charge for the year 187
On disposals -
At 31 March 2014 1,124
Net book values
At 31 March 2014 923
At 31 March 2013 1,110