Timeley Intervention Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC278168 (Scotland)

Financial Statements for the Year Ended 31 December 2019

for

Timeley Intervention Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

T M Eley

Mrs A L Duffy

REGISTERED OFFICE:

7 Ythan Terrace

Ellon

Aberdeenshire

AB41 9LJ

REGISTERED NUMBER:

SC278168 (Scotland)

ACCOUNTANTS:

J M Taylor

7 Ythan Terrace

Ellon

Aberdeenshire

AB41 9LJ

CURRENT ASSETS

Debtors

4

1,364

2,464

Cash at bank

67,386

89,537

68,750

92,001

CREDITORS

Amounts falling due within one year

5

3,677

4,513

NET CURRENT ASSETS

65,073

87,488

TOTAL ASSETS LESS CURRENT LIABILITIES

65,073

87,488

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

65,072

87,487

SHAREHOLDERS' FUNDS

65,073

87,488

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 11 March 2020 and were signed on its behalf by:

T M Eley - Director

1.	STATUTORY INFORMATION

Timeley Intervention Limited is a private company, limited by shares , registered in Scotland. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Trade debtors

1,364

2,464

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Bank loans and overdrafts

999

1,856

Taxation and social security

130

95

Other creditors

2,548

2,562

3,677

4,513

6.	RELATED PARTY DISCLOSURES

During the year the director Mr Tim Eley advanced the company net amounts totalling £329.

This amount remained outstanding at 31/12/2019 and is included within Other creditors in the notes to the

accounts.

7.	ULTIMATE CONTROLLING PARTY

During the year the company was controlled by the director Mr Tim Eley by virtue of his 100% holding in the

ordinary share capital of the company.