Timeley Intervention Limited - Accounts to registrar - small 16.3d

REGISTERED NUMBER: SC278168 (Scotland)

Financial Statements for the Year Ended 31 December 2016

for

Timeley Intervention Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

T M Eley

Mrs J M Eley

SECRETARY:

Mrs J M Eley

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

10,859

9,946

Cash at bank

91,462

114,217

102,321

124,163

CREDITORS

Amounts falling due within one year

5

11,641

20,645

NET CURRENT ASSETS

90,680

103,518

TOTAL ASSETS LESS CURRENT LIABILITIES

90,680

103,518

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

90,679

103,517

SHAREHOLDERS' FUNDS

90,680

103,518

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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 of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the Board of Directors on 16 March 2017 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 the provisions of Section 1A "Small Entities" 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 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 2 .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade debtors

10,403

8,881

Other debtors

456

1,065

10,859

9,946

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Bank loans and overdrafts

1,246

2,004

Taxation and social security

6,529

15,847

Other creditors

3,866

2,794

11,641

20,645

6.	RELATED PARTY DISCLOSURES

During the year the director Mr Tim Eley advanced the company net amounts totalling £75. This amount

remained outstanding at 31/12/2016 and is included within Other creditors in the notes to the accounts.

During the year the directors received net dividends, detailed below, from the company.

Mr T Eley

- £26,000

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.