REGISTERED NUMBER: 04656387 (England and Wales)

Abbreviated Accounts for the Year Ended 31 July 2016

for

About Time Enterprises Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Miss N Jones

REGISTERED OFFICE:

Belfry House

Bell Lane

Hertford

Hertfordshire

SG14 1BP

REGISTERED NUMBER:

04656387 (England and Wales)

ACCOUNTANTS:

Philip T. Chave & Co

Belfry House

Bell Lane

Hertford

Hertfordshire

SG14 1BP

FIXED ASSETS

Tangible assets

2

1,378

1,713

CURRENT ASSETS

Debtors

26,387

34,614

Cash at bank

43,051

66,176

69,438

100,790

CREDITORS

Amounts falling due within one year

49,636

81,408

NET CURRENT ASSETS

19,802

19,382

TOTAL ASSETS LESS CURRENT LIABILITIES

21,180

21,095

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

21,080

20,995

SHAREHOLDERS' FUNDS

21,180

21,095

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 26 April 2017 and were signed by:

Miss N Jones - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

20% on reducing balance

Deferred tax

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

balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

and 31 July 2016

6,374

DEPRECIATION

At 1 August 2015

4,661

Charge for year

335

At 31 July 2016

4,996

NET BOOK VALUE

At 31 July 2016

1,378

At 31 July 2015

1,713

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.16

31.7.15

value:

£

£

100

Ordinary

£1

100

100

4.	RELATED PARTY DISCLOSURES

The director Miss N Jones is a related party to the company. The company distributed dividends of £20,000

(2015: £30,000) to her for the year ended 31 July 2016. The balance due to Miss N Jones as at 31 July 2016 was

£35,209 (2015: £59,178).

5.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Miss N Jones.