Company Overview
Time + Space Distribution Limited is listed at the official companies registry as in Liquidation Private Limited Company. The company was incorporated on Thursday 30 January 1997, so this is a well established company. Time + Space Distribution Limited has been in business for 29 years and 2 months. The accounts status is total exemption full and the accounts are next due on Monday 31 October 2022.
Registered Address

Xeinadin Corporate Recoery Ltd, 100 Barbirolli Square, Manchester, M2 3BD
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Companies House Data
Company NameTIME + SPACE DISTRIBUTION LIMITED
Company Number03312649
Registered Office AddressXeinadin Corporate Recoery Ltd
 100 Barbirolli Square
 M2 3BD
Company CategoryPrivate Limited Company
Company StatusLiquidation
Country of OriginUnited Kingdom
Incorporation Date30/01/1997
Accounting Reference Date Day31
Accounting Reference Date Month1
Accounts Next Due Date31/10/2022
Accounts Last Made Up Date31/01/2021
Accounts Account CategoryTOTAL EXEMPTION FULL
Returns Next Due Date27/02/2017
Returns Last Made Up Date30/01/2016
Directors & Members
Show Resigned
Alex McKie - Director
(British, 59 years old, born September 1967)
Appointed 01 February 1997
 Active
Zia McKie - Director
(British, 78 years old, born October 1948)
Appointed 01 February 1997
 Active
Secretaries
Show Resigned
Other Company Directorships
Alex McKie
No companies found
Zia McKie
No companies found
Balance Sheet Unlock full report
Accounts Date 31-Jan-2021 31-Jan-2020 31-Jan-2019
Balance Sheet
Fixed Assets 102,496 158,726 171,387
Current Assets 238,484 192,228 219,721
Creditors Due Within One Year 783,902 836,580 653,478
Working Cap -545,418 -644,352 -433,757
Total Assets Less Current Liabilities -442,922 -485,626 -262,370
Long-term Liabilities 123,077 141,628 188,234
Net Assets -565,999 -627,254 -450,604
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds -565,999 -627,254 -450,604
Common Size Financial Analysis Unlock full report
Accounts Date 31-Jan-2021 31-Jan-2020 31-Jan-2019
Tangible Fixed Assets - - -
Fixed Assets 30.1% 45.2% 43.8%
Stocks Inventory - - -
Debtors 59.2% 46.7% 41.1%
Cash Bank In Hand 1.4% 2.3% 1.2%
Current Assets 69.9% 54.8% 56.2%
Creditors Due Within One Year 229.9% 238.4% 167.1%
Net Current Assets Liabilities -160.0% -183.6% -110.9%
Creditors Due After One Year - - -
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability - - -
Called Up Share Capital - - -
Share Capital Allotted Called Up Paid - - -
Profit Loss Account Reserve - - -
Shareholder Funds -166.0% -178.7% -115.2%
Capital Employed - - -
Total Assets Less Current Liabilities -129.9% -138.4% -67.1%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Jan-2021 31-Jan-2020 31-Jan-2019
Liquidity Ratio 0.3 0.2 0.3
Solvency Ratio 0.4 0.4 0.5
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 4
Mortgages Outstanding 2
Mortgages Part Satisfied 0
Mortgages Satisfied 2
Assets and Debt Analysis Unlock full report
Accounts Date 31-Jan-2021 31-Jan-2020 31-Jan-2019
Assets 340,980 350,954 391,108
Debt 906,979 978,208 841,712
Net Assets/Debt -565,999 -627,254 -450,604
Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet net assets figure is negative. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date. Information provided by Companies House shows Liquidation.

Unlock full report  Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet net assets figure is negative. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date. Information provided by Companies House shows Liquidation.  Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet net assets figure is negative. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date. Information provided by Companies House shows Liquidation.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due		 Paid After
30 days due		 Owing Before
30 days due		 Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.
Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
Other Business around M2 3BD
No other companies found in the same location
Document Filings
Liquidators' statement of receipts and payments to 2 March 2026
Liquidators' statement of receipts and payments to 2 March 2025
Liquidators' statement of receipts and payments to 2 March 2024
Registered office address changed from C/O Kay Johnson Gee Corporate Recovery 1 City Road East Manchester M15 4PN to Xeinadin Corporate Recoery Ltd 100 Barbirolli Square Manchester M2 3BD on 10 July 2023
Liquidators' statement of receipts and payments to 2 March 2023
Registered office address changed from Unit 7 Okehampton Business Centre Higher Stockley Mead Okehampton Devon EX20 1FJ United Kingdom to C/O Kay Johnson Gee Corporate Recovery 1 City Road East Manchester M15 4PN on 14 March 2022
Statement of affairs
Appointment of a voluntary liquidator
Resolutions
Confirmation statement made on 30 January 2022 with updates
Confirmation statement made on 30 January 2021 with updates
Change of details for Zerotime Audio Limited as a person with significant control on 8 June 2020
Director's details changed for Mr Alex John Mckie on 8 June 2020
Director's details changed for Ms Zia Margot Ruth Mckie on 8 June 2020
Registered office address changed from Unit 7a Cranmere Road Exeter Road Industrial Estate Okehampton Devon EX20 1UE to Unit 7 Okehampton Business Centre Higher Stockley Mead Okehampton Devon EX20 1FJ on 4 June 2020
Confirmation statement made on 30 January 2020 with updates
Confirmation statement made on 30 January 2019 with updates
Confirmation statement made on 30 January 2018 with updates
Director's details changed for Zia Margot Ruth Mckie on 1 January 2018
Director's details changed for Alexis John Mckie on 1 January 2018
Cessation of Alexis John Mckie as a person with significant control on 1 May 2017
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