Acorah Software Products - Accounts Production 15.0.500 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 04408045 Mr John Lloyd Mrs Rowan Lloyd Mrs Rowan Lloyd iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04408045 2023-04-30 04408045 2024-04-30 04408045 2023-05-01 2024-04-30 04408045 frs-core:CurrentFinancialInstruments 2024-04-30 04408045 frs-core:Non-currentFinancialInstruments 2024-04-30 04408045 frs-core:BetweenOneFiveYears 2024-04-30 04408045 frs-core:ComputerEquipment 2024-04-30 04408045 frs-core:ComputerEquipment 2023-05-01 2024-04-30 04408045 frs-core:ComputerEquipment 2023-04-30 04408045 frs-core:FurnitureFittings 2024-04-30 04408045 frs-core:FurnitureFittings 2023-05-01 2024-04-30 04408045 frs-core:FurnitureFittings 2023-04-30 04408045 frs-core:MotorVehicles 2024-04-30 04408045 frs-core:MotorVehicles 2023-05-01 2024-04-30 04408045 frs-core:MotorVehicles 2023-04-30 04408045 frs-core:PlantMachinery 2024-04-30 04408045 frs-core:PlantMachinery 2023-05-01 2024-04-30 04408045 frs-core:PlantMachinery 2023-04-30 04408045 frs-core:WithinOneYear 2024-04-30 04408045 frs-core:ShareCapital 2024-04-30 04408045 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 04408045 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 04408045 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 04408045 frs-bus:SmallEntities 2023-05-01 2024-04-30 04408045 frs-bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 04408045 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 04408045 frs-bus:Director1 2023-05-01 2024-04-30 04408045 frs-bus:Director2 2023-05-01 2024-04-30 04408045 frs-bus:CompanySecretary1 2023-05-01 2024-04-30 04408045 frs-countries:EnglandWales 2023-05-01 2024-04-30 04408045 2022-04-30 04408045 2023-04-30 04408045 2022-05-01 2023-04-30 04408045 frs-core:CurrentFinancialInstruments 2023-04-30 04408045 frs-core:Non-currentFinancialInstruments 2023-04-30 04408045 frs-core:BetweenOneFiveYears 2023-04-30 04408045 frs-core:WithinOneYear 2023-04-30 04408045 frs-core:ShareCapital 2023-04-30 04408045 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 04408045
Between Time Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
AVL Accounting Services Limited
1st & 2nd Floor, 2 West St
Ware
Hertfordshire
SG12 9EE
Contents
Page
Accountants' Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountants' Report
In accordance with the engagement letter dated 08 March 2022, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.
This report is made to the directors in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors for our work or for this report.
You have acknowledged on the balance sheet as at year ended 30 April 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
28/06/2024
AVL Accounting Services Limited
1st & 2nd Floor, 2 West St
Ware
Hertfordshire
SG12 9EE
Page 1
Page 2
Balance Sheet
Registered number: 04408045
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 30,434 18,819
30,434 18,819
CURRENT ASSETS
Stocks 5 72,184 84,300
Debtors 6 76,111 85,557
Cash at bank and in hand 140,914 174,087
289,209 343,944
Creditors: Amounts Falling Due Within One Year 7 (142,207 ) (159,342 )
NET CURRENT ASSETS (LIABILITIES) 147,002 184,602
TOTAL ASSETS LESS CURRENT LIABILITIES 177,436 203,421
Creditors: Amounts Falling Due After More Than One Year 8 (18,907 ) (32,076 )
NET ASSETS 158,529 171,345
CAPITAL AND RESERVES
Called up share capital 10 100,100 100,100
Profit and Loss Account 58,429 71,245
SHAREHOLDERS' FUNDS 158,529 171,345
Page 2
Page 3
For the year ending 30 April 2024 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr John Lloyd
Director
Mrs Rowan Lloyd
Director
31/07/2024
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Between Time Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04408045 . The registered office is Ambler View Marsh Lane, Stanstead Abbotts, Ware, Hertfordshire, SG12 8HH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% straight line
Motor Vehicles 25% straight line
Fixtures & Fittings 25% straight line
Computer Equipment 25% straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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2.7. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2023: 16)
13 16
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 May 2023 78,152 148,548 60,035 13,184 299,919
Additions - 19,150 - 5,996 25,146
Disposals - (24,505 ) - - (24,505 )
As at 30 April 2024 78,152 143,193 60,035 19,180 300,560
Depreciation
As at 1 May 2023 77,217 131,915 59,549 12,419 281,100
Provided during the period 519 11,025 182 1,805 13,531
Disposals - (24,505 ) - - (24,505 )
As at 30 April 2024 77,736 118,435 59,731 14,224 270,126
Net Book Value
As at 30 April 2024 416 24,758 304 4,956 30,434
As at 1 May 2023 935 16,633 486 765 18,819
5. Stocks
2024 2023
£ £
Finished goods 55,805 58,891
Work in progress 16,379 25,409
72,184 84,300
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 49,094 17,866
Prepayments and accrued income 27,017 28,686
Deferred tax current asset - 39,005
76,111 85,557
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 4,047 -
Trade creditors 42,682 42,863
Bank loans and overdrafts 10,500 12,000
Other taxes and social security 6,462 11,156
VAT 33,300 25,435
Net wages 19,782 24,323
Other creditors 1,683 10,037
Accruals and deferred income 11,751 9,528
Directors' loan accounts 12,000 24,000
142,207 159,342
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 6,407 -
Bank loans 12,500 23,076
Directors loan account - 9,000
18,907 32,076
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 4,047 -
Later than one year and not later than five years 6,407 -
10,454 -
10,454 -
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100,100 100,100
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