Acorah Software Products - Accounts Production 15.0.500 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 09057613 Mrs Deborah Warren Mr Timothy Warren iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09057613 2023-05-31 09057613 2024-05-31 09057613 2023-06-01 2024-05-31 09057613 frs-core:CurrentFinancialInstruments 2024-05-31 09057613 frs-core:MotorVehicles 2024-05-31 09057613 frs-core:MotorVehicles 2023-06-01 2024-05-31 09057613 frs-core:MotorVehicles 2023-05-31 09057613 frs-core:ShareCapital 2024-05-31 09057613 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 09057613 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 09057613 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 09057613 frs-bus:SmallEntities 2023-06-01 2024-05-31 09057613 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 09057613 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 09057613 frs-bus:Director1 2023-06-01 2024-05-31 09057613 frs-bus:Director1 2023-05-31 09057613 frs-bus:Director1 2024-05-31 09057613 frs-bus:Director2 2023-06-01 2024-05-31 09057613 frs-countries:EnglandWales 2023-06-01 2024-05-31 09057613 2022-05-31 09057613 2023-05-31 09057613 2022-06-01 2023-05-31 09057613 frs-core:CurrentFinancialInstruments 2023-05-31 09057613 frs-core:ShareCapital 2023-05-31 09057613 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 09057613
Tim Warren Setbuilding Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Forest Edge Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09057613
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 13,870 18,494
13,870 18,494
CURRENT ASSETS
Debtors 5 47,903 64,897
Cash at bank and in hand 138,664 96,093
186,567 160,990
Creditors: Amounts Falling Due Within One Year 6 (63,660 ) (35,952 )
NET CURRENT ASSETS (LIABILITIES) 122,907 125,038
TOTAL ASSETS LESS CURRENT LIABILITIES 136,777 143,532
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,988 ) (3,144 )
NET ASSETS 134,789 140,388
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 134,689 140,288
SHAREHOLDERS' FUNDS 134,789 140,388
Page 1
Page 2
For the year ending 31 May 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
Mrs Deborah Warren
Director
06/08/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Tim Warren Setbuilding Limited Registered number 09057613 is a limited by shares company incorporated in England & Wales. The Registered Office is 33 Broomhill Road, Woodford Green, Essex, IG8 9HD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Motor Vehicles 25% reducing balance
2.4. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.5. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Motor Vehicles
£
Cost
As at 1 June 2023 36,934
As at 31 May 2024 36,934
Depreciation
As at 1 June 2023 18,440
Provided during the period 4,624
As at 31 May 2024 23,064
Net Book Value
As at 31 May 2024 13,870
As at 1 June 2023 18,494
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 47,903 64,897
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,871 1,841
Corporation tax 21,182 15,053
VAT 27,030 18,121
Directors' loan accounts 13,577 937
63,660 35,952
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Directors Advances, Credits and Guarantees
Creditors falling due within one year include unsecured loans of £13,577 from one of the directors.
The loan is interest free and repayable on demand.
As at 1 June 2023 Amounts advanced Amounts repaid Amounts written off As at 31 May 2024
£ £ £ £ £
Mrs Deborah Warren 937 12,640 - - 13,577
Page 4