Acorah Software Products - Accounts Production 14.6.300 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 11847817 Mr Lukas Lidakevicius iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11847817 2023-02-28 11847817 2024-02-29 11847817 2023-03-01 2024-02-29 11847817 frs-core:CurrentFinancialInstruments 2024-02-29 11847817 frs-core:Non-currentFinancialInstruments 2024-02-29 11847817 frs-core:BetweenOneFiveYears 2024-02-29 11847817 frs-core:ComputerEquipment 2024-02-29 11847817 frs-core:ComputerEquipment 2023-03-01 2024-02-29 11847817 frs-core:ComputerEquipment 2023-02-28 11847817 frs-core:MotorVehicles 2024-02-29 11847817 frs-core:MotorVehicles 2023-03-01 2024-02-29 11847817 frs-core:MotorVehicles 2023-02-28 11847817 frs-core:PlantMachinery 2024-02-29 11847817 frs-core:PlantMachinery 2023-03-01 2024-02-29 11847817 frs-core:PlantMachinery 2023-02-28 11847817 frs-core:SharePremium 2024-02-29 11847817 frs-core:ShareCapital 2024-02-29 11847817 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 11847817 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 11847817 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 11847817 frs-bus:SmallEntities 2023-03-01 2024-02-29 11847817 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 11847817 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 11847817 frs-bus:Director1 2023-03-01 2024-02-29 11847817 frs-countries:EnglandWales 2023-03-01 2024-02-29 11847817 2022-02-28 11847817 2023-02-28 11847817 2022-03-01 2023-02-28 11847817 frs-core:CurrentFinancialInstruments 2023-02-28 11847817 frs-core:Non-currentFinancialInstruments 2023-02-28 11847817 frs-core:BetweenOneFiveYears 2023-02-28 11847817 frs-core:SharePremium 2023-02-28 11847817 frs-core:ShareCapital 2023-02-28 11847817 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 11847817
Timeless Windows Ltd
Unaudited Financial Statements
For The Year Ended 29 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11847817
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 88,085 5,739
88,085 5,739
CURRENT ASSETS
Stocks 5 18,939 93,670
Debtors 6 398,597 179,328
Cash at bank and in hand 175,470 68,954
593,006 341,952
Creditors: Amounts Falling Due Within One Year 7 (208,845 ) (138,857 )
NET CURRENT ASSETS (LIABILITIES) 384,161 203,095
TOTAL ASSETS LESS CURRENT LIABILITIES 472,246 208,834
Creditors: Amounts Falling Due After More Than One Year 8 (120,451 ) (3,756 )
NET ASSETS 351,795 205,078
CAPITAL AND RESERVES
Called up share capital 10 101 101
Share premium account 99,975 99,975
Profit and Loss Account 251,719 105,002
SHAREHOLDERS' FUNDS 351,795 205,078
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For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Lukas Lidakevicius
Director
09/08/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Timeless Windows Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11847817 . The registered office is 2 New King's Road, Fulham, London, SW6 4SA.
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.
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% WDV
Motor Vehicles 25% WDV
Computer Equipment 25% WDV
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. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.7. 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 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.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 March 2023 6,450 - 2,202 8,652
Additions - 110,123 1,583 111,706
As at 29 February 2024 6,450 110,123 3,785 120,358
Depreciation
As at 1 March 2023 1,613 - 1,300 2,913
Provided during the period 1,209 27,530 621 29,360
As at 29 February 2024 2,822 27,530 1,921 32,273
Net Book Value
As at 29 February 2024 3,628 82,593 1,864 88,085
As at 1 March 2023 4,837 - 902 5,739
5. Stocks
2024 2023
£ £
Materials 18,939 93,670
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 369,928 128,456
Other debtors 28,669 50,872
398,597 179,328
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 76,851 514
Bank loans and overdrafts 305 507
Amounts owed to participating interests 64,999 64,999
Other creditors 11,569 31,466
Taxation and social security 55,121 41,371
208,845 138,857
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 120,451 3,756
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 120,451 3,756
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 101 101
11. Related Party Transactions
Included in the Other Creditors is an amount owed to the company director Mr L Lidakevicius totalling £4,554 (2023 - £966), no interest is to be charged.
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