Acorah Software Products - Accounts Production 15.0.600 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 04325626 Mr Frederick Rayner Mrs Ruth Rayner Mr Samuel Stawarz Mr Frederick Rayner iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04325626 2022-11-30 04325626 2023-11-30 04325626 2022-12-01 2023-11-30 04325626 frs-core:CurrentFinancialInstruments 2023-11-30 04325626 frs-core:Non-currentFinancialInstruments 2023-11-30 04325626 frs-core:ComputerEquipment 2023-11-30 04325626 frs-core:ComputerEquipment 2022-12-01 2023-11-30 04325626 frs-core:ComputerEquipment 2022-11-30 04325626 frs-core:FurnitureFittings 2023-11-30 04325626 frs-core:FurnitureFittings 2022-12-01 2023-11-30 04325626 frs-core:FurnitureFittings 2022-11-30 04325626 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-30 04325626 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 04325626 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-11-30 04325626 frs-core:PlantMachinery 2023-11-30 04325626 frs-core:PlantMachinery 2022-12-01 2023-11-30 04325626 frs-core:PlantMachinery 2022-11-30 04325626 frs-core:ShareCapital 2023-11-30 04325626 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 04325626 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 04325626 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 04325626 frs-bus:SmallEntities 2022-12-01 2023-11-30 04325626 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 04325626 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 04325626 frs-bus:Director1 2022-12-01 2023-11-30 04325626 frs-bus:Director2 2022-12-01 2023-11-30 04325626 frs-bus:Director3 2022-12-01 2023-11-30 04325626 frs-bus:CompanySecretary1 2022-12-01 2023-11-30 04325626 frs-countries:EnglandWales 2022-12-01 2023-11-30 04325626 2021-11-30 04325626 2022-11-30 04325626 2021-12-01 2022-11-30 04325626 frs-core:CurrentFinancialInstruments 2022-11-30 04325626 frs-core:Non-currentFinancialInstruments 2022-11-30 04325626 frs-core:ShareCapital 2022-11-30 04325626 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 04325626
Time For You Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
Jon Davies Accountants Limited
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04325626
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 8,850 13,933
8,850 13,933
CURRENT ASSETS
Debtors 4 19,743 94,102
Cash at bank and in hand 120,978 118,000
140,721 212,102
Creditors: Amounts Falling Due Within One Year 5 (132,747 ) (131,110 )
NET CURRENT ASSETS (LIABILITIES) 7,974 80,992
TOTAL ASSETS LESS CURRENT LIABILITIES 16,824 94,925
Creditors: Amounts Falling Due After More Than One Year 6 (15,000 ) (24,860 )
NET ASSETS 1,824 70,065
CAPITAL AND RESERVES
Called up share capital 7 292 292
Profit and Loss Account 1,532 69,773
SHAREHOLDERS' FUNDS 1,824 70,065
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For the year ending 30 November 2023 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 Samuel Stawarz
Director
28 August 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. 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.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3. 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:
Freehold Revaluation
Plant & Machinery 25% Written Down Balance
Fixtures & Fittings 33% Straight Line Method
Computer Equipment 33% Straight Line Method
1.4. 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.
1.5. 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.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 3 (2022: 3)
3 3
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3. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 December 2022 26,654 1,821 28,610 40,853 97,938
Additions - - - 3,154 3,154
As at 30 November 2023 26,654 1,821 28,610 44,007 101,092
Depreciation
As at 1 December 2022 26,654 1,678 26,578 29,095 84,005
Provided during the period - 36 544 7,657 8,237
As at 30 November 2023 26,654 1,714 27,122 36,752 92,242
Net Book Value
As at 30 November 2023 - 107 1,488 7,255 8,850
As at 1 December 2022 - 143 2,032 11,758 13,933
4. Debtors
2023 2022
£ £
Due within one year
Trade debtors 12,264 92,391
Other debtors - 1,711
Corporation tax recoverable assets 7,479 -
19,743 94,102
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 17,760 16,416
Bank loans and overdrafts 17,666 17,370
Corporation tax 65,532 59,713
Other taxes and social security 950 697
VAT 25,063 27,431
Accruals and deferred income 808 2,424
Directors' loan accounts 4,968 7,059
132,747 131,110
6. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 15,000 24,860
15,000 24,860
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7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 292 292
8. General Information
Time For You Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04325626 . The registered office is 19 Standing Stones, Great Billing, Northampton, NN3 9HA.
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