Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 07489919 Mr Colin Russell Mr Matthew Russell Mr Daniel Russell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07489919 2023-03-31 07489919 2024-03-31 07489919 2023-04-01 2024-03-31 07489919 frs-core:CurrentFinancialInstruments 2024-03-31 07489919 frs-core:Non-currentFinancialInstruments 2024-03-31 07489919 frs-core:FurnitureFittings 2024-03-31 07489919 frs-core:FurnitureFittings 2023-04-01 2024-03-31 07489919 frs-core:FurnitureFittings 2023-03-31 07489919 frs-core:MotorVehicles 2024-03-31 07489919 frs-core:MotorVehicles 2023-04-01 2024-03-31 07489919 frs-core:MotorVehicles 2023-03-31 07489919 frs-core:PlantMachinery 2024-03-31 07489919 frs-core:PlantMachinery 2023-04-01 2024-03-31 07489919 frs-core:PlantMachinery 2023-03-31 07489919 frs-core:ShareCapital 2024-03-31 07489919 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 07489919 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07489919 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 07489919 frs-bus:SmallEntities 2023-04-01 2024-03-31 07489919 frs-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 07489919 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 07489919 frs-bus:Director1 2023-04-01 2024-03-31 07489919 frs-bus:Director2 2023-04-01 2024-03-31 07489919 frs-bus:Director3 2023-04-01 2024-03-31 07489919 frs-countries:EnglandWales 2023-04-01 2024-03-31 07489919 2022-03-31 07489919 2023-03-31 07489919 2022-04-01 2023-03-31 07489919 frs-core:CurrentFinancialInstruments 2023-03-31 07489919 frs-core:Non-currentFinancialInstruments 2023-03-31 07489919 frs-core:ShareCapital 2023-03-31 07489919 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 07489919
Timmins Property Services Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Chartered Certified Accountants
Unit 16, Heronsgate Trading Estate
Paycocke Road
Basildon
Essex
SS14 3EU
Contents
Page
Accountant's Report 1
Statement of Financial Position 2—3
Notes to the Financial Statements 4—6
Page 1
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of Timmins Property Services Limited For The Year Ended 31 March 2024
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Timmins Property Services Limited which comprise the Income Statement, the Statement of Financial Position and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Timmins Property Services Limited , as a body, in accordance with the terms of our engagement letter dated 14 October 2024. Our work has been undertaken solely to prepare for your approval the accounts of Timmins Property Services Limited and state those matters that we have agreed to state to the directors of Timmins Property Services Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Timmins Property Services Limited and its directors as a body for our work or for this report.
It is your duty to ensure that Timmins Property Services Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Timmins Property Services Limited . You consider that Timmins Property Services Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Timmins Property Services Limited . 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
08/11/2024
FB Accountancy Services Limited
Chartered Certified Accountants
Unit 16, Heronsgate Trading Estate
Paycocke Road
Basildon
Essex
SS14 3EU
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Page 2
Statement of Financial Position
Registered number: 07489919
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 58,685 59,480
58,685 59,480
CURRENT ASSETS
Stocks 5 3,500 3,500
Debtors 6 105,900 24,321
Cash at bank and in hand 89,269 97,102
198,669 124,923
Creditors: Amounts Falling Due Within One Year 7 (180,728 ) (110,942 )
NET CURRENT ASSETS (LIABILITIES) 17,941 13,981
TOTAL ASSETS LESS CURRENT LIABILITIES 76,626 73,461
Creditors: Amounts Falling Due After More Than One Year 8 (11,667 ) (21,667 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (15,551 ) (15,762 )
NET ASSETS 49,408 36,032
CAPITAL AND RESERVES
Called up share capital 9 100 100
Income Statement 49,308 35,932
SHAREHOLDERS' FUNDS 49,408 36,032
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Page 3
For the year ending 31 March 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 Income Statement.
On behalf of the board
Mr Colin Russell
Director
08/11/2024
The notes on pages 4 to 6 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
Timmins Property Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07489919 . The registered office is 16 Heronsgate Trading Estate, Paycocke Road, Basildon, Essex, SS14 3EU.
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.
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.


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% Reducing balance
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 25% Straight line
2.4. 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.
2.5. 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 year 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 asset reflects 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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2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2023: 14)
13 14
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 April 2023 80 117,887 2,966 120,933
Additions - 16,000 2,931 18,931
Disposals - (8,100 ) - (8,100 )
As at 31 March 2024 80 125,787 5,897 131,764
Depreciation
As at 1 April 2023 80 58,984 2,389 61,453
Provided during the period - 15,690 762 16,452
Disposals - (4,826 ) - (4,826 )
As at 31 March 2024 80 69,848 3,151 73,079
Net Book Value
As at 31 March 2024 - 55,939 2,746 58,685
As at 1 April 2023 - 58,903 577 59,480
5. Stocks
2024 2023
£ £
Materials 3,500 3,500
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 104,149 23,547
Prepayments and accrued income 1,751 324
Other debtors - 450
105,900 24,321
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 76,031 29,967
Bank loans and overdrafts 10,000 10,000
Corporation tax 33,692 20,140
Other taxes and social security 11,574 9,432
VAT 40,838 27,884
Other creditors 8,593 13,519
180,728 110,942
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 11,667 21,667
The bank loan consists of a loan received under the government bounce back loan scheme.
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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