Acorah Software Products - Accounts Production 16.1.300 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 02490235 Mr Jonathan Moses Mr Paul Lewis iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02490235 2023-04-30 02490235 2024-04-30 02490235 2023-05-01 2024-04-30 02490235 frs-core:CurrentFinancialInstruments 2024-04-30 02490235 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-30 02490235 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 02490235 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-30 02490235 frs-core:RevaluationReserve 2023-04-30 02490235 frs-core:RevaluationReserve 2024-04-30 02490235 frs-core:ShareCapital 2024-04-30 02490235 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 02490235 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 02490235 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 02490235 frs-bus:SmallEntities 2023-05-01 2024-04-30 02490235 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 02490235 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 02490235 frs-bus:Director1 2023-05-01 2024-04-30 02490235 frs-bus:Director2 2023-05-01 2024-04-30 02490235 frs-countries:EnglandWales 2023-05-01 2024-04-30 02490235 2022-04-30 02490235 2023-04-30 02490235 2022-05-01 2023-04-30 02490235 frs-core:CurrentFinancialInstruments 2023-04-30 02490235 frs-core:RevaluationReserve 2023-04-30 02490235 frs-core:ShareCapital 2023-04-30 02490235 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 02490235
Timray Limited
Financial Statements
For The Year Ended 30 April 2024
Pembury Accountants Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 02490235
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 56,500 56,500
56,500 56,500
CURRENT ASSETS
Debtors 5 745 148
Cash at bank and in hand 45,695 104,448
46,440 104,596
Creditors: Amounts Falling Due Within One Year 6 (30,177 ) (87,615 )
NET CURRENT ASSETS (LIABILITIES) 16,263 16,981
TOTAL ASSETS LESS CURRENT LIABILITIES 72,763 73,481
PROVISIONS FOR LIABILITIES
Deferred Taxation (9,248 ) (9,248 )
NET ASSETS 63,515 64,233
CAPITAL AND RESERVES
Called up share capital 7 10 10
Revaluation reserve 8 39,424 39,424
Profit and Loss Account 24,081 24,799
SHAREHOLDERS' FUNDS 63,515 64,233
Page 1
Page 2
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 Jonathan Moses
Director
Mr Paul Lewis
Director
30 January 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Timray Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02490235 . The registered office is 5 Beaumont Gate, Shenley Hill, Radlett, Herts, WD7 7AR.
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.

No depreciation has been charged on the cost of freehold property.

Assets held under finance leases are depreciated in the same way as owned assets.

At each statement of financial position date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Revaluation of tangible fixed assets

Fixed Assets are recognised initially at cost and subsequently at market value based on the amount at which the asset could be exchanged between knowledgeable parties at arm's-length. Freehold Properties are revalued according to market conditions at the year-end. Unrealised gains and losses on revaluation is only realised on disposal of the asset.


Page 3
Page 4
Freehold No depreciation has been charged
2.4. 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.
3. Average Number of Employees
Average number of employees during the year was as follows: NIL (2023: NIL)
- -
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 May 2023 56,500
As at 30 April 2024 56,500
Net Book Value
As at 30 April 2024 56,500
As at 1 May 2023 56,500
Page 4
Page 5
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 745 148
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - (1 )
Corporation tax 66 16,576
Other creditors 28,100 69,300
Accruals and deferred income 2,011 1,740
30,177 87,615
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
8. Reserves
Revaluation Reserve
£
As at 1 May 2023 39,424
As at 30 April 2024 39,424
Page 5