Acorah Software Products - Accounts Production 16.0.110 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 10783487 Mr Nikita Dedik Mr Gleb Davidyuk Mr Prateek Kathpal Mr Alexey Shelobkov Mr Alexander Urbanovich REDFERN LEGAL LLP iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10783487 2023-05-31 10783487 2024-05-31 10783487 2023-06-01 2024-05-31 10783487 frs-core:CurrentFinancialInstruments 2024-05-31 10783487 frs-core:Non-currentFinancialInstruments 2024-05-31 10783487 frs-core:ComputerEquipment 2024-05-31 10783487 frs-core:ComputerEquipment 2023-06-01 2024-05-31 10783487 frs-core:ComputerEquipment 2023-05-31 10783487 frs-core:FurnitureFittings 2024-05-31 10783487 frs-core:FurnitureFittings 2023-06-01 2024-05-31 10783487 frs-core:FurnitureFittings 2023-05-31 10783487 frs-core:PlantMachinery 2023-06-01 2024-05-31 10783487 frs-core:OtherReservesSubtotal 2024-05-31 10783487 frs-core:SharePremium 2024-05-31 10783487 frs-core:ShareCapital 2024-05-31 10783487 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 10783487 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 10783487 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 10783487 frs-bus:SmallEntities 2023-06-01 2024-05-31 10783487 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 10783487 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 10783487 frs-bus:Director1 2023-06-01 2024-05-31 10783487 frs-bus:Director2 2023-06-01 2024-05-31 10783487 frs-bus:Director3 2023-06-01 2024-05-31 10783487 frs-bus:Director4 2023-06-01 2024-05-31 10783487 frs-bus:Director5 2023-06-01 2024-05-31 10783487 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 10783487 frs-countries:EnglandWales 2023-06-01 2024-05-31 10783487 2022-05-31 10783487 2023-05-31 10783487 2022-06-01 2023-05-31 10783487 frs-core:CurrentFinancialInstruments 2023-05-31 10783487 frs-core:Non-currentFinancialInstruments 2023-05-31 10783487 frs-core:OtherReservesSubtotal 2023-05-31 10783487 frs-core:SharePremium 2023-05-31 10783487 frs-core:ShareCapital 2023-05-31 10783487 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 10783487
TIMESCENERY LTD
Unaudited Financial Statements
For The Year Ended 31 May 2024
More Than Accountants Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10783487
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,597 4,795
3,597 4,795
CURRENT ASSETS
Debtors 5 197,248 133,255
Cash at bank and in hand 13,634 2,359
210,882 135,614
Creditors: Amounts Falling Due Within One Year 6 (422,947 ) (350,163 )
NET CURRENT ASSETS (LIABILITIES) (212,065 ) (214,549 )
TOTAL ASSETS LESS CURRENT LIABILITIES (208,468 ) (209,754 )
Creditors: Amounts Falling Due After More Than One Year 7 (27,388 ) (21,671 )
NET LIABILITIES (235,856 ) (231,425 )
CAPITAL AND RESERVES
Called up share capital 8 141 141
Share premium account 2,234,218 2,234,218
Other reserves 255,330 255,330
Profit and Loss Account (2,725,545 ) (2,721,114 )
SHAREHOLDERS' FUNDS (235,856) (231,425)
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.
The financial statements were approved by the board of directors on 24 January 2025 and were signed on its behalf by:
Mr Nikita Dedik
Director
24/01/2025
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
TIMESCENERY LTD is a private company, limited by shares, incorporated in England & Wales, registered number 10783487 . The registered office is Kemp House, 160 City Road, London, EC1V 2NX.
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 balnace method
Fixtures & Fittings 25% reducing balnace method
Computer Equipment 25% reducing balnace method
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 3)
6 3
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 June 2023 8,593 7,627 16,220
As at 31 May 2024 8,593 7,627 16,220
Depreciation
As at 1 June 2023 7,283 4,142 11,425
Provided during the period 327 871 1,198
As at 31 May 2024 7,610 5,013 12,623
Net Book Value
As at 31 May 2024 983 2,614 3,597
As at 1 June 2023 1,310 3,485 4,795
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 190,673 128,384
Prepayments and accrued income 500 -
Other debtors 6,075 -
VAT - 4,871
197,248 133,255
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 263,653 169,383
Bank loans and overdrafts - 11,068
Other taxes and social security 5,240 3,727
VAT 3,985 -
Net wages 18,655 3,872
Other creditors 860 -
Directors' loan accounts 130,554 162,113
422,947 350,163
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 27,388 21,671
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 141 141
Page 4