Acorah Software Products - Accounts Production 16.2.850 false true false 1 February 2024 31 January 2025 31 January 2025 14606906 Mr Lukas Lidakevicius iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14606906 2024-01-31 14606906 2025-01-31 14606906 2024-02-01 2025-01-31 14606906 frs-core:CurrentFinancialInstruments 2025-01-31 14606906 frs-core:ComputerEquipment 2025-01-31 14606906 frs-core:ComputerEquipment 2024-02-01 2025-01-31 14606906 frs-core:ComputerEquipment 2024-01-31 14606906 frs-core:ShareCapital 2025-01-31 14606906 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 14606906 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 14606906 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 14606906 frs-bus:SmallEntities 2024-02-01 2025-01-31 14606906 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 14606906 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 14606906 frs-core:UnlistedNon-exchangeTraded 2025-01-31 14606906 frs-core:UnlistedNon-exchangeTraded 2024-01-31 14606906 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-01-31 14606906 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2025-01-31 14606906 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2025-01-31 14606906 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-01-31 14606906 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2025-01-31 14606906 frs-bus:Director1 2024-02-01 2025-01-31 14606906 frs-countries:EnglandWales 2024-02-01 2025-01-31
Registered number: 14606906
Timeless Doors Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14606906
2025
Notes £ £
FIXED ASSETS
Tangible Assets 4 991
Investments 5 1
992
CURRENT ASSETS
Stocks 6 17,662
Debtors 7 103,752
Cash at bank and in hand 20,525
141,939
Creditors: Amounts Falling Due Within One Year 8 (14,672 )
NET CURRENT ASSETS (LIABILITIES) 127,267
TOTAL ASSETS LESS CURRENT LIABILITIES 128,259
PROVISIONS FOR LIABILITIES
Deferred Taxation (248 )
NET ASSETS 128,011
CAPITAL AND RESERVES
Called up share capital 9 100
Profit and Loss Account 127,911
SHAREHOLDERS' FUNDS 128,011
Page 1
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For the year ending 31 January 2025 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
09/04/2025
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
Timeless Doors Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14606906 . The registered office is 2 New Kings Road, 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:
Computer Equipment 15% on reducing balances
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 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL
-
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 February 2024 -
Additions 1,166
As at 31 January 2025 1,166
Depreciation
As at 1 February 2024 175
As at 31 January 2025 175
Net Book Value
As at 31 January 2025 991
As at 1 February 2024 (175 )
5. Investments
Unlisted
£
Cost
As at 1 February 2024 -
Additions 1
As at 31 January 2025 1
Provision
As at 1 February 2024 -
As at 31 January 2025 -
Net Book Value
As at 31 January 2025 1
As at 1 February 2024 -
6. Stocks
2025
£
Stock 17,662
Page 4
Page 5
7. Debtors
2025
£
Due within one year
Trade debtors 75,000
Amounts owed by participating interests 337
Other debtors 28,415
103,752
8. Creditors: Amounts Falling Due Within One Year
2025
£
Trade creditors 1,000
Taxation and social security 13,672
14,672
9. Share Capital
2025
£
Allotted, Called up and fully paid 100
10. Related Party Transactions
Included in the Other Debtors is an amount owed to Timeless Windows Ltd totalling £337 (2024 - £0), for which Mr L Lidakevicius is a director. No interest is to be charged and no repayment terms have been agreed.
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