Acorah Software Products - Accounts Production 16.3.350 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 12811330 Mr Paul Snuggs Mr Jason Charles Thomas Ward Mr Lewis Carl George Loxton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12811330 2023-08-31 12811330 2024-08-31 12811330 2023-09-01 2024-08-31 12811330 frs-core:CurrentFinancialInstruments 2024-08-31 12811330 frs-core:ComputerEquipment 2024-08-31 12811330 frs-core:ComputerEquipment 2023-09-01 2024-08-31 12811330 frs-core:ComputerEquipment 2023-08-31 12811330 frs-core:ShareCapital 2024-08-31 12811330 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 12811330 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 12811330 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 12811330 frs-bus:SmallEntities 2023-09-01 2024-08-31 12811330 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 12811330 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 12811330 frs-bus:Director1 2023-09-01 2024-08-31 12811330 frs-bus:Director2 2023-09-01 2024-08-31 12811330 frs-bus:Director3 2023-09-01 2024-08-31 12811330 frs-countries:EnglandWales 2023-09-01 2024-08-31 12811330 2022-08-31 12811330 2023-08-31 12811330 2022-09-01 2023-08-31 12811330 frs-core:CurrentFinancialInstruments 2023-08-31 12811330 frs-core:ShareCapital 2023-08-31 12811330 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 12811330
Timeless Recruitment Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
Churchill Tax Advisers
361 Green Lane
Ilford
IG3 9TQ
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 12811330
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,054 1,475
5,054 1,475
CURRENT ASSETS
Debtors 5 143,255 906,983
Cash at bank and in hand 57,366 69,665
200,621 976,648
Creditors: Amounts Falling Due Within One Year 6 (195,250 ) (858,056 )
NET CURRENT ASSETS (LIABILITIES) 5,371 118,592
TOTAL ASSETS LESS CURRENT LIABILITIES 10,425 120,067
NET ASSETS 10,425 120,067
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 10,325 119,967
SHAREHOLDERS' FUNDS 10,425 120,067
For the year ending 31 August 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 Paul Snuggs
Director
26/05/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Timeless Recruitment Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12811330 . The registered office is 37 High Street, Needham Market, Ipswich, IP6 8AL.
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.
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:
Computer Equipment 18% RBM
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 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.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 20 (2023: )
20 -
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 September 2023 1,884
Additions 4,688
As at 31 August 2024 6,572
Depreciation
As at 1 September 2023 409
Provided during the period 1,109
As at 31 August 2024 1,518
...CONTINUED
Page 2
Page 3
Net Book Value
As at 31 August 2024 5,054
As at 1 September 2023 1,475
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 98,265 832,961
Due after more than one year
Other debtors 44,990 74,022
143,255 906,983
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 97,666 681,334
Other creditors 48,877 31,231
Taxation and social security 48,707 145,491
195,250 858,056
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 3