Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 13059550 Ms Wik Ka Ho Ms Ming Sze Tang iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13059550 2023-12-31 13059550 2024-12-31 13059550 2024-01-01 2024-12-31 13059550 frs-core:CurrentFinancialInstruments 2024-12-31 13059550 frs-core:ComputerEquipment 2024-12-31 13059550 frs-core:ComputerEquipment 2024-01-01 2024-12-31 13059550 frs-core:ComputerEquipment 2023-12-31 13059550 frs-core:FurnitureFittings 2024-12-31 13059550 frs-core:FurnitureFittings 2024-01-01 2024-12-31 13059550 frs-core:FurnitureFittings 2023-12-31 13059550 frs-core:InvestmentPropertyIncludedWithinPPE 2024-12-31 13059550 frs-core:InvestmentPropertyIncludedWithinPPE 2024-01-01 2024-12-31 13059550 frs-core:InvestmentPropertyIncludedWithinPPE 2023-12-31 13059550 frs-core:ShareCapital 2024-12-31 13059550 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 13059550 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13059550 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 13059550 frs-bus:SmallEntities 2024-01-01 2024-12-31 13059550 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 13059550 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 13059550 frs-bus:Director1 2024-01-01 2024-12-31 13059550 frs-bus:Director2 2024-01-01 2024-12-31 13059550 frs-countries:EnglandWales 2024-01-01 2024-12-31 13059550 2022-12-31 13059550 2023-12-31 13059550 2023-01-01 2023-12-31 13059550 frs-core:CurrentFinancialInstruments 2023-12-31 13059550 frs-core:ShareCapital 2023-12-31 13059550 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 13059550
Timely Runaway Company Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 13059550
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 181,834 172,872
181,834 172,872
CURRENT ASSETS
Debtors 5 78 1
Cash at bank and in hand 5,656 653
5,734 654
Creditors: Amounts Falling Due Within One Year 6 (164,587 ) (163,543 )
NET CURRENT ASSETS (LIABILITIES) (158,853 ) (162,889 )
TOTAL ASSETS LESS CURRENT LIABILITIES 22,981 9,983
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,845 ) (1,855 )
NET ASSETS 19,136 8,128
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 19,135 8,127
SHAREHOLDERS' FUNDS 19,136 8,128
For the year ending 31 December 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
Ms Ming Sze Tang
Director
11/06/2025
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
Timely Runaway Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13059550 . The registered office is 1 Derwent Business Centre, Clarke Street, Derby, DE1 2BU.
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. 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:
Fixtures & Fittings 25% Straight Line
Computer Equipment 25% Straight Line
2.3. Investment Properties
Investment properties are measured at fair value determined annually and adjusted if necessary for any difference in the nature, location or condition of the specific asset. The fair value of property was obtained from an online property resource company and has not been based on a valuation by an independent valuer with a professional qualification.
Changes in fair value are recognised in the profit and loss account.
2.4. Deferred Taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
2.5. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 2 2
2 2
4. Tangible Assets
Investment Properties Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost or Valuation
As at 1 January 2024 171,000 3,795 1,957 176,752
Additions - - 1,866 1,866
Revaluation 9,000 - - 9,000
As at 31 December 2024 180,000 3,795 3,823 187,618
Depreciation
As at 1 January 2024 - 2,631 1,249 3,880
Provided during the period - 948 956 1,904
As at 31 December 2024 - 3,579 2,205 5,784
...CONTINUED
Page 2
Page 3
Net Book Value
As at 31 December 2024 180,000 216 1,618 181,834
As at 1 January 2024 171,000 1,164 708 172,872
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 77 -
Other debtors 1 1
78 1
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 601 -
Accruals and deferred income 645 -
Directors' loan accounts 163,341 163,543
164,587 163,543
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 3