Acorah Software Products - Accounts Production 16.4.675 false true 8 August 2024 1 April 2023 false 9 August 2024 31 March 2025 31 March 2025 05876472 Mrs S Kilburn Mr T Kilburn iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05876472 2024-08-08 05876472 2025-03-31 05876472 2024-08-09 2025-03-31 05876472 frs-core:CurrentFinancialInstruments 2025-03-31 05876472 frs-core:NetGoodwill 2024-08-09 2025-03-31 05876472 frs-core:PlantMachinery 2024-08-09 2025-03-31 05876472 frs-core:ShareCapital 2025-03-31 05876472 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 05876472 frs-bus:PrivateLimitedCompanyLtd 2024-08-09 2025-03-31 05876472 frs-bus:FilletedAccounts 2024-08-09 2025-03-31 05876472 frs-bus:SmallEntities 2024-08-09 2025-03-31 05876472 frs-bus:AuditExempt-NoAccountantsReport 2024-08-09 2025-03-31 05876472 frs-bus:SmallCompaniesRegimeForAccounts 2024-08-09 2025-03-31 05876472 frs-bus:Director1 2024-08-09 2025-03-31 05876472 frs-bus:Director2 2024-08-09 2025-03-31 05876472 frs-countries:EnglandWales 2024-08-09 2025-03-31 05876472 2023-03-31 05876472 2024-08-08 05876472 2023-04-01 2024-08-08 05876472 frs-core:CurrentFinancialInstruments 2024-08-08 05876472 frs-core:ShareCapital 2024-08-08 05876472 frs-core:RetainedEarningsAccumulatedLosses 2024-08-08
Registered number: 05876472
Tim Kilburn Ltd
Unaudited Financial Statements
For the Period 9 August 2024 to 31 March 2025
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 05876472
31 March 2025 8 August 2024
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 4 394 3,496
Cash at bank and in hand 364,629 452,061
365,023 455,557
Creditors: Amounts Falling Due Within One Year 5 (3,793 ) (26,292 )
NET CURRENT ASSETS (LIABILITIES) 361,230 429,265
TOTAL ASSETS LESS CURRENT LIABILITIES 361,230 429,265
NET ASSETS 361,230 429,265
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account 361,130 429,165
SHAREHOLDERS' FUNDS 361,230 429,265
For the period ending 31 March 2025 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
Mrs S Kilburn
Director
Mr T Kilburn
Director
11/07/2025
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
Tim Kilburn Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05876472 . The registered office is 72C Church Lane, Backwell, Bristol, BS48 3JL.
The presentation currency of the financial statements is the Pound Sterling (£).
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 20 years.
2.4. 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 20% on cost
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.6. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.
Short term debtors are measured at transaction price less any impaiment.
Short term creditors are measured at transaction price.
Cash is represented by deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
Other financial liabilities, including borrowings are initially measured at fair value and subsequently measured at amortised costs using the effective interest rate method, with interest expense recognised on an effective yield basis. 
Page 2
Page 3
2.7. 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 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 assets reflect 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 and deferred tax are recognised in profit or loss for the period, 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.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2 (2024: 14)
2 14
4. Debtors
31 March 2025 8 August 2024
£ £
Due within one year
Prepayments and accrued income 394 135
Corporation tax recoverable assets - 3,361
394 3,496
5. Creditors: Amounts Falling Due Within One Year
31 March 2025 8 August 2024
£ £
Trade creditors - 4,933
Corporation tax 3,040 1,482
Other taxes and social security - 719
Accruals and deferred income 753 19,158
3,793 26,292
6. Share Capital
31 March 2025 8 August 2024
£ £
Allotted, Called up and fully paid 100 100
Page 3