Timely Software Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 10054123 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

TIMELY SOFTWARE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M Feierstein

E Remer

R Siurek

REGISTERED OFFICE:

Highfield Court Tollgate

Chandler's Ford

Eastleigh

Hampshire

SO53 3TY

REGISTERED NUMBER:

10054123 (England and Wales)

AUDITORS:

Oury Clark Chartered Accountants

Statutory Auditors

Herschel House

58 Herschel Street

Slough

Berkshire

SL1 1PG

FIXED ASSETS

Tangible assets

4

8,490

8,923

CURRENT ASSETS

Stocks

1,925

Debtors

5

407,224

574,890

Cash at bank

386,507

41,064

795,656

617,879

CREDITORS

Amounts falling due within one year

6

155,190

117,508

NET CURRENT ASSETS

640,466

500,371

TOTAL ASSETS LESS CURRENT
LIABILITIES

648,956

509,294

PROVISIONS FOR LIABILITIES

7

1,827

1,954

NET ASSETS

647,129

507,340

CAPITAL AND RESERVES

Called up share capital

8

100

Retained earnings

9

647,029

507,240

SHAREHOLDERS' FUNDS

647,129

507,340

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

R Siurek - Director

1.	STATUTORY INFORMATION

Timely Software Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company has obtained a letter of support from the ultimate parent and parent company. The directors of the ultimate parent and parent company have provided a commitment to provide any financial support which may be necessary in order for the company to meet liabilities, as they fall due, for a period of at least 12 months and 1 day from the signing of the audit report. As a result of this commitment the directors have continued to adopt the going concern basis in preparing these financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover arising from intercompany agreements is recognised in the period to which they relate.

Tangible fixed assets

Tangible fixed assets are initially recognised at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is provided at the following annual rates in order to write off the asset over its estimated useful life:

Plant and Machinery - 40% reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Costs are determined on a first-in, first-out basis.

Financial instruments

Basic financial instruments as covered by Section 11 of FRS102 are measured at amortised cost. The company does not have any other financial instruments as covered by Section 12 of FRS102.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

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.

Foreign currencies

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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 18 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

34,146

Additions

6,935

Disposals

(15,381

)

At 31 December 2024

25,700

DEPRECIATION

At 1 January 2024

25,223

Charge for year

7,237

Eliminated on disposal

(15,250

)

At 31 December 2024

17,210

NET BOOK VALUE

At 31 December 2024

8,490

At 31 December 2023

8,923

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Amounts owed by group undertakings

294,597

514,598

Other debtors

112,627

60,292

407,224

574,890

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade creditors

2,307

4,281

Taxation and social security

82,412

55,521

Other creditors & accruals

70,471

57,706

155,190

117,508

7.	PROVISIONS FOR LIABILITIES

The company has recognised £1,827 (2023: £1,954) as a deferred tax liability for the timing differences at the year end.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

100

Ordinary

£1

100

9.

RESERVES

Retained

earnings

£

At 1 January 2024

507,240

Profit for the year

139,789

At 31 December 2024

647,029

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Amy Enslin (Senior Statutory Auditor)

for and on behalf of Oury Clark Chartered Accountants

We would like to draw your attention to the following statement contained within our audit report as included within the full financial statements:-

"Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed."

11.	ULTIMATE PARENT COMPANY

The immediate holding company is Timely Limited, an entity registered in New Zealand and the ultimate holding company is EverCommerce Inc., incorporated in the United States of America with registered office at 3601 Walnut Street, Suite 400 Denver, Colorado, USA. EverCommerce Inc. shares are listed on the NASDAQ, and its consolidated accounts can be found in the company's website: https://investors.evercommerce.com.

12.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.