Acorah Software Products - Accounts Production 19.2.450 false true true 31 March 2024 1 April 2023 false 1 April 2024 30 September 2025 30 September 2025 08178513 Mrs J Timms Mr M Timms Mr T Smith Ms H Street TWM Financial Partners Limited true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08178513 2024-03-31 08178513 2025-09-30 08178513 2024-04-01 2025-09-30 08178513 frs-core:CurrentFinancialInstruments 2025-09-30 08178513 frs-core:Non-currentFinancialInstruments 2025-09-30 08178513 frs-core:FurnitureFittings 2024-04-01 2025-09-30 08178513 frs-core:NetGoodwill 2025-09-30 08178513 frs-core:NetGoodwill 2024-04-01 2025-09-30 08178513 frs-core:NetGoodwill 2024-03-31 08178513 frs-core:MotorVehicles 2024-04-01 2025-09-30 08178513 frs-core:PlantMachinery 2025-09-30 08178513 frs-core:PlantMachinery 2024-04-01 2025-09-30 08178513 frs-core:PlantMachinery 2024-03-31 08178513 frs-core:ShareCapital 2025-09-30 08178513 frs-core:RetainedEarningsAccumulatedLosses 2025-09-30 08178513 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-09-30 08178513 frs-bus:FilletedAccounts 2024-04-01 2025-09-30 08178513 frs-bus:SmallEntities 2024-04-01 2025-09-30 08178513 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-09-30 08178513 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-09-30 08178513 1 2024-04-01 2025-09-30 08178513 frs-core:UnlistedNon-exchangeTraded 2025-09-30 08178513 frs-core:UnlistedNon-exchangeTraded 2024-03-31 08178513 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-03-31 08178513 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2025-09-30 08178513 frs-core:DisposalsRepaymentsInvestments frs-core:UnlistedNon-exchangeTraded 2025-09-30 08178513 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2025-09-30 08178513 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 08178513 frs-core:ImpairmentLossProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2025-09-30 08178513 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2025-09-30 08178513 frs-bus:Director1 2024-04-01 2025-09-30 08178513 frs-bus:Director2 2024-04-01 2025-09-30 08178513 frs-bus:Director3 2024-04-01 2025-09-30 08178513 frs-bus:Director4 2024-04-01 2025-09-30 08178513 frs-countries:EnglandWales 2024-04-01 2025-09-30 08178513 2023-03-31 08178513 2024-03-31 08178513 2023-04-01 2024-03-31 08178513 frs-core:CurrentFinancialInstruments 2024-03-31 08178513 frs-core:Non-currentFinancialInstruments 2024-03-31 08178513 frs-core:ShareCapital 2024-03-31 08178513 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 08178513 frs-core:CurrentFinancialInstruments 1 2024-03-31
Registered number: 08178513
Timms Wealth Management Ltd
Unaudited Financial Statements
For the Period 1 April 2024 to 30 September 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 08178513
30 September 2025 31 March 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 724,124
Tangible Assets 5 - 109,549
- 833,673
CURRENT ASSETS
Debtors 7 921,579 1,703,165
Cash at bank and in hand 278,592 961,399
1,200,171 2,664,564
Creditors: Amounts Falling Due Within One Year 8 (249,380 ) (675,755 )
NET CURRENT ASSETS (LIABILITIES) 950,791 1,988,809
TOTAL ASSETS LESS CURRENT LIABILITIES 950,791 2,822,482
Creditors: Amounts Falling Due After More Than One Year 9 - (878,257 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (27,387 )
NET ASSETS 950,791 1,916,838
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account 950,790 1,916,837
SHAREHOLDERS' FUNDS 950,791 1,916,838
Page 1
Page 2
For the period ending 30 September 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
Mr M Timms
Director
29 April 2026
The notes on pages 3 to 7 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Timms Wealth Management Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08178513 . The registered office is 1g Network Point, Range Road, Witney, Oxfordshire, OX29 0YN.
Reporting Period
The reporting period is from 1st April 2024 to 30th September 2025, an 18 month period. Additionally, the company's trade transferred to TWM Financial Partners Limited on 7th February 2025. It is for these reasons that the comparative amounts are not entirely comparable. 
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.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
2.2. Going Concern Disclosure
During the year, the company transferred its trade to its parent undertaking and has since ceased trading. As a result of this, these accounts have not been prepared on a going concern basis.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable for services provided in the normal course of business.
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.
2.4. 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 4 years.
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2.5. 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 25% straight line
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
2.6. 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.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 10 (2024: 9)
10 9
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4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 4,174,627
Additions 171,833
Revaluations (12,187 )
Disposals (7,218 )
As at 30 September 2025 4,327,055
Amortisation
As at 1 April 2024 3,450,503
Provided during the period 310,497
Impairment losses 567,860
Disposals (1,805 )
As at 30 September 2025 4,327,055
Net Book Value
As at 30 September 2025 -
As at 1 April 2024 724,124
5. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 April 2024 213,922
Disposals (213,922 )
As at 30 September 2025 -
Depreciation
As at 1 April 2024 104,373
Provided during the period 34,279
Disposals (138,652 )
As at 30 September 2025 -
Net Book Value
As at 30 September 2025 -
As at 1 April 2024 109,549
Page 5
Page 6
6. Investments
Unlisted
£
Cost
As at 1 April 2024 -
Additions 435,045
Disposals (2,710 )
As at 30 September 2025 432,335
Provision
As at 1 April 2024 -
Impairment losses 432,335
As at 30 September 2025 432,335
Net Book Value
As at 30 September 2025 -
As at 1 April 2024 -
7. Debtors
30 September 2025 31 March 2024
£ £
Due within one year
Prepayments and accrued income - 324,813
Other debtors - 2,498
Loans from business - 1,375,854
Amounts owed by associates 921,579 -
921,579 1,703,165
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8. Creditors: Amounts Falling Due Within One Year
30 September 2025 31 March 2024
£ £
Other loans - 186,879
Corporation tax 249,380 300,604
Other taxes and social security - 4,123
Pension creditor - 1,347
Accruals and deferred income - 182,802
249,380 675,755
9. Creditors: Amounts Falling Due After More Than One Year
30 September 2025 31 March 2024
£ £
Other loans - 699,932
Accruals and deferred income - 178,325
- 878,257
10. Share Capital
30 September 2025 31 March 2024
£ £
Allotted, Called up and fully paid 1 1
11. Ultimate Controlling Party
The company's ultimate controlling party is TWM Financial Partners Limited by virtue of his ownership of 100% of the issued share capital in the company.
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