Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00910180 2022-04-01 2023-03-31 00910180 2021-04-01 2022-03-31 00910180 2023-03-31 00910180 2022-03-31 00910180 c:Director1 2022-04-01 2023-03-31 00910180 d:Buildings d:LongLeaseholdAssets 2022-04-01 2023-03-31 00910180 d:Buildings d:LongLeaseholdAssets 2023-03-31 00910180 d:Buildings d:LongLeaseholdAssets 2022-03-31 00910180 d:Buildings d:ShortLeaseholdAssets 2022-04-01 2023-03-31 00910180 d:FurnitureFittings 2022-04-01 2023-03-31 00910180 d:FurnitureFittings 2023-03-31 00910180 d:FurnitureFittings 2022-03-31 00910180 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 00910180 d:ComputerEquipment 2022-04-01 2023-03-31 00910180 d:ComputerEquipment 2023-03-31 00910180 d:ComputerEquipment 2022-03-31 00910180 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 00910180 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 00910180 d:CurrentFinancialInstruments 2023-03-31 00910180 d:CurrentFinancialInstruments 2022-03-31 00910180 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 00910180 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 00910180 d:ShareCapital 2023-03-31 00910180 d:ShareCapital 2022-03-31 00910180 d:RetainedEarningsAccumulatedLosses 2023-03-31 00910180 d:RetainedEarningsAccumulatedLosses 2022-03-31 00910180 c:OrdinaryShareClass1 2022-04-01 2023-03-31 00910180 c:OrdinaryShareClass1 2023-03-31 00910180 c:OrdinaryShareClass1 2022-03-31 00910180 c:FRS102 2022-04-01 2023-03-31 00910180 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 00910180 c:FullAccounts 2022-04-01 2023-03-31 00910180 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 00910180










TIARCO LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
TIARCO LIMITED
REGISTERED NUMBER: 00910180

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,684
2,514

  
1,684
2,514

Current assets
  

Cash at bank and in hand
 5 
26,521
28,288

  
26,521
28,288

Current Liablities
  

Creditors: amounts falling due within one year
 6 
(2,493)
(8,755)

Total assets less current liabilities
  
 
 
25,712
 
 
22,047

  

Net assets
  
25,712
22,047


Capital and reserves
  

Called up share capital 
 7 
5,000
5,000

Profit and loss account
  
20,712
17,047

  
25,712
22,047


Page 1

 
TIARCO LIMITED
REGISTERED NUMBER: 00910180

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




A F Pollard
Director

Date: 6 November 2023

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
TIARCO LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Tiarco Limited is a private company, limited by share capital and incorporated in England and Wales.
The registered office addrees is 2 Communications Road, Greenham Business Park, Newbury, Berkshire, RG19 6AB.
 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The accounts have been prepared on a going concern basis as the director believes the Company has sufficient support to enable it to continue trading for at least the next twelve months.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 3

 
TIARCO LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, .

Depreciation is provided on the following basis:

Improvements to property
-
20%
Straight-line method
Fixtures & fittings
-
15%
Reducing balance basis
Computer equipment
-
15%
Reducing balance basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Page 4

 
TIARCO LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Tangible fixed assets





Improvements to property
Fixtures & fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2022
11,157
11,330
17,565
40,052



At 31 March 2023

11,157
11,330
17,565
40,052



Depreciation


At 1 April 2022
9,614
11,260
16,664
37,538


Charge for the year on owned assets
678
17
135
830



At 31 March 2023

10,292
11,277
16,799
38,368



Net book value



At 31 March 2023
865
53
766
1,684



At 31 March 2022
1,543
70
901
2,514


5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
26,521
28,288

26,521
28,288


Page 5

 
TIARCO LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
1,068
2,054

Other taxation and social security
-
1,130

Other creditors
11
4,227

Accruals and deferred income
1,414
1,344

2,493
8,755



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



5,000 (2022 - 5,000) Ordinary shares of £1 each
5,000
5,000



8.


Related party transactions

At 31 March 2023 the Company owed £11 (2022: £4,227) to A F Pollard, the director. No interest was charged on this loan and there are no specific repayment terms.
Tiarco Limited provided consultancy services to Loheat Limited of £22,507 (2022: £24,965). A F Pollard is a director and shareholder of both companies.


9.


Controlling party

The Company is jointly controlled by A F Pollard and G Pollard.


Page 6