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REGISTERED NUMBER: 10165886 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

TERTIUM LIMITED

TERTIUM LIMITED (REGISTERED NUMBER: 10165886)

Contents of the Financial Statements
for the Year Ended 31 May 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TERTIUM LIMITED

Company Information
for the Year Ended 31 May 2023







DIRECTOR: S Desmond



REGISTERED OFFICE: c/o BTMR Limited
Century Buildings
14 St Mary's Parsonage
Manchester
M3 2DF



REGISTERED NUMBER: 10165886 (England and Wales)



ACCOUNTANTS: BTMR Limited
Century Buildings
14 St Mary's Parsonage
Manchester
M3 2DF



BANKERS: HSBC
2-4 St Ann's Square
Manchester
M2 7HD

TERTIUM LIMITED (REGISTERED NUMBER: 10165886)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 153

CURRENT ASSETS
Debtors 5 23,683 25,870
Cash at bank 3,803 11,074
27,486 36,944
CREDITORS
Amounts falling due within one year 6 26,477 36,573
NET CURRENT ASSETS 1,009 371
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,009

524

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,008 523
SHAREHOLDERS' FUNDS 1,009 524

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 November 2023 and were signed by:





S Desmond - Director


TERTIUM LIMITED (REGISTERED NUMBER: 10165886)

Notes to the Financial Statements
for the Year Ended 31 May 2023


1. STATUTORY INFORMATION

Tertium Limited 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.

Turnover
Turnover is accounted for as revenue when, and to the extent that, the company obtains a right to consideration in exchange for its performance of its obligations under the sales contract with the customer. The amount reported as revenue is the fair value of the right to consideration - usually the price specified in the contractual arrangement net of discounts and net of VAT, and after any allowance for credit risk and other uncertainties.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
IT equipment - 33% on cost

Tangible fixed assets are initially recorded at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

TERTIUM LIMITED (REGISTERED NUMBER: 10165886)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023


4. TANGIBLE FIXED ASSETS
IT
equipment
£   
COST
At 1 June 2022 3,158
Disposals (3,158 )
At 31 May 2023 -
DEPRECIATION
At 1 June 2022 3,005
Eliminated on disposal (3,005 )
At 31 May 2023 -
NET BOOK VALUE
At 31 May 2023 -
At 31 May 2022 153

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors - 17,640
Other debtors 23,683 8,230
23,683 25,870

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Taxation and social security 24,700 35,068
Other creditors 1,777 1,505
26,477 36,573

7. RELATED PARTY DISCLOSURES

At the year end £23,836 (£4,520 in 2022) was owed to the company from the director. Interest has been charged at the market rate.

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S Desmond.