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REGISTERED NUMBER: 11564199 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Cyber Tec Security Ltd

Cyber Tec Security Ltd (Registered number: 11564199)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cyber Tec Security Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: C W A Madders
M D Ralston
L J Ralston





REGISTERED OFFICE: Suite 5 Corum 2
Corum Office Park
Crown Way
Warmley
Bristol
BS30 8FJ





REGISTERED NUMBER: 11564199 (England and Wales)





ACCOUNTANTS: Verinder Powell Associates Ltd
Suite 5 Corum 2
Corum Office Park
Crown Way
Warmley
Bristol
BS30 8FJ

Cyber Tec Security Ltd (Registered number: 11564199)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 4,697 12,472
4,697 12,472

CURRENT ASSETS
Debtors 6 21,678 135,635
Cash at bank 93,770 73,223
115,448 208,858
CREDITORS
Amounts falling due within one year 7 146,287 256,325
NET CURRENT LIABILITIES (30,839 ) (47,467 )
TOTAL ASSETS LESS CURRENT LIABILITIES (26,142 ) (34,995 )

CREDITORS
Amounts falling due after more than one
year

8

33,490

39,195
NET LIABILITIES (59,632 ) (74,190 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (59,633 ) (74,191 )
(59,632 ) (74,190 )

Cyber Tec Security Ltd (Registered number: 11564199)

Balance Sheet - continued
31 December 2023


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

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

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 September 2024 and were signed on its behalf by:





M D Ralston - Director


Cyber Tec Security Ltd (Registered number: 11564199)

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

1. STATUTORY INFORMATION

Cyber Tec Security 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

There have been no material departures from the Financial Reporting Standard 102 1A.

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

The company recognises revenue when;
the amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Tangible fixed assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

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

Plant and machinery- 50% on cost
Fixtures and fittings- 33% on cost
Computer equipment- 33% on cost


Cyber Tec Security Ltd (Registered number: 11564199)

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

2. ACCOUNTING POLICIES - continued
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.

Going concern
The directors are satisfied that the company has adequate resources to continue to operate for the foreseeable future. They have therefore prepared the financial statements on a going concern basis.

Cyber Tec Security Ltd (Registered number: 11564199)

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

2. ACCOUNTING POLICIES - continued

Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 January 2023
and 31 December 2023 11,768
AMORTISATION
At 1 January 2023
and 31 December 2023 11,768
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

Cyber Tec Security Ltd (Registered number: 11564199)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023
and 31 December 2023 461 616 23,864 24,941
DEPRECIATION
At 1 January 2023 177 553 11,739 12,469
Charge for year 189 63 7,523 7,775
At 31 December 2023 366 616 19,262 20,244
NET BOOK VALUE
At 31 December 2023 95 - 4,602 4,697
At 31 December 2022 284 63 12,125 12,472

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 108 33,560
Other debtors 21,570 102,075
21,678 135,635

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 5,707 5,566
Trade creditors 372 36,749
Taxation and social security 12,560 36,318
Other creditors 127,648 177,692
146,287 256,325

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 33,490 39,195

Cyber Tec Security Ltd (Registered number: 11564199)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued

Included in bank loans in notes 7 and 8 is a combined balance of £39,197 (2022 - £44,761) which is unsecured and guaranteed by the government.

9. OTHER FINANCIAL COMMITMENTS

At 31 December 2023, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £Nil (2022 - £2,665).

Included in the balance sheet are pensions payable of £1,905 (2022 - £1,461). The company participates in a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

Cyber Tec Security Ltd (Registered number: 11564199)

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

10. RELATED PARTY DISCLOSURES

During the year the company made recharges of £21,523 (2022 - £101,761) to Solsoft Group Limited.

Included within creditors is a total balance of £114,790 (2022 - £133,405) owed to Solsoft Group Limited. This balance includes a loan of £114,790 (2022 - £133,405) of which £5,620 (2022 - £7,466) of interest has been charged during the year. The loan is repayable on demand.

During the year the company was recharged costs totalling £39,629 (2022 - £37,407) from Solsoft Group Limited.

Included within debtors is a total balance of £91 (2022 - £5,254) owed from Solsoft Group Limited. Included within this balance is a trade debtors balance of £Nil (2022 - £5,119) and an intercompany balance of £91 (2022 - £135).

During the year the company recharged monthly admin and management charges totalling £556,142 (2022 - £36,326) to Cyber Tec Security Limited (Jersey).

During the year the company made sales of £Nil (2022 - £952) to Cyber Tec Security Limited (Jersey).

Included within creditors is a total balance of £6,581 (2022 - £2,845) owed to Cyber Tec Security Limited (Jersey). Included within this is an intercompany balance of £6,581 (2022 - £2,845).

Included within debtors is a total balance of £Nil (2022 - £58,105) owed from Cyber Tec Security Limited (Jersey). Included within this is a trade debtors balance of £Nil (2022 - £36,326) and an intercompany balance of £Nil (2022 - £21,779).

During the year the company was recharged costs totalling £15,575 (2022 - £2,845) from Cyber Tec Security Limited (Jersey).

During the year the company was recharged costs totalling £Nil (2022 - £210) from RGC (ENG) Ltd.

M D Ralston and L J Ralston are directors of Cyber Tec Security Ltd, Cyber Tec Security Limited (Jersey), Solsoft Group Limited and RGC (ENG) Ltd. C W A Madders is a director of Cyber Tec Security Ltd and Solsoft Group Limited.

During the year the company made purchases of £Nil (2022 - £24,555) from F Ralston.