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Company Registration No. 09156597 (England and Wales)
Tirius Ventures Limited Unaudited accounts for the year ended 31 August 2023
Tirius Ventures Limited Unaudited accounts Contents
Page
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Tirius Ventures Limited Company Information for the year ended 31 August 2023
Director
Dr T M Kelly
Company Number
09156597 (England and Wales)
Registered Office
12 CWRT Y PARC, EARLSWOOD ROAD LLANISHEN CARDIFF CF14 5GH WALES
Accountants
williams lester accountants ltd 12 Cwrt Y Parc, Earlswood Road Llanishen Cardiff Cardiff CF14 5GH
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Tirius Ventures Limited Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
10,974 
14,162 
Current assets
Inventories
3,400 
5,428 
Debtors
5,082 
14,069 
Cash at bank and in hand
718 
801 
9,200 
20,298 
Creditors: amounts falling due within one year
(10,835)
(24,405)
Net current liabilities
(1,635)
(4,107)
Total assets less current liabilities
9,339 
10,055 
Creditors: amounts falling due after more than one year
(7,738)
(8,728)
Net assets
1,601 
1,327 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
1,600 
1,326 
Shareholders' funds
1,601 
1,327 
For the year ending 31 August 2023 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 October 2024 and were signed on its behalf by
Dr T M Kelly Director Company Registration No. 09156597
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Tirius Ventures Limited Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
Tirius Ventures Limited is a private company, limited by shares, registered in England and Wales, registration number 09156597. The registered office is 12 CWRT Y PARC, EARLSWOOD ROAD, LLANISHEN, CARDIFF, CF14 5GH, WALES.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 September 2022
24,754 
6,196 
6,012 
36,962 
At 31 August 2023
24,754 
6,196 
6,012 
36,962 
Depreciation
At 1 September 2022
14,877 
2,866 
5,057 
22,800 
Charge for the year
1,975 
666 
547 
3,188 
At 31 August 2023
16,852 
3,532 
5,604 
25,988 
Net book value
At 31 August 2023
7,902 
2,664 
408 
10,974 
At 31 August 2022
9,877 
3,330 
955 
14,162 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
5,082 
14,069 
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Tirius Ventures Limited Notes to the Accounts for the year ended 31 August 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
3,000 
3,000 
Taxes and social security
5,624 
7,186 
Loans from directors
840 
12,432 
Accruals
1,371 
1,787 
10,835 
24,405 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
7,244 
8,273 
Other creditors
494 
455 
7,738 
8,728 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Transactions with related parties
At the balance sheet date, the trade debtors figure includes an amount of £14,279 due from the Director for services provided at market rates on an arms length basis.
10
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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