Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2023-07-01falseProviding marketing support services to parent company77true 07134350 2023-07-01 2024-06-30 07134350 2022-07-01 2023-06-30 07134350 2024-06-30 07134350 2023-06-30 07134350 c:Director1 2023-07-01 2024-06-30 07134350 d:ComputerEquipment 2023-07-01 2024-06-30 07134350 d:ComputerEquipment 2024-06-30 07134350 d:ComputerEquipment 2023-06-30 07134350 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 07134350 d:CurrentFinancialInstruments 2024-06-30 07134350 d:CurrentFinancialInstruments 2023-06-30 07134350 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 07134350 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 07134350 d:ShareCapital 2024-06-30 07134350 d:ShareCapital 2023-06-30 07134350 d:RetainedEarningsAccumulatedLosses 2024-06-30 07134350 d:RetainedEarningsAccumulatedLosses 2023-06-30 07134350 c:FRS102 2023-07-01 2024-06-30 07134350 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 07134350 c:FullAccounts 2023-07-01 2024-06-30 07134350 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 07134350 2 2023-07-01 2024-06-30 07134350 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 07134350









TIER-3 SECURITY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
TIER-3 SECURITY LIMITED
REGISTERED NUMBER: 07134350

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,591
4,256

  
2,591
4,256

Current assets
  

Debtors: amounts falling due within one year
 5 
106,659
38,244

Cash at bank and in hand
 6 
6,672
2,666

  
113,331
40,910

Creditors: amounts falling due within one year
 7 
(133,930)
(60,626)

Net current liabilities
  
 
 
(20,599)
 
 
(19,716)

Total assets less current liabilities
  
(18,008)
(15,460)

  

Net liabilities
  
(18,008)
(15,460)

Page 1

 
TIER-3 SECURITY LIMITED
REGISTERED NUMBER: 07134350
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

2024
2023
£
£

Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
(19,008)
(16,460)

  
(18,008)
(15,460)


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 profit and loss account 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: 




E P Woollacott
Director

Date: 20 January 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
TIER-3 SECURITY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Tier-3 Security Limited (the Company) is a company incorporated in the United Kingdom under the Companies Act.
The Company is a private company limited by shares and is registered in England and Wales. The registered office of the Company is Highlands House, Basingstoke Road, Spencers Wood, Reading, Berkshire RG7 1NT.
The principal activities of the Company in the year under review was that of providing marketing support services to its parent company for the sale of network security solutions.
The Company's functional and presentational currency is pounds sterling (GBP) and the financial statements are rounded to the nearest pound (£).

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

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:

Revenue represents amounts charged to the Company's parent under an agreement for sales and marketing support provided, excluding value added tax. Revenue is recognised when chargeable costs are incurred.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
TIER-3 SECURITY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

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.

 
2.7

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, using the straight-line method.

The estimated useful lives range as follows:

Computer equipment
-
3
years

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.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
TIER-3 SECURITY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.9

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.

 
2.10

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.


3.


Employees

2024
2023
£
£

Wages and salaries
850,515
791,083

Social security costs
109,840
104,857

Cost of defined contribution scheme
15,565
14,395

975,920
910,335


The average monthly number of employees, including directors, during the year was 7 (2023 - 7).

Page 5

 
TIER-3 SECURITY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 July 2023
17,317



At 30 June 2024

17,317



Depreciation


At 1 July 2023
13,061


Charge for the year on owned assets
1,665



At 30 June 2024

14,726



Net book value



At 30 June 2024
2,591



At 30 June 2023
4,256

Page 6

 
TIER-3 SECURITY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Debtors

2024
2023
£
£


Other debtors
28,208
15,751

Prepayments and accrued income
78,451
22,493

106,659
38,244



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
6,672
2,666



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
12,997
10,650

Amounts owed to group undertakings
74,248
9,266

Corporation tax
3,046
-

Other taxation and social security
33,107
31,648

Other creditors
3,987
2,937

Accruals and deferred income
6,545
6,125

133,930
60,626



8.


Pension commitments

The Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £15,565 (2023 - £14,395). Contributions totalling £3,987 (2023 - £2,937) were payable to the fund at the balance sheet date and are included in creditors.


9.


Controlling party

The immediate and ultimate parent company is Tier-3 Pty Limited, a private company registered at Level 2, 11 Help Street, Chatswood, New South Wales, 2067 Australia. The ultimate controlling parties are E P Woollacott and G G Sweeney.

 
Page 7