Registered number
11982545
Tier Associates Limited
Filleted Accounts
31 May 2024
Tier Associates Limited
Registered number: 11982545
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,045 1,045
Current assets
Debtors 4 6,100 6,100
Cash at bank and in hand 703 309
6,803 6,409
Creditors: amounts falling due within one year 5 (43,553) (33,604)
Net current liabilities (36,750) (27,195)
Net liabilities (35,705) (26,150)
Capital and reserves
Called up share capital 2 2
Profit and loss account (35,707) (26,152)
Shareholders' funds (35,705) (26,150)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
T E A Tier
Director
Approved by the board on 24 December 2024
Tier Associates Limited
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 June 2023 1,045
At 31 May 2024 1,045
Depreciation
At 31 May 2024 -
Net book value
At 31 May 2024 1,045
At 31 May 2023 1,045
4 Debtors 2024 2023
£ £
Other debtors 6,100 6,100
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs - (854)
Other creditors 43,553 34,458
43,553 33,604
6 Other information
Tier Associates Limited is a private company limited by shares and incorporated in England. Its registered office is:
Chestnut Cottage
Pentridge
Salisbury
Dorset
SP5 5QX
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