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Company registration number: 04484249
Tier Link Limited
Unaudited filleted financial statements
31 July 2024
Tier Link Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Tier Link Limited
Directors and other information
Directors A Hemmings
L Carruthers
Company number 04484249
Registered office 6 Vyner Close
Oxton
Birkenhead
Wirral
CH43 7XL
Accountants Hailwood & Co.
392-394 Hoylake Road
Moreton
Wirral
CH46 6DF
Tier Link Limited
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of Tier Link Limited
Year ended 31 July 2024
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 July 2024 which comprise the statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Hailwood & Co.
392-394 Hoylake Road
Moreton
Wirral
CH46 6DF
16 April 2025
Tier Link Limited
Statement of financial position
31 July 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 82 97
_______ _______
82 97
Current assets
Debtors 6 1 15,390
Cash at bank and in hand 67,788 56,745
_______ _______
67,789 72,135
Creditors: amounts falling due
within one year 7 ( 58,804) ( 19,862)
_______ _______
Net current assets 8,985 52,273
_______ _______
Total assets less current liabilities 9,067 52,370
Provisions for liabilities - ( 25)
_______ _______
Net assets 9,067 52,345
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 8,967 52,245
_______ _______
Shareholders funds 9,067 52,345
_______ _______
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 16 April 2025 , and are signed on behalf of the board by:
A Hemmings
Director
Company registration number: 04484249
Tier Link Limited
Notes to the financial statements
Year ended 31 July 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 6 Vyner Close, Oxton, Birkenhead, Wirral, CH43 7XL.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period. 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. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Tangible assets
Tangible assets are initially recorded at cost, and is subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
4. Staff costs
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
The aggregate payroll costs incurred during the year were:
2024 2023
£ £
Wages and salaries 13,117 8,160
_______ _______
5. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 August 2023 and 31 July 2024 4,011 4,011
_______ _______
Depreciation
At 1 August 2023 3,914 3,914
Charge for the year 15 15
_______ _______
At 31 July 2024 3,929 3,929
_______ _______
Carrying amount
At 31 July 2024 82 82
_______ _______
At 31 July 2023 97 97
_______ _______
6. Debtors
2024 2023
£ £
Trade debtors - 15,390
Other debtors 1 -
_______ _______
1 15,390
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Corporation tax 407 904
Social security and other taxes - 3,694
Other creditors 58,397 15,264
_______ _______
58,804 19,862
_______ _______