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Company Registration No. 07353630 (England and Wales)
Tier1 Generations Ltd Unaudited accounts for the year ended 31 August 2024
Tier1 Generations Ltd Unaudited accounts Contents
Page
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Tier1 Generations Ltd Company Information for the year ended 31 August 2024
Director
Mrs Deepti Menon
Company Number
07353630 (England and Wales)
Registered Office
IMPERIAL OFFICES 2 HEIGHAM ROAD LONDON E6 2JG
Accountants
The Tax Bee Accounting Solutions Ltd 12 Henry Walk Dartford DA1 5UZ
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Tier1 Generations Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
23,988 
14,903 
Cash at bank and in hand
341,330 
244,544 
365,318 
259,447 
Creditors: amounts falling due within one year
(458,966)
(398,462)
Net current liabilities
(93,648)
(139,015)
Net liabilities
(93,648)
(139,015)
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
(94,648)
(140,015)
Shareholders' funds
(93,648)
(139,015)
For the year ending 31 August 2024 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 her 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 31 May 2025 and were signed on its behalf by
Mrs Deepti Menon Director Company Registration No. 07353630
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Tier1 Generations Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Tier1 Generations Ltd is a private company, limited by shares, registered in England and Wales, registration number 07353630. The registered office is IMPERIAL OFFICES, 2 HEIGHAM ROAD, LONDON, E6 2JG.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% Straightline Method
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 September 2023
369 
At 31 August 2024
369 
Depreciation
At 1 September 2023
369 
At 31 August 2024
369 
Net book value
At 31 August 2024
- 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
23,988 
14,903 
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Tier1 Generations Ltd Notes to the Accounts for the year ended 31 August 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
11,342 
18,796 
VAT
4,019 
21,942 
Trade creditors
206,099 
123,599 
Taxes and social security
270 
392 
Other creditors
5,007 
6,804 
Loans from directors
231,340 
225,040 
Accruals
889 
1,889 
458,966 
398,462 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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