Cyber Tec Security Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 10

Cyber Tec Security Ltd

Company Information

Directors

L J Ralston C W A Madders M D Ralston

Registered office

Suite 5 Corum 2 Corum Office Park Crown Way Warmley Bristol BS30 8FJ

Registered Number

11564199

Accountants

Verinder Powell Associates Limited Suite 5 Corum 2 Corum Office Park Crown Way Warmley Bristol BS30 8FJ

Cyber Tec Security Ltd

(Registration number: 11564199)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	5	2,668	4,697
Current assets
Debtors	6	10,122	21,678
Cash at bank and in hand		127,116	93,770
		137,238	115,448
Creditors: Amounts falling due within one year	7	(116,429)	(146,287)
Net current assets/(liabilities)		20,809	(30,839)
Total assets less current liabilities		23,477	(26,142)
Creditors: Amounts falling due after more than one year	7	(27,644)	(33,490)
Net liabilities		(4,167)	(59,632)
Capital and reserves
Called up share capital		1	1
Retained earnings		(4,168)	(59,633)
Shareholders' deficit		(4,167)	(59,632)

Cyber Tec Security Ltd

(Registration number: 11564199)
Balance Sheet as at 31 December 2024

For the financial year ending 31 December 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 September 2025 and signed on its behalf by:
 

......................................... M D Ralston Director

Cyber Tec Security Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Suite 5 Corum 2
Corum Office Park
Crown Way
Warmley
Bristol
BS30 8FJ

These financial statements were authorised for issue by the Board on 22 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime). There have been no material departures from the Financial Reporting Standard 102 1A.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The financial statements are prepared in Pounds Sterling (£), and are rounded to the nearest pound.

Going concern

The directors are satisfied that the company has adequate resources to continue to operate for the foreseeable future. They have therefore prepared the financial statements on a going concern basis.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity;
- and specific criteria have been met for each of the company's activities.

Cyber Tec Security Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	50% on cost
Fixtures and fittings	33% on cost
Computer equipment	33% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Cyber Tec Security Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Cyber Tec Security Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 9 (2023 - 12).

4	Intangible assets

	Computer software £	Total £
Cost or valuation
At 1 January 2024	11,768	11,768
At 31 December 2024	11,768	11,768
Amortisation
At 1 January 2024	11,768	11,768
At 31 December 2024	11,768	11,768
Carrying amount
At 31 December 2024	-	-

Cyber Tec Security Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

5	Tangible assets

	Fixtures and fittings £	Plant and machinery £	Computer equipment £	Total £
Cost or valuation
At 1 January 2024	616	461	23,864	24,941
Additions	-	-	2,206	2,206
At 31 December 2024	616	461	26,070	27,147
Depreciation
At 1 January 2024	616	366	19,262	20,244
Charge for the year	-	95	4,140	4,235
At 31 December 2024	616	461	23,402	24,479
Carrying amount
At 31 December 2024	-	-	2,668	2,668
At 31 December 2023	-	95	4,602	4,697

6

Debtors

	2024 £	2023 £
Trade debtors	-	108
Prepayments and accrued income	3,147	5,001
Other debtors	6,975	16,569
	10,122	21,678

Cyber Tec Security Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

7

Creditors

	2024 £	2023 £
Bank borrowings	5,853	5,707
Trade creditors	114	372
Taxation and social security	11,260	12,560
Accruals and deferred income	4,389	3,701
Other creditors	94,813	123,947
	116,429	146,287

 

	Note	2024 £	2023 £
Due after one year
Bank borrowings		27,644	33,490

Included in bank borrowings is a balance of £33,497 (2023 - £39,197) which is unsecured and guaranteed by the government.

8	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £1,664 (2023 - £4,904). At 31 December 2024, the company had total commitments under non-cancellable operating leases over the remaining life of those leases.

Pension commitments

Included in the balance sheet are pensions of £1,689 (2023 - £1,905). The company participates in a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

Cyber Tec Security Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

9	Related party transactions

Summary of transactions with other related parties

During the year the company made recharges of £10,000 (2023 - £21,523) to Solsoft Group Limited.

Included within creditors is a total balance of £76,514 (2023 - £114,790) owed to Solsoft Group Limited. This balance includes a loan of £76,514 (2023 - £114,790) of which £3,671 (2023 - £5,620) of interest has been charged during the year. The loan is repayable on demand.

During the year the company was recharged costs totalling £3,936 (2023 - £39,629) from Solsoft Group Limited.

Included within debtors is a total balance of £Nil (2023 - £91) owed from Solsoft Group Limited.

During the year the company recharged monthly admin and management charges totalling £531,270 (2023 - £556,142) to Cyber Tec Security Limited (Jersey).

Included within creditors is a total balance of £15,010 (2023 - £6,581) owed to Cyber Tec Security Limited (Jersey).

During the year the company was recharged costs totalling £600 (2023 - £15,575) from Cyber Tec Security Limited (Jersey).

M D Ralston and L J Ralston are directors of Cyber Tec Security Ltd, Cyber Tec Security Limited (Jersey), Solsoft Group Limited and RGC (ENG) Ltd. C W A Madders is a director of Cyber Tec Security Ltd and Solsoft Group Limited.