Registered number
12249759
3134 UK Limited
Report and Financial Statements
31 October 2022
3134 UK Limited
Registered number: 12249759
Director's Report
The director presents his report and financial statements for the year ended 31 October 2022.
Principal activities
The company's principal activity during the period was that of the wholesale provision of fruit and vegetable juices, mineral water and soft drinks.
Directors
The following persons served as directors during the period :
Mr T B Sebatigita
Mr Z Colaso (Resigned 1 January 2023)
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 25 October 2023 and signed on its behalf.
Mr T B Sebatigita
Director
3134 UK Limited
Profit and Loss Account
for the year ended 31 October 2022
2022 2021
£ £
Turnover 6,902,842 6,261,826
Cost of sales (5,685,661) (4,815,273)
Gross profit 1,217,181 1,446,553
Administrative expenses (562,098) (1,420,289)
Operating profit 655,083 26,264
Interest receivable 6 1
Profit on ordinary activities before taxation 655,089 26,265
Tax on profit on ordinary activities 377 (377)
Profit for the financial period 655,466 25,888
3134 UK Limited
Registered number: 12249759
Balance Sheet
as at 31 October 2022
Notes 2022 2021
£ £ £ £
Fixed assets
Tangible assets 3 734,465 51,762
Current assets
Stocks 44,614 32,871
Debtors 4 211,506 191,298
Cash at bank and in hand 42,372 24,856
298,492 249,025
Creditors: amounts falling due within one year 5 (172,877) (156,100)
Net current assets 125,615 92,925
Total assets less current liabilities 860,080 144,687
Creditors: amounts falling due after more than one year 6 (148,780) (88,853)
Net assets 711,300 55,834
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 710,300 54,834
Shareholder's funds 711,300 55,834
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Mr T B Sebatigita
Director
Approved by the board on 25 October 2023
3134 UK Limited
Notes to the Accounts
for the year ended 31 October 2022
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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15% reducing balance basis
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 6 4
3 Tangible fixed assets
Plant and Machinery Total
£ £
Cost
At 1 November 2021 65,746 65,746
Additions 812,314 812,314
At 31 October 2022 878,060 878,060
Depreciation
At 1 November 2021 13,984 13,984
Charge for the year 129,611 129,611
At 31 October 2022 143,595 143,595
Net book value
At 31 October 2022 734,465 734,465
At 31 October 2021 51,762 51,762
4 Debtors 2022 2021
£ £
Trade debtors 207,542 186,471
Other debtors 3,964 4,827
211,506 191,298
5 Creditors: amounts falling due within one year 2022 2021
£ £
Trade creditors 154,267 143,440
Corporation tax - 377
Other taxes and social security costs 11,428 4,867
Other creditors 7,182 7,416
172,877 156,100
6 Creditors: amounts falling due after one year 2022 2021
£ £
Other creditors 148,780 88,853
148,780 88,853
7 Other information
3134 UK Limited is a private company limited by shares and incorporated in England. Its registered office is:
142 International House
Cromwell House
London
SW7 4EF
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