Relate AccountsProduction v2.7.2 v2.7.2 2022-05-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The company act as agents involved in the sale of clothing. 10 October 2023 NI642873 2023-04-30 NI642873 2022-04-30 NI642873 2021-04-30 NI642873 2022-05-01 2023-04-30 NI642873 2021-05-01 2022-04-30 NI642873 uk-bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 NI642873 uk-curr:PoundSterling 2022-05-01 2023-04-30 NI642873 uk-bus:SmallCompaniesRegimeForAccounts 2022-05-01 2023-04-30 NI642873 uk-bus:FullAccounts 2022-05-01 2023-04-30 NI642873 uk-bus:Director1 2022-05-01 2023-04-30 NI642873 uk-bus:Director2 2022-05-01 2023-04-30 NI642873 uk-bus:RegisteredOffice 2022-05-01 2023-04-30 NI642873 uk-bus:Agent1 2022-05-01 2023-04-30 NI642873 uk-core:ShareCapital 2023-04-30 NI642873 uk-core:ShareCapital 2022-04-30 NI642873 uk-core:RetainedEarningsAccumulatedLosses 2023-04-30 NI642873 uk-core:RetainedEarningsAccumulatedLosses 2022-04-30 NI642873 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-04-30 NI642873 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-04-30 NI642873 uk-bus:FRS102 2022-05-01 2023-04-30 NI642873 uk-core:Goodwill 2022-05-01 2023-04-30 NI642873 uk-core:FurnitureFittingsToolsEquipment 2022-05-01 2023-04-30 NI642873 uk-core:MotorVehicles 2022-05-01 2023-04-30 NI642873 uk-core:Goodwill 2022-04-30 NI642873 uk-core:Goodwill 2023-04-30 NI642873 uk-core:CurrentFinancialInstruments 2023-04-30 NI642873 uk-core:CurrentFinancialInstruments 2022-04-30 NI642873 uk-core:WithinOneYear 2023-04-30 NI642873 uk-core:WithinOneYear 2022-04-30 NI642873 uk-core:WithinOneYear 2023-04-30 NI642873 uk-core:WithinOneYear 2022-04-30 NI642873 uk-core:AfterOneYear 2023-04-30 NI642873 uk-core:AfterOneYear 2022-04-30 NI642873 uk-core:BetweenOneTwoYears 2023-04-30 NI642873 uk-core:BetweenOneTwoYears 2022-04-30 NI642873 uk-core:BetweenTwoFiveYears 2023-04-30 NI642873 uk-core:BetweenTwoFiveYears 2022-04-30 NI642873 2022-05-01 2023-04-30 NI642873 uk-bus:AuditExempt-NoAccountantsReport 2022-05-01 2023-04-30 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Company Registration Number: NI642873
 
 
3030 Ltd
 
Unaudited Financial Statements
 
for the financial year ended 30 April 2023
3030 Ltd
DIRECTOR AND OTHER INFORMATION

 
Directors Robert Robinson (Resigned 10 June 2022)
Avril Robinson
 
 
Company Registration Number NI642873
 
 
Registered Office and Business Address 48 Mount Stewart Road
Newtownards
Co. Down
BT22 2AX
Northern Ireland
 
 
Accountants MG accountants
(Portadown)
25-27 Carleton Street
Portadown
Co. Armagh
BT62 3EP
Northern Ireland
 
 
Bankers Ulster Bank
  1/2 Kings Square, Kings Road
  Belfast
  Co. Antrim
  BT5 7EA
  United Kingdom



3030 Ltd
Company Registration Number: NI642873
BALANCE SHEET
as at 30 April 2023

2023 2022
Notes £ £
 
Fixed Assets
Tangible assets 5 2,231 2,789
───────── ─────────
 
Current Assets
Debtors 6 5,491 27
Cash and cash equivalents 520,040 274,625
───────── ─────────
525,531 274,652
───────── ─────────
Creditors: amounts falling due within one year 7 (132,788) (87,077)
───────── ─────────
Net Current Assets 392,743 187,575
───────── ─────────
Total Assets less Current Liabilities 394,974 190,364
 
Creditors:
amounts falling due after more than one year 8 (29,761) (39,761)
───────── ─────────
Net Assets 365,213 150,603
═════════ ═════════
 
Capital and Reserves
Called up share capital 100 100
Retained earnings 365,113 150,503
───────── ─────────
Equity attributable to owners of the company 365,213 150,603
═════════ ═════════
 
The financial statements have been prepared 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 company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Director's Report.
           
For the financial year ended 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
           
Approved by the Director and authorised for issue on 10 October 2023
           
________________________________          
Avril Robinson          
Director          
           



3030 Ltd
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 30 April 2023

   
1. General Information
 
3030 Ltd is a company limited by shares incorporated in Northern Ireland. The registered office of the company is 48 Mount Stewart Road, Newtownards, Co. Down, BT22 2AX, Northern Ireland which is also the principal place of business of the company. The company act as agents involved in the sale of clothing. The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 30 April 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods provided in the normal course of business , and is shown net of VAT and other sales related taxes . The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods) , the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
 
Intangible assets
 
Goodwill
Purchased goodwill arising on the acquisition of a business represents the excess of the acquisition cost over the fair value of the identifiable net assets including other intangible fixed assets when they were acquired. Purchased goodwill is capitalised in the Balance Sheet and amortised on a straight line basis over its economic useful life of 5 years, which is estimated to be the period during which benefits are expected to arise.  On disposal of a business any goodwill not yet amortised is included in determining the profit or loss on sale of the business.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Fixtures, fittings and equipment - 20% Reducing Balance
  Motor vehicles - 25% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was 4, (2022 - 5).
 
  2023 2022
  Number Number
 
Administrative Staff 3 3
Directors 1 2
  ───────── ─────────
  4 5
  ═════════ ═════════
       
4. Intangible assets
     
  Goodwill Total
  £ £
Cost
At 1 May 2022 100,000 100,000
  ───────── ─────────
 
At 30 April 2023 100,000 100,000
  ───────── ─────────
Amortisation
 
At 30 April 2023 100,000 100,000
  ───────── ─────────
Net book value
At 30 April 2023 - -
  ═════════ ═════════
         
5. Tangible assets
  Fixtures, Motor Total
  fittings and vehicles  
  equipment    
  £ £ £
Cost
At 1 May 2022 9,000 13,500 22,500
  ───────── ───────── ─────────
 
At 30 April 2023 9,000 13,500 22,500
  ───────── ───────── ─────────
Depreciation
At 1 May 2022 6,211 13,500 19,711
Charge for the financial year 558 - 558
  ───────── ───────── ─────────
At 30 April 2023 6,769 13,500 20,269
  ───────── ───────── ─────────
Net book value
At 30 April 2023 2,231 - 2,231
  ═════════ ═════════ ═════════
At 30 April 2022 2,789 - 2,789
  ═════════ ═════════ ═════════
       
6. Debtors 2023 2022
  £ £
 
Other debtors 255 27
Taxation  (Note 9) 5,236 -
  ───────── ─────────
  5,491 27
  ═════════ ═════════
       
7. Creditors 2023 2022
Amounts falling due within one year £ £
 
Bank loan 10,000 10,000
Taxation  (Note 9) 85,696 44,702
Director's current account 33,212 28,495
Accruals 3,880 3,880
  ───────── ─────────
  132,788 87,077
  ═════════ ═════════
       
8. Creditors 2023 2022
Amounts falling due after more than one year £ £
 
Bank loan 29,761 39,761
  ═════════ ═════════
 
Loans
Repayable in one year or less, or on demand (Note 7) 10,000 10,000
Repayable between one and two years 10,000 10,000
Repayable between two and five years 19,761 29,761
  ───────── ─────────
  39,761 49,761
  ═════════ ═════════
 
       
9. Taxation 2023 2022
  £ £
 
Debtors:
VAT 5,236 -
  ═════════ ═════════
Creditors:
VAT - 1,218
Corporation tax 73,889 35,614
PAYE / NI 11,807 7,870
  ───────── ─────────
  85,696 44,702
  ═════════ ═════════
   
10. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.