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REGISTERED NUMBER: 06444120 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

3MIL LIMITED

3MIL LIMITED (REGISTERED NUMBER: 06444120)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


3MIL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: L J Galvin
M H Spencer





REGISTERED OFFICE: 4 St Mark's Place
Wimbledon
London
SW19 7ND





REGISTERED NUMBER: 06444120 (England and Wales)





ACCOUNTANTS: Liles Morris Limited
1st Floor
80 Coombe Road
New Malden
Surrey
KT3 4QS

3MIL LIMITED (REGISTERED NUMBER: 06444120)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,818 3,664
1,818 3,664

CURRENT ASSETS
Debtors 6 28,605 64,797
Cash at bank 71,762 28,083
100,367 92,880
CREDITORS
Amounts falling due within one year 7 (49,486 ) (47,847 )
NET CURRENT ASSETS 50,881 45,033
TOTAL ASSETS LESS CURRENT
LIABILITIES

52,699

48,697

CREDITORS
Amounts falling due after more than one
year

8

(20,340

)

(28,475

)
NET ASSETS 32,359 20,222

CAPITAL AND RESERVES
Called up share capital 2 2
Capital redemption reserve 1 1
Retained earnings 32,356 20,219
SHAREHOLDERS' FUNDS 32,359 20,222

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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.

3MIL LIMITED (REGISTERED NUMBER: 06444120)

BALANCE SHEET - continued
31 MARCH 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 October 2023 and were signed on its behalf by:





L J Galvin - Director


3MIL LIMITED (REGISTERED NUMBER: 06444120)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

3MIL Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fitting - 25%
Computer equipment - 25%

Taxation
Taxation for the year comprises current and deferred tax. 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.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

3MIL LIMITED (REGISTERED NUMBER: 06444120)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2022
and 31 March 2023 6,527
AMORTISATION
At 1 April 2022
and 31 March 2023 6,527
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 1,811 9,878 11,689
DEPRECIATION
At 1 April 2022 1,811 6,214 8,025
Charge for year - 1,846 1,846
At 31 March 2023 1,811 8,060 9,871
NET BOOK VALUE
At 31 March 2023 - 1,818 1,818
At 31 March 2022 - 3,664 3,664

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 28,417 24,797
Other debtors 188 40,000
28,605 64,797

3MIL LIMITED (REGISTERED NUMBER: 06444120)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,536 8,369
Trade creditors 7,270 6,229
Taxation and social security 32,607 32,001
Other creditors 73 1,248
49,486 47,847

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 20,340 28,475

9. RELATED PARTY DISCLOSURES

As at the 31 March 2023, L Galvin, director owed the company £103 (2022 : £20,000) and M Spencer owed the company £84 (2021: £20,000 These loans are interest-free and repayable on demand.