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REGISTERED NUMBER: 09443630 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

3P GROUP LIMITED

3P GROUP LIMITED (REGISTERED NUMBER: 09443630)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


3P GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTOR: R Gardner





REGISTERED OFFICE: Units 7-10
Saturn Business Park
Airfield Industrial Estate
Hixon
Staffordshire
ST18 0PF





REGISTERED NUMBER: 09443630 (England and Wales)





ACCOUNTANTS: Ribchesters
Chartered Accountants
Finchale House
Belmont Business Park
Durham
DH1 1TW

3P GROUP LIMITED (REGISTERED NUMBER: 09443630)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 35,832 45,832
Tangible assets 5 19,339 23,222
55,171 69,054

CURRENT ASSETS
Debtors 6 51,453 36,054
Cash at bank 135,686 133,745
187,139 169,799
CREDITORS
Amounts falling due within one year 7 66,596 74,812
NET CURRENT ASSETS 120,543 94,987
TOTAL ASSETS LESS CURRENT
LIABILITIES

175,714

164,041

PROVISIONS FOR LIABILITIES 4,835 5,806
NET ASSETS 170,879 158,235

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 170,779 158,135
SHAREHOLDERS' FUNDS 170,879 158,235

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

3P GROUP LIMITED (REGISTERED NUMBER: 09443630)

BALANCE SHEET - continued
28 FEBRUARY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 November 2023 and were signed by:





R Gardner - Director


3P GROUP LIMITED (REGISTERED NUMBER: 09443630)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

3P Group 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 represents the fair value of services provided under contracts with customers to the extent that there is a right to consideration. Where a service is incomplete at the year end, turnover represents the value of the service to that date based on an appropriate proportion of the total consideration at completion. Turnover is stated after VAT.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

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

3P GROUP LIMITED (REGISTERED NUMBER: 09443630)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2022
and 28 February 2023 100,000
AMORTISATION
At 1 March 2022 54,168
Charge for year 10,000
At 28 February 2023 64,168
NET BOOK VALUE
At 28 February 2023 35,832
At 28 February 2022 45,832

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022 46,894
Additions 2,159
At 28 February 2023 49,053
DEPRECIATION
At 1 March 2022 23,672
Charge for year 6,042
At 28 February 2023 29,714
NET BOOK VALUE
At 28 February 2023 19,339
At 28 February 2022 23,222

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 51,103 35,723
Other debtors 350 331
51,453 36,054

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 25,688 32,880
Other creditors 40,908 41,932
66,596 74,812

3P GROUP LIMITED (REGISTERED NUMBER: 09443630)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year - 7,119

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

10. RELATED PARTY DISCLOSURES

During the year the director maintained an interest free loan to the company. The balance at the year end was £39,664 (2022: £40,664).