2022-08-012023-07-312023-07-31false103021483 RETRO 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3 RETRO LTD

Registered Number
10302148
(England and Wales)

Unaudited Financial Statements for the Year ended
31 July 2023

3 RETRO LTD
Company Information
for the year from 1 August 2022 to 31 July 2023

Director

Matthew John Jeffrey

Registered Address

Suite 9 30 Bancroft
Hitchin
SG5 1LE

Registered Number

10302148 (England and Wales)
3 RETRO LTD
Balance Sheet as at
31 July 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets638,060-
38,060-
Current assets
Stocks7149,211204,699
Debtors844,66941,639
Cash at bank and on hand139,511517,457
333,391763,795
Creditors amounts falling due within one year9(271,753)(185,682)
Net current assets (liabilities)61,638578,113
Total assets less current liabilities99,698578,113
Net assets99,698578,113
Capital and reserves
Profit and loss account99,698578,113
Shareholders' funds99,698578,113
The financial statements were approved and authorised for issue by the Director on 18 March 2024, and are signed on its behalf by:
Matthew John Jeffrey
Director
Registered Company No. 10302148
3 RETRO LTD
Notes to the Financial Statements
for the year ended 31 July 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
The principal activity of the company in the year under review was that of e-commerce retail business.
4.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Office Equipment5
Stocks policy
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
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.
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
5.Employee information

20232022
Average number of employees during the year00
6.Property, plant and equipment

Office Equipment

Total

££
Cost or valuation
At 01 August 22513513
Additions43,25043,250
At 31 July 2343,76343,763
Depreciation and impairment
At 01 August 22513513
Charge for year5,1905,190
At 31 July 235,7035,703
Net book value
At 31 July 2338,06038,060
At 31 July 22--
7.Stocks

2023

2022

££
Finished goods149,211204,699
Total149,211204,699
8.Debtors

2023

2022

££
Trade debtors / trade receivables21,97037,078
Other debtors22,6994,561
Total44,66941,639
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.
9.Creditors within one year

2023

2022

££
Trade creditors / trade payables245,617134,263
Taxation and social security12,14935,531
Other creditors860521
Accrued liabilities and deferred income13,12715,367
Total271,753185,682
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.