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Company Registration No. 12720518 (England and Wales)
3Q Financial Limited Unaudited accounts for the year ended 31 July 2023
3Q Financial Limited Unaudited accounts Contents
Page
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3Q Financial Limited Company Information for the year ended 31 July 2023
Director
Andrew Myall
Company Number
12720518 (England and Wales)
Registered Office
Base, 60 Barbados Road Bordon Hampshire GU35 0FX England
Accountants
M A Accountancy Group Wolfe Mead Farnham Road Bordon Hampshire GU35 0NH
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3Q Financial Limited Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,504 
684 
Current assets
Debtors
12,083 
1,574 
Cash at bank and in hand
65,409 
81,493 
77,492 
83,067 
Creditors: amounts falling due within one year
(73,367)
(54,702)
Net current assets
4,125 
28,365 
Total assets less current liabilities
6,629 
29,049 
Provisions for liabilities
Deferred tax
(476)
(130)
Net assets
6,153 
28,919 
Capital and reserves
Called up share capital
5,201 
5,201 
Profit and loss account
952 
23,718 
Shareholders' funds
6,153 
28,919 
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 March 2024 and were signed on its behalf by
Andrew Myall Director Company Registration No. 12720518
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3Q Financial Limited Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
3Q Financial Limited is a private company, limited by shares, registered in England and Wales, registration number 12720518. The registered office is Base,, 60 Barbados Road, Bordon, Hampshire, GU35 0FX, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% on reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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3Q Financial Limited Notes to the Accounts for the year ended 31 July 2023
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 August 2022
856 
Additions
2,675 
Disposals
(370)
At 31 July 2023
3,161 
Depreciation
At 1 August 2022
172 
Charge for the year
517 
On disposals
(32)
At 31 July 2023
657 
Net book value
At 31 July 2023
2,504 
At 31 July 2022
684 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,275 
- 
Accrued income and prepayments
752 
494 
Other debtors
10,056 
1,080 
12,083 
1,574 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
- 
96 
Taxes and social security
11,117 
10,147 
Loans from directors
- 
111 
Accruals
960 
960 
Deferred income
61,290 
43,388 
73,367 
54,702 
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Andrew Myall
Loans
(112)
91,351 
81,363 
9,875 
(112)
91,351 
81,363 
9,875 
8
Average number of employees
During the year the average number of employees was 2 (2022: 1).
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