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
3Q Financial Limited
Company Information
for the year ended 31 July 2023
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
3Q Financial Limited
Statement of financial position
as at 31 July 2023
Cash at bank and in hand
65,409
81,493
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
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
3Q Financial Limited
Notes to the Accounts
for the year ended 31 July 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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.
3Q Financial Limited
Notes to the Accounts
for the year ended 31 July 2023
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Accrued income and prepayments
752
494
Other debtors
10,056
1,080
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
11,117
10,147
Loans from directors
-
111
Deferred income
61,290
43,388
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loans
(112)
91,351
81,363
9,875
8
Average number of employees
During the year the average number of employees was 2 (2022: 1).