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REGISTERED NUMBER: 12590521 (England and Wales)












Financial Statements

for the Year Ended 31st May 2023

for

THREE AMIGOS COLLECTIVE LTD

THREE AMIGOS COLLECTIVE LTD (REGISTERED NUMBER: 12590521)

Contents of the Financial Statements
for the year ended 31st May 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THREE AMIGOS COLLECTIVE LTD

Company Information
for the year ended 31st May 2023







DIRECTORS: Mrs S Hughes
S Milner
R Monaghan





REGISTERED OFFICE: 1 Tower House
Tower Centre
Hoddesdon
Hertfordshire
EN11 8UR





REGISTERED NUMBER: 12590521 (England and Wales)





ACCOUNTANTS: Attenboroughs (Accountants) Limited
Chartered Certified Accountants
1 Tower House
Tower Centre
Hoddesdon
Hertfordshire
EN11 8UR

THREE AMIGOS COLLECTIVE LTD (REGISTERED NUMBER: 12590521)

Balance Sheet
31st May 2023

31/5/23 31/5/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,440 7,385

CURRENT ASSETS
Debtors 5 39,830 23,040
Cash at bank 16,147 31,229
55,977 54,269
CREDITORS
Amounts falling due within one year 6 47,627 35,941
NET CURRENT ASSETS 8,350 18,328
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,790

25,713

PROVISIONS FOR LIABILITIES 2,237 1,403
NET ASSETS 14,553 24,310

CAPITAL AND RESERVES
Called up share capital 7 1,002 1,002
Retained earnings 13,551 23,308
SHAREHOLDERS' FUNDS 14,553 24,310

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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.

THREE AMIGOS COLLECTIVE LTD (REGISTERED NUMBER: 12590521)

Balance Sheet - continued
31st May 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 25th January 2024 and were signed on its behalf by:





S Milner - Director


THREE AMIGOS COLLECTIVE LTD (REGISTERED NUMBER: 12590521)

Notes to the Financial Statements
for the year ended 31st May 2023


1. STATUTORY INFORMATION

Three Amigos Collective Ltd 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.

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 fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

THREE AMIGOS COLLECTIVE LTD (REGISTERED NUMBER: 12590521)

Notes to the Financial Statements - continued
for the year ended 31st May 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st June 2022 464 9,740 10,204
Additions 1,119 2,751 3,870
At 31st May 2023 1,583 12,491 14,074
DEPRECIATION
At 1st June 2022 121 2,698 2,819
Charge for year 366 2,449 2,815
At 31st May 2023 487 5,147 5,634
NET BOOK VALUE
At 31st May 2023 1,096 7,344 8,440
At 31st May 2022 343 7,042 7,385

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/23 31/5/22
£    £   
Trade debtors 38,138 20,520
Social security and other taxes - 828
Prepayments 1,692 1,692
39,830 23,040

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/23 31/5/22
£    £   
Trade creditors 3,024 2,469
Tax 26,696 24,151
Social security and other taxes 377 -
VAT 14,117 5,986
Directors' current accounts 2,540 1,869
Accrued expenses 873 1,466
47,627 35,941

THREE AMIGOS COLLECTIVE LTD (REGISTERED NUMBER: 12590521)

Notes to the Financial Statements - continued
for the year ended 31st May 2023


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/5/23 31/5/22
value: £    £   
1,002 Ordinary £1 1,002 1,002