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REGISTERED NUMBER: 05446174 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

N3 Enterprises Limited

N3 Enterprises Limited (Registered number: 05446174)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


N3 Enterprises Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: N Charlton





REGISTERED OFFICE: Ground Floor
Rear Barn
The Brookdale Centre
Knutsford
Cheshire
WA16 0SR





REGISTERED NUMBER: 05446174 (England and Wales)





ACCOUNTANTS: EBA
Ground Floor
Rear Barn
The Brookdale Centre
Knutsford
Cheshire
WA16 0SR

N3 Enterprises Limited (Registered number: 05446174)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,244 2,750
1,244 2,750

CURRENT ASSETS
Debtors 6 45,741 55,760
Investments 7 4,956 4,556
Cash at bank 36,715 35,738
87,412 96,054
CREDITORS
Amounts falling due within one year 8 64,279 80,495
NET CURRENT ASSETS 23,133 15,559
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,377

18,309

CREDITORS
Amounts falling due after more than one
year

9

(3,547

)

(6,506

)

PROVISIONS FOR LIABILITIES (310 ) (778 )
NET ASSETS 20,520 11,025

CAPITAL AND RESERVES
Called up share capital 154 154
Retained earnings 20,366 10,871
20,520 11,025

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

N3 Enterprises Limited (Registered number: 05446174)

Balance Sheet - continued
31 March 2024


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 director and authorised for issue on 29 August 2024 and were signed by:





N Charlton - Director


N3 Enterprises Limited (Registered number: 05446174)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

N3 Enterprises 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Domains, websites and goodwill
Domains, websites and goodwill have been amortised over their useful lives.

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 etc - 33% on cost and 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.

N3 Enterprises Limited (Registered number: 05446174)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Domains,
websites
and
goodwill
£
COST
At 1 April 2023
and 31 March 2024 379,171
AMORTISATION
At 1 April 2023
and 31 March 2024 379,171
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 April 2023
and 31 March 2024 11,971
DEPRECIATION
At 1 April 2023 9,221
Charge for year 1,506
At 31 March 2024 10,727
NET BOOK VALUE
At 31 March 2024 1,244
At 31 March 2023 2,750

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£ £
Trade debtors 2,131 2,725
Other debtors 43,610 53,035
45,741 55,760

7. CURRENT ASSET INVESTMENTS
31.3.24 31.3.23
£ £
Unlisted investments 4,956 4,556

N3 Enterprises Limited (Registered number: 05446174)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£ £
Bank loans and overdrafts 2,959 2,886
Amounts owed to group undertakings - 22,109
Taxation and social security 353 4,171
Other creditors 60,967 51,329
64,279 80,495

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£ £
Bank loans 3,547 6,506

10. ULTIMATE CONTROLLING PARTY

The controlling party is N Charlton.