Company registration number 04832701 (England and Wales)
3Q INDUSTRIAL SUPPLIES (BLACKBURN) LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 26 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
3Q INDUSTRIAL SUPPLIES (BLACKBURN) LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
3Q INDUSTRIAL SUPPLIES (BLACKBURN) LTD
BALANCE SHEET
AS AT
26 DECEMBER 2023
26 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
3,301
3,883
Current assets
Stocks
566
878
Debtors
4
44,734
41,858
Cash at bank and in hand
-
0
6,364
45,300
49,100
Creditors: amounts falling due within one year
5
(74,188)
(73,860)
Net current liabilities
(28,888)
(24,760)
Total assets less current liabilities
(25,587)
(20,877)
Creditors: amounts falling due after more than one year
6
(12,940)
(19,450)
Provisions for liabilities
(825)
(738)
Net liabilities
(39,352)
(41,065)
Capital and reserves
Called up share capital
7
1,000
1,000
Profit and loss reserves
(40,352)
(42,065)
Total equity
(39,352)
(41,065)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 26 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

3Q INDUSTRIAL SUPPLIES (BLACKBURN) LTD
BALANCE SHEET (CONTINUED)
AS AT
26 DECEMBER 2023
26 December 2023
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 24 September 2024
Mr H Osman
Director
Company registration number 04832701 (England and Wales)
3Q INDUSTRIAL SUPPLIES (BLACKBURN) LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 26 DECEMBER 2023
- 3 -
1
Accounting policies
Company information

3Q Industrial Supplies (Blackburn) Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Unit 5A, Ramsgreave Business Park, Pleckgate Road, Blackburn, Lancashire, BB1 8RP.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The company is reliant upon the financial support of its director trueand bank loans in order to meet its liabilities as they fall due. The director has indicated that this support will continue for the foreseeable future and, as a result, has continued to adopt the going concern basis in preparing the financial statements.

1.3
Turnover

Turnover represents amounts receivable for supply of industrial materials net of VAT.

1.4
Tangible fixed assets

Tangible fixed assets are measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
15% reducing balance
Computer equipment
25% reducing balance
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Stocks
Stock is stated at the lower of cost and net realisable value.
1.6
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

3Q INDUSTRIAL SUPPLIES (BLACKBURN) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 26 DECEMBER 2023
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 1 (2022 - 1).

3
Tangible fixed assets
Fixtures, fittings & equipment
Computer equipment
Motor vehicles
Total
£
£
£
£
Cost
At 27 December 2022 and 26 December 2023
32,795
5,668
15,915
54,378
Depreciation and impairment
At 27 December 2022
28,912
5,668
15,915
50,495
Depreciation charged in the year
582
-
0
-
0
582
At 26 December 2023
29,494
5,668
15,915
51,077
Carrying amount
At 26 December 2023
3,301
-
0
-
0
3,301
At 26 December 2022
3,883
-
0
-
0
3,883
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
15,266
24,040
Other debtors
29,468
17,818
44,734
41,858

Other debtors comprise amounts owed by connected company of £29,468 (2022 - £17,818).

5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
8,470
6,349
Trade creditors
16,765
17,496
Taxation and social security
13,969
8,892
Other creditors
34,984
41,123
74,188
73,860

Other creditors comprises director's current account of £28,104 (2022 - £32,554) and accruals of £6,880 (2022 - £8,569).

3Q INDUSTRIAL SUPPLIES (BLACKBURN) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 26 DECEMBER 2023
- 5 -
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
12,940
19,450
7
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
'A' Ordinary shares of £1 each
800
800
800
800
'B' Ordinary shares of £1 each
200
200
200
200
1,000
1,000
1,000
1,000
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