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Company Registration No. 4385964 (England and Wales)
3Q Industrial Supplies Limited Unaudited accounts for the year ended 31 May 2024
3Q Industrial Supplies Limited Unaudited accounts Contents
Page
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3Q Industrial Supplies Limited Company Information for the year ended 31 May 2024
Directors
Gavin Lee Munson Peter Charles Rose
Company Number
4385964 (England and Wales)
Registered Office
Unit D Venture Business Park Gilbey Road Grimsby North East Lincolnshire DN31 2UW United Kingdom
Accountants
D H Tuck & Co Limited Fiveways Business Centre 167 Park Street Cleethorpes North East Lincolnshire DN35 7LX
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3Q Industrial Supplies Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
308,288 
351,580 
Current assets
Inventories
74,500 
78,000 
Debtors
855,428 
708,060 
Cash at bank and in hand
1,831,408 
2,185,595 
2,761,336 
2,971,655 
Creditors: amounts falling due within one year
(1,574,239)
(1,534,244)
Net current assets
1,187,097 
1,437,411 
Total assets less current liabilities
1,495,385 
1,788,991 
Provisions for liabilities
Deferred tax
(23,235)
(31,558)
Net assets
1,472,150 
1,757,433 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
1,472,050 
1,757,333 
Shareholders' funds
1,472,150 
1,757,433 
For the year ending 31 May 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 20 June 2024 and were signed on its behalf by
Peter Charles Rose Director Company Registration No. 4385964
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3Q Industrial Supplies Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
3Q Industrial Supplies Limited is a private company, limited by shares, registered in England and Wales, registration number 4385964. The registered office is Unit D Venture Business Park, Gilbey Road, Grimsby, North East Lincolnshire, DN31 2UW, United Kingdom.
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.
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:
Plant & machinery
25%
Motor vehicles
25%
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 June 2023
186,000 
522,470 
49,901 
758,371 
Disposals
- 
- 
(7,995)
(7,995)
At 31 May 2024
186,000 
522,470 
41,906 
750,376 
Depreciation
At 1 June 2023
- 
381,030 
25,761 
406,791 
Charge for the year
- 
35,360 
5,402 
40,762 
On disposals
- 
- 
(5,465)
(5,465)
At 31 May 2024
- 
416,390 
25,698 
442,088 
Net book value
At 31 May 2024
186,000 
106,080 
16,208 
308,288 
At 31 May 2023
186,000 
141,440 
24,140 
351,580 
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3Q Industrial Supplies Limited Notes to the Accounts for the year ended 31 May 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
814,428 
667,060 
Other debtors
41,000 
41,000 
855,428 
708,060 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
133,721 
136,075 
Trade creditors
776,916 
582,435 
Taxes and social security
53,602 
59,491 
Other creditors
10,000 
10,000 
Loans from directors
600,000 
746,243 
1,574,239 
1,534,244 
7
Average number of employees
During the year the average number of employees was 25 (2023: 28).
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