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REGISTERED NUMBER: 04173366 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 March 2024

for

3 Way Building Services Limited

3 Way Building Services Limited (Registered number: 04173366)






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


3 Way Building Services Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: R Poole
R A M Poole





SECRETARY: R Poole





REGISTERED OFFICE: Corner House
28 Huddersfield Road
Newhey
Rochdale
Lancashire
OL16 3QF





REGISTERED NUMBER: 04173366 (England and Wales)





ACCOUNTANTS: Brian Gumbley Accountancy Services Ltd
Corner House
28 Huddersfield Road
Newhey
Rochdale
Lancashire
OL16 3QF

3 Way Building Services Limited (Registered number: 04173366)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 62,231 28,466

CURRENT ASSETS
Stocks 22,614 27,457
Debtors 5 309,939 245,561
Cash at bank and in hand 30,539 35,184
363,092 308,202
CREDITORS
Amounts falling due within one year 6 231,028 166,881
NET CURRENT ASSETS 132,064 141,321
TOTAL ASSETS LESS CURRENT
LIABILITIES

194,295

169,787

CREDITORS
Amounts falling due after more than
one year

7

115,633

115,633
NET ASSETS 78,662 54,154

3 Way Building Services Limited (Registered number: 04173366)

Balance Sheet - continued
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 78,562 54,054
78,662 54,154

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 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.

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 7 July 2024 and were signed on its behalf by:




R Poole - Director



R A M Poole - Director


3 Way Building Services Limited (Registered number: 04173366)

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

1. STATUTORY INFORMATION

3 Way Building Services 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.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


3 Way Building Services Limited (Registered number: 04173366)

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

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 10 ) .

3 Way Building Services Limited (Registered number: 04173366)

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

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 April 2023 - - 12,180
Additions 25,000 6,404 -
At 31 March 2024 25,000 6,404 12,180
DEPRECIATION
At 1 April 2023 - - 11,415
Charge for year - 1,601 191
At 31 March 2024 - 1,601 11,606
NET BOOK VALUE
At 31 March 2024 25,000 4,803 574
At 31 March 2023 - - 765

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 16,178 27,875 7,320 63,553
Additions 3,065 13,333 - 47,802
At 31 March 2024 19,243 41,208 7,320 111,355
DEPRECIATION
At 1 April 2023 13,723 7,509 2,440 35,087
Charge for year 1,380 8,425 2,440 14,037
At 31 March 2024 15,103 15,934 4,880 49,124
NET BOOK VALUE
At 31 March 2024 4,140 25,274 2,440 62,231
At 31 March 2023 2,455 20,366 4,880 28,466

3 Way Building Services Limited (Registered number: 04173366)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.3.24 31.3.23
£    £   
Trade debtors 304,225 245,561
Other debtors 5,714 -
309,939 245,561

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.3.24 31.3.23
£    £   
Trade creditors 107,053 67,486
Amounts owed to participating interests 6,275 17,413
Tax 14,227 16,603
Social security and other taxes 11,021 9,975
VAT 57,151 54,062
Other creditors 3,324 40
Directors' current accounts 727 52
Accrued expenses 31,250 1,250
231,028 166,881

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
31.3.24 31.3.23
£    £   
Other creditors 115,633 115,633