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Company Registration No. 04350291 (England and Wales)
3RM NETWORKS LIMITED Unaudited accounts for the year ended 31 January 2024
3RM NETWORKS LIMITED Unaudited accounts Contents
Page
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3RM NETWORKS LIMITED Company Information for the year ended 31 January 2024
Director
R K Sidhu
Company Number
04350291 (England and Wales)
Registered Office
1 Hollybush Street Plaistow London E13 9DZ United Kingdom
Accountants
Charterwells Suite 8, 2nd Floor 43-45 High Road Bushey Heath WD23 1EE
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3RM NETWORKS LIMITED Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,467 
5,674 
Current assets
Debtors
13,241 
3,405 
Cash at bank and in hand
14,567 
16,499 
27,808 
19,904 
Creditors: amounts falling due within one year
(17,432)
(22,518)
Net current assets/(liabilities)
10,376 
(2,614)
Total assets less current liabilities
14,843 
3,060 
Provisions for liabilities
Deferred tax
(549)
(549)
Net assets
14,294 
2,511 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
14,292 
2,509 
Shareholders' funds
14,294 
2,511 
For the year ending 31 January 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 director acknowledges his 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 and authorised for issue on 16 October 2024 and were signed on its behalf by
R K Sidhu Director Company Registration No. 04350291
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3RM NETWORKS LIMITED Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
3RM NETWORKS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04350291. The registered office is 1 Hollybush Street, Plaistow, London, E13 9DZ, 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.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% on written down value.
Deferred taxation
Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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3RM NETWORKS LIMITED Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 February 2023
27,552 
Additions
282 
At 31 January 2024
27,834 
Depreciation
At 1 February 2023
21,878 
Charge for the year
1,489 
At 31 January 2024
23,367 
Net book value
At 31 January 2024
4,467 
At 31 January 2023
5,674 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
13,204 
3,368 
Other debtors
37 
37 
13,241 
3,405 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
12,849 
14,434 
Other creditors
- 
5,441 
Loans from directors
3,444 
1,526 
Accruals
1,139 
1,117 
17,432 
22,518 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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