2023-02-012024-01-312024-01-31false117615483PS GROUP 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3PS GROUP LIMITED

Registered Number
11761548
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2024

3PS GROUP LIMITED
Company Information
for the year from 1 February 2023 to 31 January 2024

Director

JACKSON, Eric

Registered Address

55 Bridgemary Road
Gosport
PO13 0UH

Registered Number

11761548 (England and Wales)
3PS GROUP LIMITED
Balance Sheet as at
31 January 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets35,2686,853
5,2686,853
Current assets
Debtors29,47037,229
Cash at bank and on hand5,957533
35,42737,762
Creditors amounts falling due within one year(12,272)(12,996)
Net current assets (liabilities)23,15524,766
Total assets less current liabilities28,42331,619
Net assets28,42331,619
Capital and reserves
Called up share capital11
Profit and loss account28,42231,618
Shareholders' funds28,42331,619
The financial statements were approved and authorised for issue by the Director on 30 October 2024, and are signed on its behalf by:
JACKSON, Eric
Director
Registered Company No. 11761548
3PS GROUP LIMITED
Notes to the Financial Statements
for the year ended 31 January 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 February 237,650
Additions129
At 31 January 247,779
Depreciation and impairment
At 01 February 23797
Charge for year1,740
Other adjustments(26)
At 31 January 242,511
Net book value
At 31 January 245,268
At 31 January 236,853