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REGISTERED NUMBER: 07507799 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st January 2024

for

Double Three Ltd

Double Three Ltd (Registered number: 07507799)

Contents of the Financial Statements
for the Year Ended 31st January 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Double Three Ltd

Company Information
for the Year Ended 31st January 2024







DIRECTOR: K Murukathash





REGISTERED OFFICE: 207 Guildford Road
Lightwater
Surrey
GU18 5RB





REGISTERED NUMBER: 07507799 (England and Wales)






Double Three Ltd (Registered number: 07507799)

Balance Sheet
31st January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 405,390 384,382
405,390 384,382

CURRENT ASSETS
Stocks 26,195 28,945
Debtors 6 26,256 55,878
Cash at bank and in hand 31,138 63,629
83,589 148,452
CREDITORS
Amounts falling due within one year 7 71,409 45,883
NET CURRENT ASSETS 12,180 102,569
TOTAL ASSETS LESS CURRENT
LIABILITIES

417,570

486,951

CREDITORS
Amounts falling due after more than one
year

8

305,955

339,539
NET ASSETS 111,615 147,412

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 111,515 147,312
SHAREHOLDERS' FUNDS 111,615 147,412

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Double Three Ltd (Registered number: 07507799)

Balance Sheet - continued
31st January 2024


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 director and authorised for issue on 31st October 2024 and were signed by:





K Murukathash - Director


Double Three Ltd (Registered number: 07507799)

Notes to the Financial Statements
for the Year Ended 31st January 2024


1. STATUTORY INFORMATION

Double Three Ltd 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 represents sale of goods during the year, net of value added tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - Straight line over 50 years
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost

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

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

Double Three Ltd (Registered number: 07507799)

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


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 ·Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Other financial assets
Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities include creditors and bank loans.

Trade creditors and other creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Interest bearing borrowings are initially measured at fair value, net of transaction costs. Interest bearing borrowings are subsequently carried at amortised cost. Interest expense is recognised on the basis of the effective interest method and included in interest payable.

Borrowings are classified as current unless the company has an unconditional right to defer settlement for at least 12 months after the reporting period.

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.


Double Three Ltd (Registered number: 07507799)

Notes to the Financial Statements - continued
for the Year Ended 31st January 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.

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 10 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st February 2023
and 31st January 2024 42,500
AMORTISATION
At 1st February 2023
and 31st January 2024 42,500
NET BOOK VALUE
At 31st January 2024 -
At 31st January 2023 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to Plant and and
property property machinery fittings Totals
£    £    £    £    £   
COST
At 1st February 2023 351,905 90,386 14,940 7,500 464,731
Additions - 27,845 - - 27,845
At 31st January 2024 351,905 118,231 14,940 7,500 492,576
DEPRECIATION
At 1st February 2023 57,909 - 14,940 7,500 80,349
Charge for year 6,837 - - - 6,837
At 31st January 2024 64,746 - 14,940 7,500 87,186
NET BOOK VALUE
At 31st January 2024 287,159 118,231 - - 405,390
At 31st January 2023 293,996 90,386 - - 384,382

Double Three Ltd (Registered number: 07507799)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 26,256 55,878

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 41,855 9,830
Taxation and social security 5,949 5,470
Other creditors 23,605 30,583
71,409 45,883

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 305,955 339,539

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 107,402 163,991

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 305,955 339,539

The bank loan is secured over the freehold property.

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st January 2024 and 31st January 2023:

2024 2023
£    £   
K Murukathash
Balance outstanding at start of year 25,273 23,847
Amounts advanced - 1,426
Amounts repaid (6,979 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 18,294 25,273

11. ULTIMATE CONTROLLING PARTY

The controlling party is K Murukathash.