Acorah Software Products - Accounts Production 16.0.110 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 7747534 Mrs Gail Miller iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 7747534 2023-08-31 7747534 2024-08-31 7747534 2023-09-01 2024-08-31 7747534 frs-core:CurrentFinancialInstruments 2024-08-31 7747534 frs-core:ComputerEquipment 2024-08-31 7747534 frs-core:ComputerEquipment 2023-09-01 2024-08-31 7747534 frs-core:ComputerEquipment 2023-08-31 7747534 frs-core:MotorVehicles 2024-08-31 7747534 frs-core:MotorVehicles 2023-09-01 2024-08-31 7747534 frs-core:MotorVehicles 2023-08-31 7747534 frs-core:ShareCapital 2024-08-31 7747534 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 7747534 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 7747534 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 7747534 frs-bus:SmallEntities 2023-09-01 2024-08-31 7747534 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 7747534 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 7747534 frs-bus:Director1 2023-09-01 2024-08-31 7747534 frs-countries:EnglandWales 2023-09-01 2024-08-31 7747534 2022-08-31 7747534 2023-08-31 7747534 2022-09-01 2023-08-31 7747534 frs-core:CurrentFinancialInstruments 2023-08-31 7747534 frs-core:ShareCapital 2023-08-31 7747534 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 7747534
3R Sustainable Products Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 7747534
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 767 835
767 835
CURRENT ASSETS
Stocks 5 3,000 2,774
Debtors 6 41,680 38,095
Cash at bank and in hand 55,225 17,855
99,905 58,724
Creditors: Amounts Falling Due Within One Year 7 (102,414 ) (59,160 )
NET CURRENT ASSETS (LIABILITIES) (2,509 ) (436 )
TOTAL ASSETS LESS CURRENT LIABILITIES (1,742 ) 399
PROVISIONS FOR LIABILITIES
Deferred Taxation (146 ) (159 )
NET (LIABILITIES)/ASSETS (1,888 ) 240
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (1,988 ) 140
SHAREHOLDERS' FUNDS (1,888) 240
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For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Gail Miller
Director
25/10/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
3R Sustainable Products Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 7747534 . The registered office is 22 HALL ROAD, TRAWDEN, COLNE, LANCASHIRE, BB8 8RQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% straight line
Computer Equipment 25% straight line
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 September 2023 16,083 5,024 21,107
Additions - 738 738
Disposals (4,000 ) - (4,000 )
As at 31 August 2024 12,083 5,762 17,845
Depreciation
As at 1 September 2023 16,083 4,189 20,272
Provided during the period - 806 806
Disposals (4,000 ) - (4,000 )
As at 31 August 2024 12,083 4,995 17,078
Net Book Value
As at 31 August 2024 - 767 767
As at 1 September 2023 - 835 835
5. Stocks
2024 2023
£ £
Stock 3,000 2,774
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 41,650 37,126
Prepayments and accrued income - 299
Other debtors - 594
Other taxes and social security 30 76
41,680 38,095
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 79,922 45,630
Other loans - 23
Corporation tax 3,033 734
VAT 10,458 8,797
Other creditors 853 -
Accruals and deferred income 7,333 3,969
Director's loan account 815 7
102,414 59,160
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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