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REGISTERED NUMBER: 08191327 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 SEPTEMBER 2023 TO 30 JUNE 2024

FOR

3GEN CONSTRUCTION LIMITED

3GEN CONSTRUCTION LIMITED (REGISTERED NUMBER: 08191327)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 1 September 2023 to 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


3GEN CONSTRUCTION LIMITED

COMPANY INFORMATION
for the Period 1 September 2023 to 30 June 2024







DIRECTORS: D B Thompson
Z Thompson





REGISTERED OFFICE: 38 Middlehill Road
Colehill
Wimborne
Dorset
BH21 2SE





REGISTERED NUMBER: 08191327 (England and Wales)





ACCOUNTANTS: Enhance
Chartered Accountants & Business Advisers
38 Middlehill Road
Wimborne
Dorset
BH21 2SE

3GEN CONSTRUCTION LIMITED (REGISTERED NUMBER: 08191327)

BALANCE SHEET
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 87,468 26,135
87,468 26,135

CURRENT ASSETS
Stocks 1,500 95,000
Debtors 6 307,329 265,048
Prepayments and accrued income 28,109 12,053
Cash at bank 424,969 127,078
761,907 499,179
CREDITORS
Amounts falling due within one year 7 440,792 271,323
NET CURRENT ASSETS 321,115 227,856
TOTAL ASSETS LESS CURRENT LIABILITIES 408,583 253,991

CREDITORS
Amounts falling due after more than one
year

8

29,239

-
NET ASSETS 379,344 253,991

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 379,340 253,987
SHAREHOLDERS' FUNDS 379,344 253,991

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 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.

3GEN CONSTRUCTION LIMITED (REGISTERED NUMBER: 08191327)

BALANCE SHEET - continued
30 June 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 Board of Directors and authorised for issue on 19 November 2024 and were signed on its behalf by:





D B Thompson - Director


3GEN CONSTRUCTION LIMITED (REGISTERED NUMBER: 08191327)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 1 September 2023 to 30 June 2024

1. STATUTORY INFORMATION

3gen Construction 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 represents net invoiced sales of goods and services, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, has been amortised evenly over its estimated useful life of 10 years.

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 each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance

Stocks
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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the period 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.


3GEN CONSTRUCTION LIMITED (REGISTERED NUMBER: 08191327)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 September 2023 to 30 June 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 period 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 30 June 2024 21,000
AMORTISATION
At 1 September 2023
and 30 June 2024 21,000
NET BOOK VALUE
At 30 June 2024 -
At 31 August 2023 -

3GEN CONSTRUCTION LIMITED (REGISTERED NUMBER: 08191327)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 September 2023 to 30 June 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 97,635
Additions 71,427
At 30 June 2024 169,062
DEPRECIATION
At 1 September 2023 71,500
Charge for period 10,094
At 30 June 2024 81,594
NET BOOK VALUE
At 30 June 2024 87,468
At 31 August 2023 26,135

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 September 2023 71,499
Additions 71,055
Transfer to ownership (71,499 )
At 30 June 2024 71,055
DEPRECIATION
At 1 September 2023 49,754
Charge for period 3,505
Transfer to ownership (49,754 )
At 30 June 2024 3,505
NET BOOK VALUE
At 30 June 2024 67,550
At 31 August 2023 21,745

3GEN CONSTRUCTION LIMITED (REGISTERED NUMBER: 08191327)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 September 2023 to 30 June 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 21,453 1,866
Other debtors 255,530 205,414
VAT 30,346 57,768
307,329 265,048

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 14,049 -
Trade creditors 189,170 220,028
Tax 52,288 38,540
Social security and other taxes 5,365 3,461
Other creditors 5,000 5,000
Credit card 53,856 409
Directors' current accounts 43,357 178
Accrued expenses 77,707 3,707
440,792 271,323

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 29,239 -

9. RELATED PARTY DISCLOSURES

During the year under review the company was repaid £12,934 from Zenn Assets Ltd (2023: £32,657 loaned to Zenn Assets Ltd), a company in which DB Thompson has a controlling interest. The balance owed to the company at the year end was £139,723 (2023: £152,657).The loan is included in Other Debtors.

During the year under review the company loaned £66,343 (2023: £48,967) to Zenn Developments Ltd, a company in which DB & Z Thompson have a controlling interest. The balance owed to the company at the year end was £115,310 (2023: £48,967). The loan is included in Other Debtors.

All amounts owed to the company are unsecured, interest free, have no fixed date of repayment and are repayable on demand.

10. ULTIMATE CONTROLLING PARTY

The company is under the control of its board of directors who between them own 100% of the issued share capital.