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REGISTERED NUMBER: 06286491 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

3MG FIRE PROTECTION LIMITED

3MG FIRE PROTECTION LIMITED (REGISTERED NUMBER: 06286491)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


3MG FIRE PROTECTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 June 2024







DIRECTORS: B L Bicknell
D A Rowe





SECRETARY: Mrs S Bicknell





REGISTERED OFFICE: Unit 17 Rake Industries
Canhouse Lane
Petersfield
Hampshire
GU31 5DU





REGISTERED NUMBER: 06286491 (England and Wales)





ACCOUNTANTS: Traviss & Co Ltd
Chartered Certified Accountants
Newtown House
38 Newtown Road
Liphook
Hampshire
GU30 7DX

3MG FIRE PROTECTION LIMITED (REGISTERED NUMBER: 06286491)

BALANCE SHEET
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 56,500 66,000
Tangible assets 5 45,753 38,011
102,253 104,011

CURRENT ASSETS
Stocks 900 900
Debtors 6 71,373 58,903
Cash at bank 219,088 234,699
291,361 294,502
CREDITORS
Amounts falling due within one year 7 143,890 125,948
NET CURRENT ASSETS 147,471 168,554
TOTAL ASSETS LESS CURRENT
LIABILITIES

249,724

272,565

CREDITORS
Amounts falling due after more than one
year

8

-

(30,847

)

PROVISIONS FOR LIABILITIES (11,219 ) (7,792 )
NET ASSETS 238,505 233,926

CAPITAL AND RESERVES
Called up share capital 199 199
Retained earnings 238,306 233,727
SHAREHOLDERS' FUNDS 238,505 233,926

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

The members have not required the company to obtain an audit of its financial statements for the year 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.

3MG FIRE PROTECTION LIMITED (REGISTERED NUMBER: 06286491)

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 28 November 2024 and were signed on its behalf by:





B L Bicknell - Director


3MG FIRE PROTECTION LIMITED (REGISTERED NUMBER: 06286491)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 June 2024


1. STATUTORY INFORMATION

3MG Fire Protection 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.

Goodwill
Goodwill is be amortised over 10 years from the year of acquisition. Fully amortised goodwill is written off.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

3MG FIRE PROTECTION LIMITED (REGISTERED NUMBER: 06286491)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 June 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
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 year was 9 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 95,000
AMORTISATION
At 1 July 2023 29,000
Charge for year 9,500
At 30 June 2024 38,500
NET BOOK VALUE
At 30 June 2024 56,500
At 30 June 2023 66,000



5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 9,271 11,935 91,190 1,485 113,881
Additions - - 22,995 - 22,995
At 30 June 2024 9,271 11,935 114,185 1,485 136,876
DEPRECIATION
At 1 July 2023 9,271 11,641 53,473 1,485 75,870
Charge for year - 74 15,179 - 15,253
At 30 June 2024 9,271 11,715 68,652 1,485 91,123
NET BOOK VALUE
At 30 June 2024 - 220 45,533 - 45,753
At 30 June 2023 - 294 37,717 - 38,011

3MG FIRE PROTECTION LIMITED (REGISTERED NUMBER: 06286491)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 June 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 68,687 56,376
Other debtors 2,686 2,527
71,373 58,903

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 40,533 16,600
Taxation and social security 91,116 94,273
Other creditors 12,241 15,075
143,890 125,948

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors - 30,847