3LA.COM Limited
Unaudited Financial Statements
For the year ended 31 March 2024
Pages for Filing with Registrar
Company Registration No. 07073473 (England and Wales)
3LA.COM Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 5
3LA.COM Limited
Balance Sheet
As at 31 March 2024
Page 1
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
8,665
14,292
Current assets
Debtors
4
1,368
7,564
Cash at bank and in hand
18,517
69,680
19,885
77,244
Creditors: amounts falling due within one year
5
(6,539)
(17,369)
Net current assets
13,346
59,875
Net assets
22,011
74,167
Capital and reserves
Called up share capital
6
1
1
Profit and loss reserves
22,010
74,166
Total equity
22,011
74,167
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 2 December 2024
R G Banner
Director
Company Registration No. 07073473
3LA.COM Limited
Notes to the Financial Statements
For the year ended 31 March 2024
Page 2
1
Accounting policies
Company information
3LA.COM Limited is a private company limited by shares incorporated in England and Wales. The registered office is Charlotte Building, 17 Gresse Street, London, W1T 1QL.
1.1
Accounting convention
These financial statements have been prepared in accordance with Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
These financial statements are prepared on the going concern basis. The director has confirmed that they will provide financial support to the company, as necessary, for at least the next 12 months from the date of approval of these financial statements. true
1.3
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures, fittings & equipment
20% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
3LA.COM Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2024
1
Accounting policies
(Continued)
Page 3
1.5
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.6
Financial instruments
The company has only basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.
1.7
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
1
1
3LA.COM Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2024
Page 4
3
Tangible fixed assets
Fixtures, fittings & equipment
£
Cost
At 1 April 2023
66,709
Disposals
(42,924)
At 31 March 2024
23,785
Depreciation and impairment
At 1 April 2023
52,417
Depreciation charged in the year
5,627
Eliminated in respect of disposals
(42,924)
At 31 March 2024
15,120
Carrying amount
At 31 March 2024
8,665
At 31 March 2023
14,292
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Corporation tax recoverable
7,564
Other debtors
1,368
-
1,368
7,564
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
576
4,318
Taxation and social security
4,631
Other creditors
963
3,910
Accruals and deferred income
5,000
4,510
6,539
17,369
3LA.COM Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2024
Page 5
6
Called up share capital
2024
2023
Ordinary share capital
£
£
Issued and fully paid
Ordinary Share of £1 each
1
1
1
1
7
Related party transactions
At the year end £963 was due to (2023: £3,910) the director.
8
Parent company
The controlling party is R G Banner by virtue of his 100% shareholding.