IRIS Accounts Production v24.3.0.553 11960400 Board of Directors Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh119604002023-03-31119604002024-03-31119604002023-04-012024-03-31119604002022-03-31119604002022-04-012023-03-31119604002023-03-3111960400ns15:EnglandWales2023-04-012024-03-3111960400ns14:PoundSterling2023-04-012024-03-3111960400ns10:Director12023-04-012024-03-3111960400ns10:Director22023-04-012024-03-3111960400ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3111960400ns10:SmallEntities2023-04-012024-03-3111960400ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3111960400ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3111960400ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3111960400ns10:FullAccounts2023-04-012024-03-3111960400ns10:RegisteredOffice2023-04-012024-03-3111960400ns5:CurrentFinancialInstruments2024-03-3111960400ns5:CurrentFinancialInstruments2023-03-3111960400ns5:Non-currentFinancialInstruments2024-03-3111960400ns5:Non-currentFinancialInstruments2023-03-3111960400ns5:ShareCapital2024-03-3111960400ns5:ShareCapital2023-03-3111960400ns5:RetainedEarningsAccumulatedLosses2024-03-3111960400ns5:RetainedEarningsAccumulatedLosses2023-03-3111960400ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-03-3111960400ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-03-3111960400ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-03-3111960400ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-03-31
REGISTERED NUMBER: 11960400 (England and Wales)















3B1Y LTD

Unaudited Financial Statements for the Year Ended 31 March 2024






3B1Y LTD (REGISTERED NUMBER: 11960400)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


3B1Y LTD

Company Information
for the Year Ended 31 March 2024







DIRECTORS: R L Gangotra
J S Sahota





REGISTERED OFFICE: 64 Great Hampton Street
Hockley
Birmingham
West Midlands
B18 6EL





REGISTERED NUMBER: 11960400 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

3B1Y LTD (REGISTERED NUMBER: 11960400)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 555,951 500,308
Cash at bank and in hand 8,850 23,058
564,801 523,366
CREDITORS
Amounts falling due within one year 4 501,817 453,050
NET CURRENT ASSETS 62,984 70,316
TOTAL ASSETS LESS CURRENT
LIABILITIES

62,984

70,316

CREDITORS
Amounts falling due after more than one
year

5

104,616

104,042
NET LIABILITIES (41,632 ) (33,726 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (41,634 ) (33,728 )
(41,632 ) (33,726 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

3B1Y LTD (REGISTERED NUMBER: 11960400)

Balance Sheet - continued
31 March 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 2 December 2024 and were signed on its behalf by:




R L Gangotra - Director



J S Sahota - Director


3B1Y LTD (REGISTERED NUMBER: 11960400)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

3B1Y 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

3. EMPLOYEES AND DIRECTORS

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

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 19,631 30,262
Trade creditors 827 27,287
Social security and other taxes (3,841 ) (4,699 )
Other creditors 346,000 261,000
Accrued expenses 139,200 139,200
501,817 453,050

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 19,631 31,244
Bank loans - 2-5 years 84,985 72,798
104,616 104,042