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REGISTERED NUMBER: 11292592 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

3 Shires Marketing Limited

3 Shires Marketing Limited (Registered number: 11292592)

Contents of the Financial Statements
for the Year Ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


3 Shires Marketing Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: C E Ford
A F Ollier





REGISTERED OFFICE: Frog Lane Farm
Frog Lane
Pickmere
Knutsford
Cheshire
WA16 0JG





REGISTERED NUMBER: 11292592 (England and Wales)

3 Shires Marketing Limited (Registered number: 11292592)

Balance Sheet
30 April 2024

30/4/24 30/4/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 178,322 133,388

CURRENT ASSETS
Stocks 29,239 89,689
Debtors 5 568,754 684,534
Cash at bank 3,739 41,995
601,732 816,218
CREDITORS
Amounts falling due within one year 6 754,377 816,015
NET CURRENT (LIABILITIES)/ASSETS (152,645 ) 203
TOTAL ASSETS LESS CURRENT
LIABILITIES

25,677

133,591

CREDITORS
Amounts falling due after more than one
year

7

117,859

108,936
NET (LIABILITIES)/ASSETS (92,182 ) 24,655

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings (92,302 ) 24,535
(92,182 ) 24,655

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

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

3 Shires Marketing Limited (Registered number: 11292592)

Balance Sheet - continued
30 April 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 30 January 2025 and were signed on its behalf by:




C E Ford - Director



A F Ollier - Director


3 Shires Marketing Limited (Registered number: 11292592)

Notes to the Financial Statements
for the Year Ended 30 April 2024


1. STATUTORY INFORMATION

3 Shires Marketing 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.

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.

Going Concern

During the growing season of 2023, the supply of potatoes to meet the contracts became difficult, with growers facing months of heavy rain resulting in delays in lifting the crop with eventual losses. This impacted the profit with them having to source additional supplies from other growers at a cost to the company, reducing the margin made overall.

The directors consider the company to be a going concern and will continue to support the business during this challenging period. The directors believe the business will return to profit in the foreseeable future.

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

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 - 20% on reducing balance and 10% on reducing balance

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

3 Shires Marketing Limited (Registered number: 11292592)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangement entered into. An equity instrument in any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non- current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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 Shires Marketing Limited (Registered number: 11292592)

Notes to the Financial Statements - continued
for the Year Ended 30 April 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 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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

3 Shires Marketing Limited (Registered number: 11292592)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 161,931
Additions 80,864
At 30 April 2024 242,795
DEPRECIATION
At 1 May 2023 28,543
Charge for year 35,930
At 30 April 2024 64,473
NET BOOK VALUE
At 30 April 2024 178,322
At 30 April 2023 133,388

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

Plant and
machinery
etc
£   
COST
At 1 May 2023 112,308
Additions 80,000
At 30 April 2024 192,308
DEPRECIATION
At 1 May 2023 11,231
Charge for year 27,161
At 30 April 2024 38,392
NET BOOK VALUE
At 30 April 2024 153,916
At 30 April 2023 101,077

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Trade debtors 563,367 678,781
Other debtors 5,387 5,753
568,754 684,534

3 Shires Marketing Limited (Registered number: 11292592)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Bank loans and overdrafts 56,045 10,212
Hire purchase contracts 45,942 19,995
Trade creditors 614,612 780,475
Other creditors 37,778 5,333
754,377 816,015

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/4/24 30/4/23
£    £   
Bank loans 10,622 20,622
Hire purchase contracts 107,237 88,314
117,859 108,936

8. SECURED DEBTS

The following secured debts are included within creditors:

30/4/24 30/4/23
£    £   
Hire purchase contracts 153,179 108,309

Hire purchase contracts are secured by a fixed charge over the assets purchased