Company Registration No. 07232893 (England and Wales)
3K Solutions Limited
Unaudited accounts
for the year ended 30 April 2024
3K Solutions Limited
Unaudited accounts
Contents
3K Solutions Limited
Company Information
for the year ended 30 April 2024
Company Number
07232893 (England and Wales)
Registered Office
Trust House
New Augustus Street
Bradford
BD1 5LL
England
Accountants
SAF
53 Campus Road
Listerhill Science Park
Bradford
West Yorkshire
BD7 1HR
3K Solutions Limited
Statement of financial position
as at 30 April 2024
Tangible assets
1,802,446
1,779,357
Cash at bank and in hand
8,749
7,225
Creditors: amounts falling due within one year
(1,726,704)
(1,734,968)
Net current liabilities
(1,665,505)
(1,675,293)
Net assets
136,941
104,064
Called up share capital
3
3
Profit and loss account
136,938
104,061
Shareholders' funds
136,941
104,064
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 January 2025 and were signed on its behalf by
Abid Khan
Director
Company Registration No. 07232893
3K Solutions Limited
Notes to the Accounts
for the year ended 30 April 2024
3K Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 07232893. The registered office is Trust House, New Augustus Street, Bradford, BD1 5LL, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% reducing balance
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
3K Solutions Limited
Notes to the Accounts
for the year ended 30 April 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 May 2023
1,733,284
139,616
1,872,900
At 30 April 2024
1,733,284
169,616
1,902,900
At 1 May 2023
-
93,543
93,543
Charge for the year
-
6,911
6,911
At 30 April 2024
-
100,454
100,454
At 30 April 2024
1,733,284
69,162
1,802,446
At 30 April 2023
1,733,284
46,073
1,779,357
Amounts falling due within one year
Other debtors
52,450
52,450
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
67,031
29,020
Taxes and social security
723
724
Other creditors
1,219,750
1,277,750
Loans from directors
434,329
424,329
Allotted, called up and fully paid:
3 Ordinary shares of £1 each
3
3
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).