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REGISTERED NUMBER: 12590521 (England and Wales)












Financial Statements

for the Year Ended 31st May 2024

for

THREE AMIGOS COLLECTIVE LTD

THREE AMIGOS COLLECTIVE LTD (REGISTERED NUMBER: 12590521)

Contents of the Financial Statements
for the year ended 31st May 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THREE AMIGOS COLLECTIVE LTD

Company Information
for the year ended 31st May 2024







DIRECTORS: Mrs S Hughes
S Milner
R Hitchcock





REGISTERED OFFICE: 1 Tower House
Tower Centre
Hoddesdon
Hertfordshire
EN11 8UR





REGISTERED NUMBER: 12590521 (England and Wales)





ACCOUNTANTS: Attenboroughs (Accountants) Limited
Chartered Certified Accountants
1 Tower House
Tower Centre
Hoddesdon
Hertfordshire
EN11 8UR

THREE AMIGOS COLLECTIVE LTD (REGISTERED NUMBER: 12590521)

Balance Sheet
31st May 2024

31/5/24 31/5/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,463 8,440

CURRENT ASSETS
Debtors 5 77,728 39,830
Cash at bank 114,497 16,147
192,225 55,977
CREDITORS
Amounts falling due within one year 6 153,468 47,627
NET CURRENT ASSETS 38,757 8,350
TOTAL ASSETS LESS CURRENT
LIABILITIES

51,220

16,790

PROVISIONS FOR LIABILITIES 3,116 2,237
NET ASSETS 48,104 14,553

CAPITAL AND RESERVES
Called up share capital 7 1,002 1,002
Retained earnings 47,102 13,551
SHAREHOLDERS' FUNDS 48,104 14,553

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

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

THREE AMIGOS COLLECTIVE LTD (REGISTERED NUMBER: 12590521)

Balance Sheet - continued
31st May 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 2nd September 2024 and were signed on its behalf by:





S Milner - Director


THREE AMIGOS COLLECTIVE LTD (REGISTERED NUMBER: 12590521)

Notes to the Financial Statements
for the year ended 31st May 2024


1. STATUTORY INFORMATION

Three Amigos Collective 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.

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.

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

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.

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.

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 4 (2023 - 4 ) .

THREE AMIGOS COLLECTIVE LTD (REGISTERED NUMBER: 12590521)

Notes to the Financial Statements - continued
for the year ended 31st May 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st June 2023 1,583 12,491 14,074
Additions 1,841 6,335 8,176
At 31st May 2024 3,424 18,826 22,250
DEPRECIATION
At 1st June 2023 487 5,147 5,634
Charge for year 734 3,419 4,153
At 31st May 2024 1,221 8,566 9,787
NET BOOK VALUE
At 31st May 2024 2,203 10,260 12,463
At 31st May 2023 1,096 7,344 8,440

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Trade debtors 73,588 38,138
Prepayments 4,140 1,692
77,728 39,830

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Trade creditors 18,763 3,024
Tax 57,469 26,696
Social security and other taxes 1,831 377
VAT 42,530 14,117
Other creditors 257 -
Directors' current accounts 3,661 2,540
Deferred income 27,366 -
Accrued expenses 1,591 873
153,468 47,627

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/5/24 31/5/23
value: £    £   
1,002 Ordinary £1 1,002 1,002