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REGISTERED NUMBER: 13650375 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

3Ways Kitchens & Interiors Ltd

3Ways Kitchens & Interiors Ltd (Registered number: 13650375)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


3Ways Kitchens & Interiors Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mr T A Jenkinson
Mrs C C Jenkinson





REGISTERED OFFICE: Unit 2a Larpool Lane Industrial Estate
Whitby
North Yorkshire
YO22 4LX





REGISTERED NUMBER: 13650375 (England and Wales)





ACCOUNTANTS: Asquith Accountants Ltd
Rowan House
7 West Bank
SCARBOROUGH
North Yorkshire
YO12 4DX

3Ways Kitchens & Interiors Ltd (Registered number: 13650375)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 12,000 16,000
Tangible assets 5 76,971 91,893
88,971 107,893

CURRENT ASSETS
Stocks 5,000 5,000
Debtors 6 670 408
Cash at bank 128,550 52,009
134,220 57,417
CREDITORS
Amounts falling due within one year 7 89,356 84,797
NET CURRENT ASSETS/(LIABILITIES) 44,864 (27,380 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

133,835

80,513

CREDITORS
Amounts falling due after more than one
year

8

(35,784

)

(24,559

)

PROVISIONS FOR LIABILITIES (17,104 ) -
NET ASSETS 80,947 55,954

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 80,847 55,854
80,947 55,954

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

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

3Ways Kitchens & Interiors Ltd (Registered number: 13650375)

Balance Sheet - continued
30 September 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 4 March 2025 and were signed on its behalf by:




Mr T A Jenkinson - Director



Mrs C C Jenkinson - Director


3Ways Kitchens & Interiors Ltd (Registered number: 13650375)

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

1. STATUTORY INFORMATION

3Ways Kitchens & Interiors 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 15% 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.

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.

3Ways Kitchens & Interiors Ltd (Registered number: 13650375)

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

2. ACCOUNTING POLICIES - continued

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 3 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 20,000
AMORTISATION
At 1 October 2023 4,000
Charge for year 4,000
At 30 September 2024 8,000
NET BOOK VALUE
At 30 September 2024 12,000
At 30 September 2023 16,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 116,598
Additions 20,965
Disposals (27,682 )
At 30 September 2024 109,881
DEPRECIATION
At 1 October 2023 24,705
Charge for year 14,478
Eliminated on disposal (6,273 )
At 30 September 2024 32,910
NET BOOK VALUE
At 30 September 2024 76,971
At 30 September 2023 91,893

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Other debtors 670 408

3Ways Kitchens & Interiors Ltd (Registered number: 13650375)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 9,975 11,275
Trade creditors - 1,344
Taxation and social security 31,279 7,533
Other creditors 48,102 64,645
89,356 84,797

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans 35,784 23,392
Hire purchase contracts - 1,167
35,784 24,559