Company Registration No. 09037847 (England and Wales)
321Accounts Ltd
Unaudited accounts
for the year ended 31 March 2024
321Accounts Ltd
Unaudited accounts
Contents
321Accounts Ltd
Company Information
for the year ended 31 March 2024
Company Number
09037847 (England and Wales)
Registered Office
152 Coles Green Road
London
NW2 7HD
Accountants
Jacobs & Company
152 Coles Green Road
London
NW2 7HD
321Accounts Ltd
Statement of financial position
as at 31 March 2024
Intangible assets
2,224
19,720
Tangible assets
2,207
2,225
Cash at bank and in hand
23,273
55,013
Creditors: amounts falling due within one year
(63,631)
(40,493)
Net current assets
357,752
315,260
Total assets less current liabilities
362,183
337,205
Creditors: amounts falling due after more than one year
(9,796)
(25,911)
Net assets
352,387
311,294
Called up share capital
100
100
Profit and loss account
352,287
311,194
Shareholders' funds
352,387
311,294
For the year ending 31 March 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 16 March 2025 and were signed on its behalf by
Robert Jacobs
Director
Company Registration No. 09037847
321Accounts Ltd
Notes to the Accounts
for the year ended 31 March 2024
321Accounts Ltd is a private company, limited by shares, registered in England and Wales, registration number 09037847. The registered office is 152 Coles Green Road, London, NW2 7HD.
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 represents the value, net of VAT and discounts, of work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33% on cost
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
4
Intangible fixed assets
Goodwill
Charge for the year
17,496
321Accounts Ltd
Notes to the Accounts
for the year ended 31 March 2024
5
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Trade debtors
27,430
49,324
Other debtors
206,423
251,416
Amounts falling due after more than one year
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
8,156
-
Taxes and social security
46,971
26,788
8
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
321Accounts Ltd
Notes to the Accounts
for the year ended 31 March 2024
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
The loan has no fixed date of repayment. Some Interest was charged at 2.25% and the remaining interest benefit has been reported as a benefit-in-kind.
11
Transactions with related parties
Dividends of £40,000 (2023: £60,000) wer declared and paid in the year.
12
Average number of employees
During the year the average number of employees was 1 (2023: 1).