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Company Registration No. 09037847 (England and Wales)
321Accounts Ltd Unaudited accounts for the year ended 31 March 2024
321Accounts Ltd Unaudited accounts Contents
Page
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321Accounts Ltd Company Information for the year ended 31 March 2024
Director
Robert Jacobs
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
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321Accounts Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
2,224 
19,720 
Tangible assets
2,207 
2,225 
4,431 
21,945 
Current assets
Debtors
398,110 
300,740 
Cash at bank and in hand
23,273 
55,013 
421,383 
355,753 
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 
Capital and reserves
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
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321Accounts Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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 
£ 
Cost
At 1 April 2023
175,000 
At 31 March 2024
175,000 
Amortisation
At 1 April 2023
155,280 
Charge for the year
17,496 
At 31 March 2024
172,776 
Net book value
At 31 March 2024
2,224 
At 31 March 2023
19,720 
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321Accounts Ltd Notes to the Accounts for the year ended 31 March 2024
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2023
11,670 
Additions
1,819 
At 31 March 2024
13,489 
Depreciation
At 1 April 2023
9,445 
Charge for the year
1,837 
At 31 March 2024
11,282 
Net book value
At 31 March 2024
2,207 
At 31 March 2023
2,225 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
27,430 
49,324 
Other debtors
206,423 
251,416 
233,853 
300,740 
Amounts falling due after more than one year
Other debtors
164,257 
- 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
8,156 
- 
VAT
8,212 
13,705 
Trade creditors
292 
- 
Taxes and social security
46,971 
26,788 
63,631 
40,493 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
9,796 
25,911 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
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321Accounts Ltd Notes to the Accounts for the year ended 31 March 2024
10
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Robert Jacobs
151,757 
44,667 
- 
196,424 
151,757 
44,667 
- 
196,424 
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).
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