3RP Ltd Filleted Accounts Cover
3RP Ltd
Company No. 12644647
Information for Filing with The Registrar
30 June 2024
3RP Ltd Directors Report Registrar
The Directors present their report and the accounts for the year ended 30 June 2024.
Principal activities
The principal activity of the company during the year under review was Information Technology Consultancy.
Directors
The Directors who served at any time during the year were as follows:
J. Dent
J. Griffiths
A. Johnson
E. Keene
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
E. Keene
Director
10 March 2025
3RP Ltd Balance Sheet Registrar
at
30 June 2024
Company No.
12644647
Notes
2024
2023
£
£
as restated
Fixed assets
Tangible assets
5
10,56913,985
10,56913,985
Current assets
Debtors
6
334,863323,850
Cash at bank and in hand
395,034271,359
729,897595,209
Creditors: Amount falling due within one year
7
(392,158)
(405,472)
Net current assets
337,739189,737
Total assets less current liabilities
348,308203,722
Provisions for liabilities
Deferred taxation
(2,642)
(3,496)
Net assets
345,666200,226
Capital and reserves
Called up share capital
4040
Share premium account
8
28,96428,964
Profit and loss account
8
316,662171,222
Total equity
345,666200,226
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 30 June 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 10 March 2025 and signed on its behalf by:
E. Keene
Director
10 March 2025
3RP Ltd Notes to the Accounts Registrar
for the year ended 30 June 2024
1
General information
3RP Ltd is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 12644647
Its registered office is:
40-44 Church Street
Reigate
Surrey
RH2 0AJ
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Leased assets
Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to the Company are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the Company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately in profit or loss, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the Company's policy on borrowing costs (see the accounting policy above).

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term.

In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
1712
4
Prior Period Adjustment
3RP Ltd previously applied FRS 105 and was not previously required to recognise deferred tax within the financial statements. As a result, under FRS 102 1A the company is required to recognise deferred tax, subsequently deferred tax of £3,496 has been recognised in the restated comparative figures for the year ended 30 June 2023, and a deferred tax balance of £2,642 has been recognised as at 30 June 2024.
This has resulted in the restated prior year figures showing a retained profit for the year end 30 June 2023 of £340,858.
5
Tangible fixed assets
Fixtures, fittings and equipment
Total
£
£
Cost or revaluation
At 1 July 2023
19,57519,575
Additions
3,7943,794
At 30 June 2024
23,36923,369
Depreciation
At 1 July 2023
5,5905,590
Charge for the year
7,2107,210
At 30 June 2024
12,80012,800
Net book values
At 30 June 2024
10,56910,569
At 30 June 2023
13,985
13,985
6
Debtors
2024
2023
as restated
£
£
Trade debtors
329,507271,303
Prepayments and accrued income
5,35652,547
334,863323,850
7
Creditors:
amounts falling due within one year
2024
2023
as restated
£
£
Trade creditors
7,60116,571
Taxes and social security
239,751
143,561
Loans from directors
10,000315
Other creditors
2,529257
Accruals and deferred income
132,277244,768
392,158405,472
8
Reserves
Share premium account - includes any premiums received on issue of share capital. Any transaction costs associated with the issuing of shares are deducted from share premium.
Profit and loss account - includes all current and prior period retained profits and losses.
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