2023-08-012024-07-312024-07-31false103021483 RETRO 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3 RETRO LTD

Registered Number
10302148
(England and Wales)

Unaudited Financial Statements for the Year ended
31 July 2024

3 RETRO LTD
Company Information
for the year from 1 August 2023 to 31 July 2024

Director

Matthew John Jeffrey

Registered Address

Suite 9 30 Bancroft
Hitchin
SG5 1LE

Registered Number

10302148 (England and Wales)
3 RETRO LTD
Statement of Financial Position
31 July 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets329,41038,060
29,41038,060
Current assets
Stocks4110,121149,211
Debtors27,15544,669
Cash at bank and on hand303,338139,511
440,614333,391
Creditors amounts falling due within one year5(369,143)(271,753)
Net current assets (liabilities)71,47161,638
Total assets less current liabilities100,88199,698
Net assets100,88199,698
Capital and reserves
Profit and loss account100,88199,698
Shareholders' funds100,88199,698
The financial statements were approved and authorised for issue by the Director on 17 February 2025, and are signed on its behalf by:
Matthew John Jeffrey
Director
Registered Company No. 10302148
3 RETRO LTD
Notes to the Financial Statements
for the year ended 31 July 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Office Equipment5
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year00
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 August 2343,76343,763
At 31 July 2443,76343,763
Depreciation and impairment
At 01 August 235,7035,703
Charge for year8,6508,650
At 31 July 2414,35314,353
Net book value
At 31 July 2429,41029,410
At 31 July 2338,06038,060
4.Stocks

2024

2023

££
Finished goods110,121149,211
Total110,121149,211
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables317,625245,617
Taxation and social security25,16212,149
Other creditors969860
Accrued liabilities and deferred income25,38713,127
Total369,143271,753
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.