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REGISTERED NUMBER: 07452749 (England and Wales)















3EQUALS1 DESIGN LIMITED

Financial Statements

for the Year Ended 30 November 2024






3EQUALS1 DESIGN LIMITED (REGISTERED NUMBER: 07452749)

Contents of the Financial Statements
for the year ended 30 November 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


3EQUALS1 DESIGN LIMITED

Company Information
for the year ended 30 November 2024







Director: M Mahmoudi





Registered office: Unit 121
Cannon Workshops
Cannon Drive
London
E14 4AS





Registered number: 07452749 (England and Wales)






3EQUALS1 DESIGN LIMITED (REGISTERED NUMBER: 07452749)

Balance Sheet
30 November 2024

2024 2023
Notes £ £
Fixed assets
Tangible assets 4 1,058 2,147

Current assets
Debtors 5 66,225 86,486
Cash at bank 6,573 16,378
72,798 102,864
Creditors
Amounts falling due within one year 6 (42,403 ) (55,942 )
Net current assets 30,395 46,922
Total assets less current liabilities 31,453 49,069

Creditors
Amounts falling due after more than one
year

7

(19,829

)

(30,478

)
Net assets 11,624 18,591

Capital and reserves
Called up share capital 1,053 1,053
Retained earnings 10,571 17,538
Shareholders' funds 11,624 18,591

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

3EQUALS1 DESIGN LIMITED (REGISTERED NUMBER: 07452749)

Balance Sheet - continued
30 November 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 director and authorised for issue on 10 April 2025 and were signed by:





M Mahmoudi - Director


3EQUALS1 DESIGN LIMITED (REGISTERED NUMBER: 07452749)

Notes to the Financial Statements
for the year ended 30 November 2024


1. Statutory information

3Equals1 Design Limited 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.

Set out below is a summary of the principal accounting policies, all of which have been applied consistently (except as otherwise stated).

Significant judgements and estimates
In applying the Company's accounting policies, the director is required to make judgements, estimates and assumptions in determining the carrying amounts of assets and liabilities. The director's judgement, estimated and assumptions are based on the best and most reliable evidence available at the time when the decisions are made, and are based on historical experience and other factors that are considered to be applicable. Due to the inherent subjectivity involved in making such judgements, estimates and assumptions, the actual results and outcomes may differ.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods, if the revision affects both current and future periods.

Critical judgements in applying the Company's accounting policies
The critical judgement that the director has made in the process of applying the Company's accounting policies that have the most significant effect on the amounts recognised in the statutory financial statements are discussed below:

(i) Assessing indicators and impairment
In assessing whether there have been any indicators or impairment assets, the director has considered both external and internal sources of information such as market conditions, counterparty credit ratings and experience or recoverability. There have been no indicators or impairments identified during the current financial year.

Turnover
Turnover is measured at the fair value of the consideration or receivable, excluding discounts ,rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

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.

3EQUALS1 DESIGN LIMITED (REGISTERED NUMBER: 07452749)

Notes to the Financial Statements - continued
for the year ended 30 November 2024


2. Accounting policies - continued

Going concern
These financial statements have been prepared on a going concern basis.

The current economic conditions present increased risks for all businesses. In response to such conditions, the director has carefully considered these risks including an assessment on uncertainty on future trading projection for a period of at least 12 months from the date of signing the financial statements, and the extent to which they might affect the preparation of the financial statements on a going concern basis.

Based on assessment, the director considers that the Company maintains an appropriate level of liquidity, sufficient to meet the demands of the business including any capital and servicing obligations and external debt liabilities.

In addition, the Company's assets are assessed for recoverability on a regular basis, and the director considers that the Company is not exposed to losses on these assets which would affect their decision to adopt the going concern basis.

The director has a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and that there are no material uncertainties that lead to significant doubts upon the Company's ability to continue as a going concern. Thus the director has continued to adopt the going concern basis of accounting in preparing these financial statements

Financial instruments
Financial assets and liabilities are recognised when the Company becomes party to the contractual provisions of the financial instrument. The Company holds financial instruments which comprise cash and cash equivalents, trade and other receivables, equity investments, trade and other payables, loans and borrowings. The company has chosen to apply the provisions of Section 11 Basic Financial Instruments and Section 12 Other Financial Instruments in full.

Financial assets / liabilities - classified as basic financial instruments

(i) Cash and cash equivalents
This includes cash in hand, deposits held with banks, and other short-term highly liquid investments with original maturities of three months or less.

(ii) Trade and other receivables
Trade and other receivables are initially recognised at the transaction price, including any transaction costs, and subsequently measured at amortised cost including the effective interest method, less any provision for impairment. Amounts that are receivable within one year are measured at the undiscounted amount of the cash expected to be received, net of any impairment.

At the end of each reporting period, the Company assesses whether there is objective evidence that an receivable amount may be impaired. A provision for impairment is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables. The amount of the provision is the difference between the asset's carrying amount and the present value of the estimated future cash flows, discounted at the effective interest rate. The amount of the provision is recognised immediately in profit or loss.

(iii) Trade and other payables and loans and borrowings
Trade and other payables and loans and borrowings are initially measured at the transaction price, including any transaction price, including any transaction costs, and subsequently measured at amortised cost using the effective interest method.

3EQUALS1 DESIGN LIMITED (REGISTERED NUMBER: 07452749)

Notes to the Financial Statements - continued
for the year ended 30 November 2024


3. Employees and directors

The average number of employees during the year was 5 (2023 - 5 ) .

4. Tangible fixed assets
Computer
equipment
£
Cost
At 1 December 2023 32,136
Additions 1,309
Disposals (15,259 )
At 30 November 2024 18,186
Depreciation
At 1 December 2023 29,989
Charge for year 2,398
Eliminated on disposal (15,259 )
At 30 November 2024 17,128
Net book value
At 30 November 2024 1,058
At 30 November 2023 2,147

5. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 57,770 62,191
Other debtors 4,946 4,946
Accrued income - 14,725
Prepayments 3,509 4,624
66,225 86,486

6. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 5,972 -
Trade creditors 3,895 2,043
Tax 5,440 3,895
Social security and other taxes 190 1,507
VAT 26,906 31,394
Directors' current accounts - 17,103
42,403 55,942

3EQUALS1 DESIGN LIMITED (REGISTERED NUMBER: 07452749)

Notes to the Financial Statements - continued
for the year ended 30 November 2024


7. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans - 1-2 years 19,829 30,478