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REGISTERED NUMBER: 09217395 (England and Wales)









FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

3 IN A SACK LIMITED

3 IN A SACK LIMITED (REGISTERED NUMBER: 09217395)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


3 IN A SACK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTOR: W E Adams





REGISTERED OFFICE: 3A Prowse Place
Camden
NW1 9PH





REGISTERED NUMBER: 09217395 (England and Wales)





ACCOUNTANTS: AEL Markhams
Incorporating Butters Gates & Company
Chartered Accountants
Second Floor
201 Haverstock Hill
London
NW3 4QG

3 IN A SACK LIMITED (REGISTERED NUMBER: 09217395)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 270,680 63,475
270,680 63,475

CURRENT ASSETS
Stocks 128,426 86,770
Debtors 6 203,279 84,386
Cash at bank 615,223 443,932
946,928 615,088
CREDITORS
Amounts falling due within one year 7 656,833 405,422
NET CURRENT ASSETS 290,095 209,666
TOTAL ASSETS LESS CURRENT
LIABILITIES

560,775

273,141

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 560,774 273,140
560,775 273,141

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 June 2025 and were signed by:



W E Adams - Director


3 IN A SACK LIMITED (REGISTERED NUMBER: 09217395)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

3 In A Sack 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.

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax. Revenue is recognoised at the point when the goods is delivered and not at the point of when the sales invoice is raised.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 15% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 3% to 15 % on cost
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3 IN A SACK LIMITED (REGISTERED NUMBER: 09217395)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 January 2024
and 31 December 2024 56,492
AMORTISATION
At 1 January 2024
and 31 December 2024 56,492
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 January 2024 - 69,179 -
Additions 84,669 6,394 102,410
At 31 December 2024 84,669 75,573 102,410
DEPRECIATION
At 1 January 2024 - 43,507 -
Charge for year 12,700 8,016 14,306
At 31 December 2024 12,700 51,523 14,306
NET BOOK VALUE
At 31 December 2024 71,969 24,050 88,104
At 31 December 2023 - 25,672 -

3 IN A SACK LIMITED (REGISTERED NUMBER: 09217395)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2024 72,180 46,204 187,563
Additions 76,020 26,299 295,792
At 31 December 2024 148,200 72,503 483,355
DEPRECIATION
At 1 January 2024 46,886 33,695 124,088
Charge for year 37,050 16,515 88,587
At 31 December 2024 83,936 50,210 212,675
NET BOOK VALUE
At 31 December 2024 64,264 22,293 270,680
At 31 December 2023 25,294 12,509 63,475

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 42,571 58,654
Other debtors 121,350 25,732
Directors' current accounts 39,358 -
203,279 84,386

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 136,768 23,522
Tax 68,357 83,743
VAT 70,448 56,494
Other creditors 128 128
Directors' current accounts - 15,026
Accruals and deferred income 381,132 226,509
656,833 405,422