113 Group Ltd


FINANCIAL STATEMENTS


for the year ended 30th September 2024



113 Group Ltd

CONTENTS

for the year ended 30th September 2024







The Accounts are comprised of the following:

Statement of Financial Position

Notes to the Accounts



Please note that the Accounts comprise of HTML and iXBRL source code and that this is a printed or visual representation of that source code some of which will not be displayed or printed.

113 Group Ltd

Company No. 14332634

STATEMENT OF FINANCIAL POSITION

as at 30th September 2024

20242023
Note£££
FIXED ASSETS
Property, plant and equipment4399-
399-
CURRENT ASSETS
Debtors5273846701
Cash at bank and in hand50414838
2788821539
CURRENT LIABILITIES
Creditors: amounts falling due
within one year62576619073
NET CURRENT ASSETS21222466
TOTAL ASSETS LESS CURRENT LIABILITIES25212466
 
Creditors: amounts falling due
after more than one year--
 
NET ASSETS25212466
 
CAPITAL AND RESERVES
Called up share capital11
Retained earnings25202465
SHAREHOLDERS FUNDS25212466

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies which are subject to the small companies' regime. The Income Statement has not been delivered to the Registrar of Companies.

For the year ended 30th September 2024 the Company is entitled to the exemption from the requirement to obtain an audit conferred by section 477 of the Companies Act 2006 and the members have not required the company to obtain an audit in accordance with section 476 of the Act.

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.

Approved by the Board on 18 June 2025


Slack D J

Director

Company Number 14332634 (England)

113 Group Ltd

NOTES TO THE ACCOUNTS

for the year ended 30th September 2024


1   Statutory information

113 Group Ltd is a private company limited by shares and registered under company number 14332634 in England. Its registered office address is 12 Hatherley Road, Sidcup, Kent. DA14 4DT.

These financial statements are presented in Sterling, which is the functional currency of the company.

2   Accounting policies

Basis of preparation of financial statements

The accounts have been prepared under the historical cost convention in accordance with the accounting policies set out below, and in accordance with Financial Reporting Standard 102 Section 1A and the Companies Act 2006.

Income Recognition

Revenue is measured at the fair value of the consideration received or receivable. Turnover is shown net of value added tax, returns, rebates and discounts. Revenue is recognised for the sale of goods when the vendor has transferred the significant risks and rewards of ownership, it is possible that the economic benefit will flow to the entity and the revenue and associated costs can be reliably measured.

Depreciation

Depreciation is provided on all property, plant and equipment, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Plant, machinery and vehicles25% reducing balance

Leasing

Assets, obtained under hire purchase contracts and finance leases, are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.

3   Employee information

The average number of employees during the accounting period was 7 (2023 - 4).

4   Property, plant and equipment
 
Fixtures
and
FittingsTotal
££
Cost
At 1st October 2023 --
Additions532532
At 30th September 2024532532
 
Depreciation
At 1st October 2023 --
Charge for year133133
At 30th September 2024133133
 
Net Book Value
At 30th September 2024399399
At 30th September 2023--

5   Debtors20242023
££
 
Other debtors273846701
273846701

6   Creditors: amounts falling due within one year20242023
££
 
Corporation tax10782578
Taxes and social security costs33396945
Other creditors18051590
Accruals and deferred income98409960
2576619073

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