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REGISTERED NUMBER: 12138835 (England and Wales)











Unaudited Financial Statements

for the Period 1 September 2023 to 30 August 2024

for

THIRTY 1 DEGREES LTD

THIRTY 1 DEGREES LTD (REGISTERED NUMBER: 12138835)

Contents of the Financial Statements
FOR THE PERIOD 1 SEPTEMBER 2023 TO 30 AUGUST 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THIRTY 1 DEGREES LTD

Company Information
FOR THE PERIOD 1 SEPTEMBER 2023 TO 30 AUGUST 2024







DIRECTOR: S R Newton





REGISTERED OFFICE: Bryant House
Bryant Road
Strood
Rochester
Kent
ME2 3EW





REGISTERED NUMBER: 12138835 (England and Wales)





ACCOUNTANTS: Friend & Grant Ltd
Bryant House
Bryant Road
Strood
Rochester
Kent
ME2 3EW

THIRTY 1 DEGREES LTD (REGISTERED NUMBER: 12138835)

Balance Sheet
30 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 5 75,070 -
Tangible assets 6 138,127 123,697
Investments 7 24,822 24,822
238,019 148,519

CURRENT ASSETS
Debtors 8 353,834 207,431
Cash at bank 73,544 378,624
427,378 586,055
CREDITORS
Amounts falling due within one year 9 150,075 333,665
NET CURRENT ASSETS 277,303 252,390
TOTAL ASSETS LESS CURRENT
LIABILITIES

515,322

400,909

CREDITORS
Amounts falling due after more than one
year

10

(26,312

)

(48,787

)

PROVISIONS FOR LIABILITIES (25,556 ) (29,867 )
NET ASSETS 463,454 322,255

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 463,453 322,254
SHAREHOLDERS' FUNDS 463,454 322,255

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30 August 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.

THIRTY 1 DEGREES LTD (REGISTERED NUMBER: 12138835)

Balance Sheet - continued
30 AUGUST 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 26 June 2025 and were signed by:





S R Newton - Director


THIRTY 1 DEGREES LTD (REGISTERED NUMBER: 12138835)

Notes to the Financial Statements
FOR THE PERIOD 1 SEPTEMBER 2023 TO 30 AUGUST 2024


1. STATUTORY INFORMATION

Thirty 1 Degrees Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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 presentation and disclosure requirements of Section 1A applicable to small companies, and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable from the sale of goods or exchange of services, excluding discounts, rebates, value added tax and other sales taxes. Revenue is not recognised when goods or services are exchanged for goods or services that are of a similar nature and value or when the transaction lacks commercial substance.

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

- the company has transferred the significant risks and rewards of ownership to the buyer;
- the company retains neither continuing managerial involvement to the degree usually associated with the ownership nor effective control over the goods sold;
- the amount of revenue can be measured reliably;
- it is probable that the company will receive the consideration due under the transaction;
- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

The percentage of completion method is used to calculate the revenue recognised at the period end.

Revenue from the rendering of services is recognised when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;
- it is probable that the economic benefits associated with the transaction will flow to the entity;
- the stage of completion of the transaction at the end of the reporting period can be measured reliably; and
- the costs incurred for the transaction and the costs to complete the transaction can be measured reliably.

THIRTY 1 DEGREES LTD (REGISTERED NUMBER: 12138835)

Notes to the Financial Statements - continued
FOR THE PERIOD 1 SEPTEMBER 2023 TO 30 AUGUST 2024


3. ACCOUNTING POLICIES - continued

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.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 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 period 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.

Hire purchase and leasing commitments
Assets held under finance lease and hire purchase contracts are capitalised in the balance sheet and depreciated over their expected useful lives. The interest element of the leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease.

All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.

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.

Employee benefits
The company recognises a provision for annual leave accrued by employees as a result of services rendered in current period, and which employees are entitled to carry forward and use within the next 12 months. The provision is measured at the salary cost payable for the period of absence.

Investments
Investments held as fixed assets are shown at cost less provision for impairment.

THIRTY 1 DEGREES LTD (REGISTERED NUMBER: 12138835)

Notes to the Financial Statements - continued
FOR THE PERIOD 1 SEPTEMBER 2023 TO 30 AUGUST 2024


4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2023 - 2 ) .

5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 75,070
At 30 August 2024 75,070
NET BOOK VALUE
At 30 August 2024 75,070

6. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2023 2,042 164,788 60,817 227,647
Additions 4,994 39,595 18,569 63,158
Disposals - - 1,083 1,083
At 30 August 2024 7,036 204,383 80,469 291,888
DEPRECIATION
At 1 September 2023 510 59,324 44,116 103,950
Charge for period 1,631 29,012 18,085 48,728
Eliminated on disposal - - 1,083 1,083
At 30 August 2024 2,141 88,336 63,284 153,761
NET BOOK VALUE
At 30 August 2024 4,895 116,047 17,185 138,127
At 31 August 2023 1,532 105,464 16,701 123,697

THIRTY 1 DEGREES LTD (REGISTERED NUMBER: 12138835)

Notes to the Financial Statements - continued
FOR THE PERIOD 1 SEPTEMBER 2023 TO 30 AUGUST 2024


6. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 September 2023
and 30 August 2024 162,000
DEPRECIATION
At 1 September 2023 58,320
Charge for period 20,736
At 30 August 2024 79,056
NET BOOK VALUE
At 30 August 2024 82,944
At 31 August 2023 103,680

7. FIXED ASSET INVESTMENTS
Other
investment
£   
COST
At 1 September 2023
and 30 August 2024 24,822
NET BOOK VALUE
At 30 August 2024 24,822
At 31 August 2023 24,822

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 14,483 98,340
Other debtors 339,351 109,091
353,834 207,431

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 22,475 20,735
Trade creditors 2,648 14,246
Taxation and social security 64,335 113,874
Other creditors 60,617 184,810
150,075 333,665

THIRTY 1 DEGREES LTD (REGISTERED NUMBER: 12138835)

Notes to the Financial Statements - continued
FOR THE PERIOD 1 SEPTEMBER 2023 TO 30 AUGUST 2024


10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 26,312 48,787

11. OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £40,787 (2023 - £8,750).

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 30 August 2024 and the year ended 31 August 2023:

2024 2023
£    £   
S R Newton
Balance outstanding at start of period (79,816 ) (213 )
Amounts advanced 239,838 11,978
Amounts repaid (9,535 ) (91,581 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 150,487 (79,816 )

The loan from the company to the director is unsecured, and repayable on demand. Interest has been charged on the loan at the official rate per HMRC.