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REGISTERED NUMBER: 14544215 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 December 2024

for

3RS IT Solutions Ltd

3RS IT Solutions Ltd (Registered number: 14544215)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


3RS IT Solutions Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mr S P W Souch
Mrs L A Souch
Mr E Malvern





REGISTERED OFFICE: Waterside House
Station Road
Irthlingborough
Northamptonshire
NN9 5QF





REGISTERED NUMBER: 14544215 (England and Wales)





ACCOUNTANTS: Clifford Roberts
63 Broad Green
Wellingborough
Northamptonshire
NN8 4LQ

3RS IT Solutions Ltd (Registered number: 14544215)

Balance Sheet
31 December 2024

2024 2023
Notes £ £ £
FIXED ASSETS
Tangible assets 4 15,960 10,275

CURRENT ASSETS
Debtors 5 117,048 52,624
Cash at bank 7,930 24,268
124,978 76,892
CREDITORS
Amounts falling due within one year 6 148,846 77,267
NET CURRENT LIABILITIES (23,868 ) (375 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(7,908

)

9,900

PROVISIONS FOR LIABILITIES 3,990 2,569
NET (LIABILITIES)/ASSETS (11,898 ) 7,331

CAPITAL AND RESERVES
Called up share capital 7 110 2
Retained earnings (12,008 ) 7,329
SHAREHOLDERS' FUNDS (11,898 ) 7,331

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 directors acknowledge their 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.

3RS IT Solutions Ltd (Registered number: 14544215)

Balance Sheet - continued
31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 April 2025 and were signed on its behalf by:





Mr S P W Souch - Director


3RS IT Solutions Ltd (Registered number: 14544215)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

3RS IT Solutions 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.

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.

The financial statements have been prepared on the going concern basis which assumes the continued support of the company's directors and bankers.

Revenue
Turnover represents net invoices sale of goods and services, excluding value added tax.

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

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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

3RS IT Solutions Ltd (Registered number: 14544215)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 January 2024 15,696
Additions 16,217
At 31 December 2024 31,913
DEPRECIATION
At 1 January 2024 5,421
Charge for year 10,532
At 31 December 2024 15,953
NET BOOK VALUE
At 31 December 2024 15,960
At 31 December 2023 10,275

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 55,530 47,169
Other debtors 61,518 5,455
117,048 52,624

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 39,135 17,000
Trade creditors 68,501 14,787
Taxation and social security 16,767 31,442
Other creditors 24,443 14,038
148,846 77,267

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary 1 100 2
10 Ordinary B shares 1 10 -
110 2

3RS IT Solutions Ltd (Registered number: 14544215)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 December 2024 and the period ended 31 December 2023:

2024 2023
£ £
Mr S P W Souch
Balance outstanding at start of year (14 ) -
Amounts advanced 33,491 27,386
Amounts repaid (6,500 ) (27,400 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 26,977 (14 )

Mrs L A Souch
Balance outstanding at start of year (727 ) -
Amounts advanced 35,671 27,273
Amounts repaid (5,500 ) (28,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 29,444 (727 )

Mr E Malvern
Balance outstanding at start of year - -
Amounts advanced 5,098 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,098 -

The directors' overdrawn loan accounts were repaid within 9 months of the company's financial year end.