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REGISTERED NUMBER: 07969986 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

3R TECH LIMITED

3R TECH LIMITED (REGISTERED NUMBER: 07969986)

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


3R TECH LIMITED

COMPANY INFORMATION
for the year ended 31 December 2024







DIRECTORS: Mr M R Abram
Mr S Suri





SECRETARY: Mr M R Abram





REGISTERED OFFICE: Sital House
3-6 Cattle Market
Loughborough
Leicestershire
LE11 3DL





REGISTERED NUMBER: 07969986 (England and Wales)





ACCOUNTANTS: Magma Audit LLP
Unit 2 Charnwood Edge Business Park
Syston Road, Leicester
LE7 4UZ
Magma Audit LLP is part
Of the Dains Group

3R TECH LIMITED (REGISTERED NUMBER: 07969986)

BALANCE SHEET
31 December 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 48,787 86,215

CURRENT ASSETS
Stocks and work in progress 15,149 68,231
Debtors 5 269,149 203,961
Cash at bank 17,386 13,653
301,684 285,845
CREDITORS
Amounts falling due within one year 6 (240,278 ) (183,440 )
NET CURRENT ASSETS 61,406 102,405
TOTAL ASSETS LESS CURRENT
LIABILITIES

110,193

188,620

CREDITORS
Amounts falling due after more than one
year

7

(10,119

)

(26,290

)

PROVISIONS FOR LIABILITIES (12,200 ) (15,722 )
NET ASSETS 87,874 146,608

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 87,574 146,308
87,874 146,608

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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 August 2025 and were signed on its behalf by:




Mr S Suri - Director


3R TECH LIMITED (REGISTERED NUMBER: 07969986)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2024


1. STATUTORY INFORMATION

3R Tech Limited is a private limited company, limited by shares, incorporated in England and Wales. Its registered office address is Sital House, 3-6 Cattle Market, Loughborough, Leicestershire, LE11 3DL and the registered number is 07969986.

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 presentation currency of the financial statements is pound sterling (£) and figures are rounded to the nearest £1.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to meets it liabilities as they fall due. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover
Revenue is recognised as contract activity progresses so that for incomplete contracts it reflects the partial performance of the contractual obligations. For such contracts, the amount of revenue reflects the accrual of the right to consideration by reference to the value of work performed. Revenue not billed to clients is included in debtors and payments on account in excess of the relevant amount of revenue are included in creditors.

Tangible fixed assets
Tangible fixed assets are measured at cost and subsequently measured at cost or revaluation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant & machinery10% straight line
Motor vehicles10% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks and work in progress
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

3R TECH LIMITED (REGISTERED NUMBER: 07969986)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate.

Taxation
The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a change attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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 16 (2023 - 15 ) .

3R TECH LIMITED (REGISTERED NUMBER: 07969986)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024


4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2024 25,943 102,957 128,900
Additions 7,182 748 7,930
Disposals - (58,823 ) (58,823 )
At 31 December 2024 33,125 44,882 78,007
DEPRECIATION
At 1 January 2024 12,321 30,364 42,685
Charge for year 2,095 8,549 10,644
Eliminated on disposal - (24,109 ) (24,109 )
At 31 December 2024 14,416 14,804 29,220
NET BOOK VALUE
At 31 December 2024 18,709 30,078 48,787
At 31 December 2023 13,622 72,593 86,215

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 134,614 177,027
Other debtors 4,623 15,940
Tax 7,272 -
Prepayments and accrued income 122,640 10,994
269,149 203,961

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 3,017 6,031
Trade creditors 188,604 87,879
Tax - 9,409
Social security and other taxes 9,651 11,510
VAT 16,040 21,633
Other creditors 5,653 3,435
Amounts owed to associated
companies 4,987 72
Accruals and deferred income 12,326 43,471
240,278 183,440

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 10,119 26,290

3R TECH LIMITED (REGISTERED NUMBER: 07969986)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024


8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 13,136 32,321

Hire purchase contracts are secured upon the assets to which they relate.

9. OTHER FINANCIAL COMMITMENTS

Operating lease payments represent rental expenses incurred by the company for its vehicle fleet. These leases are typically negotiated for terms of 3 years with fixed rental payments throughout the lease term. At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases totalling £41,455.