Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 05997339 Mr Jeremy Sutton Mr David Nauth iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05997339 2023-12-31 05997339 2024-12-31 05997339 2024-01-01 2024-12-31 05997339 frs-core:ComputerEquipment 2024-01-01 2024-12-31 05997339 frs-core:ShareCapital 2024-12-31 05997339 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 05997339 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 05997339 frs-bus:AbridgedAccounts 2024-01-01 2024-12-31 05997339 frs-bus:SmallEntities 2024-01-01 2024-12-31 05997339 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 05997339 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 05997339 frs-bus:Director1 2024-01-01 2024-12-31 05997339 frs-bus:Director1 2023-12-31 05997339 frs-bus:Director1 2024-12-31 05997339 frs-bus:Director2 2024-01-01 2024-12-31 05997339 frs-countries:EnglandWales 2024-01-01 2024-12-31 05997339 2022-12-31 05997339 2023-12-31 05997339 2023-01-01 2023-12-31 05997339 frs-core:ShareCapital 2023-12-31 05997339 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 05997339
3 Minute Mile Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 December 2024
Excellence Accounting Services Limited
70 Gracechurch Street
London
England
EC3V 0HR
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 05997339
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 365 5,629
365 5,629
CURRENT ASSETS
Debtors 525,136 341,827
Cash at bank and in hand 49,734 149,619
574,870 491,446
Creditors: Amounts Falling Due Within One Year (395,672 ) (496,075 )
NET CURRENT ASSETS (LIABILITIES) 179,198 (4,629 )
TOTAL ASSETS LESS CURRENT LIABILITIES 179,563 1,000
NET ASSETS 179,563 1,000
CAPITAL AND RESERVES
Called up share capital 5 1,000 1,000
Profit and Loss Account 178,563 -
SHAREHOLDERS' FUNDS 179,563 1,000
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For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 December 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Jeremy Sutton
Director
Mr David Nauth
Director
21/07/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
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Notes to the Abridged Financial Statements
1. General Information
3 Minute Mile Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05997339 . The registered office is 1 Lyric Square, Lyric Square, London, W6 0NB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.3. Tangible Fixed Assets and Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful
life
Computer Equipment 33% on cost
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
Taxation for the year 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
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. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
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4. Tangible Assets
Total
£
Cost
As at 1 January 2024 27,485
As at 31 December 2024 27,485
Depreciation
As at 1 January 2024 21,856
Provided during the period 5,264
As at 31 December 2024 27,120
Net Book Value
As at 31 December 2024 365
As at 1 January 2024 5,629
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
6. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr Jeremy Sutton 144,186 - - - 232,188
The above loan is unsecured, interest free and repayable on demand.
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