23 false false false false false false false false false false true false false false false false false No description of principal activity 2023-09-01 Sage Accounts Production Advanced 2024 - FRS102_2024 199,850 4,939 204,789 55,096 13,231 68,327 136,462 144,754 xbrli:pure xbrli:shares iso4217:GBP 11543854 2023-09-01 2024-08-31 11543854 2024-08-31 11543854 2023-08-31 11543854 2022-09-01 2023-08-31 11543854 2023-08-31 11543854 2022-08-31 11543854 core:FurnitureFittings 2023-09-01 2024-08-31 11543854 bus:Director1 2023-09-01 2024-08-31 11543854 core:FurnitureFittings 2023-08-31 11543854 core:FurnitureFittings 2024-08-31 11543854 core:WithinOneYear 2024-08-31 11543854 core:WithinOneYear 2023-08-31 11543854 core:AfterOneYear 2024-08-31 11543854 core:AfterOneYear 2023-08-31 11543854 core:ShareCapital 2024-08-31 11543854 core:ShareCapital 2023-08-31 11543854 core:RetainedEarningsAccumulatedLosses 2024-08-31 11543854 core:RetainedEarningsAccumulatedLosses 2023-08-31 11543854 core:FurnitureFittings 2023-08-31 11543854 bus:Director1 2023-08-31 11543854 bus:Director1 2024-08-31 11543854 bus:Director1 2022-08-31 11543854 bus:Director1 2023-08-31 11543854 bus:Director1 2022-09-01 2023-08-31 11543854 bus:SmallEntities 2023-09-01 2024-08-31 11543854 bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 11543854 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 11543854 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 11543854 bus:FullAccounts 2023-09-01 2024-08-31 11543854 core:CloseFamilyMember1 2023-09-01 2024-08-31
COMPANY REGISTRATION NUMBER: 11543854
Three's A Crowd (Harrogate) Ltd
Filleted Unaudited Financial Statements
31 August 2024
Three's A Crowd (Harrogate) Ltd
Statement of Financial Position
31 August 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
136,462
144,754
Current assets
Stocks
17,092
16,023
Debtors
6
116,627
45,820
Cash at bank and in hand
53,049
98,308
---------
---------
186,768
160,151
Creditors: amounts falling due within one year
7
220,214
250,740
---------
---------
Net current liabilities
33,446
90,589
---------
---------
Total assets less current liabilities
103,016
54,165
Creditors: amounts falling due after more than one year
8
123,617
28,279
---------
--------
Net (liabilities)/assets
( 20,601)
25,886
---------
--------
Capital and reserves
Called up share capital
67
67
Profit and loss account
( 20,668)
25,819
--------
--------
Shareholders (deficit)/funds
( 20,601)
25,886
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Three's A Crowd (Harrogate) Ltd
Statement of Financial Position (continued)
31 August 2024
These financial statements were approved by the board of directors and authorised for issue on 30 August 2025 , and are signed on behalf of the board by:
Mr J Quinlan
Director
Company registration number: 11543854
Three's A Crowd (Harrogate) Ltd
Notes to the Financial Statements
Year ended 31 August 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 11 West Park West Park, Threes A Crowd, Harrogate, HG1 1BL.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The company had net liabilities of £20,601, however, there were long term loans of £123,612 not repayable within one year. In view of this the director considers the company is a going concern for the next twelve months.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
20% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 23 (2023: 22 ).
5. Tangible assets
Fixtures and fittings
£
Cost
At 1 September 2023
199,850
Additions
4,939
---------
At 31 August 2024
204,789
---------
Depreciation
At 1 September 2023
55,096
Charge for the year
13,231
---------
At 31 August 2024
68,327
---------
Carrying amount
At 31 August 2024
136,462
---------
At 31 August 2023
144,754
---------
6. Debtors
2024
2023
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
7,773
4,713
Other debtors
108,854
41,107
---------
--------
116,627
45,820
---------
--------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
123,847
119,791
Amounts owed to group undertakings and undertakings in which the company has a participating interest
29,101
Corporation tax
28,327
31,112
Social security and other taxes
60,008
57,813
Other creditors
8,032
12,923
---------
---------
220,214
250,740
---------
---------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
123,612
28,104
Other creditors
5
175
---------
--------
123,617
28,279
---------
--------
9. Financial instruments
For financial instruments measured at fair value, the basis for determining fair value must be disclosed. When a valuation technique is used, the assumptions applied in determining fair value for each class of financial assets or financial liabilities must be disclosed. If a reliable measure of fair value is no longer available for ordinary or preference shares measured at fair value through profit or loss, this must also be disclosed.
10. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Mr J Quinlan
( 175)
170
( 5)
----
----
----
2023
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Mr J Quinlan
( 292)
117
( 175)
----
----
----
11. Related party transactions
There was a director investment of £5 (2023: £175)due back to the director.