3BIT Studio Limited Accounts






3BIT Studio Limited

	Company No. 06041411
		Information for Filing with The Registrar
		30 December 2024

The Directors present their report and the accounts for the period ended 30 December 2024.

Principal activities
The principal activity of the company during the period under review was provision of I.T services.




Directors

The Directors who served at any time during the period were as follows:

Jatinder Hanspal
Meena Hanspal








































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

Jatinder Hanspal
Director
16 September 2025

at	30 December 2024
Company No.		06041411	Notes	2024	2023
				£	£
Fixed assets

	Tangible assets		4	-	14


				-	14
Current assets

	Debtors		5	14,171	10,029

	Cash at bank and in hand			1,119	6,591
				15,290	16,620
Creditors: Amount falling due within one year			6	(11,023)	(12,836)
Net current assets				4,267	3,784
Total assets less current liabilities				4,267	3,798




Net assets				4,267	3,798

Capital and reserves
	Called up share capital			100	100



	Profit and loss account		8	4,167	3,698

Total equity				4,267	3,798



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the period ended 30 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 16 September 2025 and signed on its behalf by:
Jatinder Hanspal
Director
16 September 2025

for the period ended 30 December 2024

General information

3BIT Studio Limited is a private company limited by shares and incorporated in England and Wales.

Its registered number is: 06041411

Its registered office is:

Its trading address is:

Unit C17

21 Millicent Road

Kestrel Business Centre

West Bridgford

Colwick Industrial Estate

Nottingham

NG4 2JR

NG2 7LD

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Going concern

The financial statements have been prepared on the going concern basis. The directors are not aware of any material threats to the ability of the company to continue to trade for the foreeseeabale future

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Furniture, fittings and equipment

33% Straight line

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Defined contribution pensions

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.

The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Provisions

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.

3	Employees
			2024	2023
			Number	Number
		The average monthly number of employees (including directors) during the period:	2	2

4	Tangible fixed assets
			Fixtures, fittings and equipment	Total
			£	£
		Cost or revaluation
		At 1 January 2024	28,014	28,014




		At 30 December 2024	28,014	28,014
		Depreciation
		At 1 January 2024	28,000	28,000
		Charge for the year	14	14



		At 30 December 2024	28,014	28,014
		Net book values
		At 30 December 2024	-	-
		At 31 December 2023	14	14

5	Debtors
			2024	2023
			£	£
		Trade debtors	14,171	8,913




		Loans to directors	-	1,116


			14,171	10,029

6	Creditors:
		amounts falling due within one year
			2024	2023
			£	£




		Trade creditors	360	-

		Taxes and social security	6,747	7,852
		Loans from directors	3,916	4,984


			11,023	12,836

Share Capital

Share capital consists of 100 Ordinary Shares of £1 each, which are fully paid up.

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

9	Dividends
			2024	2023
			£	£
		Dividends for the period:
		Dividends paid in the period	9,000	9,000

			9,000	9,000

		Dividends by type:

		Equity dividends	9,000	9,000
			9,000	9,000