Double Three Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Double Three Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07507799 . The registered office is 207 Guildford Road, Lightwater, GU18 5RB.

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. Intangible Fixed Assets and Amortisation - Goodwill

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	50 years straight line
Plant & Machinery	25% on cost
Fixtures & Fittings	25% on cost

2.5. Stocks and Work in Progress

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

2.6. Financial Instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

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Double Three Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

2.6. Financial Instruments - continued

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities include creditors and bank loans.

Trade creditors and other creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Interest bearing borrowings are initially measured at fair value, net of transaction costs. Interest bearing borrowings are subsequently carried at amortised cost. Interest expense is recognised on the basis of the effective interest method and included in interest payable.

Borrowings are classified as current unless the company has an unconditional right to defer settlement for at least 12 months after the reporting period.

2.7. 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 statement of comprehensive income 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 timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing 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. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

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

3. Average Number of Employees

Average number of employees, including directors, during the year was: 9 (2024: 10)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 February 2024	42,500

As at 31 January 2025	42,500

Amortisation
As at 1 February 2024	42,500

As at 31 January 2025	42,500

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Double Three Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

Net Book Value
As at 31 January 2025	-

As at 1 February 2024	-

5. Tangible Assets

	Land & Property
	Freehold	Leasehold	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£	£	£
Cost
As at 1 February 2024	351,905	118,231	14,940	7,500	492,576

As at 31 January 2025	351,905	118,231	14,940	7,500	492,576

Depreciation
As at 1 February 2024	64,746	-	14,940	7,500	87,186
Provided during the period	6,837	-	-	-	6,837

As at 31 January 2025	71,583	-	14,940	7,500	94,023

Net Book Value
As at 31 January 2025	280,322	118,231	-	-	398,553

As at 1 February 2024	287,159	118,231	-	-	405,390

6. Stocks

	2025	2024
	£	£
Finished goods	14,511	26,195

7. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	48,982	26,256

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	38,583	41,856
Other creditors	13,467	23,605
Taxation and social security	23,084	5,949

	75,134	71,410

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	278,860	305,955

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Double Three Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

11. Ultimate Controlling Party

The company's ultimate controlling party is Mr K Murukathash

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		398,553		405,390

			398,553		405,390
CURRENT ASSETS
Stocks	6	14,511		26,195
Debtors	7	48,982		26,256
Cash at bank and in hand		14,858		31,138

		78,351		83,589
Creditors: Amounts Falling Due Within One Year	8	(75,134 )		(71,410 )

NET CURRENT ASSETS (LIABILITIES)			3,217		12,179

TOTAL ASSETS LESS CURRENT LIABILITIES			401,770		417,569

Creditors: Amounts Falling Due After More Than One Year	9		(278,860 )		(305,955 )

NET ASSETS			122,910		111,614

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			122,810		111,514

SHAREHOLDERS' FUNDS			122,910		111,614