REGISTERED NUMBER: 12138835 (England and Wales)

Unaudited Financial Statements

for the Period 31 August 2024 to 29 August 2025

for

THIRTY 1 DEGREES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S R Newton

REGISTERED OFFICE:

Bryant House

Bryant Road

Strood

Rochester

Kent

ME2 3EW

REGISTERED NUMBER:

12138835 (England and Wales)

ACCOUNTANTS:

Friend & Grant Ltd

Bryant House

Bryant Road

Strood

Rochester

Kent

ME2 3EW

FIXED ASSETS

Intangible assets

5

351,256

75,070

Tangible assets

6

109,718

138,127

Investments

7

24,822

24,822

485,796

238,019

CURRENT ASSETS

Debtors

8

157,191

353,834

Cash at bank

131,263

73,544

288,454

427,378

CREDITORS

Amounts falling due within one year

9

92,978

150,075

NET CURRENT ASSETS

195,476

277,303

TOTAL ASSETS LESS CURRENT LIABILITIES

681,272

515,322

CREDITORS

Amounts falling due after more than one year

10

(2,097

)

(26,312

)

PROVISIONS FOR LIABILITIES

(19,951

)

(25,556

)

NET ASSETS

659,224

463,454

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

659,223

463,453

SHAREHOLDERS' FUNDS

659,224

463,454

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 August 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 August 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 August 2026 and were signed by:

S R Newton - Director

1.	STATUTORY INFORMATION

Thirty 1 Degrees Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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 presentation and disclosure requirements of Section 1A applicable to small companies, and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable from the sale of goods or exchange of services, excluding discounts, rebates, value added tax and other sales taxes. Revenue is not recognised when goods or services are exchanged for goods or services that are of a similar nature and value or when the transaction lacks commercial substance.

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

- the company has transferred the significant risks and rewards of ownership to the buyer;

- the company retains neither continuing managerial involvement to the degree usually associated with the ownership nor effective control over the goods sold;

- the amount of revenue can be measured reliably;

- it is probable that the company will receive the consideration due under the transaction;

- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

The percentage of completion method is used to calculate the revenue recognised at the period end.

Revenue from the rendering of services is recognised when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;

- it is probable that the economic benefits associated with the transaction will flow to the entity;

- the stage of completion of the transaction at the end of the reporting period can be measured reliably; and

- the costs incurred for the transaction and the costs to complete the transaction can be measured reliably.

Intangible assets

Development costs are recognised as an intangible asset only when the Company can demonstrate all of the following: the technical feasibility of completing the project so that it will be available for use or sale; its intention to complete the project and use or sell it; its ability to use or sell it; how it will generate probable future economic benefits; the availability of adequate technical, financial and other resources to complete its development; and its ability to reliably measure the expenditure attributable to the project during its development.

Development expenditure that does not meet these criteria is recognised as an expense in the period in which it is incurred.

Capitalised development costs are stated at cost less accumulated amortisation and any accumulated impairment losses. No amortisation is charged while a project remains under development and is not yet available for use; instead, such assets are reviewed by the directors for indicators of impairment on an ongoing basis. Amortisation will commence when a project is brought into use, and will be charged on a straight-line basis over its estimated useful economic life, to be determined by the directors at that time.

Development costs capitalised in the year relate to an internally developed project which the directors are satisfied meets the recognition criteria set out above. The project remains under development at the balance sheet date and has not been brought into use, and accordingly no amortisation has been charged in the year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

33% on cost

Taxation

Taxation for the period 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 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 period 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.

Hire purchase and leasing commitments

Assets held under finance lease and hire purchase contracts are capitalised in the balance sheet and depreciated over their expected useful lives. The interest element of the leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease.

All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.

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.

Employee benefits

The company recognises a provision for annual leave accrued by employees as a result of services rendered in current period, and which employees are entitled to carry forward and use within the next 12 months. The provision is measured at the salary cost payable for the period of absence.

Investments

Investments held as fixed assets are shown at cost less provision for impairment.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2024 - 2 ) .

5.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 31 August 2024

75,070

Additions

276,186

At 29 August 2025

351,256

NET BOOK VALUE

At 29 August 2025

351,256

At 30 August 2024

75,070

6.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 31 August 2024

7,036

204,383

80,469

291,888

Additions

2,730

-

9,816

12,546

Disposals

(197

)

(2,613

)

(11,891

)

(14,701

)

At 29 August 2025

9,569

201,770

78,394

289,733

DEPRECIATION

At 31 August 2024

2,141

88,336

63,284

153,761

Charge for period

1,869

22,942

13,197

38,008

Eliminated on disposal

(49

)

(1,275

)

(10,430

)

(11,754

)

At 29 August 2025

3,961

110,003

66,051

180,015

NET BOOK VALUE

At 29 August 2025

5,608

91,767

12,343

109,718

At 30 August 2024

4,895

116,047

17,185

138,127

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 31 August 2024

and 29 August 2025

162,000

DEPRECIATION

At 31 August 2024

79,056

Charge for period

16,589

At 29 August 2025

95,645

NET BOOK VALUE

At 29 August 2025

66,355

At 30 August 2024

82,944

7.	FIXED ASSET INVESTMENTS

Other

investment

£

COST

At 31 August 2024

and 29 August 2025

24,822

NET BOOK VALUE

At 29 August 2025

24,822

At 30 August 2024

24,822

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

8,100

14,483

Other debtors

149,091

339,351

157,191

353,834

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

24,215

22,475

Trade creditors

22,305

2,648

Taxation and social security

33,126

64,335

Other creditors

13,332

60,617

92,978

150,075

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

2,097

26,312

11.	OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £28,030 (2024 - £39,629).

12.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the periods ended 29 August 2025 and 30 August 2024:

2025

2024

£

£

S R Newton

Balance outstanding at start of period

150,487

(79,816

)

Amounts advanced

94,548

239,838

Amounts repaid

(148,534

)

(9,535

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

96,501

150,487

The loan from the company to the director is unsecured and repayable on demand. Interest has been charged on the loan at the official rate per HMRC.