Company Registration No. 4385964 (England and Wales)
3Q Industrial Supplies Limited
Unaudited accounts
for the year ended 31 May 2018
3Q Industrial Supplies Limited
Unaudited accounts
Contents
3Q Industrial Supplies Limited
Company Information
for the year ended 31 May 2018
Directors
Gavin Lee Munson
Peter Charles Rose
Company Number
4385964 (England and Wales)
Registered Office
Unit 1, The Drawing Court
Gilbey Road
Grimsby
North East Lincolnshire
DN31 2TN
England
Accountants
D H Tuck & Co Limited
167 Park Street
Cleethorpes
North East Lincolnshire
DN35 7LX
3Q Industrial Supplies Limited
Statement of financial position
as at
31 May 2018
Tangible assets
464,212
253,072
Inventories
207,750
197,500
Cash at bank and in hand
908,043
1,189,544
Creditors: amounts falling due within one year
(661,217)
(745,632)
Net current assets
1,149,414
1,064,941
Total assets less current liabilities
1,613,626
1,318,013
Provisions for liabilities
Deferred tax
(18,366)
(18,366)
Net assets
1,595,260
1,299,647
Called up share capital
100
100
Profit and loss account
1,595,160
1,299,547
Shareholders' funds
1,595,260
1,299,647
For the year ending 31 May 2018 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 13 July 2018.
Gavin Lee Munson
Director
Company Registration No. 4385964
3Q Industrial Supplies Limited
Notes to the Accounts
for the year ended 31 May 2018
3Q Industrial Supplies Limited is a private company, limited by shares, registered in England and Wales, registration number 4385964. The registered office is Unit 1, The Drawing Court, Gilbey Road, Grimsby, North East Lincolnshire, DN31 2TN, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2017
186,000
227,917
52,746
466,663
Additions
228,616
-
-
228,616
At 31 May 2018
414,616
227,917
52,746
695,279
At 1 June 2017
-
176,167
37,424
213,591
Charge for the year
-
13,646
3,830
17,476
At 31 May 2018
-
189,813
41,254
231,067
At 31 May 2018
414,616
38,104
11,492
464,212
At 31 May 2017
186,000
51,750
15,322
253,072
Raw materials
207,750
197,500
3Q Industrial Supplies Limited
Notes to the Accounts
for the year ended 31 May 2018
Trade debtors
613,838
347,529
Other debtors
81,000
76,000
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Creditors: amounts falling due within one year
2018
2017
Trade creditors
282,496
370,494
Taxes and social security
194,418
135,611
Other creditors
3,500
3,400
Loans from directors
180,803
236,127
8
Average number of employees
During the year the average number of employees was 25 (2017: 23).