Company Registration No. 4385964 (England and Wales)
3Q Industrial Supplies Limited
Unaudited accounts
for the year ended 31 May 2023
3Q Industrial Supplies Limited
Unaudited accounts
Contents
3Q Industrial Supplies Limited
Company Information
for the year ended 31 May 2023
Directors
Gavin Lee Munson
Peter Charles Rose
Company Number
4385964 (England and Wales)
Registered Office
Unit D Venture Business Park
Gilbey Road
Grimsby
North East Lincolnshire
DN31 2UW
United Kingdom
Accountants
D H Tuck & Co Limited
Fiveways Business Centre
167 Park Street
Cleethorpes
North East Lincolnshire
DN35 7LX
3Q Industrial Supplies Limited
Statement of financial position
as at 31 May 2023
Tangible assets
351,580
376,018
Cash at bank and in hand
2,185,595
2,313,408
Creditors: amounts falling due within one year
(1,534,244)
(2,306,345)
Net current assets
1,437,411
1,643,254
Total assets less current liabilities
1,788,991
2,019,272
Provisions for liabilities
Deferred tax
(31,558)
(71,228)
Net assets
1,757,433
1,948,044
Called up share capital
100
100
Profit and loss account
1,757,333
1,947,944
Shareholders' funds
1,757,433
1,948,044
For the year ending 31 May 2023 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.
The financial statements were approved by the Board of Directors and authorised for issue on 29 June 2023 and were signed on its behalf by
Gavin Lee Munson
Director
Company Registration No. 4385964
3Q Industrial Supplies Limited
Notes to the Accounts
for the year ended 31 May 2023
3Q Industrial Supplies Limited is a private company, limited by shares, registered in England and Wales, registration number 4385964. The registered office is Unit D Venture Business Park, Gilbey Road, Grimsby, North East Lincolnshire, DN31 2UW, United Kingdom.
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 2022
186,000
513,520
44,028
743,548
Additions
-
8,950
26,995
35,945
Disposals
-
-
(21,122)
(21,122)
At 31 May 2023
186,000
522,470
49,901
758,371
At 1 June 2022
-
333,883
33,647
367,530
Charge for the year
-
47,147
8,219
55,366
On disposals
-
-
(16,105)
(16,105)
At 31 May 2023
-
381,030
25,761
406,791
At 31 May 2023
186,000
141,440
24,140
351,580
At 31 May 2022
186,000
179,637
10,381
376,018
3Q Industrial Supplies Limited
Notes to the Accounts
for the year ended 31 May 2023
Amounts falling due within one year
Trade debtors
667,060
1,539,191
Other debtors
41,000
41,000
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
582,435
1,439,257
Taxes and social security
59,491
72,478
Other creditors
10,000
8,000
Loans from directors
746,243
602,031
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Average number of employees
During the year the average number of employees was 28 (2022: 28).