3DK Solutions Limited Filleted accounts for Companies House (small and micro)

3DK SOLUTIONS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 04851955

3DK SOLUTIONS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 July 2019

3DK SOLUTIONS LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 JULY 2019

Contents	Pages

Balance sheet 1 to 2

Notes to the financial statements 3 to 7

3DK SOLUTIONS LIMITED

BALANCE SHEET

31 July 2019

	2019	2018
Note	£	£

Fixed assets

Tangible assets	5	525,806	48,290
Investments	6	10,913	121,307
		------------	------------
		536,719	169,597

Current assets

Debtors	7	131,765	119,315
Investments	8	108,236	133,568
Cash at bank and in hand		202,285	223,381
		------------	------------
		442,286	476,264

Creditors: amounts falling due within one year	9	256,780	111,151
		------------	------------
Net current assets		185,506	365,113
		------------	------------
Total assets less current liabilities		722,225	534,710

Provisions

Taxation including deferred tax	10	9,275	9,175
		------------	------------
Net assets		712,950	525,535
		------------	------------

Capital and reserves

Called up share capital	12	150	150
Profit and loss account		712,800	525,385
		------------	------------
Shareholders funds		712,950	525,535
		------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.

For the year ending 31 July 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

3DK SOLUTIONS LIMITED

BALANCE SHEET (continued)

31 July 2019

These financial statements were approved by the board of directors and authorised for issue on 20 January 2020 , and are signed on behalf of the board by:

P Johnson
Director

Company registration number: 04851955

3DK SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 JULY 2019

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 50 Goldcliff Close, Callands, Warrington, Cheshire, WA5 9EP.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover represents the value of services provided net of value added tax.

Taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occured at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the rates that are expected to apply in the periods in which the timing differences reverse, based on the rates and laws enacted or substantively enacted at the balance sheet date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	2% straight line
Fixtures and fittings	-	25% reducing balance
Motor vehicles	-	25% reducing balance
Computer equipment	-	33% straight line

Investments

Fixed asset investments are stated at fair value with changes in valuation being recognised in the profit and loss account. Current asset investments are stated at cost less any provision for impairment.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the balance sheet and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Defined contribution plans

The company operates defined contribution pension schemes. The amount charged to the profit and loss account in respect of pension costs is the contributions payable in the year.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2018: 5 ).

5. Tangible assets

	Land and buildings	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 August 2018	–	3,357	59,950	19,965	83,272
Additions	480,193	13,416	–	1,079	494,688
	------------	------------	------------	------------	------------
At 31 July 2019	480,193	16,773	59,950	21,044	577,960
	------------	------------	------------	------------	------------
Depreciation
At 1 August 2018	–	2,733	14,987	17,262	34,982
Charge for the year	3,202	933	11,241	1,796	17,172
	------------	------------	------------	------------	------------
At 31 July 2019	3,202	3,666	26,228	19,058	52,154
	------------	------------	------------	------------	------------
Carrying amount
At 31 July 2019	476,991	13,107	33,722	1,986	525,806
	------------	------------	------------	------------	------------
At 31 July 2018	–	624	44,963	2,703	48,290
	------------	------------	------------	------------	------------

6. Investments

	Other investments other than loans
	£
Cost
At 1 August 2018	121,307
Additions	9,604
Disposals	( 114,560)
Revaluations	( 5,438)
	------------
At 31 July 2019	10,913
	------------
Impairment
At 1 August 2018 and 31 July 2019	–
	------------

Carrying amount
At 31 July 2019	10,913
	------------
At 31 July 2018	121,307
	------------

7. Debtors

	2019	2018
	£	£
Trade debtors	131,525	119,315
Prepayments and accrued income	240	–
	------------	------------
	131,765	119,315
	------------	------------

8. Investments

	2019	2018
	£	£
Investment Plans	98,300	123,632
Gold bullion	9,936	9,936
	------------	------------
	108,236	133,568
	------------	------------

There is no material difference between the market value and carrying value of the investments and they are recorded at cost.

9. Creditors: amounts falling due within one year

	2019	2018
	£	£
Trade creditors	2,958	2,452
Accruals and deferred income	34,653	34,256
Corporation tax	62,044	36,266
Social security and other taxes	50,728	36,264
Director loan accounts	106,397	1,913
	------------	------------
	256,780	111,151
	------------	------------

10. Provisions

	Deferred tax (note 11)
	£
At 1 August 2018	9,175
Additions	100
	------------
At 31 July 2019	9,275
	------------

11. Deferred tax

The deferred tax included in the balance sheet is as follows:

	2019	2018
	£	£
Included in provisions (note 10)	9,275	9,175
	------------	------------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2019	2018
	£	£
Accelerated capital allowances	9,375	9,175
	------------	------------

12. Called up share capital

Issued, called up and fully paid

	2019		2018
	No.	£	No.	£
'A' Ordinary shares of £ 1 each	100	100.00	100	100.00
'B' Ordinary shares of £ 1 each	48	48.00	48	48.00
'C' Ordinary shares of £ 1 each	1	1.00	1	1.00
'D' Ordinary shares of £ 1 each	1	1.00	1	1.00
	------------	------------	------------	------------
	150	150.00	150	150.00
	------------	------------	------------	------------

The four categories of shares rank pari passu subject to the following restrictions, and save as for dividends: The 'B' ordinary shares of £1 each, 'C' ordinary share of £1 and the 'D' ordinary share of £1 shall not confer on the holders thereof the right to vote upon any resolution proposed at the general meeting of the company.

13. Related party transactions

The director's loan account of £106,397 (2018: £1,913) set out at note 11 above is unsecured, repayable on demand and bears interest at a commercial rate. The company is controlled by P Johnson .