N3 Display Graphics Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04008480 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2021

for

N3 Display Graphics Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N J Holland

N S Walker

N H Peeck

SECRETARY:

N J Holland

REGISTERED OFFICE:

4 Dorcan Business Village

Murdock Road

Swindon

Wiltshire

SN3 5HY

REGISTERED NUMBER:

04008480 (England and Wales)

ACCOUNTANTS:

David Starbuck

4 Dorcan Business Village

Murdock Road

Swindon

SN3 5HY

FIXED ASSETS

Tangible assets

4

226,977

285,088

CURRENT ASSETS

Stocks

15,400

19,725

Debtors

298,892

247,099

Cash at bank and in hand

332,188

339,399

646,480

606,223

CREDITORS

Amounts falling due within one year

387,743

402,256

NET CURRENT ASSETS

258,737

203,967

TOTAL ASSETS LESS CURRENT LIABILITIES

485,714

489,055

CREDITORS

Amounts falling due after more than one year

(66,852

)

(66,667

)

PROVISIONS FOR LIABILITIES

(43,258

)

(54,166

)

NET ASSETS

375,604

368,222

CAPITAL AND RESERVES

Called up share capital

1,097

1,097

Retained earnings

374,507

367,125

SHAREHOLDERS' FUNDS

375,604

368,222

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 August 2021 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 November 2021 and were signed on its behalf by:

N J Holland - Director

N S Walker - Director

N H Peeck - Director

1.	STATUTORY INFORMATION

N3 Display Graphics Limited 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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 provisions of Section 1A "Small Entities" and the Companies Act 2006. 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

10% on cost

Plant and machinery

-

25% on reducing balance and 10% on cost

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year 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

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 year 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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2020 - 18 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 September 2020

673,098

Additions

5,401

Disposals

(4,250

)

At 31 August 2021

674,249

DEPRECIATION

At 1 September 2020

388,010

Charge for year

63,276

Eliminated on disposal

(4,014

)

At 31 August 2021

447,272

NET BOOK VALUE

At 31 August 2021

226,977

At 31 August 2020

285,088