3D Concepts Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03148422 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2021

FOR

3D CONCEPTS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M McCreith

SECRETARY:

Mrs R M McCreith

REGISTERED OFFICE:

9 Broadleaf Grove

Welwyn Garden City

Hertfordshire

AL8 7AZ

REGISTERED NUMBER:

03148422 (England and Wales)

ACCOUNTANTS:

Lamburn & Turner

Riverside House

3 Place Farm

Wheathampstead

Hertfordshire

AL4 8SB

FIXED ASSETS

Tangible assets

4

-

7

CURRENT ASSETS

Debtors

1,863

603

Cash at bank

21,492

15,559

23,355

16,162

CREDITORS

Amounts falling due within one year

22,461

9,904

NET CURRENT ASSETS

894

6,258

TOTAL ASSETS LESS CURRENT LIABILITIES

894

6,265

CAPITAL AND RESERVES

Called up share capital

100

100

Share premium

90

90

Retained earnings

704

6,075

SHAREHOLDERS' FUNDS

894

6,265

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2021 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 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 director and authorised for issue on 18 January 2022 and were signed by:

M McCreith - Director

1.	STATUTORY INFORMATION

3D Concepts 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 represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets

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

Plant and machinery

-

Straight line over 10 years

Office Equipment

-

Straight line over 5 years

Computer equipment

-

Straight line over 5 years

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 June 2020

23,328

Disposals

(23,328

)

At 31 May 2021

-

DEPRECIATION

At 1 June 2020

23,321

Charge written back

(23,321

)

At 31 May 2021

-

NET BOOK VALUE

At 31 May 2021

-

At 31 May 2020

7

5.	GOING CONCERN - COVID19

The directors have considered the impact of the coronavirus pandemic on the company's financial position. Due to the nature of the services provided, the company has been impacted by the pandemic. Financial assistance such as grants and bounce back loans have been disclosed in the financial statements. The directors consider that no other adjustments are required.