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 2021

3DK SOLUTIONS LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 JULY 2021

Contents	Pages

Balance sheet 1 to 2

Notes to the financial statements 3 to 7

3DK SOLUTIONS LIMITED

BALANCE SHEET

31 July 2021

	2021	2020
Note	£	£

Fixed assets

Tangible assets	5	490,841	510,132
Investments	6	95,148	52,961
		------------	------------
		585,989	563,093

Current assets

Debtors	7	84,702	86,127
Investments	8	124,564	107,836
Cash at bank and in hand		236,458	305,160
		------------	------------
		445,724	499,123

Creditors: amounts falling due within one year	9	( 182,727)	( 231,964)
		------------	------------
Net current assets		262,997	267,159
		------------	------------
Total assets less current liabilities		848,986	830,252

Provisions

Taxation including deferred tax	10	( 6,281)	( 8,125)
		------------	------------
Net assets		842,705	822,127
		------------	------------

Capital and reserves

Called up share capital	12	150	150
Profit and loss account		842,555	821,977
		------------	------------
Shareholders funds		842,705	822,127
		------------	------------

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 Section 1A of 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 2021 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 2021

These financial statements were approved by the board of directors and authorised for issue on 28 March 2022 , 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 2021

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 (2020: 4 ).

5. Tangible assets

	Freehold property	Fixtures and fittings	Motor vehicles	Computer equipment	Total
	£	£	£	£	£
Cost
At 1 August 2020	480,193	19,880	59,950	25,696	585,719
Additions	–	716	–	2,181	2,897
	------------	------------	------------	------------	------------
At 31 July 2021	480,193	20,596	59,950	27,877	588,616
	------------	------------	------------	------------	------------
Depreciation
At 1 August 2020	12,806	6,098	34,658	22,025	75,587
Charge for the year	9,604	3,624	6,323	2,637	22,188
	------------	------------	------------	------------	------------
At 31 July 2021	22,410	9,722	40,981	24,662	97,775
	------------	------------	------------	------------	------------
Carrying amount
At 31 July 2021	457,783	10,874	18,969	3,215	490,841
	------------	------------	------------	------------	------------
At 31 July 2020	467,387	13,782	25,292	3,671	510,132
	------------	------------	------------	------------	------------

6. Investments

	Other investments other than loans
	£
Cost
At 1 August 2020	52,961
Additions	30,000
Revaluations	12,187
	------------
At 31 July 2021	95,148
	------------
Impairment
At 1 August 2020 and 31 July 2021	–
	------------

Carrying amount
At 31 July 2021	95,148
	------------
At 31 July 2020	52,961
	------------

7. Debtors

	2021	2020
	£	£
Trade debtors	71,545	85,877
Prepayments and accrued income	3,157	250
Other debtors	10,000	–
	------------	------------
	84,702	86,127
	------------	------------

8. Investments

	2021	2020
	£	£
Investment plans	114,628	97,900
Gold bullion	9,936	9,936
	------------	------------
	124,564	107,836
	------------	------------

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

	2021	2020
	£	£
Trade creditors	1,115	714
Accruals and deferred income	14,912	28,968
Corporation tax	34,676	51,760
Social security and other taxes	25,910	44,133
Director loan accounts	102,638	102,546
Other creditors	3,476	3,843
	------------	------------
	182,727	231,964
	------------	------------

10. Provisions

	Deferred tax (note 11)
	£
At 1 August 2020	8,125
Charge against provision	( 1,844)
	------------
At 31 July 2021	6,281
	------------

11. Deferred tax

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

	2021	2020
	£	£
Included in provisions (note 10)	6,281	8,125
	------------	------------

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

	2021	2020
	£	£
Accelerated capital allowances	6,281	8,125
	------------	------------

12. Called up share capital

Issued, called up and fully paid

	2021		2020
	No.	£	No.	£
'A' Ordinary shares of £ 1 each	100	100	100	100
'B' Ordinary shares of £ 1 each	30	30	30	30
'C' Ordinary shares of £ 1 each	10	10	10	10
'D' Ordinary shares of £ 1 each	10	10	10	10
	------------	------------	------------	------------
	150	150	150	150
	------------	------------	------------	------------

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 £102,638 (2020: £102,546) 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 .