3DReid Manchester Limited - Accounts to registrar (filleted) - small 23.1.2

3DReid Manchester Limited - Accounts to registrar (filleted) - small 23.1.2

3DREID MANCHESTER LIMITED - Company Information

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REGISTERED NUMBER: 10561746 (England and Wales)
















Unaudited Financial Statements for the Year Ended 31 October 2022

for

3DReid Manchester Limited
3DReid Manchester Limited (Registered number: 10561746)






Contents of the Financial Statements
for the Year Ended 31 October 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


3DReid Manchester Limited

Company Information
for the Year Ended 31 October 2022







DIRECTORS: N Speakes
E McLaren





REGISTERED OFFICE: 26 Cross Street
Manchester
M2 7AQ





REGISTERED NUMBER: 10561746 (England and Wales)





ACCOUNTANTS: McLay McAlister & McGibbon LLP
Chartered Accountants
145 St Vincent Street
Glasgow
G2 5JF
Page 1
3DReid Manchester Limited (Registered number: 10561746)

Balance Sheet
31 October 2022

31.10.22 31.10.21
Notes £    £   
FIXED ASSETS
Tangible assets 4 18,369 24,692

CURRENT ASSETS
Stocks 129,941 86,750
Debtors 5 378,736 188,478
Cash at bank and in hand 10,539 10,539
519,216 285,767
CREDITORS
Amounts falling due within one year 6 (500,989 ) (298,536 )
NET CURRENT ASSETS/(LIABILITIES) 18,227 (12,769 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
36,596
11,923

CAPITAL AND RESERVES
Called up share capital 80 80
Retained earnings 36,516 11,843
36,596 11,923

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 21 July 2023 and were signed on its behalf by:





N Speakes - Director


The notes form part of these financial statements

Page 2
3DReid Manchester Limited (Registered number: 10561746)

Notes to the Financial Statements
for the Year Ended 31 October 2022

1. STATUTORY INFORMATION

3DReid Manchester 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Given the information presented, and the continuing support of the parent company, the Directors continue to adopt a going concern basis in preparing the financial statements.

Critical accounting judgements and estimates
The preparation of these financial statements requires the directors to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses. Judgements and estimates are continually evaluated and are based on historical experiences and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The company makes estimates and assumptions concerning the future. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of asset and liabilities within the next financial year are discussed below:

Work in progress
Work in progress is valued at cost of all direct expenditure plus attributable fixed and variable overheads less any provision for foreseeable losses.

Revenue recognition
Revenue is recognised to the extent that it is probable that the financial benefits will flow to the company and the revenue can be readily measured. Turnover from the fees for architectural services is recognised by reference to stage payments. The stage of where a contract is at is determined either by reference to the estimate of the fee drawdown, evaluation of the proportion of fees in relation to milestones and the proportion of WIP valued, depending on the nature of the underlying contract.

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.
Plant and machinery etc - 33% on cost and over the term of the lease

The company's policy is to review the remaining useful lives and residual value of all tangible fixed assets on an on-going basis and to adjust the depreciation charge to reflect the remaining useful economic life and residual value.

Government grants
Government grants are recognised in profit or loss on a systematic basis over the periods in which the entity recognises expenses for the related costs for which the grants are intended to compensate. Government grants received are included in other income.

Page 3 continued...
3DReid Manchester Limited (Registered number: 10561746)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2022

2. ACCOUNTING POLICIES - continued

Financial instruments
Debtors
Trade debtors and other debtors are recognised at the settlement amount due with appropriate allowances for any irrecoverable amounts when there is objective evidence the asset is impaired.

Cash and cash equivalents
Cash and cash equivalents in the balance sheet comprise cash at bank and in hand.

Creditors
Trade creditors and other creditors are recognised where the company has a present obligation resulting from a past event and are recognised at the settlement amount due after allowing for any trade discounts due.

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 10 (2021 - 12 ) .

Page 4 continued...
3DReid Manchester Limited (Registered number: 10561746)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2022

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2021 31,299
Additions 3,407
At 31 October 2022 34,706
DEPRECIATION
At 1 November 2021 6,607
Charge for year 9,730
At 31 October 2022 16,337
NET BOOK VALUE
At 31 October 2022 18,369
At 31 October 2021 24,692

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.22 31.10.21
£    £   
Trade debtors 295,685 168,932
Other debtors 83,051 19,546
378,736 188,478

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.22 31.10.21
£    £   
Trade creditors 70,421 36,535
Amounts owed to group undertakings 409,697 250,291
Other creditors 20,871 11,710
500,989 298,536

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.10.22 31.10.21
£    £   
Within one year 54,240 54,240
Between one and five years 49,720 103,960
103,960 158,200

8. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Page 5 continued...
3DReid Manchester Limited (Registered number: 10561746)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2022

9. ULTIMATE PARENT COMPANY

The ultimate parent company is HF8 Limited.

Page 6