At 3D-Squared Ltd,Ltd - Accounts


2014-05-01 true false Private Limited Company 06290897 2015-04-30 06290897 2014-05-01 2015-04-30 06290897 2014-04-30 06290897 2013-05-01 2014-04-30 06290897 uk-bus:Director1 2014-05-01 2015-04-30 06290897 uk-gaap:PlantMachinery 2014-05-01 2015-04-30 06290897 uk-bus:AllOrdinaryShares 2015-04-30 iso4217:GBP
At 3D-Squared Ltd
For the year ended 30 April 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 06290897
2
Contents Page
At 3D-Squared Ltd
For the year ended 30 April 2015
1
Balance Sheet
2 to 3
Notes to the Abbreviated Financial Statements
3
Abbreviated Balance Sheet
At 3D-Squared Ltd
As at 30 April 2015
06290897
Registered Number :
£
£
2015
Notes
2014
Fixed assets
Tangible assets
2
61,419
61,419
61,419
61,419
Current assets
Debtors
107,941
70,429
Cash at bank and in hand
128,555
103,544
198,984
211,485
Creditors: amounts falling due within one year
(88,046)
(84,853)
123,439
114,131
Net current assets
Total assets less current liabilities
175,550
184,858
Creditors: amounts falling due after more than one year
(465)
(486)
(11,080)
(10,816)
Provisions for liabilities
163,984
Net assets
173,577
Capital and reserves
Called up share capital
200
3
200
Profit and loss account
163,784
173,377
163,984
173,577
Shareholders funds
For the year ended 30 April 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Date approved by the board: 09 July 2015
Mr A Allshorn Director
Signed on behalf of the board of directors
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4
Notes to the Abbreviated Financial Statements
For the year ended 30 April 2015
At 3D-Squared Ltd
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention, as modified by the revaluation of certain fixed assets, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
Turnover represents amounts receivable for services. Amounts receivable for services performed over time are based upon the stage of completion of the services performed.
Foreign currency
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange
ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the
transaction. All foreign exchange differences are included to the profit and loss account.
Deferred taxation
Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted.Deferred tax assets are only recognised if it is more likely than not that they will be recovered either against future taxable profits or against the reversal of other deferred tax liabilities.
Dividends
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
by the shareholders prior to the balance sheet date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
10% per annum on cost
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Debtors include amounts recoverable on long term contracts which are stated at the net sales value of the work done after provision for contingencies and any anticipated future losses on contracts, less amounts received as progress payments on account. Any excess progress payments are included in creditors as payments on account.
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5
Notes to the Abbreviated Financial Statements
For the year ended 30 April 2015
At 3D-Squared Ltd
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
66,419
At 01 May 2014
At 30 April 2015
66,419
Depreciation
5,000
At 01 May 2014
5,000
At 30 April 2015
Net book values
At 30 April 2015
61,419
61,419
At 30 April 2014
3 Share capital
Allotted called up and fully paid
2015
2014
£
£
200 Ordinary shares of £1.00 each
200
200
200
200
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