Three Four Digital Rental limited - Limited company - abbreviated - 11.0.0

THREE FOUR DIGITAL RENTAL LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED

30 APRIL 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

G W Heritage

R C King

SECRETARY:

G W Heritage

REGISTERED OFFICE:

Wimbourne House

151-155 New North Road

London

N1 6TA

REGISTERED NUMBER:

05721520 (England and Wales)

ACCOUNTANTS:

AEL Partners LLP

Chartered Accountants

201 Haverstock Hill

London

NW3 4QG

FIXED ASSETS

Tangible assets

2

293,671

45,556

CURRENT ASSETS

Debtors

181,715

93,258

Cash at bank and in hand

68,837

16,869

250,552

110,127

CREDITORS

Amounts falling due within one year

312,068

78,536

NET CURRENT (LIABILITIES)/ASSETS

(61,516

)

31,591

TOTAL ASSETS LESS CURRENT LIABILITIES

232,155

77,147

CREDITORS

Amounts falling due after more than one year

(77,422

)

-

PROVISIONS FOR LIABILITIES

(27,709

)

-

NET ASSETS

127,024

77,147

CAPITAL AND RESERVES

Called up share capital

3

201

201

Profit and loss account

126,823

76,946

SHAREHOLDERS' FUNDS

127,024

77,147

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 6 August 2014 and were signed on its behalf by:

G W Heritage - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The accounts are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom

Generally Accepted Accounting Practice), which have been consistently applied (except as otherwise stated).

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Going concern

The directors are of the opinion that the Company has sufficient access to financial resources which, together with

internally generated cash flows, will continue to provide sufficient sources of liquidity to fund its current operations

including its contractual and commercial commitments and the Company is well placed to manage its business risks

successfully, despite the current economic outlook.

The directors have formed the judgement, at the time of approving the financial statements, that there is a reasonable

expectation that the Company has adequate resources to continue in operational existence for the foreseeable future.

For this reason, the directors continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover represents net invoiced sales of 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

Over the period of the lease

Digital equipment

-

25% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on reducing balance

Taxation

The tax expense represents the sum of the tax currently payable and the deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit before taxation as

reported in the profit and loss account because it excludes items of income and expense that are taxable or deductible

in other years and it further excludes items which are never taxable or deductible. The Company's liability for current

tax is calculated using tax rates that have been enacted or substantially enacted by the balance sheet date.

Deferred tax is the tax expected to be payable or recoverable on differences between the carrying amounts of assets

and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit.

This is accounted for using the balance sheet liability method. Deferred tax liabilities are generally recognised for all

taxable temporary differences and deferred tax assets are recognised to the extent that it is probable that taxable

profits will be available against which deductible temporary differences can be utilised. Such assets and liabilities are

not recognised if the temporary difference arises from goodwill or from the initial recognition of other assets and

liabilities in a transaction that affects neither the tax profit nor the accounting profit.

Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the

asset realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items

charged or credited directly to reserves, in which case the deferred tax is also dealt with in reserves.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance

sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of

transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are

depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

Company's contributions towards defined contribution pension scheme are charged to the profit and loss account in

the period to which they relate.

Trade debtors

Trade debtors are recognised and carried at original invoice amount less an allowance for any non-collectable

amounts. An estimate for doubtful debts is made when collection of the full amount is no longer probable. Bad debts

are written off when identified.

Trade creditors

Trade creditors are recognised and carried at original invoice amount.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

118,720

Additions

348,882

At 30 April 2014

467,602

DEPRECIATION

At 1 May 2013

73,164

Charge for year

100,767

At 30 April 2014

173,931

NET BOOK VALUE

At 30 April 2014

293,671

At 30 April 2013

45,556

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary shares class A

£1.00

100

100

100

Ordinary shares class B

£1.00

100

100

1

Ordinary shares Class C

£1.00

1

1

201

201

4.	ULTIMATE PARENT COMPANY

The directors are of the opinion there is no ultimate parent company.