3D_ENTERTAINMENT_DISTRIBU - Accounts

3D ENTERTAINMENT DISTRIBUTION LIMITED - Company Information

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Company Registration No. 05974610 (England and Wales)

3D ENTERTAINMENT DISTRIBUTION LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2015

3D ENTERTAINMENT DISTRIBUTION LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

3D ENTERTAINMENT DISTRIBUTION LTD

ABBREVIATED BALANCE SHEET

AS AT

31 JULY 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

4,949

9,625

Current assets

Stocks

379,257

Debtors

1,203,450

1,036,401

Cash at bank and in hand

95,777

367,181

1,299,227

1,782,839

Creditors: amounts falling due within one year

(1,626,757)

(2,115,649)

Net current liabilities

(327,530)

(332,810)

Total assets less current liabilities

(322,581)

(323,185)

Capital and reserves

Called up share capital

194

Profit and loss account

(322,775)

(323,379)

Shareholders' funds

(322,581)

(323,185)

For the financial year ended 31 July 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 29 April 2016

J M Farrow

Director

Company Registration No. 05974610

3D ENTERTAINMENT DISTRIBUTION LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & office equipment

20% on cost

1.4

Stock and work in progress

Work in progress is valued at the lower of cost and net realisable value.

1.5

Deferred taxation

Deferred taxation is provided at appropriate rates on all timing differences using the liability method only to the extent that, in the opinion of the directors, there is a reasonable probability that a liability or asset will crystallise in the foreseeable future.

1.6

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into US Dollars at the rates 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 differences are taken to profit and loss account.

1.7

Basis of preparing the financial statements.

The financial statements have been prepared on a going concern basis dependent on the continued support of its related parties. The directors consider it appropriate to prepare the financial statements on a going concern basis.

3D ENTERTAINMENT DISTRIBUTION LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2015

- 3 -

Fixed assets

Tangible assets

Cost

At 1 August 2014 & at 31 July 2015

29,672

Depreciation

At 1 August 2014

20,048

Charge for the year

4,675

At 31 July 2015

24,723

Net book value

At 31 July 2015

4,949

At 31 July 2014

9,625

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary shares of £1 each

194

Ultimate parent company

3D Entertainment Films (Holdings) Ltd is regarded by the directors as being the company's ultimate parent company.