Accounts

	Unaudited Abbreviated Accounts
	3 Boys Limited
	For the year ended 30 April 2016
		Company Number 07600690

	3 Boys Limited
	Unaudited abbreviated accounts for the year ended 30 April 2016
	Company Information
	Company registration number:	07600690
	Registered office:	18 Langton Place
		Bury St Edmunds
		Suffolk
		IP33 1NE
	Directors:	Mr M W Myerscough
		Mr A Stone (Appointed 28 September 2015)
		Mr N Kennedy (Appointed 28 September 2015)

	3 Boys Limited
	Unaudited abbreviated accounts for the year ended 30 April 2016
	Index
		PAGE
	Principal accounting policies	1-2
	Unaudited abbreviated balance sheet	3-4
	Notes to the unaudited abbreviated accounts	5-6

	3 Boys Limited
	Unaudited abbreviated accounts for the year ended 30 April 2016
	Accounting policies

	Basis of accounting
	The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
	The principal accounting policies of the company have remained unchanged from the previous year and are set out below.

	Going concern
	No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the directors.

	Tangible fixed assets and depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
		%
	Office equipment and fittings	25% Straight line
	Production moulds and tools	25% Straight line

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing difference will be reversed.

	Foreign currency
	Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

	Page 1

	3 Boys Limited
	Unaudited abbreviated accounts for the year ended 30 April 2016
	Accounting policies (continued)

	Financial instruments
	Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the asset of the entity after deducting all of the financial liabilities.
	Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
	Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited directly to equity.

	Page 2

	3 Boys Limited - Company Number 07600690
	Unaudited abbreviated accounts for the year ended 30 April 2016
	Unaudited abbreviated balance sheet
		Note		2016		2015
			£	£	£	£
	Fixed assets
	Tangible assets	1		2,303		949
	Current assets
	Debtors		62,624		6,153
	Cash at bank and in hand		381,182		2,811
			443,806		8,964
	Creditors: amounts falling due within one year		147,738		103,675
	Net current assets/(liabilities)			296,068		(94,711)
	Total assets less current liabilities			298,371		(93,762)
	Creditors: amounts falling due after more than one year			-		93,750
	Net assets			298,371		(187,512)
	Capital and reserves
	Called up equity share capital			6		4
	Share premium account			2,110,138		620,950
	Profit and loss account			(1,811,773)		(808,466)
	Shareholders' funds			298,371		(187,512)

	The director is satisfied that for the year ending 30 April 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies, and that the members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Act.
	The director acknowledges his responsibilities for: i) ensuring that the company keeps proper accounting records which comply with section 386 of the Act, and ii) preparing abbreviated accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year in accordance with the requirements of section 393, and which otherwise comply with the requirements of the Act relating to abbreviated accounts, so far as applicable to the company.

	The accompanying accounting policies and notes form an integral part of these abbreviated accounts.
	Page 3

	3 Boys Limited - Company Number 07600690
	Unaudited abbreviated accounts for the year ended 30 April 2016
	Unaudited abbreviated balance sheet (continued)

	These abbreviated accounts have been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.
	The abbreviated accounts were approved by the director and authorised for issue on 21 June 2016, and are signed by:
	M W Myerscough, Director

	The accompanying accounting policies and notes form an integral part of these abbreviated accounts.
	Page 4

	3 Boys Limited
	Unaudited abbreviated accounts for the year ended 30 April 2016
	Notes to the unaudited abbreviated accounts

1	Fixed assets

		Tangible
		assets	Total
		£	£
	Cost
	At 1 May 2015	1,466	1,466
	Additions	2,294	2,294
	At 30 April 2016	3,760	3,760
	Depreciation and amortisation
	At 1 May 2015	517	517
	Provided in the year	940	940
	At 30 April 2016	1,457	1,457
	Net book amount at 30 April 2016	2,303	2,303
	Net book amount at 30 April 2015	949	949

	Page 5

	3 Boys Limited
	Unaudited abbreviated accounts for the year ended 30 April 2016
	Notes to the unaudited abbreviated accounts (continued)

2	Equity share capital
		2016	2016	2015	2015
		No	£	No	£
	Allotted, called up and fully paid
	Ordinary shares of 0.133p each	4,531	6	2,912	4
		4,531	6	2,912	4
	On 10 December 2015 570 0.133p ordinary shares were issued.
	On 28 September 2015 924 0.133p ordinary shares were issued.
	On 22 July 2015 125 0.133p ordinary shares were issued.
	On 16 March 2015 437 0.133p ordinary shares were issued.
	On 10 December 2014 the 25,000 £1 non-voting shares were gifted to the company and were subsequently cancelled and extinguished.
	On 10 October 2014 75 0.133p ordinary shares were issued.
	On 21 August 2014 10 0.133p ordinary shares were issued.
	On 4 June 2014 190 0.133p ordinary shares were issued.
	On 1 May 2014 the 1.33p ordinary shares were sub-divided into 0.133p ordinary shares.

3	Related party transactions
	At the year end, Mr M W Myerscough, a director, had a loan balance of £(29,265) (2014: £Nil), which is shown in other creditors.
	During the year, the company paid £10,000 for consultancy services provided to St Albans Capital LLP, in which Mr A Stone, a director, is a designated member.

	Page 6