N3 Display Graphics Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04008480 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 August 2016

for

N3 Display Graphics Limited

Page

Company Information

1

Chartered Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTORS:

N J Holland

N S Walker

N H Peeck

SECRETARY:

N J Holland

REGISTERED OFFICE:

609 Delta Business Park

Welton Road

Swindon

Wiltshire

SN5 7XF

REGISTERED NUMBER:

04008480 (England and Wales)

ACCOUNTANTS:

David Starbuck

609 Delta Business Park

Welton Road

Swindon

Wiltshire

SN5 7XF

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited

financial statements, from which the unaudited abbreviated accounts (set out on pages three to six) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial

statements of N3 Display Graphics Limited for the year ended 31 August 2016 which comprise the Profit and Loss Account, the

Balance Sheet and the related notes from the company's accounting records and from information and explanations you have

given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of N3 Display Graphics Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of N3 Display Graphics Limited and state those matters that we have agreed to state to the Board of Directors of N3 Display Graphics Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than N3 Display Graphics Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that N3 Display Graphics Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of N3 Display Graphics Limited. You consider that N3 Display Graphics Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of N3 Display Graphics Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

David Starbuck

609 Delta Business Park

Welton Road

Swindon

Wiltshire

SN5 7XF

15 November 2016

FIXED ASSETS

Tangible assets

2

188,803

210,524

CURRENT ASSETS

Stocks

12,900

8,850

Debtors

259,860

192,299

Cash at bank and in hand

121,433

95,191

394,193

296,340

CREDITORS

Amounts falling due within one year

3

347,799

293,374

NET CURRENT ASSETS

46,394

2,966

TOTAL ASSETS LESS CURRENT
LIABILITIES

235,197

213,490

CREDITORS

Amounts falling due after more than one year

3

(46,000

)

(72,192

)

PROVISIONS FOR LIABILITIES

(36,753

)

(41,220

)

NET ASSETS

152,444

100,078

CAPITAL AND RESERVES

Called up share capital

4

1,097

Profit and loss account

151,347

98,981

SHAREHOLDERS' FUNDS

152,444

100,078

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2016 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 15 November 2016 and were signed on its behalf by:

N J Holland - Director

N S Walker - Director

N H Peeck - Director

1.	ACCOUNTING POLICIES

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 January 2015).

Turnover

Turnover represents net invoiced sales of goods, 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.

Improvements to property

-

10% on cost

Plant and machinery

-

25% on reducing balance and 10% on cost

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving

items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet

date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account 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 the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

530,086

Additions

32,333

At 31 August 2016

562,419

DEPRECIATION

At 1 September 2015

319,562

Charge for year

54,054

At 31 August 2016

373,616

NET BOOK VALUE

At 31 August 2016

188,803

At 31 August 2015

210,524

3.

CREDITORS

Creditors include an amount of £ 70,000 (2015 - £ 105,164 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

253

Ordinary A

£1

253

240

Ordinary B

£1

240

253

Ordinary C

£1

253

240

Ordinary D

£1

240

10

Ordinary E

£1

10

55

Ordinary F

£1

55

46

Ordinary G

£1

46

1,097