3N Group Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 06293601 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 June 2016

for

3N Group Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

S A Hazeldine

Mrs K M A Hazeldine

S P Wilson

SECRETARY:

S A Hazeldine

REGISTERED OFFICE:

41b Beach Road

Littlehampton

West Sussex

BN17 5JA

REGISTERED NUMBER:

06293601 (England and Wales)

ACCOUNTANTS:

Reeves Wilkinson Limited trading as Botting & Co

Chartered Certified Accountants

41b Beach Road

Littlehampton

West Sussex

BN17 5JA

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

24,695

32,898

24,695

32,898

CURRENT ASSETS

Stocks

2,100

2,000

Debtors

1,331

6,676

Cash at bank

22,140

36,887

25,571

45,563

CREDITORS

Amounts falling due within one year

79,692

96,550

NET CURRENT LIABILITIES

(54,121

)

(50,987

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(29,426

)

(18,089

)

CAPITAL AND RESERVES

Called up share capital

4

600

Profit and loss account

(30,026

)

(18,689

)

SHAREHOLDERS' FUNDS

(29,426

)

(18,089

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 16 January 2017 and were signed on its behalf by:

S A Hazeldine - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% 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.

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

and 30 June 2016

70,000

AMORTISATION

At 1 July 2015

and 30 June 2016

70,000

NET BOOK VALUE

At 30 June 2016

-

At 30 June 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

and 30 June 2016

121,319

DEPRECIATION

At 1 July 2015

88,421

Charge for year

8,203

At 30 June 2016

96,624

NET BOOK VALUE

At 30 June 2016

24,695

At 30 June 2015

32,898

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.16

30.6.15

value:

£

300

Ordinary

1

300

100

Ordinary B shares

1

100

200

Ordinary C & D Shares

1

200

600

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the company owed the directors the following amounts:

- S & K Hazeldine £7,628 (2015: £7,628)

- S Wilson £24,694 (2015: £24,694).

6.	RELATED PARTY DISCLOSURES

The company acquired supplies from the following associated companies during the financial year:

Dark Sports Ltd: £0 (2015: £4,132)

Manic Paintball Limited: £8,421 (2015: £11,903)

4 Action Entertainment Ltd: £1,000 (2015: £3,225)

7.	ULTIMATE CONTROLLING PARTY

The company's ultimate controlling party is the director, Scott Hazeldine.