3D_MARCOMMS_LIMITED - Accounts

3D MARCOMMS LIMITED - Company Information

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Company Registration No. 06603499 (England and Wales)

3D MARCOMMS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2016

LB GROUP

Onslow House

62 Broomfield Road

Chelmsford

Essex

CM1 1SW

3D MARCOMMS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

3D MARCOMMS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MAY 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

22,503

27,641

Current assets

Debtors

409,567

274,117

Cash at bank and in hand

77,824

409,666

351,941

Creditors: amounts falling due within one year

(407,627)

(324,689)

Net current assets

2,039

27,252

Total assets less current liabilities

24,542

54,893

Provisions for liabilities

(4,500)

(6,789)

20,042

48,104

Capital and reserves

Called up share capital

103

Profit and loss account

19,939

48,001

Shareholders' funds

20,042

48,104

For the financial year ended 31 May 2016 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 9 March 2017

Mr A R Hens

Director

Company Registration No. 06603499

3D MARCOMMS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2016

- 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

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts. Turnover is recognised from the date the service took place.

1.4

Patents

Patents are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful lives.

1.5

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:

Plant and machinery

33% straight line

Fixtures, fittings & equipment

25% straight line

Motor vehicles

25% reducing balance

1.6

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.7

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

1.8

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

1.9

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling 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.

1.10

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3D MARCOMMS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MAY 2016

- 3 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 June 2015

300

82,329

82,629

Additions

15,217

Disposals

(7,500)

At 31 May 2016

300

90,046

90,346

Depreciation

At 1 June 2015

300

54,687

54,987

On disposals

(3,281)

Charge for the year

16,137

At 31 May 2016

300

67,543

67,843

Net book value

At 31 May 2016

22,503

At 31 May 2015

27,641

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary A of £1 each

100

1 Ordinary B of £1 each

1 Ordinary C of £1 each

1 Ordinary D of £1 each

103