5th Dimension Tooling Ltd - Accounts to registrar (filleted) - small 18.2

5th Dimension Tooling Ltd - Accounts to registrar (filleted) - small 18.2

NEOS COMPOSITES LIMITED - Company Information

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REGISTERED NUMBER: 06829127 (England and Wales)















5TH DIMENSION TOOLING LTD

ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2018





BCD Chartered Accountants
55 Newhall Street
Birmingham
United Kingdom
B3 3RB








5TH DIMENSION TOOLING LTD (REGISTERED NUMBER: 06829127)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 28 February 2018




Page

Company Information 1

Chartered Accountant's Report 2

Abridged Statement of Financial Position 3 to 4

Notes to the Financial Statements 5 to 7


5TH DIMENSION TOOLING LTD

COMPANY INFORMATION
for the year ended 28 February 2018







DIRECTORS: N Greenwood
G A Hart
G A Wood



SECRETARY: G A Hart



REGISTERED OFFICE: C/O BCD Chartered Accountants
55 Newhall Street
Birmingham
West Midlands
B3 3RB



REGISTERED NUMBER: 06829127 (England and Wales)



ACCOUNTANT: BCD Chartered Accountants
55 Newhall Street
Birmingham
United Kingdom
B3 3RB



BANKERS: HSBC Bank Plc
The Bridge
Walsall
West Midlands
WS1 1LN
Page 1
CHARTERED ACCOUNTANT'S REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
5TH DIMENSION TOOLING LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file
a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary
statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial
statements of 5th Dimension Tooling Ltd for the year ended 28 February 2018 which comprise the Income Statement,
Abridged Statement of Financial Position and the related notes from the company's accounting records and from
information and explanations you have given me.

As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am 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 5th Dimension Tooling Ltd, as a body, in accordance with my terms of engagement. My work has been undertaken solely to prepare for your approval the financial statements of 5th Dimension Tooling Ltd and state those matters that I have agreed to state to the Board of Directors of 5th Dimension Tooling Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than 5th Dimension Tooling Ltd and its Board of Directors, as a body, for my work or for this report.

It is your duty to ensure that 5th Dimension Tooling Ltd 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 5th Dimension Tooling Ltd. You consider that 5th Dimension Tooling Ltd is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the financial statements of 5th Dimension Tooling Ltd. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.






BCD Chartered Accountants
55 Newhall Street
Birmingham
United Kingdom
B3 3RB


10 July 2018

This page does not form part of the statutory financial statements

Page 2
5TH DIMENSION TOOLING LTD (REGISTERED NUMBER: 06829127)

ABRIDGED STATEMENT OF FINANCIAL POSITION
28 February 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 1,002,638 744,140

CURRENT ASSETS
Debtors 337,067 368,829
Cash at bank and in hand 1,049,104 908,915
1,386,171 1,277,744
CREDITORS
Amounts falling due within one year 352,563 345,042
NET CURRENT ASSETS 1,033,608 932,702
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,036,246
1,676,842

CREDITORS
Amounts falling due after more than one
year
4
(249,713
)
(312,288
)

PROVISIONS FOR LIABILITIES (41,253 ) (55,087 )
NET ASSETS 1,745,280 1,309,467

CAPITAL AND RESERVES
Called up share capital 58 58
Revaluation reserve 304,432 -
Capital redemption reserve 50 50
Retained earnings 1,440,740 1,309,359
SHAREHOLDERS' FUNDS 1,745,280 1,309,467

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2018 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 notes form part of these financial statements

Page 3 continued...
5TH DIMENSION TOOLING LTD (REGISTERED NUMBER: 06829127)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
28 February 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 28 February 2018 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 10 July 2018 and were signed on its behalf by:




N Greenwood - Director G A Hart - Director




G A Wood - Director


The notes form part of these financial statements

Page 4
5TH DIMENSION TOOLING LTD (REGISTERED NUMBER: 06829127)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 28 February 2018

1. STATUTORY INFORMATION

5th Dimension Tooling Ltd is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of goods and services, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases
are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element
of the future payments is treated as a liability.

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

Page 5 continued...
5TH DIMENSION TOOLING LTD (REGISTERED NUMBER: 06829127)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 28 February 2018

2. ACCOUNTING POLICIES - continued

Going concern
The financial statements have been prepared using the going concern basis of accounting.

3. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 March 2017 1,192,104
Additions 25,450
Revaluations 304,432
At 28 February 2018 1,521,986
DEPRECIATION
At 1 March 2017 447,964
Charge for year 71,384
At 28 February 2018 519,348
NET BOOK VALUE
At 28 February 2018 1,002,638
At 28 February 2017 744,140

Cost or valuation at 28 February 2018 is represented by:

Totals
£   
Valuation in 2018 304,432
Cost 1,217,554
1,521,986

If the freehold property had not been revalued it would have been included at the following historical cost:

2018 2017
£    £   
Cost 395,568 395,568

The freehold property was valued on an open market basis on 28 February 2018 by the directors .

Page 6 continued...
5TH DIMENSION TOOLING LTD (REGISTERED NUMBER: 06829127)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 28 February 2018

3. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST OR VALUATION
At 1 March 2017 475,932
Reclassification/transfer (117,595 )
At 28 February 2018 358,337
DEPRECIATION
At 1 March 2017 241,203
Charge for year 46,946
Reclassification/transfer (92,934 )
At 28 February 2018 195,215
NET BOOK VALUE
At 28 February 2018 163,122
At 28 February 2017 234,729

4. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2018 2017
£    £   
Repayable by instalments
Bank loans repayable in more
than 5 years by instalments 87,997 112,586
87,997 112,586

5. EMPLOYEES AND DIRECTORS

The average number of employees and directors during the year was 15 (2017: 14).

Page 7