3DK Solutions Limited Filleted accounts for Companies House (small and micro)

3DK SOLUTIONS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 04851955

3DK SOLUTIONS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 July 2018

3DK SOLUTIONS LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 JULY 2018

Contents	Pages

Balance sheet 1 to 2

Notes to the financial statements 3 to 7

3DK SOLUTIONS LIMITED

BALANCE SHEET

31 July 2018

	2018	2017
Note	£	£

Fixed assets

Tangible assets	5	48,290	2,809
Investments	6	121,307	–
		------------	------------
		169,597	2,809

Current assets

Debtors	7	119,315	111,945
Investments	8	133,568	179,528
Cash at bank and in hand		223,381	196,393
		------------	------------
		476,264	487,866

Creditors: amounts falling due within one year	9	111,151	118,409
		------------	------------
Net current assets		365,113	369,457
		------------	------------
Total assets less current liabilities		534,710	372,266

Provisions

Taxation including deferred tax	10	9,175	–
		------------	------------
Net assets		525,535	372,266
		------------	------------

Capital and reserves

Called up share capital	12	150	150
Profit and loss account		525,385	372,116
		------------	------------
Shareholders funds		525,535	372,266
		------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.

For the year ending 31 July 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

3DK SOLUTIONS LIMITED

BALANCE SHEET (continued)

31 July 2018

These financial statements were approved by the board of directors and authorised for issue on 12 December 2018 , and are signed on behalf of the board by:

P Johnson
Director

Company registration number: 04851955

3DK SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 JULY 2018

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 50 Goldcliff Close, Callands, Warrington, Cheshire, WA5 9EP.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover represents the value of services provided net of value added tax.

Taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occured at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the rates that are expected to apply in the periods in which the timing differences reverse, based on the rates and laws enacted or substantively enacted at the balance sheet date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	25% reducing balance
Motor vehicles	-	25% reducing balance
Computer equipment	-	33% straight line

Investments

Fixed asset investments are stated at fair value with changes in valuation being recognised in the profit and loss account. Current asset investments are stated at cost less any provision for impairment.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the balance sheet and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

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.

Defined contribution plans

The company operates defined contribution pension schemes. The amount charged to the profit and loss account in respect of pension costs is the contributions payable in the year.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 5 (2017: 4 ).

5. Tangible assets

	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 August 2017	3,357	–	16,793	20,150
Additions	–	59,950	3,172	63,122
	------------	------------	------------	------------
At 31 July 2018	3,357	59,950	19,965	83,272
	------------	------------	------------	------------
Depreciation
At 1 August 2017	2,623	–	14,718	17,341
Charge for the year	110	14,987	2,544	17,641
	------------	------------	------------	------------
At 31 July 2018	2,733	14,987	17,262	34,982
	------------	------------	------------	------------
Carrying amount
At 31 July 2018	624	44,963	2,703	48,290
	------------	------------	------------	------------
At 31 July 2017	734	–	2,075	2,809
	------------	------------	------------	------------

6. Investments

	Other investments other than loans
	£
Cost
At 1 August 2017	–
Additions	116,159
Revaluations	5,148
	------------
At 31 July 2018	121,307
	------------
Impairment
At 1 August 2017 and 31 July 2018	–
	------------

Carrying amount
At 31 July 2018	121,307
	------------
At 31 July 2017	–
	------------

7. Debtors

	2018	2017
	£	£
Trade debtors	119,315	111,945
	------------	------------

8. Investments

	2018	2017
	£	£
Investment Plans	123,632	169,592
Gold bullion	9,936	9,936
	------------	------------
	133,568	179,528
	------------	------------

There is no material difference between the market value and carrying value of the investments and they are recorded at cost.

9. Creditors: amounts falling due within one year

	2018	2017
	£	£
Trade creditors	2,452	2,300
Accruals and deferred income	34,256	55,279
Corporation tax	36,266	15,480
Social security and other taxes	36,264	38,981
Director loan accounts	1,913	6,369
	------------	------------
	111,151	118,409
	------------	------------

10. Provisions

	Deferred tax (note 11)
	£
At 1 August 2017	–
Additions	9,175
	------------
At 31 July 2018	9,175
	------------

11. Deferred tax

The deferred tax included in the balance sheet is as follows:

	2018	2017
	£	£
Included in provisions (note 10)	9,175	–
	------------	------------

12. Called up share capital

Issued, called up and fully paid

	2018		2017
	No.	£	No.	£
'A' Ordinary shares of £ 1 each	100	100.00	100	100.00
'B' Ordinary shares of £ 1 each	48	48.00	49	49.00
'C' Ordinary shares of £ 1 each	1	1.00	1	1.00
'D' Ordinary shares of £ 1 each	1	1.00	–	–
	------------	------------	------------	------------
	150	150.00	150	150.00
	------------	------------	------------	------------

The number of shares outstanding at the year end date for all other classes of shares is consistent with the prior year.

The three categories of shares rank pari passu subject to the following restrictions, and save as for dividends: The 'B' ordinary shares of £1 each, 'C' ordinary share of £1 and the 'D' ordinary share of £1 shall not confer on the holders thereof the right to vote upon any resolution proposed at the general meeting of the company. During the year one 'B' ordinary share was redesignated as a 'D' ordinary share.

13. Related party transactions

The director's loan account of £1,913 (2017: £6,369) set out at note 11 above is unsecured, repayable on demand and currently interest free. The company is controlled by P Johnson .