Abbreviated Company Accounts - 3B VISION LIMITED

Abbreviated Company Accounts - 3B VISION LIMITED

3B VISION LIMITED - Company Information

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Registered Number SC410807

3B VISION LIMITED

Abbreviated Accounts

30 April 2014

3B VISION LIMITED Registered Number SC410807

Abbreviated Balance Sheet as at 30 April 2014

Notes 2014 2013
£ £
Fixed assets
Intangible assets 2 235,119 125,839
Tangible assets 3 10,339 8,447
Investments - -
245,458 134,286
Current assets
Debtors 4 19,428 19,577
Cash at bank and in hand 45,326 868
64,754 20,445
Prepayments and accrued income 1,044 -
Creditors: amounts falling due within one year (112,085) (21,048)
Net current assets (liabilities) (46,287) (603)
Total assets less current liabilities 199,171 133,683
Creditors: amounts falling due after more than one year (168,530) (121,548)
Total net assets (liabilities) 30,641 12,135
Capital and reserves
Called up share capital 5 100 2
Revaluation reserve 0 -
Other reserves 20,765 -
Profit and loss account 9,776 12,133
Shareholders' funds 30,641 12,135
  • For the year ending 30 April 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 12 December 2014

And signed on their behalf by:
Anders Rask, Director

3B VISION LIMITED Registered Number SC410807

Notes to the Abbreviated Accounts for the period ended 30 April 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents revenue recognized by the company in respect of product sales and services provided during the period, exclusive of Value Added Tax.

2Intangible fixed assets
£
Cost
At 1 May 2013 130,912
Additions 122,383
Disposals -
Revaluations -
Transfers -
At 30 April 2014 253,295
Amortisation
At 1 May 2013 5,073
Charge for the year 13,103
On disposals -
At 30 April 2014 18,176
Net book values
At 30 April 2014 235,119
At 30 April 2013 125,839

Intangible Assets are valued at purchase price plus the value generated internally in the year, determined on a 10 years straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

3Tangible fixed assets
£
Cost
At 1 May 2013 11,430
Additions 5,265
Disposals -
Revaluations -
Transfers -
At 30 April 2014 16,695
Depreciation
At 1 May 2013 2,983
Charge for the year 3,373
On disposals -
At 30 April 2014 6,356
Net book values
At 30 April 2014 10,339
At 30 April 2013 8,447

Tangible Fixed Assets are stated at historical cost, less Accumulated depreciation, determined on a straight line basis in order to write off each assets over its estimated useful life. Office Equipments are depreciated at 20% per annual; and Plants and Equipments are depreciated at 25% per annual.

4Debtors

Trade Debtors are £4,272; Other Debtors are £15,156 including PAYE/NICs holiday of £13,988 and VAT repayment of £1,169.

5Called Up Share Capital
Allotted, called up and fully paid:
2014
£		 2013
£
100 Ordinary shares of £1 each (2 shares for 2013) 100 2

During the year, 98 ordinary shares of £1 each were issued, allotted and fully paid for cash at par.