Abbreviated Company Accounts - 3 DESIGN CONCEPTS LIMITED

Abbreviated Company Accounts - 3 DESIGN CONCEPTS LIMITED

3 DESIGN CONCEPTS LIMITED - Company Information

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Registered Number 06954117

3 DESIGN CONCEPTS LIMITED

Abbreviated Accounts

31 July 2014

3 DESIGN CONCEPTS LIMITED Registered Number 06954117

Abbreviated Balance Sheet as at 31 July 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 678 1,701
678 1,701
Current assets
Debtors 16,772 1,520
Cash at bank and in hand 45,006 66,561
61,778 68,081
Creditors: amounts falling due within one year (61,555) (69,157)
Net current assets (liabilities) 223 (1,076)
Total assets less current liabilities 901 625
Total net assets (liabilities) 901 625
Capital and reserves
Called up share capital 2 2
Profit and loss account 899 623
Shareholders' funds 901 625
  • For the year ending 31 July 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 27 March 2015

And signed on their behalf by:
D Watts, Director

3 DESIGN CONCEPTS LIMITED Registered Number 06954117

Notes to the Abbreviated Accounts for the period ended 31 July 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
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
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:
Computer equipment 33% straight line
Fixtures, fittings & equipment 25% straight line

2Tangible fixed assets
£
Cost
At 1 August 2013 7,052
Additions 529
Disposals -
Revaluations -
Transfers -
At 31 July 2014 7,581
Depreciation
At 1 August 2013 5,351
Charge for the year 1,552
On disposals -
At 31 July 2014 6,903
Net book values
At 31 July 2014 678
At 31 July 2013 1,701