Abbreviated Company Accounts - 3-SPACE (UK) LIMITED

3-SPACE (UK) LIMITED - Company Information

08548431 3-SPACE (UK) LIMITED 2015-03-31 false 2014-04-01 2015-03-31 true 08548431 2014-04-01 2015-03-31 08548431 2015-03-31 08548431 2014-03-31 08548431 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 08548431 uk-gaap-cd-bus:Director2 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 iso4217:GBP shares

Registered Number 08548431

3-SPACE (UK) LIMITED

Abbreviated Accounts

31 March 2015

3-SPACE (UK) LIMITED Registered Number 08548431

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	9,092	4,276
		9,092	4,276
Current assets
Debtors		705,954	68,653
Cash at bank and in hand		277,383	83,018
		983,337	151,671
Creditors: amounts falling due within one year		(886,483)	(92,340)
Net current assets (liabilities)		96,854	59,331
Total assets less current liabilities		105,946	63,607
Total net assets (liabilities)		105,946	63,607
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		105,846	63,507
Shareholders' funds		105,946	63,607

For the year ending 31 March 2015 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 3 July 2015

And signed on their behalf by:
K Lowe, Director

3-SPACE (UK) LIMITED Registered Number 08548431

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The full financial statements, from which these abbreviated accounts have been extracted, 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 comprises revenue recognised by the company in respect of interior design and build services supplied during the year, exclusive of Value Added Tax 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 of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Equipment - 25% - 33% straight line

Other accounting policies
Operating leases

Rentals under operating leases are charged to the Profit and loss account on a straight line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the period until the date the rent is expected to be adjusted to the prevailing market rate.

Pensions

The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.

2Tangible fixed assets

	£
Cost
At 1 April 2014	4,508
Additions	8,899
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	13,407
Depreciation
At 1 April 2014	232
Charge for the year	4,083
On disposals	-
At 31 March 2015	4,315
Net book values
At 31 March 2015	9,092
At 31 March 2014	4,276

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100