3_D_TRANSPORT_(BERWICK)_L - Accounts


Company Registration No. 07313197 (England and Wales)
3 D TRANSPORT (BERWICK) LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
3 D TRANSPORT (BERWICK) LTD
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
3 D TRANSPORT (BERWICK) LTD
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2015
31 March 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Intangible assets
2
4,500
16,500
Tangible assets
2
383,758
278,927
Investments
2
1
1
388,259
295,428
Current assets
Stocks
10,500
10,000
Debtors
338,537
288,281
349,037
298,281
Creditors: amounts falling due within one year
3
(713,763)
(765,955)
Net current liabilities
(364,726)
(467,674)
Total assets less current liabilities
23,533
(172,246)
Creditors: amounts falling due after more than one year
4
(85,984)
(31,559)
Provisions for liabilities
(37,853)
(12,130)
(100,304)
(215,935)
Capital and reserves
Called up share capital
5
90
90
Profit and loss account
(100,394)
(216,025)
Shareholders'  funds
(100,304)
(215,935)
3 D TRANSPORT (BERWICK) LTD
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2015
31 March 2015
- 2 -
For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 17 November 2015
Mr. W.J. Douglas
Director
Company Registration No. 07313197
3 D TRANSPORT (BERWICK) LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
- 3 -
1
Accounting policies
1.1
Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements are prepared on a going concern basis which assumes the continuing support of the company's directors. In the event of the withdrawal of this support then the use of this basis may need to be reviewed for appropriateness, and assets revalued to a value in the event of a forced sale.

1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 5 years.

1.5
Tangible fixed assets and depreciation
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:
Plant and machinery
15% Reducing Balance
Office equipment
20% Straight Line
Motor vehicles
25% Reducing Balance
1.6
Leasing and hire purchase commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
1.7
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.8
Stock
Stock is valued at the lower of cost and net realisable value.
1.9
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes.  The deferred tax balance has not been discounted.
1.10
Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

3 D TRANSPORT (BERWICK) LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2015
1
Accounting policies
(Continued)
- 4 -
2
Fixed assets
Intangible assets
Tangible assets
Investments
Total
£
£
£
£
Cost
At 1 April 2014
60,000
591,323
1
651,324
Additions
-
195,679
-
195,679
At 31 March 2015
60,000
787,002
1
847,003
Depreciation
At 1 April 2014
43,500
312,396
-
355,896
Charge for the year
12,000
90,848
-
102,848
At 31 March 2015
55,500
403,244
-
458,744
Net book value
At 31 March 2015
4,500
383,758
1
388,259
At 31 March 2014
16,500
278,927
1
295,428
3
Creditors: amounts falling due within one year
The aggregate amount of creditors for which security has been given amounted to £59,320 (2014 - £39,291).
4
Creditors: amounts falling due after more than one year
The aggregate amount of creditors for which security has been given amounted to £85,984 (2014 - £31,559).
5
Share capital
2015
2014
£
£
Allotted, called up and fully paid
90Ordinary shares of £1 each
90
90
6
Ultimate parent company

The company is a wholly owned subsidiary of 3 D Contract Services Limited, a company incorporated in the UK. As such the ultimate controlling party of the company are the shareholders of 3 D Contract Services Limited.

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