3D Personnel (NI) Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: NI630060 (Northern Ireland)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

3D PERSONNEL (NI) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

5

DIRECTORS:

M Byrne

D Doherty

J McGowan

SECRETARY:

Mrs E Byrne

REGISTERED OFFICE:

17 Clarendon Road

Belfast

BT1 3BG

REGISTERED NUMBER:

NI630060 (Northern Ireland)

AUDITORS:

Baker Tilly Mooney Moore

Statutory Auditors

17 Clarendon Road

Clarendon Dock

Belfast

BT1 3BG

CURRENT ASSETS

Debtors

4

104,342

106,745

Cash at bank

921

1,082

105,263

107,827

CREDITORS

Amounts falling due within one year

5

109,430

106,771

NET CURRENT (LIABILITIES)/ASSETS

(4,167

)

1,056

TOTAL ASSETS LESS CURRENT LIABILITIES

(4,167

)

1,056

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(4,169

)

1,054

SHAREHOLDERS' FUNDS

(4,167

)

1,056

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were authorised for issue by the Board of Directors and authorised for issue on 24 August 2023 and were signed on its behalf by:

M Byrne - Director

1.	STATUTORY INFORMATION

3D Personnel (NI) Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention,

Financial statements prepared on a basis other than going concern

During the prior year end the trade and assets of the company was transferred to a fellow subsidiary within the group. The company will remain in existence albeit on a non-trading basis, therefore the financial statements have been prepared on a basis other than going concern.

Significant judgements and estimates

The directors believe that there are no significant judgements and estimates involved in the preparation of these financial statements.

Tangible fixed assets

Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided at the following annual rates in order to write off each asset over its estimate useful life:

Fixtures, fittings & equipment

20% on cost

Financial instruments

All financial instruments of the company are considered to meet the definition of basic financial instruments.

- Short term debtors and creditors

Debtors and creditors with no stated interest rate and are receivable or payable on demand are recognised at transaction price, and subject to annual impairment reviews. Any losses arising on impairment are recognised in the profit and loss account.

- Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Amounts owed by group undertakings

104,341

106,744

Other debtors

1

1

104,342

106,745

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Trade creditors

2,659

-

Amounts owed to group undertakings

105,000

105,000

Taxation and social security

1,771

1,771

109,430

106,771

6.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Eimear Brown (Senior Statutory Auditor)

for and on behalf of Baker Tilly Mooney Moore

7.	RELATED PARTY DISCLOSURES

The company has taken the exemption contained in FRS 102 Section 33.1A - "Related Party Disclosure" not to disclose any transactions with its parent undertakings, fellow subsidiary undertakings or the associated undertakings of any group company on the grounds that it is a 100% owned subsidiary and the consolidated accounts of 3D Personnel Group Limited, in which the company is included, are publically available.

8.	ULTIMATE CONTROLLING PARTY