3D Personnel Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: SC315316 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

3D PERSONNEL LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

to

4

Accountants' Report

5

DIRECTORS:

D Doherty

M Byrne

D Whitehouse

SECRETARY:

Mrs E Doherty

REGISTERED OFFICE:

14 Crown Terrace

Aberdeen

AB11 6HE

REGISTERED NUMBER:

SC315316 (Scotland)

ACCOUNTANTS:

Baker Tilly Mooney Moore

17 Clarendon Road

Clarendon Dock

Belfast

Co. Antrim

BT1 3BG

BANKERS:

NatWest Bank PLC

1 Lower Northam Road

Hedge End

Southampton

Hampshire

SO30 4FN

FIXED ASSETS

Tangible assets

2

10,778

26,495

CURRENT ASSETS

Debtors

3,123,658

2,846,230

Cash at bank

312,110

91,777

3,435,768

2,938,007

CREDITORS

Amounts falling due within one year

2,913,555

2,604,380

NET CURRENT ASSETS

522,213

333,627

TOTAL ASSETS LESS CURRENT
LIABILITIES

532,991

360,122

CAPITAL AND RESERVES

Called up share capital

3

200

Retained earnings

532,791

359,922

SHAREHOLDERS' FUNDS

532,991

360,122

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were authorised for issue by the Board of Directors on 28 June 2016 and were signed on its
behalf by:

D Doherty - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with 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.

These are the company's first set of financial statements prepared in accordance with FRS 102. The date of

transition was 1 January 2014. Details of how FRS 102 has affected the reported financial position and financial

performance of the company are given on pages 12 to 14.

Financial reporting standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemption in preparing these financial statements,

as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

•

the requirements of Section 7 Statement of Cash Flows.

Significant judgements and estimates

In preparing these financial statements the directors have made the following judgements:

Determine whether there are indicators of impairment of the company's tangible assets. Factors taken into

consideration in reaching such a decision include the economic viability and expected future financial

performance of the asset and the business in general.

Consider the recoverability of trade debtors and the need for impairment provisions. These considerations are

undertaken regularly by the directors, and especially at the year end date. Factors taken into account include

historical experience, current market conditions and knowledge of the sector. Amounts identified as

irrecoverable will be provided against in the relevant period.

The directors also consider the depreciation rates on an annual basis to ensure there is sufficient evidence to

support these and that the estimates remains reasonable.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

33% on reducing balance and 20% on cost

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets held under finance leases, which are leases where substantially all the risks and rewards of the ownership

of the asset have passed to the company, and hire purchase contracts, are capitalised in the balance sheet at their

fair value and are depreciated over their useful lives. The capital elements of future obligations under the leases

and hire purchase contracts are included as liabilities in the balance sheet.

The interest elements of the rental obligations are charged in the profit and loss account over the periods of the

leases and hire purchase contracts and represent a constant proportion of the balance of the capital repayments

outstanding.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease to which they relate.

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

98,546

DEPRECIATION

At 1 January 2015

72,051

Charge for year

15,717

At 31 December 2015

87,768

NET BOOK VALUE

At 31 December 2015

10,778

At 31 December 2014

26,495

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

200

Ordinary

1

200

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of 3D Personnel Limited for the year ended 31 December 2015 which comprise the Statement of

Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's

accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of 3D Personnel Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of 3D Personnel Limited and state those matters that we have agreed to state to the Board of Directors of 3D Personnel Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that 3D Personnel Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of 3D Personnel Limited. You consider that 3D Personnel Limited is exempt from the statutory audit requirement for the year.