Promach 3D Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 05076839

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2016

FOR

PROMACH 3D LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M Spooner

M Fazekas

REGISTERED OFFICE:

3 Victory Park

Victory Road

Derby

Derbyshire

DE24 8ZF

REGISTERED NUMBER:

05076839

ACCOUNTANTS:

RDG Accounting Ltd

Millhouse Business Centre

Station Road

Castle Donington

Derbyshire

DE74 2NJ

FIXED ASSETS

Intangible assets

2

1

Tangible assets

3

302,457

333,366

302,458

333,367

CURRENT ASSETS

Stocks

35,000

18,000

Debtors

129,041

134,586

Cash at bank and in hand

186,030

111,404

350,071

263,990

CREDITORS

Amounts falling due within one year

268,335

160,253

NET CURRENT ASSETS

81,736

103,737

TOTAL ASSETS LESS CURRENT
LIABILITIES

384,194

437,104

CREDITORS

Amounts falling due after more than one
year

(56,411

)

(114,211

)

PROVISIONS FOR LIABILITIES

(59,034

)

(64,391

)

NET ASSETS

268,749

258,502

CAPITAL AND RESERVES

Called up share capital

4

200

Share premium

58,000

Profit and loss account

210,549

200,302

SHAREHOLDERS' FUNDS

268,749

258,502

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 approved by the Board of Directors on 9 August 2016 and were signed on its behalf
by:

M Fazekas - Director

M Spooner - Director

1.	ACCOUNTING POLICIES

ACCOUNTING CONVENTION

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

TURNOVER

Turnover represents net invoiced sales of goods, excluding value added tax.

GOODWILL

Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its

estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or

changes in circumstances indicate that the carrying value may not be recoverable.

TANGIBLE FIXED ASSETS

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

Plant and machinery etc

-

15% on reducing balance

STOCKS

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due

allowance for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

DEFERRED TAX

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

balance sheet date.

HIRE PURCHASE AND LEASING COMMITMENTS

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

the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The company operates a defined contribution pension scheme. Contributions payable to the company's

pension scheme are charged to the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

1

NET BOOK VALUE

At 31 March 2016

1

At 31 March 2015

1

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

503,923

Additions

22,465

At 31 March 2016

526,388

DEPRECIATION

At 1 April 2015

170,557

Charge for year

53,374

At 31 March 2016

223,931

NET BOOK VALUE

At 31 March 2016

302,457

At 31 March 2015

333,366

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

180

Ordinary A

£1

180

20

Ordinary B

£1

20

200