3_D_TRANSPORT_(BERWICK)_L - Accounts

3 D TRANSPORT (BERWICK) LTD - Company Information

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Company Registration No. 07313197 (England and Wales)

3 D TRANSPORT (BERWICK) LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

3 D TRANSPORT (BERWICK) LTD

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 5

3 D TRANSPORT (BERWICK) LTD

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Intangible assets

4,500

Tangible assets

647,808

383,758

Investments

647,809

388,259

Current assets

Stocks

13,500

10,500

Debtors

314,588

338,537

Cash at bank and in hand

328,135

349,037

Creditors: amounts falling due within one year

(624,754)

(713,763)

Net current liabilities

(296,619)

(364,726)

Total assets less current liabilities

351,190

23,533

Creditors: amounts falling due after more than one year

(228,833)

(85,984)

Provisions for liabilities

(61,544)

(37,853)

60,813

(100,304)

Capital and reserves

Called up share capital

Profit and loss account

60,723

(100,394)

Shareholders' funds

60,813

(100,304)

3 D TRANSPORT (BERWICK) LTD

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MARCH 2016

- 2 -

For the financial year ended 31 March 2016 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 2016

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 2016

- 3 -

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 January 2015).

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 2016

Accounting policies

(Continued)

- 4 -

Fixed assets

Intangible assets

Tangible assets

Investments

Total

Cost

At 1 April 2015

60,000

787,002

847,003

Additions

417,300

Disposals

(109,730)

At 31 March 2016

60,000

1,094,572

1,154,573

Depreciation

At 1 April 2015

55,500

403,244

458,744

On disposals

(76,904)

Charge for the year

4,500

120,424

124,924

At 31 March 2016

60,000

446,764

506,764

Net book value

At 31 March 2016

647,808

647,809

At 31 March 2015

4,500

383,758

388,259

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £112,868 (2015 - £59,320).

Creditors: amounts falling due after more than one year

The aggregate amount of creditors for which security has been given amounted to £228,833 (2015 - £85,984).

Share capital

2016

2015

Allotted, called up and fully paid

90 Ordinary shares of £1 each

3 D TRANSPORT (BERWICK) LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 5 -

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.