3DG3 LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
Company Registration No. SC334137 (Scotland)
3DG3 LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 5
3DG3 LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2015
31 December 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Intangible assets
2
39,292
59,792
Tangible assets
2
639,676
497,421
678,968
557,213
Current assets
Stocks
20,520
8,607
Debtors
84,768
-
Cash at bank and in hand
85,818
102,219
191,106
110,826
Creditors: amounts falling due within one year
3
(272,410)
(231,098)
Net current liabilities
(81,304)
(120,272)
Total assets less current liabilities
597,664
436,941
Creditors: amounts falling due after more than one year
4
(91,518)
(111,188)
Provisions for liabilities
(38,591)
(22,681)
467,555
303,072
Capital and reserves
Called up share capital
5
2
2
Profit and loss account
467,553
303,070
Shareholders' funds
467,555
303,072
3DG3 LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2015
31 December 2015
- 2 -
For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his 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 22 June 2016
Mr Marco Edge
Director
Company Registration No. SC334137
3DG3 LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 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 January 2015).
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.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land 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:
Land and buildings Freehold
not provided
Land and buildings Leasehold
over 10 years
Plant and machinery
15% reducing balance
Fixtures, fittings & equipment
15% reducing balance
Motor vehicles
25% reducing balance
1.6
Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
1.7
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.
3DG3 LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2015
- 4 -
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 January 2015
205,000
686,954
891,954
Additions
-
184,502
184,502
At 31 December 2015
205,000
871,456
1,076,456
Depreciation
At 1 January 2015
145,208
189,532
334,740
Charge for the year
20,500
42,248
62,748
At 31 December 2015
165,708
231,780
397,488
Net book value
At 31 December 2015
39,292
639,676
678,968
At 31 December 2014
59,792
497,421
557,213
3
Creditors: amounts falling due within one year
The aggregate amount of creditors for which security has been given amounted to £5,228 (2014 - £71,518).
4
Creditors: amounts falling due after more than one year
The aggregate amount of creditors for which security has been given amounted to £0 (2014 - £27,739).
5
Share capital
2015
2014
£
£
Allotted, called up and fully paid
2 Ordinary shares of £1 each
2
2
3DG3 LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2015
- 5 -
6
Related party relationships and transactions
Loans to directors
Transactions in relation to loans with directors during the year are outlined in the table below:
Description
% Rate
Opening Balance
Amounts Advanced
Interest Charged
Amounts Repaid
Closing Balance
£
£
£
£
£
Directors loan
-
(15)
93,076
-
(44,000)
49,061
(15)
93,076
-
(44,000)
49,061
The balance on this loan is included in 'Other Debtors', the loan was repaid by the company's director after the company's year end.
Guarantees
The director, Marco Edge, has granted a personal guarantee in favour of the Clydesdale Bank plc up to a maximum of £125,000.