Arum 3D Solutions Ltd
Registered number: 09887752
Balance Sheet
as at 30 November 2021
Notes 2021 2020
£ £
Fixed assets
Tangible assets 3 151,369 198,598
Current assets
Stocks 599,776 631,669
Debtors 4 859,532 567,543
Cash at bank and in hand 290,229 265,980
1,749,537 1,465,192
Creditors: amounts falling due within one year 5 (369,024) (233,230)
Net current assets 1,380,513 1,231,962
Total assets less current liabilities 1,531,882 1,430,560
Creditors: amounts falling due after more than one year 6 - (243,039)
Net assets 1,531,882 1,187,521
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,531,782 1,187,421
Shareholders' funds 1,531,882 1,187,521
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
H I Choi
Director
Approved by the board on 25 July 2022
Arum 3D Solutions Ltd
Notes to the Accounts
for the year ended 30 November 2021
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Computer equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2021 2020
Number Number
Average number of persons employed by the company 4 6
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2020 329,625
Additions 801
At 30 November 2021 330,426
Depreciation
At 1 December 2020 131,027
Charge for the year 48,030
At 30 November 2021 179,057
Net book value
At 30 November 2021 151,369
At 30 November 2020 198,598
4 Debtors 2021 2020
£ £
Trade debtors 783,744 459,680
Other debtors 75,788 107,863
859,532 567,543
5 Creditors: amounts falling due within one year 2021 2020
£ £
Bank loans and overdrafts 50,000 -
Trade creditors 141,132 157,254
Corporation tax 83,305 74,476
Other creditors 94,587 1,500
369,024 233,230
6 Creditors: amounts falling due after one year 2021 2020
£ £
Other creditors - 243,039
7 Other information
Arum 3D Solutions Ltd is a private company limited by shares and incorporated in England. Its registered office is:
26C Lyon Road
Walton-On-Thames
Surrey
KT12 3PU
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