3D CNC Limited 06532161 false 2021-04-01 2022-03-31 2022-03-31 The principal activity of the company is precision engineering Digita Accounts Production Advanced 6.30.9574.0 true 06532161 2021-04-01 2022-03-31 06532161 2022-03-31 06532161 bus:OrdinaryShareClass2 2022-03-31 06532161 core:RetainedEarningsAccumulatedLosses 2022-03-31 06532161 core:ShareCapital 2022-03-31 06532161 core:FinanceLeases core:CurrentFinancialInstruments 2022-03-31 06532161 core:CurrentFinancialInstruments 2022-03-31 06532161 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 06532161 core:FurnitureFittings 2022-03-31 06532161 core:MotorVehicles 2022-03-31 06532161 core:PlantMachinery 2022-03-31 06532161 bus:SmallEntities 2021-04-01 2022-03-31 06532161 bus:AuditExemptWithAccountantsReport 2021-04-01 2022-03-31 06532161 bus:FullAccounts 2021-04-01 2022-03-31 06532161 bus:SmallCompaniesRegimeForAccounts 2021-04-01 2022-03-31 06532161 bus:RegisteredOffice 2021-04-01 2022-03-31 06532161 bus:Director2 2021-04-01 2022-03-31 06532161 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 06532161 bus:OrdinaryShareClass2 2021-04-01 2022-03-31 06532161 bus:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31 06532161 bus:Agent1 2021-04-01 2022-03-31 06532161 core:FurnitureFittings 2021-04-01 2022-03-31 06532161 core:MotorVehicles 2021-04-01 2022-03-31 06532161 core:PlantMachinery 2021-04-01 2022-03-31 06532161 countries:England 2021-04-01 2022-03-31 06532161 2021-03-31 06532161 core:FurnitureFittings 2021-03-31 06532161 core:MotorVehicles 2021-03-31 06532161 core:PlantMachinery 2021-03-31 06532161 2020-04-01 2021-03-31 06532161 2021-03-31 06532161 bus:OrdinaryShareClass2 2021-03-31 06532161 core:RetainedEarningsAccumulatedLosses 2021-03-31 06532161 core:ShareCapital 2021-03-31 06532161 core:FinanceLeases core:CurrentFinancialInstruments 2021-03-31 06532161 core:CurrentFinancialInstruments 2021-03-31 06532161 core:CurrentFinancialInstruments core:WithinOneYear 2021-03-31 06532161 core:FurnitureFittings 2021-03-31 06532161 core:MotorVehicles 2021-03-31 06532161 core:PlantMachinery 2021-03-31 06532161 bus:OrdinaryShareClass1 2020-04-01 2021-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 06532161

3D CNC Limited

Annual Report and Unaudited Financial Statements Year Ended 31 March 2022

image-name

Chartered Accountants

 

3D CNC Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 8

 

3D CNC Limited

Company Information

Director

Mr Simon Morris

Registered office

Unit E20, Admiralty Park
Station Road
Holton Heath
POOLE, Dorset
BH16 6HX

Accountants

Edwards & Keeping
Chartered Accountants
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
3D CNC Limitedfor the Year Ended 31 March 2022

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of 3D CNC Limited for the year ended 31 March 2022 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of 3D CNC Limited, as a body, in accordance with the terms of our engagement letter dated 19 August 2014. Our work has been undertaken solely to prepare for your approval the accounts of 3D CNC Limited and state those matters that we have agreed to state to the Board of Directors of 3D CNC Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 3D CNC Limited and its Board of Directors as a body for our work or for this report.

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

We have not been instructed to carry out an audit or a review of the accounts of 3D CNC Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.






Edwards & Keeping
Chartered Accountants
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

24 August 2022

 

3D CNC Limited

(Registration number: 06532161)
Balance Sheet as at 31 March 2022

Note

2022
 

2021
 

   

£

£

£

£

Fixed assets

   

 

Tangible assets

4

 

61,530

 

78,252

Current assets

   

 

Stocks

11,973

 

8,415

 

Debtors

5

103,475

 

62,736

 

Cash at bank and in hand

 

197,716

 

185,644

 

 

313,164

 

256,795

 

Creditors: Amounts falling due within one year

6

(75,112)

 

(75,260)

 

Net current assets

   

238,052

 

181,535

Net assets

   

299,582

 

259,787

Capital and reserves

   

 

Called up share capital

2

 

2

 

Profit and loss account

299,580

 

259,785

 

Shareholders funds

   

299,582

 

259,787

For the financial year ending 31 March 2022 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 accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 22 August 2022
 


Mr Simon Morris
Director

   
     
 

3D CNC Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2022

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unit E20, Admiralty Park
Station Road
Holton Heath
POOLE, Dorset
BH16 6HX

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures, fittings and equipment

20% straight line

Plant and equipment

20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash.

 

3D CNC Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2022

Trade debtors

Trade debtors are amounts due from customers for goods sold in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 8 (2021 - 8).

 

3D CNC Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2022

4

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2021

9,702

232,306

53,890

295,898

Additions

846

873

-

1,719

At 31 March 2022

10,548

233,179

53,890

297,617

Depreciation

At 1 April 2021

8,705

200,857

8,084

217,646

Charge for the year

630

9,727

8,084

18,441

At 31 March 2022

9,335

210,584

16,168

236,087

Carrying amount

At 31 March 2022

1,213

22,595

37,722

61,530

At 31 March 2021

997

31,449

45,806

78,252

5

Debtors

2022
£

2021
£

Trade debtors

92,026

55,965

Other debtors

11,449

6,771

103,475

62,736

6

Creditors

Creditors: amounts falling due within one year

Note

2022
£

2021
£

Due within one year

 

Loans and borrowings

8

-

12,142

Trade creditors

 

19,070

19,929

Taxation and social security

 

54,334

26,689

Accruals and deferred income

 

1,400

1,400

Other creditors

 

308

15,100

 

75,112

75,260

 

3D CNC Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2022

7

Share capital

Allotted, called up and fully paid shares

 

2022

2021

 

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2

         
 

3D CNC Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2022

8

Loans and borrowings

2022
£

2021
£

Current loans and borrowings

Finance lease liabilities

-

12,142

9

Dividends

Interim dividends paid

   

2022
£

 

2021
£

Interim dividend of £15 (2021 - £14) per each Ordinary

 

29,000

 

27,500

         

10

Related party transactions

Directors' remuneration

The director's remuneration for the year was as follows:

2022
£

2021
£

Remuneration

22,208

22,208

Contributions paid to money purchase schemes

1,200

1,200

23,408

23,408