Company Registration No. NI644178 (Northern Ireland)
3D Imito Ltd
Unaudited accounts
for the year ended 28 February 2023
3D Imito Ltd
Unaudited accounts
Contents
3D Imito Ltd
Company Information
for the year ended 28 February 2023
Company Number
NI644178 (Northern Ireland)
Registered Office
Unit 4a Channel Wharf
21 Old Channel Road
Belfast
Co. Antrim
BT3 9DE
Northern Ireland
Accountants
Gray + Press Accountants Limited
Unit 4A Channel Wharf
21 Old Channel Road
Belfast
BT3 9DE
3D Imito Ltd
Statement of financial position
as at 28 February 2023
Investment property
1,855,175
1,855,175
Cash at bank and in hand
5,770
3,382
Creditors: amounts falling due within one year
(1,719,615)
(1,770,044)
Net current liabilities
(1,713,845)
(1,766,580)
Called up share capital
100
100
Profit and loss account
141,230
88,495
Shareholders' funds
141,330
88,595
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 November 2023 and were signed on its behalf by
Yulia Giluch
Director
Company Registration No. NI644178
3D Imito Ltd
Notes to the Accounts
for the year ended 28 February 2023
3D Imito Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI644178. The registered office is Unit 4a Channel Wharf, 21 Old Channel Road, Belfast, Co. Antrim, BT3 9DE, Northern Ireland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Cash Flow Statement because it is classified as a small company.
Investment property is measured at fair value with changes in fair value recognised in the Profit and Loss Account. Revalued investment properties are not depreciated or amortised.
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
Trade and other creditors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
Fair value at 1 March 2022
1,855,175
At 28 February 2023
1,855,175
Investment property is carried at fair value determined annually by the directors. There has not been a third party valuation carried out on the property. The directors are of the opinion that the fair value is reflective of the value which could be realised in the event of a sale.
3D Imito Ltd
Notes to the Accounts
for the year ended 28 February 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
12,699
14,551
Other creditors
88,124
88,282
Loans from directors
1,617,369
1,665,869
7
Transactions with related parties
Included in other creditors are amounts due to other related parties of £88,124 (2022: £88,282).
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).