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3DM Leisure Limited

Unaudited Abridged Financial Accounts

for the Year Ended 31 December 2022

Registration number: 08369086

 

3DM Leisure Limited

Contents

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Unaudited Abridged Financial Statements

3 to 4

 

3DM Leisure Limited

Company Information

Directors

M C Price

R L Price

Registered office

Stanmore House
64-68 Blackburn Street
Radcliffe
Manchester
M26 2JS

Accountants

Gortons
Chartered Accountants
Stanmore House
64-68 Blackburn Street
Radcliffe
Manchester
M26 2JS

 

3DM Leisure Limited

(Registration number: 08369086)
Abridged Balance Sheet as at 31 December 2022

Note

2022
£

2021
£

Fixed assets

 

Tangible assets

4

9,121

28,274

Current assets

 

Stocks

8,484

8,028

Debtors

427,804

271,576

Cash at bank and in hand

 

19,227

39,371

 

455,515

318,975

Creditors: Amounts falling due within one year

(182,189)

(106,695)

Net current assets

 

273,326

212,280

Total assets less current liabilities

 

282,447

240,554

Creditors: Amounts falling due after more than one year

(85,224)

(101,596)

Accruals and deferred income

 

(3,100)

(1,050)

Net assets

 

194,123

137,908

Capital and reserves

 

Called up share capital

5

100

100

Retained earnings

194,023

137,808

Shareholders' funds

 

194,123

137,908

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

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial accounts 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.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 15 March 2024 and signed on its behalf by:
 

.........................................
M C Price
Director

 

3DM Leisure Limited

Notes to the Unaudited Abridged Financial Accounts for the
Year Ended 31 December 2022

1

General information

The company is a private company limited by share capital, incorporated in England and Wales. The company's registration number is 08369086 and the registered office address is Stanmore House, 64-68 Blackburn Street, Radcliffe, Manchester, M26 2JS.

These financial statements were authorised for issue by the Board on 15 March 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial accounts 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 represents the invoiced value of goods and services, net of Value Added Tax.

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, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures, fittings and equipment

25% straight line method

Stocks

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion, and selling costs.

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 directors) during the year, was 19 (2021 - 15).

 

3DM Leisure Limited

Notes to the Unaudited Abridged Financial Accounts for the
Year Ended 31 December 2022

4

Tangible assets

Total
£

Cost or valuation

At 1 January 2022

84,079

Additions

16,891

Disposals

(91,003)

At 31 December 2022

9,967

Depreciation

At 1 January 2022

55,805

Charge for the year

6,016

Eliminated on disposal

(60,975)

At 31 December 2022

846

Carrying amount

At 31 December 2022

9,121

At 31 December 2021

28,274

5

Share capital

Allotted, called up and fully paid shares

2022

2021

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

6

Financial commitments, guarantees and contingencies

Amounts disclosed in the balance sheet

Included in the balance sheet are employer pension contributions paid after date of £428 (2021 - £327).

7

Related party transactions

The directors have a joint loan account with the company which was overdrawn by £81,113 at the year end (2021 - £38,790). The loan account was overdrawn to a maximum of £89,131 in the year (2021 - £199,352). During the year the company made total advances to the directors of £81,932 and received credits of £41,040. Interest at a commercial rate has been charged on this loan which is repayable on demand.

8

Transition to FRS 102

There have been no reclassifications or remeasurements of any of the figures at 31 December 2020 or 2021 and therefore the figures are as originally reported.