Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01false5falseNo description of principal activity5falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08756764 2023-04-01 2024-03-31 08756764 2022-04-01 2023-03-31 08756764 2024-03-31 08756764 2023-03-31 08756764 c:Director1 2023-04-01 2024-03-31 08756764 d:OfficeEquipment 2023-04-01 2024-03-31 08756764 d:OfficeEquipment 2024-03-31 08756764 d:OfficeEquipment 2023-03-31 08756764 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08756764 d:CurrentFinancialInstruments 2024-03-31 08756764 d:CurrentFinancialInstruments 2023-03-31 08756764 d:Non-currentFinancialInstruments 2024-03-31 08756764 d:Non-currentFinancialInstruments 2023-03-31 08756764 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 08756764 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08756764 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 08756764 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 08756764 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 08756764 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 08756764 d:ShareCapital 2024-03-31 08756764 d:ShareCapital 2023-03-31 08756764 d:RetainedEarningsAccumulatedLosses 2024-03-31 08756764 d:RetainedEarningsAccumulatedLosses 2023-03-31 08756764 c:FRS102 2023-04-01 2024-03-31 08756764 c:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 08756764 c:FullAccounts 2023-04-01 2024-03-31 08756764 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08756764 2 2023-04-01 2024-03-31 08756764 6 2023-04-01 2024-03-31 08756764 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 08756764









3DCOMPOUND LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
3DCOMPOUND LTD
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF 3DCOMPOUND LTD
FOR THE YEAR ENDED 31 MARCH 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of 3DCOMPOUND LTD for the year ended 31 March 2024 which comprise  the Balance sheet and the related notes 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 https://www.icaew.com /regulation.

This report is made solely to the director of 3DCOMPOUND LTD in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of 3DCOMPOUND LTD and state those matters that we have agreed to state to the director of 3DCOMPOUND LTD in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 3DCOMPOUND LTD and its director for our work or for this report. 

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

We have not been instructed to carry out an audit or review of the financial statements of 3DCOMPOUND LTD. 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 financial statements.

  



The Woodstock Accountancy Practice Limited
 
Chartered Accountants
  
3A Market Place
Woodstock
Oxfordshire
OX20 1SY
26 November 2024
Page 1

 
3DCOMPOUND LTD
REGISTERED NUMBER: 08756764

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
7,290
2,423

Investments
 5 
-
20,000

  
7,290
22,423

Current assets
  

Debtors: amounts falling due within one year
 6 
6,316
4,418

Cash at bank and in hand
 7 
174,842
138,798

  
181,158
143,216

Creditors: amounts falling due within one year
 8 
(58,287)
(59,675)

Net current assets
  
 
 
122,871
 
 
83,541

Total assets less current liabilities
  
130,161
105,964

Creditors: amounts falling due after more than one year
 9 
(8,163)
(15,167)

  

Net assets
  
121,998
90,797


Capital and reserves
  

Called up share capital 
  
10
10

Profit and loss account
  
121,988
90,787

  
121,998
90,797


Page 2

 
3DCOMPOUND LTD
REGISTERED NUMBER: 08756764
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 November 2024.




A Rashidikamjani
Director

The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
3DCOMPOUND LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

3DCompound Ltd, Company Registration 08756764 incoporated in England and Wales.
Registered office address 3a Market Place, Woodstock, Oxon, OX20 1SY.
The company's principal activity is that of the software development.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Page 4

 
3DCOMPOUND LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 5

 
3DCOMPOUND LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
25%
Reducing Balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.11

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.13

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.14

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 6

 
3DCOMPOUND LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

2024
2023
£
£

Wages and salaries
171,815
149,798

Social security costs
12,692
10,821

Cost of defined contribution scheme
3,217
3,040

187,724
163,659


The average monthly number of employees, including directors, during the year was 5 (2023 - 5).


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 April 2023
8,140


Additions
5,618



At 31 March 2024

13,758



Depreciation


At 1 April 2023
5,717


Charge for the year on owned assets
751



At 31 March 2024

6,468



Net book value



At 31 March 2024
7,290



At 31 March 2023
2,423

Page 7

 
3DCOMPOUND LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Fixed asset investments





Unlisted investments

£





At 1 April 2023
20,000


Disposals
(20,000)



At 31 March 2024
-





6.


Debtors

2024
2023
£
£


Other debtors
6,316
4,418

6,316
4,418



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
174,842
138,798

Less: bank overdrafts
-
(1,477)

174,842
137,321



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
-
1,477

Bank loans
7,001
7,000

Other creditors
51,286
51,198

58,287
59,675


Page 8

 
3DCOMPOUND LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
8,163
15,167

8,163
15,167



10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
7,001
7,000


Amounts falling due 2-5 years

Bank loans
8,164
15,167


15,165
22,167



11.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held
separately from those of the Company in an independently administered fund. The pension cost charge
represents contributions payable by the Company to the fund and amounted to £3,217 (2023 - £3,040).
Contributions totalling £565 (2023 - £598) were payable to the fund at the balance sheet date and are
included in creditors.


12.


Related party transactions

The director of the company, Mr A Rashidikamjani, has advanced funds to the company, interest free and  unsecured. Details of the balance are set out below and disclosed within Other Creditors; Amounts
falling due within one year


2024
2023
£
£

Mr A Rashidikamjani
50,720
50,600
50,720
50,600

 
Page 9