Company Registration No. 05557360 (England and Wales)
3D Motorsport Limited
Accounts
for the year ended 30 September 2020
3D Motorsport Limited
Accounts
Contents
3D Motorsport Limited
Company Information
for the year ended 30 September 2020
Director
Mr Eliot Retallick
Company Number
05557360 (England and Wales)
Registered Office
Tyn Y Celyn
Cyffylliog
Ruthin
Denbighshire
LL15 2BT
United Kingdom
Accountants
3D Accountancy Ltd
Tyn y Celyn
Cyffylliog
Ruthin
Denbighshire
LL15 2BT
3D Motorsport Limited
Statement of financial position
as at
30 September 2020
Tangible assets
1,358
1,606
Inventories
26,527
27,014
Cash at bank and in hand
430
77
Creditors: amounts falling due within one year
(18,082)
(15,761)
Net current assets
9,925
11,709
Total assets less current liabilities
11,283
13,315
Creditors: amounts falling due after more than one year
(28,250)
(29,750)
Net liabilities
(16,967)
(16,435)
Called up share capital
100
100
Profit and loss account
(17,067)
(16,535)
Shareholders' funds
(16,967)
(16,435)
For the year ending 30 September 2020 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 his 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 28 June 2021 and were signed on its behalf by
Mr Eliot Retallick
Director
Company Registration No. 05557360
3D Motorsport Limited
Notes to the Accounts
for the year ended 30 September 2020
3D Motorsport Limited is a private company, limited by shares, registered in England and Wales, registration number 05557360. The registered office is Tyn Y Celyn, Cyffylliog, Ruthin, Denbighshire, LL15 2BT, United Kingdom.
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 represents gross invoiced provision of goods and services.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% on reducing balance
Motor vehicles
20% on motor vehicles
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 October 2019
12,039
1,100
13,139
At 30 September 2020
12,039
1,100
13,139
At 1 October 2019
10,597
936
11,533
Charge for the year
216
32
248
At 30 September 2020
10,813
968
11,781
At 30 September 2020
1,226
132
1,358
At 30 September 2019
1,442
164
1,606
3D Motorsport Limited
Notes to the Accounts
for the year ended 30 September 2020
5
Debtors: amounts falling due within one year
2020
2019
6
Creditors: amounts falling due within one year
2020
2019
Bank loans and overdrafts
1,800
1,800
Taxes and social security
204
342
Loans from directors
15,408
12,949
7
Creditors: amounts falling due after more than one year
2020
2019
8
Average number of employees
During the year the average number of employees was 1 (2019: 1).