SC294109 1.1.14 31.12.14 31.12.14 Company accounts Private Limited Company FY true false true false true false false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC2941092013-12-31SC2941092014-12-31SC2941092014-01-012014-12-31SC2941092012-12-31SC2941092013-01-012013-12-31SC2941092013-12-31SC294109ns12:Scotland2014-01-012014-12-31SC294109ns14:PoundSterling2014-01-012014-12-31SC294109ns7:Director12014-01-012014-12-31SC294109ns7:OrdinaryShareClass12014-01-012014-12-31SC294109ns7:CompanySecretary2014-01-012014-12-31SC294109ns7:RegisteredOffice2014-01-012014-12-31SC294109ns7:EntityAccountantsOrAuditors2014-01-012014-12-31SC294109ns7:EntityBankers2014-01-012014-12-31SC294109ns5:ImprovementsOrDevelopmentAssets2014-01-012014-12-31SC294109ns5:PlantMachinery2014-01-012014-12-31SC294109ns5:FixturesFittings2014-01-012014-12-31SC294109ns5:MotorVehicles2014-01-012014-12-31SC294109ns5:ComputerEquipment2014-01-012014-12-31SC294109ns5:FixedAssetInvestmentsOtherThanLoans2014-12-31SC294109ns5:FixedAssetInvestmentsOtherThanLoans2013-12-31SC294109ns7:OrdinaryShareClass12014-12-31SC294109ns7:OrdinaryShareClass12013-12-31
REGISTERED NUMBER: SC294109 (Scotland)















3D PRECISION ENGINEERING LIMITED

Abbreviated Unaudited Accounts

for the Year Ended 31 December 2014





3D PRECISION ENGINEERING LIMITED (REGISTERED NUMBER: SC294109)






Contents of the Abbreviated Accounts
for the Year Ended 31 December 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Chartered Accountants' Report 6
3D PRECISION ENGINEERING LIMITED

Company Information
for the Year Ended 31 December 2014







DIRECTOR: S Bonnar



SECRETARY: Mrs N Bonnar



REGISTERED OFFICE: Unit 22B
Midfield Road
Mitchelston Industrial Estate
Kirkcaldy
Fife
KY1 3NL



REGISTERED NUMBER: SC294109 (Scotland)



ACCOUNTANTS: Harley Hepburn
28 Townsend Place
Kirkcaldy
Fife
KY1 1HB



BANKERS: The Royal Bank of Scotland plc
23/25 Rosslyn Street
Kirkcaldy
Fife
KY1 3HW
3D PRECISION ENGINEERING LIMITED (REGISTERED NUMBER: SC294109)

Abbreviated Balance Sheet
31 December 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 140,251 169,763
Investments 3 98,056 96,702
238,307 266,465

CURRENT ASSETS
Stocks 35,511 19,410
Debtors 76,468 93,526
Cash at bank and in hand 943,048 785,081
1,055,027 898,017
CREDITORS
Amounts falling due within one year 236,337 182,674
NET CURRENT ASSETS 818,690 715,343
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,056,997

981,808

CREDITORS
Amounts falling due after more than one
year

(7,797
)
(33,170
)

PROVISIONS FOR LIABILITIES (15,989 ) (22,594 )
NET ASSETS 1,033,211 926,044

CAPITAL AND RESERVES
Called up share capital 4 6 6
Profit and loss account 1,033,205 926,038
SHAREHOLDERS' FUNDS 1,033,211 926,044

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a) ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end
of each financial year and of its profit or loss for each financial year in accordance with the requirements of
Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to
financial statements, so far as applicable to the company.
3D PRECISION ENGINEERING LIMITED (REGISTERED NUMBER: SC294109)

Abbreviated Balance Sheet - continued
31 December 2014


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 24 March 2015 and were signed by:





S Bonnar - Director

3D PRECISION ENGINEERING LIMITED (REGISTERED NUMBER: SC294109)

Notes to the Abbreviated Accounts
for the Year Ended 31 December 2014

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover
Turnover represents sale of goods and services provided net of Value Added Tax and trade discounts. Turnover
is recognised when the goods and services are physically provided to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Tenants improvements - 10% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net
realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow
moving, obsolete or damaged stock where the net realisable value is less than cost.

Deferred tax
The charge for taxation takes into account taxation deferred as a result of timing differences between the
treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in
respect of all timing differences that have originated but not reversed at the Balance Sheet date. However,
deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that
there will be suitable taxable profits from which the future reversal of the underlying timing differences can be
deducted. Deferred taxation is measured on a non-discounted basis at the average tax rates that are expected to
apply in the periods in which the timing differences reverse, based on tax rates and laws enacted or substantially
enacted at the Balance Sheet date.

Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no
commitment to sell the assets.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases
are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The
capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to the profit and loss account in the period to which they relate.
3D PRECISION ENGINEERING LIMITED (REGISTERED NUMBER: SC294109)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 December 2014

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2014 413,622
Additions 8,000
At 31 December 2014 421,622
DEPRECIATION
At 1 January 2014 243,859
Charge for year 37,512
At 31 December 2014 281,371
NET BOOK VALUE
At 31 December 2014 140,251
At 31 December 2013 169,763

3. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1 January 2014 96,702
Additions 1,354
At 31 December 2014 98,056
NET BOOK VALUE
At 31 December 2014 98,056
At 31 December 2013 96,702

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
6 Ordinary £1 6 6

5. RELATED PARTY DISCLOSURES

During the year, total dividends of £138,000 (2013 - £83,333) were paid to the director .

Included in creditors is a directors current account totalling £124.

6. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S Bonnar.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
3D Precision Engineering Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)
have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of 3D Precision Engineering Limited for the year ended 31 December 2014 which comprise the
Profit and Loss Account, 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 of Scotland, we are subject to its ethical and
other professional requirements which are detailed at http://www.icas.org.uk/accountspreparationguidance.

This report is made solely to the director of 3D Precision Engineering Limited in accordance with our terms of
engagement. Our work has been undertaken solely to prepare for your approval the financial statements of 3D Precision
Engineering Limited and state those matters that we have agreed to state to the director of 3D Precision Engineering
Limited in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as
detailed at http://www.icas.org.uk/accountspreparationguidance. To the fullest extent permitted by law, we do not
accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that 3D Precision Engineering Limited 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 3D
Precision Engineering Limited. You consider that 3D Precision Engineering 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 financial statements of 3D Precision Engineering
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 financial
statements.






Harley Hepburn
28 Townsend Place
Kirkcaldy
Fife
KY1 1HB


24 March 2015

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