REGISTERED NUMBER: 07310971 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2017

for

3 LEGGED THING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D J Lenihan

G I Garber

REGISTERED OFFICE:

Avaland House

110 London Road

Hemel Hempstead

Hertfordshire

HP3 9SD

REGISTERED NUMBER:

07310971 (England and Wales)

ACCOUNTANTS:

David Lindon & Co

Chartered Accountants

Avaland House

110 London Road

Hemel Hempstead

Hertfordshire

HP3 9SD

FIXED ASSETS

Intangible assets

4

3,955

-

Tangible assets

5

13,770

16,575

Investments

6

12,000

12,000

29,725

28,575

CURRENT ASSETS

Stocks

7

126,246

47,854

Debtors

8

304,837

214,519

Cash at bank and in hand

107,182

35,290

538,265

297,663

CREDITORS

Amounts falling due within one year

9

235,697

238,598

NET CURRENT ASSETS

302,568

59,065

TOTAL ASSETS LESS CURRENT LIABILITIES

332,293

87,640

CREDITORS

Amounts falling due after more than one year

10

321,179

393,847

NET ASSETS/(LIABILITIES)

11,114

(306,207

)

CAPITAL AND RESERVES

Called up share capital

11

10,000

10,000

Share premium

189,000

189,000

Retained earnings

(187,886

)

(505,207

)

SHAREHOLDERS' FUNDS

11,114

(306,207

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 27 September 2018 and were signed on its behalf by:

G I Garber - Director

1.	STATUTORY INFORMATION

3 LEGGED THING LIMITED is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that are

expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable

that they will be recovered against the reversal of deferred tax liabilities or other future taxable

profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period

of the lease.

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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2016 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

Additions

4,081

At 31 December 2017

4,081

AMORTISATION

Amortisation for year

126

At 31 December 2017

126

NET BOOK VALUE

At 31 December 2017

3,955

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 January 2017

76,483

Additions

3,996

At 31 December 2017

80,479

DEPRECIATION

At 1 January 2017

59,908

Charge for year

6,801

At 31 December 2017

66,709

NET BOOK VALUE

At 31 December 2017

13,770

At 31 December 2016

16,575

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2017

and 31 December 2017

12,000

NET BOOK VALUE

At 31 December 2017

12,000

At 31 December 2016

12,000

7.

STOCKS

2017

2016

£

£

Finished goods

126,246

47,854

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

223,816

120,235

Amounts owed by group undertakings

43,041

42,927

Other debtors

-

17,849

VAT

-

3,538

Prepayments and accrued income

37,980

29,970

304,837

214,519

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

-

72,644

Trade creditors

208,749

148,780

Social security and other taxes

5,252

4,893

Pension liability

235

245

VAT

1,381

-

Other creditors

-

500

Directors' current accounts

725

1,356

Accrued expenses

19,355

10,180

235,697

238,598

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Other creditors

321,179

393,847

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

10,000

Ordinary

£1

10,000

10,000

12.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102

'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose

related party transactions with wholly owned subsidiaries within the group.

MRS J GARBER

Included in other creditors due after more than one year is an amount of £317,000 (2016: £393,847)

due to Mrs J Garber, a shareholder and wife of one of the directors, Mr G I Garber.

13.	ULTIMATE CONTROLLING PARTY

The company is controlled by the directors, Mr G I Garber and Mr D J Lenihan.