REGISTERED NUMBER: 06370231 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2018

FOR

ORIGIN 3 LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J B Orton

C J Wilson

SECRETARY:

Mrs J I C Orton

REGISTERED OFFICE:

Tyndall House

17 Whiteladies Road

Bristol

BS1 6NL

REGISTERED NUMBER:

06370231 (England and Wales)

ACCOUNTANTS:

Burnside

Chartered Accountants

and Statutory Auditor

61 Queen Square

Bristol

BS1 4JZ

FIXED ASSETS

Tangible assets

5

5,129

9,712

CURRENT ASSETS

Stocks

53,434

13,331

Debtors

6

407,414

517,231

Cash at bank

27,712

32,245

488,560

562,807

CREDITORS

Amounts falling due within one year

7

174,878

261,979

NET CURRENT ASSETS

313,682

300,828

TOTAL ASSETS LESS CURRENT LIABILITIES

318,811

310,540

CAPITAL AND RESERVES

Called up share capital

50

50

Capital redemption reserve

50

50

Retained earnings

318,711

310,440

318,811

310,540

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2018 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 February 2019 and were signed on its behalf by:

J B Orton - Director

1.	STATUTORY INFORMATION

Origin 3 Ltd 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements,

estimates and assumptions that affect the amounts reported.

These estimates and judgements are continually reviewed and are based on experience and

other factors, including expectations or future events that are believed to be reasonable

under the circumstances.

Turnover

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

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

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 etc

-

33% on cost and 25% on 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2017 - 14 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2017

106,705

Additions

3,741

At 31 May 2018

110,446

DEPRECIATION

At 1 June 2017

96,993

Charge for year

8,324

At 31 May 2018

105,317

NET BOOK VALUE

At 31 May 2018

5,129

At 31 May 2017

9,712

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

264,479

369,837

Other debtors

142,935

147,394

407,414

517,231

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

5,223

11,051

Trade creditors

26,744

45,491

Taxation and social security

129,885

195,133

Other creditors

13,026

10,304

174,878

261,979

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £72,000 were paid to the directors .

Origin 3 Asset Management Ltd

(A company in which the directors J B Orton and C Danks have a shareholding)

Service charges costs totalling £nil (2017-£38,431) have been charged to Origin 3 Asset

Management Ltd.

At the balance sheet date the outstanding debtor was £12,952 (2017-£56,419)

Consultancy costs have been charged to the company by Origin 3 Asset Management Ltd

amounting to £nil (2017- £15,000) under normal commercial terms. At the balance sheet

date the amount due to Origin 3 Asset Management Ltd was £14,400 (2017- £14,400)

Origin 3 Studio Limited

(A company in which the director J B Orton has a shareholding)

Commission and other recharges invoiced in the year from Origin 3 (Studio) Limited from

invoices raised was £5,505 (2017 - £7,519)

NEST Asset Management Ltd

(A company in which the director J B Orton has a shareholding)

At the balance sheet date the outstanding debt was £7,923 (2017- £2,004)

Charges of £2,026 (£2017 - £nil) were made to the company in the year.

J B Orton

(Director)

During the year the director had a loan from the company, the loan is repayable on demand

and interest is charged in line with HM Revenue & Customs guidance.

The balance owed to the director at the year end was £128 (2017 - £612). The maximum

balance owed to the company in the year was £42,260.

C J Wilson

(Director)

During the year the director had a loan from the company, the loan is repayable on demand

and interest is charged in line with HM Revenue & Customs guidance.

The balance owed from the director at the year end was £79,805 (2017 - £66,888). The

maximum balance owed to the company in the year was £79,805.

C M Danks

(Director)

During the year the director had a loan from the company, the loan is repayable on demand

and interest is charged in line with HM Revenue & Customs guidance.

The balance owed from the director at the year end was £nil (2017 - £26,130). The

maximum balance owed to the company in the year was £26,130. C M Danks resigned as a

director on 29 October 2018.