Simply Geo Limited - Limited company accounts 11.7

REGISTERED NUMBER: 07491933 (England and Wales)

REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2014

FOR

SIMPLY GEO LIMITED

Page

Company Information

1

Report of the Director

2

Chartered Accountants' Report

3

Profit and Loss Account

4

Balance Sheet

5

Notes to the Financial Statements

6

DIRECTOR:

Mrs. M Shah

SECRETARY:

Exceed Cosec Services Limited

REGISTERED OFFICE:

Bank House

81 St Judes Road

Englefield Green

Surrey

TW20 0DF

REGISTERED NUMBER:

07491933 (England and Wales)

ACCOUNTANTS:

Exceed (UK) Ltd

Bank House

81 St Judes Road

Englefield Green

Surrey

TW20 0DF

The director presents her report with the financial statements of the company for the year ended 31st December 2014.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of supplying geologist services.

DIRECTOR

Mrs. M Shah held office during the whole of the period from 1st January 2014 to the date of this report.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating

to small companies.

ON BEHALF OF THE BOARD:

Mrs. M Shah - Director

7th September 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Simply Geo Limited for the year ended 31st 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 in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of Simply Geo Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Simply Geo Limited and state those matters that we have agreed to state to the director of Simply Geo Limited in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. 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 Simply Geo 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 Simply Geo Limited. You consider that Simply Geo 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 Simply Geo 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.

Exceed (UK) Ltd

Bank House

81 St Judes Road

Englefield Green

Surrey

TW20 0DF

7th September 2015

TURNOVER

123,920

113,133

Administrative expenses

14,695

12,314

OPERATING PROFIT

2

109,225

100,819

Interest payable and similar charges

(148

)

(620

)

PROFIT ON ORDINARY ACTIVITIES
BEFORE TAXATION

109,373

101,439

Tax on profit on ordinary activities

3

21,483

20,288

PROFIT FOR THE FINANCIAL YEAR

87,890

81,151

FIXED ASSETS

Tangible assets

5

1,960

-

CURRENT ASSETS

Debtors

6

7,787

8,100

Cash at bank

183,153

123,664

190,940

131,764

CREDITORS

Amounts falling due within one year

7

30,817

28,971

NET CURRENT ASSETS

160,123

102,793

TOTAL ASSETS LESS CURRENT
LIABILITIES

162,083

102,793

CAPITAL AND RESERVES

Called up share capital

8

1

Profit and loss account

9

162,082

102,792

SHAREHOLDERS' FUNDS

162,083

102,793

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

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

The director acknowledges her 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 in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the director on 7th September 2015 and were signed by:

Mrs. M Shah - Director

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 net invoiced sales of services, excluding value added tax, except in respect of service

contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets

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

Computer equipment

-

33% on cost

Deferred tax

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

sheet date.

2.	OPERATING PROFIT

The operating profit is stated after charging:

2014

2013

£

Depreciation - owned assets

473

-

Director's remuneration and other benefits etc

9,420

7,641

3.

TAXATION

Analysis of the tax charge

The tax charge on the profit on ordinary activities for the year was as follows:

2014

2013

£

Current tax:

UK corporation tax

21,483

20,288

Tax on profit on ordinary activities

21,483

20,288

UK corporation tax was charged at 20%) in 2013.

4.

DIVIDENDS

2014

2013

£

Ordinary share of £1

Final

28,600

30,000

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

Additions

2,433

At 31st December 2014

2,433

DEPRECIATION

Charge for year

473

At 31st December 2014

473

NET BOOK VALUE

At 31st December 2014

1,960

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2014

2013

£

Trade debtors

7,787

8,100

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2014

2013

£

Trade creditors

-

1

Taxation and social security

25,688

23,925

Other creditors

5,129

5,045

30,817

28,971

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

1

Ordinary

£1

1

9.

RESERVES

Profit

and loss

account

£

At 1st January 2014

102,792

Profit for the year

87,890

Dividends

(28,600

)

At 31st December 2014

162,082

10.	RELATED PARTY DISCLOSURES

The company was under the control of Mrs Shah throughout the current year. Mrs Shah is the

managing director and sole shareholder.

At the year end, the company owed Mrs Shah £3,779 (2013 - £3,695).

No transactions with related parties were undertaken such as are required to be disclosed under

FRSSE.