Geostorm Consulting Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 06186228 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2015

FOR

GEOSTORM CONSULTING LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Accountants' Report

5

DIRECTOR:

G P Diaz

REGISTERED OFFICE:

27 Old Gloucester Street

London

London

WC1N 3AX

REGISTERED NUMBER:

06186228 (England and Wales)

ACCOUNTANTS:

Chris Skarparis & Co Ltd

Chartered Accountants

2nd Floor

10(b) Aldermans Hill

Palmers Green

London

N13 4PJ

FIXED ASSETS

Tangible assets

2

231

308

CURRENT ASSETS

Debtors

3,963

-

Cash at bank

2,725

829

6,688

829

CREDITORS

Amounts falling due within one year

6,894

2,136

NET CURRENT LIABILITIES

(206

)

(1,307

)

TOTAL ASSETS LESS CURRENT LIABILITIES

25

(999

)

PROVISIONS FOR LIABILITIES

22

62

NET ASSETS/(LIABILITIES)

3

(1,061

)

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

2

(1,062

)

SHAREHOLDERS' FUNDS

3

(1,061

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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.

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 14 December 2015 and were signed by:

G P Diaz - 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 invoived sales of services, exluding value added tax.

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

-

25% on reducing balance

Deferred tax

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

sheet date.

Revenue recognition

Amounts due under contracts-not yet invoiced (work in progress) are valued in accordance with UITF 40

(Application Note G) at the recoverable standard value of time charged by all personnel engaged in the provision

of engineering services. Revenue is recognised as the contracts progress to reflect the partial performance of the

contractual obligation. The amount of revenue recognised reflects the accrual of the right for consideration as

contract activity progresses by reference to the value of work performed.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

1,149

DEPRECIATION

At 1 April 2014

841

Charge for year

77

At 31 March 2015

918

NET BOOK VALUE

At 31 March 2015

231

At 31 March 2014

308

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

1

Ordinary

1

1

1

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2015 and

31 March 2014:

31.3.15

31.3.14

£

£

G P Diaz

Balance outstanding at start of year

-

-

Amounts advanced

3,055

-

Amounts repaid

-

-

Balance outstanding at end of year

3,055

-

Interest on the director's loan account of was charged at the official HM Revenue & Customs rates.

5.	RELATED PARTY DISCLOSURES

The director, Mr G P Diaz received dividends of £17,000 during the year.

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 four)

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 Geostorm Consulting Limited for the year ended 31 March 2015 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 Geostorm Consulting Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Geostorm Consulting Limited and state those matters that we have agreed to state to the director of Geostorm Consulting 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 Geostorm Consulting 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 Geostorm Consulting Limited. You consider that Geostorm Consulting 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 Geostorm Consulting

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.

Chris Skarparis & Co Ltd

Chartered Accountants

2nd Floor

10(b) Aldermans Hill

Palmers Green

London

N13 4PJ

14 December 2015