Oolithica (Geoscience) Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: SC150420 (Scotland)

Abbreviated Unaudited Accounts

for the Year Ended 30 April 2015

for

Oolithica (Geoscience) Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr N Laker

Mr G Pazdzierski

Dr C Toland

SECRETARY:

James & George Collie LLP

REGISTERED OFFICE:

1 East Craibstone Street

Bon Accord Square

Aberdeen

Aberdeenshire

AB11 6YQ

REGISTERED NUMBER:

SC150420 (Scotland)

ACCOUNTANTS:

Andrew R Cook Chartered Accountants

Kingsley House

Church Lane

Shurdington

Cheltenham

Gloucestershire

GL51 4TQ

FIXED ASSETS

Tangible assets

2

19,264

21,290

CURRENT ASSETS

Debtors

196,839

71,910

Cash at bank

524,305

488,984

721,144

560,894

CREDITORS

Amounts falling due within one year

72,716

48,443

NET CURRENT ASSETS

648,428

512,451

TOTAL ASSETS LESS CURRENT LIABILITIES

667,692

533,741

PROVISIONS FOR LIABILITIES

2,870

3,060

NET ASSETS

664,822

530,681

CAPITAL AND RESERVES

Called up share capital

3

300

300

Profit and loss account

664,522

530,381

SHAREHOLDERS' FUNDS

664,822

530,681

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2015 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 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 Board of Directors on 26 January 2016 and were signed on its behalf by:

Mr N Laker - 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 goods, excluding value added tax.

Revenue is recognised on completion of each contract or at intermediate stages as agreed.

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

-

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at

the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of

exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at

the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account 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 on behalf of its employees.

Contributions payable to the company's pension scheme are charged to the profit and loss account in

the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2014

148,028

Additions

4,588

Disposals

(1,610

)

At 30 April 2015

151,006

DEPRECIATION

At 1 May 2014

126,738

Charge for year

6,422

Eliminated on disposal

(1,418

)

At 30 April 2015

131,742

NET BOOK VALUE

At 30 April 2015

19,264

At 30 April 2014

21,290

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.15

30.4.14

value:

£

£

100

"A" Ordinary

£1

100

100

100

"B" Ordinary

£1

100

100

100

"C" Ordinary

£1

100

100

300

300