DOUGLASS_GEOMATICS_LIMITE - Accounts

DOUGLASS GEOMATICS LIMITED - Company Information

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Company Registration No. 06259411 (England and Wales)

DOUGLASS GEOMATICS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2015

DOUGLASS GEOMATICS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

DOUGLASS GEOMATICS LIMITED

ABBREVIATED BALANCE SHEET - UNAUDITED

AS AT

30 SEPTEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

29,192

38,241

Current assets

Debtors

13,686

27,892

13,686

27,892

Creditors: amounts falling due within one year

(40,687)

(44,534)

Net current liabilities

(27,001)

(16,642)

Total assets less current liabilities

2,191

21,599

Creditors: amounts falling due after more than one year

(11,941)

(16,418)

Provisions for liabilities

(5,590)

(7,346)

(15,340)

(2,165)

Capital and reserves

Called up share capital

100

Profit and loss account

(15,440)

(2,265)

Shareholders' funds

(15,340)

(2,165)

For the financial year ended 30 September 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 2 June 2016

Mr J D Douglass

Director

Company Registration No. 06259411

DOUGLASS GEOMATICS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS - UNAUDITED

FOR THE YEAR ENDED 30 SEPTEMBER 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Turnover

Turnover represents amounts receivable for services net of VAT and trade discounts. The turnover and profit before taxation are attributable to the one principal activity of the company, all of which arises in the United Kingdom.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

25% per annum on the reducing balance method.

1.4

Leasing and hire purchase commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

1.5

Deferred taxation

Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.

Deferred tax liabilities are not discounted.

DOUGLASS GEOMATICS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS - UNAUDITED (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2015

- 3 -

Fixed assets

Tangible assets

Cost

At 1 October 2014

95,959

Additions

682

At 30 September 2015

96,641

Depreciation

At 1 October 2014

57,718

Charge for the year

9,731

At 30 September 2015

67,449

Net book value

At 30 September 2015

29,192

At 30 September 2014

38,241

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £19,222 (2014 - £28,187).

Creditors: amounts falling due after more than one year

The aggregate amount of creditors for which security has been given amounted to £11,941 (2014 - £16,418).

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100