Abbreviated Company Accounts - LAND SURVEY SOLUTIONS (EASTERN) LIMITED

Abbreviated Company Accounts - LAND SURVEY SOLUTIONS (EASTERN) LIMITED

LAND SURVEY SOLUTIONS (EASTERN) LIMITED - Company Information

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Registered Number 05905905

LAND SURVEY SOLUTIONS (EASTERN) LIMITED

Abbreviated Accounts

31 October 2015

LAND SURVEY SOLUTIONS (EASTERN) LIMITED Registered Number 05905905

Abbreviated Balance Sheet as at 31 October 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 39,505 65,818
39,505 65,818
Current assets
Debtors 143,774 107,896
Cash at bank and in hand 10,102 17,524
153,876 125,420
Creditors: amounts falling due within one year (103,876) (143,044)
Net current assets (liabilities) 50,000 (17,624)
Total assets less current liabilities 89,505 48,194
Provisions for liabilities (3,099) (6,684)
Total net assets (liabilities) 86,406 41,510
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 86,306 41,410
Shareholders' funds 86,406 41,510
  • For the year ending 31 October 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 14 June 2016

And signed on their behalf by:
J O Cooper, Director

LAND SURVEY SOLUTIONS (EASTERN) LIMITED Registered Number 05905905

Notes to the Abbreviated Accounts for the period ended 31 October 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Surveying equipment 25% on cost
Fixtures and fittings 25% on cost
Computer equipment 25% on cost
Motor vehicles 25% reducing balance

Other accounting policies
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

Leasing and hire purchase commitments
"Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term."

2Tangible fixed assets
£
Cost
At 1 November 2014 138,486
Additions 1,886
Disposals (9,997)
Revaluations -
Transfers -
At 31 October 2015 130,375
Depreciation
At 1 November 2014 72,668
Charge for the year 25,079
On disposals (6,877)
At 31 October 2015 90,870
Net book values
At 31 October 2015 39,505
At 31 October 2014 65,818
3Called Up Share Capital
Allotted, called up and fully paid:
2015
£		 2014
£
100 Ordinary shares of £1 each 100 100