Yeandle Geotechnical Limited - Period Ending 2016-03-31

Registration number: 04174030

Yeandle Geotechnical Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

Thompson Jenner LLP
Chartered Accountants
28 Alexandra Terrace
Exmouth
Devon
EX8 1BD

Yeandle Geotechnical Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Yeandle Geotechnical Limited
(Registration number: 04174030)
Abbreviated Balance Sheet at 31 March 2016

		Note			2016 £			2015 £
Fixed assets
Investments					82,817			142,072
Current assets
Debtors					5,000			5,000
Cash at bank and in hand					25,080			31,759
					30,080			36,759
Creditors: Amounts falling due within one year					(25,763)			(25,826)
Net current assets					4,317			10,933
Net assets					87,134			153,005
Capital and reserves
Called up share capital		3			950			1,000
Capital redemption reserve					50			50
Profit and loss account					86,134			151,955
Shareholders' funds					87,134			153,005

For the year ending 31 March 2016 the company was entitled to exemption from audit 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

Approved by the director on 12 August 2016

Mr N W Yeandle
 Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Yeandle Geotechnical Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Goodwill

Amortisation is provided on intangible assets so as to write off the cost , less any estimated residual value over the expected useful life as follows

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Amounts recoverable on long term contracts,which are included in debtors are stated at the net sales value of the work done after provision for contingencies and anticipated future losses on contracts, less amounts received as progress payments on account. Excess progress payments are included in creditors as payments received on account.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

Yeandle Geotechnical Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

2	Fixed assets

		Investments £			Total £
Cost
At 1 April 2015		142,072			142,072
Disposals		(59,255)			(59,255)
At 31 March 2016		82,817			82,817
Depreciation
At 31 March 2016		-			-
Net book value
At 31 March 2016		82,817			82,817
At 31 March 2015		142,072			142,072

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary of £1 each		950			950			1,000			1,000

4	Related party transactions

Director's advances and credits

	2016 Advance/ Credit £	2016 Repaid £	2015 Advance/ Credit £	2015 Repaid £
Mr N W Yeandle
Director loan	5,099	5,099	-	-
Mrs L J Yeandle
Director loan	8,067	8,067	-	-

Page 3