Egeomatics Limited - Period Ending 2016-03-31

Registration number: 06335587

Egeomatics Limited

trading as Land Surv

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

Appleby Randall Limited
AIMS Accountants for Business
82 Upper Hanover Street
Sheffield
South Yorkshire
S3 7RQ

Egeomatics Limited
trading as Land Surv
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Egeomatics Limited
trading as Land Surv
for the Year Ended 31 March 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Egeomatics Limited for the year ended 31 March 2016 set out on pages 4 to 10 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 http://www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of Egeomatics Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Egeomatics Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Egeomatics Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Egeomatics Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Egeomatics Limited. You consider that Egeomatics 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 accounts of Egeomatics 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 accounts.

......................................

Appleby Randall Limited
AIMS Accountants for Business
82 Upper Hanover Street
Sheffield
South Yorkshire
S3 7RQ

20 December 2016

Page 1

Egeomatics Limited
trading as Land Surv
(Registration number: 06335587)
Abbreviated Balance Sheet at 31 March 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					46,730			49,282
Current assets
Stocks					17,950			3,200
Debtors					106,276			142,034
Cash at bank and in hand					44,719			33,180
					168,945			178,414
Creditors: Amounts falling due within one year					(47,006)			(56,922)
Net current assets					121,939			121,492
Total assets less current liabilities					168,669			170,774
Provisions for liabilities					(8,426)			(8,734)
Net assets					160,243			162,040
Capital and reserves
Called up share capital		3			1,000			1,000
Profit and loss account					159,243			161,040
Shareholders' funds					160,243			162,040

For the year ending 31 March 2016 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 director acknowledges his 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 director on 20 December 2016

.........................................
Mr Simon Dowling
Director

The notes on pages 3 to 4 form an integral part of these financial statements. Page 2

Egeomatics Limited
trading as Land Surv
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).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Ammortisation is provided on intangible assets so as to write of their value over their expected economic lives. Goodwill was fully ammortised by the end of the year to 31st March 2013

Asset class	Amortisation method and rate
Goodwill	20% Straight line

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	15% Reducing balance
Motor vehicles	25% Reducing balance
Office equipment	25% Reducing balance

Work in progress

Work in progress is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

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.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Page 3

Egeomatics Limited
trading as Land Surv
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

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.

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 April 2015		18,000			96,549			114,549
Additions		-			8,388			8,388
At 31 March 2016		18,000			104,937			122,937
Depreciation
At 1 April 2015		18,000			47,267			65,267
Charge for the year		-			10,940			10,940
At 31 March 2016		18,000			58,207			76,207
Net book value
At 31 March 2016		-			46,730			46,730
At 31 March 2015		-			49,282			49,282

3	Share capital

Allotted, called up and fully paid shares

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

4	Related party transactions

Page 4