Abbreviated Company Accounts - GEO TURF CONSULTING LIMITED

Abbreviated Company Accounts - GEO TURF CONSULTING LIMITED


Registered Number 05447821

GEO TURF CONSULTING LIMITED

Abbreviated Accounts

31 May 2014

GEO TURF CONSULTING LIMITED Registered Number 05447821

Abbreviated Balance Sheet as at 31 May 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 20,539 26,520
Investments 3 72 107
20,611 26,627
Current assets
Stocks 500 6,082
Debtors 18,900 20,458
Cash at bank and in hand 71,644 54,540
91,044 81,080
Creditors: amounts falling due within one year (17,669) (17,261)
Net current assets (liabilities) 73,375 63,819
Total assets less current liabilities 93,986 90,446
Total net assets (liabilities) 93,986 90,446
Capital and reserves
Called up share capital 4 100 100
Profit and loss account 93,886 90,346
Shareholders' funds 93,986 90,446
  • For the year ending 31 May 2014 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 23 October 2014

And signed on their behalf by:
J N G Smith, Director

GEO TURF CONSULTING LIMITED Registered Number 05447821

Notes to the Abbreviated Accounts for the period ended 31 May 2014

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 amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
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:
Plant & machinery - 20% per annum
Fixtures, fittings & equipment - 20% per annum

Other accounting policies
Investments
Fixed asset investments are stated at cost less provision for diminution in value.

Pensions
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

2Tangible fixed assets
£
Cost
At 1 June 2013 50,329
Additions 2,964
Disposals -
Revaluations -
Transfers -
At 31 May 2014 53,293
Depreciation
At 1 June 2013 23,809
Charge for the year 8,945
On disposals -
At 31 May 2014 32,754
Net book values
At 31 May 2014 20,539
At 31 May 2013 26,520

3Fixed assets Investments
Investments are stated at cost £352 less accumulated depreciation of £280, giving a net book value of £72 (2013 - £107)

4Called Up Share Capital
Allotted, called up and fully paid:
2014
£
2013
£
100 Ordinary shares of £1 each 100 100