ML_GEOMATICS_LTD - Accounts

ML GEOMATICS LTD - Company Information

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Company Registration No. 08127826 (England and Wales)

ML GEOMATICS LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2016

ML GEOMATICS LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

ML GEOMATICS LTD

ABBREVIATED BALANCE SHEET

AS AT

31 JULY 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

29,862

41,757

Current assets

Debtors

36,586

117,083

Cash at bank and in hand

811

37,397

117,894

Creditors: amounts falling due within one year

(32,204)

(69,295)

Net current assets

5,193

48,599

Total assets less current liabilities

35,055

90,356

Creditors: amounts falling due after more than one year

(1,531)

(6,183)

Provisions for liabilities

(5,972)

(8,351)

27,552

75,822

Capital and reserves

Called up share capital

100

Profit and loss account

27,452

75,722

Shareholders' funds

27,552

75,822

For the financial year ended 31 July 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have 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 17 March 2017

Mr M R W Lawrence

Director

Company Registration No. 08127826

ML GEOMATICS LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2016

- 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 January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

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

1.4

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:

Plant and machinery

20% straight line

Computer equipment

33% straight line

Motor vehicles

20% straight line

Fixed assets

Tangible assets

Cost

At 1 August 2015

68,687

Additions

2,472

At 31 July 2016

71,159

Depreciation

At 1 August 2015

26,930

Charge for the year

14,367

At 31 July 2016

41,297

Net book value

At 31 July 2016

29,862

At 31 July 2015

41,757

Share capital

2016

2015

Allotted, called up and fully paid

100 ordinary shares of £1 each

100

ML GEOMATICS LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2016

- 3 -

Related party relationships and transactions

Advances and credits

Advances and credits granted to the directors during the year are outlined in the table below:

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

Mr M R W Lawrence - Directors loan

30,130

30,606

(476)

30,130

30,606

(476)