Abbreviated Company Accounts - LAND SURVEY SOLUTIONS LTD.

LAND SURVEY SOLUTIONS LTD. - Company Information

SC229680 LAND SURVEY SOLUTIONS LTD. 2016-10-31 false 2015-11-01 2016-10-31 true SC229680 2015-11-01 2016-10-31 SC229680 2016-10-31 SC229680 2015-10-31 SC229680 uk-gaap-cd-bus:Director1 2015-11-01 2016-10-31 SC229680 uk-gaap-cd-bus:Director2 2015-11-01 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-11-01 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-10-31 iso4217:GBP shares

Registered Number SC229680

LAND SURVEY SOLUTIONS LTD.

Abbreviated Accounts

31 October 2016

LAND SURVEY SOLUTIONS LTD. Registered Number SC229680

Abbreviated Balance Sheet as at 31 October 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	350,265	347,477
Investments	3	183,493	565
		533,758	348,042
Current assets
Debtors		72,610	71,276
Investments		212,933	385,000
Cash at bank and in hand		398,774	1,169,288
		684,317	1,625,564
Creditors: amounts falling due within one year		(923,071)	(426,299)
Net current assets (liabilities)		(238,754)	1,199,265
Total assets less current liabilities		295,004	1,547,307
Total net assets (liabilities)		295,004	1,547,307
Capital and reserves
Called up share capital	4	160,175	160,175
Profit and loss account		134,829	1,387,132
Shareholders' funds		295,004	1,547,307

For the year ending 31 October 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 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 17 May 2017

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

LAND SURVEY SOLUTIONS LTD. Registered Number SC229680

Notes to the Abbreviated Accounts for the period ended 31 October 2016

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.

Tenants improvements 25% on cost
Computer equipment 25% on cost
Fixtures and equipment 25% on cost

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."

Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2Tangible fixed assets

	£
Cost
At 1 November 2015	403,837
Additions	3,718
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2016	407,555
Depreciation
At 1 November 2015	56,360
Charge for the year	930
On disposals	-
At 31 October 2016	57,290
Net book values
At 31 October 2016	350,265
At 31 October 2015	347,477

3Fixed assets Investments
Investment in subsidiary undertakings £183,493 (2015: £565)

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
160,175 Ordinary shares of £1 each	160,175	160,175