Geodan Ltd - Filleted accounts

Geodan Ltd - Filleted accounts

GEODAN LTD - Company Information

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Registered number
07697056
Geodan Ltd
Unaudited Filleted Accounts
31 March 2017
Geodan Ltd
Registered number: 07697056
Balance Sheet
as at 31 March 2017
Notes 2017 2016
£ £
Fixed assets
Tangible assets 3 4,357 4,529
Current assets
Debtors 4 35,438 -
Cash at bank and in hand 241,107 248,078
276,545 248,078
Creditors: amounts falling due within one year 5 (38,004) (63,749)
Net current assets 238,541 184,329
Net assets 242,898 188,858
Capital and reserves
Called up share capital 100 100
Profit and loss account 242,798 188,758
Shareholders' funds 242,898 188,858
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr C Edwards
Director
Approved by the board on 17 December 2017
Geodan Ltd
Notes to the Accounts
for the year ended 31 March 2017
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Office equipment 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. No provision for deferred tax has been made since the director is of the opinion that no liability will crystallise in the foreseeable future.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2017 2016
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Office equipment
£
Cost
At 1 April 2016 9,842
Additions 1,280
At 31 March 2017 11,122
Depreciation
At 1 April 2016 5,313
Charge for the year 1,452
At 31 March 2017 6,765
Net book value
At 31 March 2017 4,357
At 31 March 2016 4,529
4 Debtors 2017 2016
£ £
Trade debtors 35,438 -
5 Creditors: amounts falling due within one year 2017 2016
£ £
Taxation and social security costs 32,383 18,938
Other creditors 5,621 44,811
38,004 63,749
6 Controlling party
The company was controlled throughout the year by the directors by virtue of their combined 100% shareholding in the company.
7 Other information
Geodan Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Plummers Barn
Halden Lane
Benenden
TN17 4BJ
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