Egeomatics Limited - Period Ending 2014-03-31
Egeomatics Limited - Period Ending 2014-03-31
Registration number:
trading as
Unaudited Abbreviated Accounts
for the Year Ended
Egeomatics Limited
trading as Land Surv
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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 2014
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 2014 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 icaew.com/membershandbook.
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 AAF 2/10 as detailed at icaew.com/compilation. 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 profit 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.
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Appleby Randall Limited
AIMS Accountants for Business
82 Upper Hanover Street
Sheffield
South Yorkshire
S3 7RQ
23 December 2014
Egeomatics Limited
trading as Land Surv
(Registration number: 06335587)
Abbreviated Balance Sheet at 31 March 2014
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2014
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2013
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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Approved by the director on
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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 2014
......... continued
Accounting policies |
Basis of preparation
Turnover
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 |
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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 |
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Motor vehicles |
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Office equipment |
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Work in progress
Deferred tax
Egeomatics Limited
trading as Land Surv
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued
Financial instruments
Fixed assets |
Intangible assets
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Tangible assets
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Total
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Cost |
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At 1 April 2013 |
18,000 |
58,632 |
76,632 |
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Additions |
- |
14,193 |
14,193 |
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Disposals |
- |
(721) |
(721) |
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At 31 March 2014 |
18,000 |
72,104 |
90,104 |
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Depreciation |
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At 1 April 2013 |
18,000 |
27,376 |
45,376 |
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Charge for the year |
- |
8,747 |
8,747 |
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Eliminated on disposals |
- |
(180) |
(180) |
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At 31 March 2014 |
18,000 |
35,943 |
53,943 |
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Net book value |
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At 31 March 2014 |
- |
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At 31 March 2013 |
- |
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Share capital |
Allotted, called up and fully paid shares
2014 |
2013 |
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No. |
£ |
No. |
£ |
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Related party transactions |