Company Registration No. 03867766 (England and Wales)
JAMSONS GEOTECHNICS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2016
JAMSONS GEOTECHNICS LIMITED
CONTENTS
Page
Accountants' report
1
Abbreviated balance sheet
2
Notes to the abbreviated accounts
3 - 4
JAMSONS GEOTECHNICS LIMITED
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF JAMSONS GEOTECHNICS LIMITED FOR THE YEAR ENDED 30 APRIL 2016
- 1 -
The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 4 have been prepared.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Jamsons Geotechnics Limited for the year ended 30 April 2016 which comprise the Profit and Loss Account, the Balance Sheet and the related notes 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, we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance/.
This report is made solely to the Board of Directors of Jamsons Geotechnics Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Jamsons Geotechnics Limited and state those matters that we have agreed to state to the Board of Directors of Jamsons Geotechnics Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at icaew.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Jamsons Geotechnics Limited and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that Jamsons Geotechnics Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Jamsons Geotechnics Limited. You consider that Jamsons Geotechnics 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 financial statements of Jamsons Geotechnics 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 financial statements.
Carpenter Box
23 November 2016
Chartered Accountants
Amelia House
Crescent Road
Worthing
West Sussex
BN11 1QR
JAMSONS GEOTECHNICS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 APRIL 2016
30 April 2016
- 2 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
377,960
377,406
Current assets
Debtors
302
302
Cash at bank and in hand
387
9,195
689
9,497
Creditors: amounts falling due within one year
(389,012)
(388,413)
Net current liabilities
(388,323)
(378,916)
Total assets less current liabilities
(10,363)
(1,510)
Provisions for liabilities
-
(300)
(10,363)
(1,810)
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
(10,365)
(1,812)
Shareholders' funds
(10,363)
(1,810)
For the financial year ended 30 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their 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 18 November 2016
Mr N Walsh
Mrs S A Walsh
Director
Director
Company Registration No. 03867766
JAMSONS GEOTECHNICS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2016
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1
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).
The financial statements indicate an overdrawn balance sheet and this has arisen due to the balance owed to the directors. The directors have confirmed they will not seek repayment of this balance and will continue to support the company. The financial statements do not include any adjustments that would result from the withdrawal of this support.
1.2
Turnover
Turnover represents, firstly, fees for consultancy services net of VAT and trade discounts, which is recognised when the services have been provided. It also includes rents from letting of properties, net of VAT, which is recognised on a time apportionment basis.
1.3
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:
Computer
25% p.a. straight line
Fixtures, fittings & equipment
10% p.a. reducing balance
Investment properties are included in the balance sheet at their open market value, as valued by the director at 30 April 2016 and not depreciated. Although this policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the UK Companies Act for all tangible assets to be depreciated. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified.
1.4
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
JAMSONS GEOTECHNICS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2016
- 4 -
2
Fixed assets
Tangible assets
£
Cost
At 1 May 2015
378,805
Additions
1,098
At 30 April 2016
379,903
Depreciation
At 1 May 2015
1,399
Charge for the period
544
At 30 April 2016
1,943
Net book value
At 30 April 2016
377,960
At 30 April 2015
377,406
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
2 Ordinary shares of £1 each
2
2