For the year ended 30 June 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 07670917
Laws Geophysics Limited
For the year ended 30 June 2016
1
Accountants' Report
2
Balance Sheet
3
Notes to the Abbreviated Financial Statements
Laws Geophysics Limited
Chartered Accountants' Report
For the year ended 30 June 2016
Chartered Accountants' Report to the Board of Directors
In order to assist you to fulfil your duties under Companies Act
2006
,
we have prepared for your approval the accounts of Laws
|
Geophysics Limited for the year ended
30
June
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 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 Laws Geophysics Limited
,
as a body
,
in accordance with the terms of our
|
engagement letter dated
.
Our work has been undertaken solely to prepare for your approval the accounts of Laws Geophysics Limited
|
and state those matters that we have agreed to state to the Board of Directors of Laws Geophysics Limited
,
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 Laws Geophysics Limited and its Board of Directors as a body for our work or for this report
.
|
It is your duty to ensure that Laws Geophysics Limited has kept adequate accounting records to prepare statutory accounts that give a
|
true and fair view of the assets
,
liabilities
,
financial position and loss of Laws Geophysics Limited
.
You consider that Laws Geophysics
|
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 Laws Geophysics 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
.
|
Johnson Walker
Horizon House
2 Whiting Street
Sheffield
S8 9QR
1 of 3
Abbreviated Balance Sheet
|
Laws Geophysics Limited
2016
2015
2
5,318
6,647
5,318
6,647
9,551
8,669
78,967
86,472
87,636
96,023
Creditors
:
amounts falling due within one year
|
(1,513)
(1,452)
94,510
86,184
Net current assets
Total assets less current liabilities
|
91,502
101,157
91,502
Net assets
101,157
100
100
91,402
101,057
91,502
101,157
Shareholders funds
For the year ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
|
Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
|
2) The director acknowledges his 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.
Date approved by the board: 18 March 2017
|
Signed on behalf of the board of directors
|
2 of 3
Notes to the Abbreviated Financial Statements
|
Laws Geophysics Limited
For the year ended 30 June 2016
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance
|
sheet date
.
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction
.
All foreign exchange differences
|
are included to the profit and loss account
.
|
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Fixtures and Fittings
12,982
12,982
6,335
1,329
Charge for year
7,664
5,318
6,647
3 of 3