Registered Number
:
07670917
|
For the year ended 30 June 2021
England and Wales
Unaudited Financial Statements
For the year ended 30 June 2021
Laws Geophysics Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
Laws Geophysics Limited
Statement of Financial Position
2020
2021
Property
,
plant and equipment
|
9,129
9,129
2
9,129
9,129
Trade and other receivables
|
494
8,919
3
91,053
Cash and cash equivalents
|
71,885
80,804
91,547
Trade and other payables
:
amounts falling due within one year
|
(2,283)
(2,235)
4
89,264
78,569
Net current assets
Total assets less current liabilities
|
87,698
98,393
87,698
Net assets
98,393
100
100
87,598
98,293
87,698
98,393
Shareholders' funds
For the year ended 30 June 2021 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
|
The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2021 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
|
b
)
preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year
|
and of its profit or loss for each financial year in accordance with the requirements of Section
394
and
395
and which otherwise comply
|
with the requirements of the Companies Act
2006
relating to financial statements
,
so far as applicable to the company
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
These financial statements were approved and authorised for issue by the Board on 29 June 2022 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 30 June 2021
Laws Geophysics Limited
Notes to the Financial Statements
Statutory Information
Laws Geophysics Limited is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
registration number
07670917
.
|
Horizon House
2 Whiting Street
Sheffield S8 9QR
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A of Financial Reporting Standard
102
'
The
|
Financial Reporting Standard applicable in the UK and Republic of Ireland
'
and the Companies Act
2006
.
The financial statements have
|
been prepared under the historical costs convention as modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
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:
|
Plant and machinery
Fixtures and fittings
Foreign currencies
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.
|
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2
.
Property
,
plant and equipment
|
24,793
12,982
11,811
11,811
12,982
24,793
Provision for depreciation and impairment
|
15,664
10,940
4,724
15,664
10,940
4,724
7,087
2,042
9,129
7,087
2,042
9,129
2 of 3
For the year ended 30 June 2021
Laws Geophysics Limited
Notes to the Financial Statements Continued
3
.
Trade and other receivables
|
2020
2021
8,919
494
4
.
Trade and other payables
:
amounts falling due within one year
|
2020
2021
Taxation and social security
|
1,335
1,383
900
900
2,235
2,283
5
.
Average number of persons employed
|
During the year the average number of employees was 0
3 of 3