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REGISTERED NUMBER: 08790960 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

ABOVE SURVEYING LTD

ABOVE SURVEYING LTD (REGISTERED NUMBER: 08790960)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021










Page

Balance Sheet 1

Notes to the Financial Statements 3


ABOVE SURVEYING LTD (REGISTERED NUMBER: 08790960)

BALANCE SHEET
31 DECEMBER 2021

2021 2020
Notes £    £   
FIXED ASSETS
Intangible assets 4 207,596 253,736
Tangible assets 5 84,975 69,612
292,571 323,348

CURRENT ASSETS
Debtors 6 215,374 237,535
Cash at bank 162,684 410,357
378,058 647,892
CREDITORS
Amounts falling due within one year 7 (354,986 ) (243,160 )
NET CURRENT ASSETS 23,072 404,732
TOTAL ASSETS LESS CURRENT
LIABILITIES

315,643

728,080

CREDITORS
Amounts falling due after more than one year 8 (34,615 ) (45,000 )
NET ASSETS 281,028 683,080

CAPITAL AND RESERVES
Called up share capital 10 227,799 227,799
Share premium 718,821 718,821
Retained earnings (665,592 ) (263,540 )
SHAREHOLDERS' FUNDS 281,028 683,080

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

ABOVE SURVEYING LTD (REGISTERED NUMBER: 08790960)

BALANCE SHEET - continued
31 DECEMBER 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 September 2022 and were signed on its behalf by:





Mr P H Fraser - Director


ABOVE SURVEYING LTD (REGISTERED NUMBER: 08790960)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021


1. Statutory information

Above Surveying Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08790960

Registered office: Block G, Knowledge Gateway
Nesfield Road
Colchester
Essex
CO4 3ZL

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Development costs are being amortised evenly over their estimated useful life of five years.

Patents
Costs to secure international patents related to the trade of the Company are recognised as intangible assets.

Software development
Development costs that are directly attributable to the design and testing of identifiable and unique software
products controlled by the Company are recognised as intangible assets when the following criteria are met:
- it is technically feasible to complete the software so that it will be available for use;
- management intends to complete the software and use or sell it;
- there is an ability to use or sell the software;
- it can be demonstrated how the software will generate probable future economic benefits;
- adequate technical, financial and other resources to complete the development and to use or sell the software are
available; and
- the expenditure attributable to the software during its development can be reliably measured.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


ABOVE SURVEYING LTD (REGISTERED NUMBER: 08790960)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


2. Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 41 (2020 - 26 ) .

ABOVE SURVEYING LTD (REGISTERED NUMBER: 08790960)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


4. Intangible fixed assets
Other
intangible
assets
£   
Cost
At 1 January 2021 406,373
Additions 38,255
At 31 December 2021 444,628
Amortisation
At 1 January 2021 152,637
Charge for year 84,395
At 31 December 2021 237,032
Net book value
At 31 December 2021 207,596
At 31 December 2020 253,736

5. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 January 2021 184,943
Additions 61,169
At 31 December 2021 246,112
Depreciation
At 1 January 2021 115,331
Charge for year 45,806
At 31 December 2021 161,137
Net book value
At 31 December 2021 84,975
At 31 December 2020 69,612

ABOVE SURVEYING LTD (REGISTERED NUMBER: 08790960)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


6. Debtors: amounts falling due within one year
2021 2020
£    £   
Trade debtors 102,306 134,423
Other debtors 113,068 103,112
215,374 237,535

7. Creditors: amounts falling due within one year
2021 2020
£    £   
Bank loans and overdrafts 10,648 5,000
Trade creditors 57,208 17,848
Taxation and social security 182,914 130,297
Other creditors 104,216 90,015
354,986 243,160

8. Creditors: amounts falling due after more than one year
2021 2020
£    £   
Bank loans 34,615 45,000

9. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2021 2020
£    £   
Within one year 26,840 23,195
Between one and five years 26,127 69,900
52,967 93,095

10. Called up share capital



Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
150,000 "A" Ordinary £1 150,000 150,000
77,799 "B" Ordinary £1 77,799 77,799
227,799 227,799

ABOVE SURVEYING LTD (REGISTERED NUMBER: 08790960)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


11. Post balance sheet events

Since the year end the company has issued 3,572 Ordinary B and 82,974 Ordinary C shares.
All shares issued have a par value of £1 per share and were issued at a premium of £26.99 per share.