Accubolt Geomatics Limited Filleted Accounts Cover
Accubolt Geomatics Limited
Company No. 11259974
Information for Filing with The Registrar
31 March 2023
Accubolt Geomatics Limited Balance Sheet Registrar
at
31 March 2023
Company No.
11259974
Notes
2023
2022
£
£
Fixed assets
Tangible assets
4
14,41919,202
14,41919,202
Current assets
Debtors
5
30,92522,395
Cash at bank and in hand
2,6824,446
33,60726,841
Creditors: Amount falling due within one year
6
(25,213)
(14,385)
Net current assets
8,39412,456
Total assets less current liabilities
22,81331,658
Creditors: Amounts falling due after more than one year
7
(15,205)
(21,485)
Provisions for liabilities
Deferred taxation
(3,605)
-
Net assets
4,00310,173
Capital and reserves
Called up share capital
11
Profit and loss account
9
4,00210,172
Total equity
4,00310,173
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 March 2023 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 01 December 2023
And signed on its behalf by:
C.R. Bowles
Director
01 December 2023
Accubolt Geomatics Limited Notes to the Accounts Registrar
for the year ended 31 March 2023
1
General information
Its registered number is: 11259974
Its registered office is:
Central House
20 Central Avenue
St Andrews Business Park
Norwich
NR7 0HR
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Plant and machinery
25% straight line
Motor vehicles
20% straight line
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Leased assets
Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to the Company are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the Company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately in profit or loss, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the Company's policy on borrowing costs (see the accounting policy above).

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term.

In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
11
4
Tangible fixed assets
Plant and machinery
Motor vehicles
Total
£
£
£
Cost or revaluation
At 1 April 2022
9,00017,75126,751
Disposals
-
(650)
(650)
At 31 March 2023
9,00017,10126,101
Depreciation
At 1 April 2022
3,9383,6117,549
Charge for the year
1,2662,9434,209
Disposals
-
(76)
(76)
At 31 March 2023
5,2046,47811,682
Net book values
At 31 March 2023
3,79610,62314,419
At 31 March 2022
5,062
14,140
19,202
5
Debtors
2023
2022
£
£
Loans to directors
15,8102,096
Other debtors
15,11518,899
Prepayments and accrued income
-1,400
30,92522,395
6
Creditors:
amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
3,7003,700
Obligations under finance lease and hire purchase contracts
2,5802,580
Taxes and social security
17,582
7,445
Accruals and deferred income
1,351660
25,21314,385
7
Creditors:
amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
8,32512,025
Obligations under finance lease and hire purchase contracts
6,8809,460
15,20521,485
8
Share Capital
The company has in issue 1 £1.00 Ordinary share, which is unpaid up at par.
9
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
10
Dividends
2023
2022
£
£
Dividends for the period:
Dividends paid in the period
41,000
41,000
41,000
41,000
Dividends by type:
Equity dividends
41,00041,000
41,000
41,000
11
Advances and credits to directors
2023
£
At 1 April 2022
2,096
Advanced in the period
63,834
Amounts repaid in the period
54,121
At 31 March 2023
11,810
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