NGAMILAND EXPLORATIONS LIMITED - Accounts to registrar (filleted) - small 17.3
NGAMILAND EXPLORATIONS LIMITED - Accounts to registrar (filleted) - small 17.3
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 JULY 2017 |
| FOR |
| NGAMILAND EXPLORATIONS LIMITED |
| NGAMILAND EXPLORATIONS LIMITED (REGISTERED NUMBER: 09704075) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the year ended 31 JULY 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| NGAMILAND EXPLORATIONS LIMITED |
| COMPANY INFORMATION |
| for the year ended 31 JULY 2017 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 1 High Street |
| Thatcham |
| Berks |
| RG19 3JG |
| NGAMILAND EXPLORATIONS LIMITED (REGISTERED NUMBER: 09704075) |
| BALANCE SHEET |
| 31 JULY 2017 |
| 31.7.17 | 31.7.16 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 7 |
| Retained earnings | 8 | ( |
) |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the director on |
| NGAMILAND EXPLORATIONS LIMITED (REGISTERED NUMBER: 09704075) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the year ended 31 JULY 2017 |
| 1. | STATUTORY INFORMATION |
| NGAMILAND EXPLORATIONS LIMITED is a |
| Wales. The company's registered number and registered office address can be found on the Company |
| Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents net sales of tours excluding value added tax. |
| The turnover is wholly earned in Africa. |
| Tangible fixed assets |
| Office equipment | - |
| 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. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
| balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at |
| the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| NGAMILAND EXPLORATIONS LIMITED (REGISTERED NUMBER: 09704075) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 JULY 2017 |
| 4. | TANGIBLE FIXED ASSETS |
| Office |
| equipment |
| £ |
| COST |
| At 1 August 2016 |
| Additions |
| At 31 July 2017 |
| DEPRECIATION |
| At 1 August 2016 |
| Charge for year |
| At 31 July 2017 |
| NET BOOK VALUE |
| At 31 July 2017 |
| At 31 July 2016 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.7.17 | 31.7.16 |
| £ | £ |
| Trade debtors |
| Other debtors |
| The balance for other debtors includes £40,000 ATOL Bond. |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.7.17 | 31.7.16 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| The balance for other creditors includes £45,511 of deferred income (2016: £38,763). |
| 7. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.7.17 | 31.7.16 |
| value: | £ | £ |
| ordinary | 1 | 30,000 | 30,000 |
| NGAMILAND EXPLORATIONS LIMITED (REGISTERED NUMBER: 09704075) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 JULY 2017 |
| 8. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 August 2016 | ( |
) |
| Profit for the year |
| Dividends | ( |
) |
| At 31 July 2017 |
| 9. | CONTINGENT LIABILITIES |
| The Company has made a cash deposit of £40,000 with its bankers as security for performance bonds guaranteed |
| on behalf of the Company. |
| 10. | ULTIMATE CONTROLLING PARTY |
| Mr J Gibson, the director, controls the company by virtue of a controlling interest of 100% of the issued ordinary |
| share capital. |