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REGISTERED NUMBER: 11047214 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2021

FOR

GEOMSOFT SOLUTIONS LIMITED

GEOMSOFT SOLUTIONS LIMITED (REGISTERED NUMBER: 11047214)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

GEOMSOFT SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2021







DIRECTOR: Mr C W Fung



REGISTERED OFFICE: 16 Cransley Grove
Solihull
West Midlands
B91 3ZA



REGISTERED NUMBER: 11047214 (England and Wales)



ACCOUNTANTS: Raven Accounting (West Midlands) Limited
Chartered Certified Accountants
11 Stratford Road
Shirley
Solihull
West Midlands
B90 3LU



BANKERS: HSBC Bank plc
34 Poplar Road
Solihull
West Midlands
B91 3AF

GEOMSOFT SOLUTIONS LIMITED (REGISTERED NUMBER: 11047214)

BALANCE SHEET
30 NOVEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,124 4,424
Tangible assets 5 - 51
2,124 4,475

CURRENT ASSETS
Debtors 6 4,309 4,451
Cash at bank 45,500 40,283
49,809 44,734
CREDITORS
Amounts falling due within one year 7 25,250 21,973
NET CURRENT ASSETS 24,559 22,761
TOTAL ASSETS LESS CURRENT LIABILITIES 26,683 27,236

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 26,583 27,136
SHAREHOLDERS' FUNDS 26,683 27,236

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 in accordance with Section 476 of the Companies Act 2006.

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.

GEOMSOFT SOLUTIONS LIMITED (REGISTERED NUMBER: 11047214)

BALANCE SHEET - continued
30 NOVEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 September 2022 and were signed by:





Mr C W Fung - Director


GEOMSOFT SOLUTIONS LIMITED (REGISTERED NUMBER: 11047214)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021

1. STATUTORY INFORMATION

Geomsoft Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net sales of services provided in the accounting period, including amounts recoverable on contracts.

Amounts recoverable on contracts are services provided by the end of the accounting period but not invoiced at that time. They are calculated at sales values and shown on the Balance Sheet as part of debtors.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

GEOMSOFT SOLUTIONS LIMITED (REGISTERED NUMBER: 11047214)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2021

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2020
and 30 November 2021 11,500
AMORTISATION
At 1 December 2020 7,076
Charge for year 2,300
At 30 November 2021 9,376
NET BOOK VALUE
At 30 November 2021 2,124
At 30 November 2020 4,424

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 December 2020
and 30 November 2021 500
DEPRECIATION
At 1 December 2020 449
Charge for year 51
At 30 November 2021 500
NET BOOK VALUE
At 30 November 2021 -
At 30 November 2020 51

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 4,267 4,409
Other debtors 42 42
4,309 4,451

GEOMSOFT SOLUTIONS LIMITED (REGISTERED NUMBER: 11047214)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2021

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 48 -
Taxation and social security 7,447 7,085
Other creditors 17,755 14,888
25,250 21,973

8. DEFERRED TAX
£   
Balance at 1 December 2020 (42 )
Balance at 30 November 2021 (42 )

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
100 Ordinary £1 100 100

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £30,000 (2020 - £18,580) were paid to the director .

The director has made an interest free loan to the company and the balance owing to him at 30 November 2021 was £16,635 (2020 - £13,790). No terms are set down for repayment.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
GEOMSOFT SOLUTIONS LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Geomsoft Solutions Limited for the year ended 30 November 2021 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Geomsoft Solutions Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Geomsoft Solutions Limited and state those matters that we have agreed to state to the director of Geomsoft Solutions Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Geomsoft Solutions Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Geomsoft Solutions Limited. You consider that Geomsoft Solutions 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 financial statements of Geomsoft Solutions 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 financial statements.






Raven Accounting (West Midlands) Limited
Chartered Certified Accountants
11 Stratford Road
Shirley
Solihull
West Midlands
B90 3LU


6 September 2022