GEOTECK LTD Filleted Accounts Cover
GEOTECK LTD
Company No. 07952864
Information for Filing with The Registrar
28 February 2023
GEOTECK LTD Directors Report Registrar
The Director presents his report and the accounts for the year ended 28 February 2023.
Principal activities
The principal activity of the company during the year under review was .
Director
The Director who served at any time during the year was as follows:
L. Dhliwayo
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
L. Dhliwayo
Director
04 October 2023
GEOTECK LTD Balance Sheet Registrar
at
28 February 2023
Company No.
07952864
Notes
2023
2022
£
£
Fixed assets
Tangible assets
4
37,95444,910
Investments
5
123,83840,000
161,79284,910
Current assets
Cash at bank and in hand
-42,288
-42,288
Creditors: Amount falling due within one year
6
(54,283)
(41,200)
Net current (liabilities)/assets
(54,283)
1,088
Total assets less current liabilities
107,50985,998
Net assets
107,50985,998
Capital and reserves
Called up share capital
11
Profit and loss account
7
107,50885,997
Total equity
107,50985,998
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 28 February 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 04 October 2023
And signed on its behalf by:
L. Dhliwayo
Director
04 October 2023
GEOTECK LTD Notes to the Accounts Registrar
for the year ended 28 February 2023
1
General information
Its registered number is: 07952864
Its registered office is:
Its trading address is:
3 Lower Mere
8 Orlando Gardens
East Grinstead
Epsom
Surrey
RH19 4TB
KT19 9ET
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
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.
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.
Freehold investment property
Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account.

No depreciation is provided in respect of investment properties.
Investments
Unlisted investments are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.
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.
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
11
4
Tangible fixed assets
Land and buildings
Total
£
£
Cost or revaluation
At 1 March 2022
47,87547,875
At 28 February 2023
47,87547,875
Depreciation
At 1 March 2022
2,9652,965
Charge for the year
723723
Revaluation
6,233
6,233
At 28 February 2023
9,9219,921
Net book values
At 28 February 2023
37,95437,954
At 28 February 2022
44,91044,910
5
Investments
Investment in Subsidiaries
Total
£
£
Cost or valuation
At 1 March 2022
40,00040,000
Additions
83,83883,838
At 28 February 2023
123,838123,838
Provisions/Impairment
Net book values
At 28 February 2023
123,838123,838
At 28 February 2022
40,00040,000
6
Creditors:
amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
8,28312,494
Corporation tax
28,05825,400
Other taxes and social security
17,9423,306
54,28341,200
7
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
8
Dividends
2023
2022
£
£
Dividends for the period:
Dividends paid in the period
27,300
18,800
27,300
18,800
Dividends by type:
Equity dividends
27,30018,800
27,300
18,800
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