Company Registration No. 10411544 (England and Wales)
Geo Integrity Ltd
Unaudited accounts
for the year ended 31 October 2023
Geo Integrity Ltd
Unaudited accounts
Contents
Geo Integrity Ltd
Company Information
for the year ended 31 October 2023
Directors
Mr M J Bateman
Mrs H C Bateman
Company Number
10411544 (England and Wales)
Registered Office
4 Church Street,
Maids Moreton
Buckingham
MK18 1QE
Accountants
Anthistle Craven
Moreton House
31 High Street
Buckingham
Bucks
MK18 1NU
Geo Integrity Ltd
Statement of financial position
as at 31 October 2023
Tangible assets
20,428
25,717
Cash at bank and in hand
193,745
208,818
Creditors: amounts falling due within one year
(118,125)
(117,654)
Net current assets
291,142
288,441
Total assets less current liabilities
311,570
314,158
Provisions for liabilities
Deferred tax
(3,881)
(4,886)
Net assets
307,689
309,272
Called up share capital
100
100
Profit and loss account
307,589
309,172
Shareholders' funds
307,689
309,272
For the year ending 31 October 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 Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 5 February 2024 and were signed on its behalf by
Mr M J Bateman
Director
Company Registration No. 10411544
Geo Integrity Ltd
Notes to the Accounts
for the year ended 31 October 2023
Geo Integrity Ltd is a private company, limited by shares, registered in England and Wales, registration number 10411544. The registered office is 4 Church Street,, Maids Moreton , Buckingham , MK18 1QE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on reducing balance
Motor vehicles
20% on reducing balance
Computer equipment
25% on reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Geo Integrity Ltd
Notes to the Accounts
for the year ended 31 October 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2022
14,586
30,050
6,186
50,822
At 31 October 2023
14,782
30,050
6,186
51,018
At 1 November 2022
11,403
10,168
3,534
25,105
Charge for the year
845
3,977
663
5,485
At 31 October 2023
12,248
14,145
4,197
30,590
At 31 October 2023
2,534
15,905
1,989
20,428
At 31 October 2022
3,183
19,882
2,652
25,717
Amounts falling due within one year
Trade debtors
160,386
151,452
Accrued income and prepayments
5,976
5,175
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
59,115
41,793
Taxes and social security
58,414
71,373
Loans from directors
212
4,104
7
Average number of employees
During the year the average number of employees was 7 (2022: 7).