Company Registration No. 10767690 (England and Wales)
GEO (UK) Management Holdings Limited
Unaudited accounts
for the year ended 31 May 2023
GEO (UK) Management Holdings Limited
Unaudited accounts
Contents
GEO (UK) Management Holdings Limited
Company Information
for the year ended 31 May 2023
Directors
James Sherman
Kerry Sherman
Company Number
10767690 (England and Wales)
Registered Office
Unit 7, Croftwood Square
Martland Mill
Wigan
WN5 0LG
Accountants
FAO Accountancy Services Ltd
101 Melrose Drive
Wigan
WN3 6EG
GEO (UK) Management Holdings Limited
Statement of financial position
as at 31 May 2023
Tangible assets
27,888
14,920
Cash at bank and in hand
824
542
Creditors: amounts falling due within one year
(18,228)
(13,873)
Net current liabilities
(17,404)
(10,561)
Called up share capital
200
200
Profit and loss account
10,384
4,259
Shareholders' funds
10,584
4,459
For the year ending 31 May 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 20 February 2023 and were signed on its behalf by
James Sherman
Director
Company Registration No. 10767690
GEO (UK) Management Holdings Limited
Notes to the Accounts
for the year ended 31 May 2023
GEO (UK) Management Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 10767690. The registered office is Unit 7, Croftwood Square, Martland Mill, Wigan, WN5 0LG.
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.
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
20% on cost
Motor vehicles
20% on cost
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.
GEO (UK) Management Holdings Limited
Notes to the Accounts
for the year ended 31 May 2023
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Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 June 2022
10,550
10,800
21,350
Disposals
(9,500)
-
(9,500)
At 31 May 2023
29,723
10,800
40,523
At 1 June 2022
2,110
4,320
6,430
Charge for the year
5,945
2,160
8,105
On disposals
(1,900)
-
(1,900)
At 31 May 2023
6,155
6,480
12,635
At 31 May 2023
23,568
4,320
27,888
At 31 May 2022
8,440
6,480
14,920
5
Investments
Subsidiary undertakings
Valuation at 1 June 2022
100
Valuation at 31 May 2023
100
Amounts falling due after more than one year
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
120
13,180
Taxes and social security
10,763
-
Loans from directors
393
3
8
Transactions with related parties
During the year, the company received dividends from its 100% owned subsidiary (GEO (UK) Ltd) of £62,174.
The company also made sales to the subsidiary of £94,323.
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).