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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
Page
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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
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GEO (UK) Management Holdings Limited Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
27,888 
14,920 
Investments
100 
100 
27,988 
15,020 
Current assets
Debtors
- 
2,770 
Cash at bank and in hand
824 
542 
824 
3,312 
Creditors: amounts falling due within one year
(18,228)
(13,873)
Net current liabilities
(17,404)
(10,561)
Net assets
10,584 
4,459 
Capital and reserves
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
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GEO (UK) Management Holdings Limited Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
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.
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GEO (UK) Management Holdings Limited Notes to the Accounts for the year ended 31 May 2023
4
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 
Additions
28,673 
- 
28,673 
Disposals
(9,500)
- 
(9,500)
At 31 May 2023
29,723 
10,800 
40,523 
Depreciation
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 
Net book value
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 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Other debtors
- 
2,770 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
6,112 
- 
Trade creditors
120 
13,180 
Taxes and social security
10,763 
- 
Loans from directors
393 
3 
Accruals
840 
690 
18,228 
13,873 
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).
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