Acorah Software Products - Accounts Production 15.0.600 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 06891644 Mr T Jones Mr J Gulland Mr J Church Mr J Church iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06891644 2023-04-30 06891644 2024-04-30 06891644 2023-05-01 2024-04-30 06891644 frs-core:CurrentFinancialInstruments 2024-04-30 06891644 frs-core:Non-currentFinancialInstruments 2024-04-30 06891644 frs-core:ComputerEquipment 2024-04-30 06891644 frs-core:ComputerEquipment 2023-05-01 2024-04-30 06891644 frs-core:ComputerEquipment 2023-04-30 06891644 frs-core:FurnitureFittings 2024-04-30 06891644 frs-core:FurnitureFittings 2023-05-01 2024-04-30 06891644 frs-core:FurnitureFittings 2023-04-30 06891644 frs-core:ShareCapital 2024-04-30 06891644 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 06891644 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 06891644 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 06891644 frs-bus:SmallEntities 2023-05-01 2024-04-30 06891644 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 06891644 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 06891644 frs-core:UnlistedNon-exchangeTraded 2024-04-30 06891644 frs-core:UnlistedNon-exchangeTraded 2023-04-30 06891644 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-04-30 06891644 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-04-30 06891644 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-04-30 06891644 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-04-30 06891644 frs-bus:Director1 2023-05-01 2024-04-30 06891644 frs-bus:Director2 2023-05-01 2024-04-30 06891644 frs-bus:Director3 2023-05-01 2024-04-30 06891644 frs-bus:CompanySecretary1 2023-05-01 2024-04-30 06891644 frs-countries:EnglandWales 2023-05-01 2024-04-30 06891644 2022-04-30 06891644 2023-04-30 06891644 2022-05-01 2023-04-30 06891644 frs-core:CurrentFinancialInstruments 2023-04-30 06891644 frs-core:Non-currentFinancialInstruments 2023-04-30 06891644 frs-core:ShareCapital 2023-04-30 06891644 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 06891644
Geopartners Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06891644
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 12,018 14,443
Investments 5 100 100
12,118 14,543
CURRENT ASSETS
Debtors 6 499,126 572,194
Cash at bank and in hand 2,187,527 1,002,950
2,686,653 1,575,144
Creditors: Amounts Falling Due Within One Year 7 (1,539,608 ) (628,188 )
NET CURRENT ASSETS (LIABILITIES) 1,147,045 946,956
TOTAL ASSETS LESS CURRENT LIABILITIES 1,159,163 961,499
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,005 ) (2,744 )
NET ASSETS 1,156,158 958,755
CAPITAL AND RESERVES
Called up share capital 8 211 211
Profit and Loss Account 1,155,947 958,544
SHAREHOLDERS' FUNDS 1,156,158 958,755
Page 1
Page 2
For the year ending 30 April 2024 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr J Church
Director
7 August 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Geopartners Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06891644 . The registered office is 10 The Triangle, Ng2 Business Park, Nottingham, NG2 1AE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% reducing balance basis
Computer Equipment 25% reducing balance basis
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. 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 statement of comprehensive income 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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 5)
5 5
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 May 2023 37,868 42,292 80,160
Additions - 1,582 1,582
As at 30 April 2024 37,868 43,874 81,742
Depreciation
As at 1 May 2023 26,956 38,761 65,717
Provided during the period 2,359 1,648 4,007
As at 30 April 2024 29,315 40,409 69,724
Net Book Value
As at 30 April 2024 8,553 3,465 12,018
As at 1 May 2023 10,912 3,531 14,443
5. Investments
Unlisted
£
Cost
As at 1 May 2023 100
As at 30 April 2024 100
Provision
As at 1 May 2023 -
As at 30 April 2024 -
Net Book Value
As at 30 April 2024 100
As at 1 May 2023 100
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 158,991 179,997
Prepayments and accrued income 82,632 140,488
Other debtors 5,809 13,208
VAT - 584
Directors' loan accounts 1,075 -
248,507 334,277
Due after more than one year
Other debtors 250,619 237,917
499,126 572,194
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 577,414 106,385
Corporation tax 161,203 -
Other taxes and social security 1,025 378
VAT 77,512 -
Other creditors 100 288
Accruals and deferred income 722,353 521,137
Directors' loan accounts 1 -
1,539,608 628,188
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 211 211
Page 5