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REGISTERED NUMBER: 03437431 (England and Wales)















GEOFIX Limited

Unaudited Financial Statements

for the Year Ended 31st March 2024






GEOFIX Limited (Registered number: 03437431)






Contents of the Financial Statements
for the year ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


GEOFIX Limited

Company Information
for the year ended 31st March 2024







DIRECTOR: J S Andrews





SECRETARY: D F Appleyard





REGISTERED OFFICE: Stour Lodge
Bradfield
Manningtree
Essex
CO11 2UP





REGISTERED NUMBER: 03437431 (England and Wales)





ACCOUNTANTS: Cheney & Co
310 Wellingborough Road
Northampton
NN1 4EP

GEOFIX Limited (Registered number: 03437431)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,011 692

CURRENT ASSETS
Stocks 120,093 147,304
Debtors 6 210,666 234,429
Cash at bank 222,500 374,579
553,259 756,312
CREDITORS
Amounts falling due within one year 7 28,881 146,035
NET CURRENT ASSETS 524,378 610,277
TOTAL ASSETS LESS CURRENT
LIABILITIES

525,389

610,969

CAPITAL AND RESERVES
Called up share capital 8 390 390
Share premium 9 133,195 133,195
Capital redemption reserve 9 10 10
Retained earnings 9 391,794 477,374
SHAREHOLDERS' FUNDS 525,389 610,969

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 11th June 2024 and were signed by:





J S Andrews - Director


GEOFIX Limited (Registered number: 03437431)

Notes to the Financial Statements
for the year ended 31st March 2024

1. STATUTORY INFORMATION

GEOFIX Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


The principal activity of the company in the year under review was that of supply of specilised jointing compounds.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 50% on cost
Fixtures and fittings - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


GEOFIX Limited (Registered number: 03437431)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

3. ACCOUNTING POLICIES - continued

Foreign currencies
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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1st April 2023 126,118 7,196 133,314
Additions - 715 715
At 31st March 2024 126,118 7,911 134,029
DEPRECIATION
At 1st April 2023 126,118 6,504 132,622
Charge for year - 396 396
At 31st March 2024 126,118 6,900 133,018
NET BOOK VALUE
At 31st March 2024 - 1,011 1,011
At 31st March 2023 - 692 692

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 19,189 37,170
Other debtors 191,477 197,259
210,666 234,429

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 22,743 14,242
Taxation and social security 2,156 1,955
Other creditors 3,982 129,838
28,881 146,035

8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
390 Ordinary £1 390 390

GEOFIX Limited (Registered number: 03437431)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

9. RESERVES
Capital
Retained Share redemption
earnings premium reserve Totals
£    £    £    £   

At 1st April 2023 477,374 133,195 10 610,579
Deficit for the year (85,580 ) - - (85,580 )
At 31st March 2024 391,794 133,195 10 524,999

10. CONTINGENT LIABILITIES

There were no contingent liabilities as at 31st March 2024 or at 31st March 2023.

11. CAPITAL COMMITMENTS

There were no capital commitments as at 31st March 2024 or at 31st March 2023
.