Geoflex Global Solutions Limited Filleted Accounts Cover
Geoflex Global Solutions Limited
Company No. 10387775
Information for Filing with The Registrar
30 September 2023
Geoflex Global Solutions Limited Directors Report Registrar
The Directors present their report and the accounts for the year ended 30 September 2023.
Principal activities
The principal activity of the company during the year under review was online sales.
Directors
The Directors who served at any time during the year were as follows:
C.M. Herdsman
S.I. Herdsman
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
S.I. Herdsman
Director
31 August 2024
Geoflex Global Solutions Limited Balance Sheet Registrar
at
30 September 2023
Company No.
10387775
Notes
2023
2022
£
£
Fixed assets
Tangible assets
4
8751,167
8751,167
Current assets
Stocks
5
7,00013,000
Debtors
6
200306
Cash at bank and in hand
1,5103,083
8,71016,389
Creditors: Amount falling due within one year
7
(13,223)
(13,278)
Net current (liabilities)/assets
(4,513)
3,111
Total assets less current liabilities
(3,638)
4,278
Net (liabilities)/assets
(3,638)
4,278
Capital and reserves
Called up share capital
22
Profit and loss account
8
(3,640)
4,276
Total equity
(3,638)
4,278
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 30 September 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 31 August 2024 and signed on its behalf by:
S.I. Herdsman
Director
31 August 2024
Geoflex Global Solutions Limited Notes to the Accounts Registrar
for the year ended 30 September 2023
1
General information
Geoflex Global Solutions Limited is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 10387775
Its registered office is:
1 The Paddocks
Kirk Ella
East Yorkshire
HU10 7PF
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Plant and machinery
25% Reducing balance
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
22
4
Tangible fixed assets
Plant and machinery
Total
£
£
Cost or revaluation
At 1 October 2022
2,4792,479
At 30 September 2023
2,4792,479
Depreciation
At 1 October 2022
1,3121,312
Charge for the year
292292
At 30 September 2023
1,6041,604
Net book values
At 30 September 2023
875875
At 30 September 2022
1,167
1,167
5
Stocks
2023
2022
£
£
Finished goods
7,00013,000
7,00013,000
6
Debtors
2023
2022
£
£
Other debtors
200306
200306
7
Creditors:
amounts falling due within one year
2023
2022
£
£
Loans from directors
12,22012,112
Accruals and deferred income
1,0031,166
13,22313,278
8
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
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