2023-04-282023-12-312023-12-31false14834588GEOSEC GROUND ENGINEERING LTD2024-09-16iso4217:GBPxbrli:pure148345882023-04-28148345882023-12-31148345882023-04-282023-12-31148345882023-04-27148345882023-04-27148345882023-04-272023-04-2714834588bus:SmallEntities2023-04-282023-12-3114834588bus:AuditExempt-NoAccountantsReport2023-04-282023-12-3114834588bus:FullAccounts2023-04-282023-12-3114834588bus:PrivateLimitedCompanyLtd2023-04-282023-12-3114834588core:WithinOneYear2023-12-3114834588core:AfterOneYear2023-12-3114834588core:WithinOneYear2023-04-2714834588core:AfterOneYear2023-04-2714834588core:ShareCapital2023-12-3114834588core:SharePremium2023-12-3114834588core:RevaluationReserve2023-12-3114834588core:OtherReservesSubtotal2023-12-3114834588core:RetainedEarningsAccumulatedLosses2023-12-3114834588core:ShareCapital2023-04-2714834588core:SharePremium2023-04-2714834588core:RevaluationReserve2023-04-2714834588core:OtherReservesSubtotal2023-04-2714834588core:RetainedEarningsAccumulatedLosses2023-04-2714834588core:LandBuildings2023-12-3114834588core:PlantMachinery2023-12-3114834588core:Vehicles2023-12-3114834588core:FurnitureFittings2023-12-3114834588core:OfficeEquipment2023-12-3114834588core:NetGoodwill2023-12-3114834588core:IntangibleAssetsOtherThanGoodwill2023-12-3114834588core:ListedExchangeTraded2023-12-3114834588core:UnlistedNon-exchangeTraded2023-12-3114834588core:LandBuildings2023-04-2714834588core:PlantMachinery2023-04-2714834588core:Vehicles2023-04-2714834588core:FurnitureFittings2023-04-2714834588core:OfficeEquipment2023-04-2714834588core:NetGoodwill2023-04-2714834588core:IntangibleAssetsOtherThanGoodwill2023-04-2714834588core:ListedExchangeTraded2023-04-2714834588core:UnlistedNon-exchangeTraded2023-04-2714834588core:LandBuildings2023-04-282023-12-3114834588core:PlantMachinery2023-04-282023-12-3114834588core:Vehicles2023-04-282023-12-3114834588core:FurnitureFittings2023-04-282023-12-3114834588core:OfficeEquipment2023-04-282023-12-3114834588core:NetGoodwill2023-04-282023-12-3114834588core:IntangibleAssetsOtherThanGoodwill2023-04-282023-12-3114834588core:ListedExchangeTraded2023-04-282023-12-3114834588core:UnlistedNon-exchangeTraded2023-04-282023-12-3114834588core:MoreThanFiveYears2023-04-282023-12-3114834588core:Non-currentFinancialInstruments2023-12-3114834588core:Non-currentFinancialInstruments2023-04-2714834588dpl:CostSales2023-04-282023-12-3114834588dpl:DistributionCosts2023-04-282023-12-3114834588core:LandBuildings2023-04-282023-12-3114834588core:PlantMachinery2023-04-282023-12-3114834588core:Vehicles2023-04-282023-12-3114834588core:FurnitureFittings2023-04-282023-12-3114834588core:OfficeEquipment2023-04-282023-12-3114834588dpl:AdministrativeExpenses2023-04-282023-12-3114834588core:NetGoodwill2023-04-282023-12-3114834588core:IntangibleAssetsOtherThanGoodwill2023-04-282023-12-3114834588dpl:GroupUndertakings2023-04-282023-12-3114834588dpl:ParticipatingInterests2023-04-282023-12-3114834588dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-282023-12-3114834588core:ListedExchangeTraded2023-04-282023-12-3114834588dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-282023-12-3114834588core:UnlistedNon-exchangeTraded2023-04-282023-12-3114834588dpl:CostSales2023-04-272023-04-2714834588dpl:DistributionCosts2023-04-272023-04-2714834588core:LandBuildings2023-04-272023-04-2714834588core:PlantMachinery2023-04-272023-04-2714834588core:Vehicles2023-04-272023-04-2714834588core:FurnitureFittings2023-04-272023-04-2714834588core:OfficeEquipment2023-04-272023-04-2714834588dpl:AdministrativeExpenses2023-04-272023-04-2714834588core:NetGoodwill2023-04-272023-04-2714834588core:IntangibleAssetsOtherThanGoodwill2023-04-272023-04-2714834588dpl:GroupUndertakings2023-04-272023-04-2714834588dpl:ParticipatingInterests2023-04-272023-04-2714834588dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-272023-04-2714834588core:ListedExchangeTraded2023-04-272023-04-2714834588dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-272023-04-2714834588core:UnlistedNon-exchangeTraded2023-04-272023-04-2714834588core:NetGoodwill2023-12-3114834588core:IntangibleAssetsOtherThanGoodwill2023-12-3114834588core:LandBuildings2023-12-3114834588core:PlantMachinery2023-12-3114834588core:Vehicles2023-12-3114834588core:FurnitureFittings2023-12-3114834588core:OfficeEquipment2023-12-3114834588core:AfterOneYear2023-12-3114834588core:WithinOneYear2023-12-3114834588core:ListedExchangeTraded2023-12-3114834588core:UnlistedNon-exchangeTraded2023-12-3114834588core:ShareCapital2023-12-3114834588core:SharePremium2023-12-3114834588core:RevaluationReserve2023-12-3114834588core:OtherReservesSubtotal2023-12-3114834588core:RetainedEarningsAccumulatedLosses2023-12-3114834588core:NetGoodwill2023-04-2714834588core:IntangibleAssetsOtherThanGoodwill2023-04-2714834588core:LandBuildings2023-04-2714834588core:PlantMachinery2023-04-2714834588core:Vehicles2023-04-2714834588core:FurnitureFittings2023-04-2714834588core:OfficeEquipment2023-04-2714834588core:AfterOneYear2023-04-2714834588core:WithinOneYear2023-04-2714834588core:ListedExchangeTraded2023-04-2714834588core:UnlistedNon-exchangeTraded2023-04-2714834588core:ShareCapital2023-04-2714834588core:SharePremium2023-04-2714834588core:RevaluationReserve2023-04-2714834588core:OtherReservesSubtotal2023-04-2714834588core:RetainedEarningsAccumulatedLosses2023-04-2714834588core:NetGoodwill2023-04-2714834588core:IntangibleAssetsOtherThanGoodwill2023-04-2714834588core:LandBuildings2023-04-2714834588core:PlantMachinery2023-04-2714834588core:Vehicles2023-04-2714834588core:FurnitureFittings2023-04-2714834588core:OfficeEquipment2023-04-2714834588core:AfterOneYear2023-04-2714834588core:WithinOneYear2023-04-2714834588core:ListedExchangeTraded2023-04-2714834588core:UnlistedNon-exchangeTraded2023-04-2714834588core:ShareCapital2023-04-2714834588core:SharePremium2023-04-2714834588core:RevaluationReserve2023-04-2714834588core:OtherReservesSubtotal2023-04-2714834588core:RetainedEarningsAccumulatedLosses2023-04-2714834588core:AfterOneYear2023-04-282023-12-3114834588core:WithinOneYear2023-04-282023-12-3114834588core:Non-currentFinancialInstrumentscore:CostValuation2023-04-282023-12-3114834588core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-04-282023-12-3114834588core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-04-282023-12-3114834588core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-04-282023-12-3114834588core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-04-282023-12-3114834588core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-04-282023-12-3114834588core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-04-282023-12-3114834588core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-04-282023-12-3114834588core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-04-282023-12-3114834588core:Non-currentFinancialInstrumentscore:CostValuation2023-12-3114834588core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-12-3114834588core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-12-3114834588core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-12-3114834588core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-12-3114834588core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-12-3114834588core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-12-3114834588core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-12-3114834588core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-12-3114834588core:Non-currentFinancialInstrumentscore:CostValuation2023-04-2714834588core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-04-2714834588core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-04-2714834588core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-04-2714834588core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-04-2714834588core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-04-2714834588core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-04-2714834588core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-04-2714834588core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-04-2714834588bus:Director12023-04-282023-12-3114834588bus:Director22023-04-282023-12-3114834588bus:Director32023-04-282023-12-3114834588bus:Director42023-04-282023-12-3114834588bus:Director52023-04-282023-12-31

GEOSEC GROUND ENGINEERING LTD

Registered Number
14834588
(England and Wales)

Unaudited Financial Statements for the Period ended
31 December 2023

GEOSEC GROUND ENGINEERING LTD
Company Information
for the period from 28 April 2023 to 31 December 2023

Directors

GUALERZI, Daniele
LEAL MENENDEZ, Marcos
OCCHI, Andrea
OCCHI, Marco
SEVILLE, James

Registered Address

Linen Hall, Room 252-254 162-168 Regent Street
London
W1B 5TB

Registered Number

14834588 (England and Wales)
GEOSEC GROUND ENGINEERING LTD
Balance Sheet as at
31 December 2023

Notes

2023

£

£

Fixed assets
Tangible assets31,909
1,909
Current assets
Debtors443,315
Cash at bank and on hand58,888
102,203
Creditors amounts falling due within one year5(219,708)
Net current assets (liabilities)(117,505)
Total assets less current liabilities(115,596)
Net assets(115,596)
Capital and reserves
Called up share capital10,000
Profit and loss account(125,596)
Shareholders' funds(115,596)
The financial statements were approved and authorised for issue by the Board of Directors on 16 September 2024, and are signed on its behalf by:
OCCHI, Marco
Director
Registered Company No. 14834588
GEOSEC GROUND ENGINEERING LTD
Notes to the Financial Statements
for the period ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Revenue from rendering of services
Revenue 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.
Interest income
Interest income is recognised using the effective interest rate method.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Defined contribution pension plan
The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Plant and machinery4
Office Equipment4
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
2.Average number of employees

2023
Average number of employees during the year2
3.Tangible fixed assets

Plant & machinery

Office Equipment

Total

£££
Cost or valuation
Additions5501,6482,198
At 31 December 235501,6482,198
Depreciation and impairment
Charge for year80209289
At 31 December 2380209289
Net book value
At 31 December 234701,4391,909
At 27 April 23---
4.Debtors: amounts due within one year

2023

£
Trade debtors / trade receivables33,534
Other debtors4,200
Prepayments and accrued income5,581
Total43,315
5.Creditors: amounts due within one year

2023

£
Trade creditors / trade payables19,901
Amounts owed to related parties163,740
Taxation and social security12,437
Payments received on account1,880
Accrued liabilities and deferred income21,750
Total219,708
Included within trade creditors / trade payables is balance of £11,150 which is owed to related parties.
6.Pension commitments
The company operates a defined contribution pension scheme for the directors and senior employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date, unpaid contributions of £0 were due to the fund. They are included in other creditors.