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REGISTERED NUMBER: 07272991 (England and Wales)















RockWash Geodata Ltd

Unaudited Financial Statements for the Year Ended 31 December 2023






RockWash Geodata Ltd (Registered number: 07272991)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


RockWash Geodata Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Dr M G Snape
Mr D D Langton
Mr J W Cawthorne
Mr M G Brocklesby
Mr B L Ormsby
Mr A J Bosley
Mr M S Lavelle





REGISTERED OFFICE: 52C Borough High Street
London
SE1 1XN





REGISTERED NUMBER: 07272991 (England and Wales)





ACCOUNTANTS: Pritchett & Co
Chartered Accountants and Chartered Tax Advisers
16 Wynnstay Road
Colwyn Bay
Conwy
LL29 8NB

RockWash Geodata Ltd (Registered number: 07272991)

Statement of Financial Position
31 December 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 121,435 129,984
Tangible assets 5 592,748 689,212
Investments 6 1,005 1,005
715,188 820,201

CURRENT ASSETS
Stocks 16,738 77,350
Debtors 7 1,090,577 418,029
Cash at bank 480,389 1,171,354
1,587,704 1,666,733
CREDITORS
Amounts falling due within one year 8 212,795 297,411
NET CURRENT ASSETS 1,374,909 1,369,322
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,090,097

2,189,523

PROVISIONS FOR LIABILITIES 91,000 108,000
NET ASSETS 1,999,097 2,081,523

CAPITAL AND RESERVES
Called up share capital 10 1,957 1,957
Share premium 22,810 22,810
Retained earnings 1,974,330 2,056,756
SHAREHOLDERS' FUNDS 1,999,097 2,081,523

RockWash Geodata Ltd (Registered number: 07272991)

Statement of Financial Position - continued
31 December 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2024 and were signed on its behalf by:





Dr M G Snape - Director


RockWash Geodata Ltd (Registered number: 07272991)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

RockWash Geodata Ltd 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.

2. ACCOUNTING POLICIES

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

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - over 10 years (period of lease)
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 Statement of Income and Retained Earnings, 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 statement of financial position date.


RockWash Geodata Ltd (Registered number: 07272991)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2022 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 January 2023 192,718
Additions 1,144
At 31 December 2023 193,862
AMORTISATION
At 1 January 2023 62,734
Amortisation for year 9,693
At 31 December 2023 72,427
NET BOOK VALUE
At 31 December 2023 121,435
At 31 December 2022 129,984

RockWash Geodata Ltd (Registered number: 07272991)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2023 150,801 1,073,927 168,686 18,970 1,412,384
Additions - 74,264 6,034 - 80,298
At 31 December 2023 150,801 1,148,191 174,720 18,970 1,492,682
DEPRECIATION
At 1 January 2023 53,073 553,044 109,185 7,870 723,172
Charge for year 15,080 133,493 24,395 3,794 176,762
At 31 December 2023 68,153 686,537 133,580 11,664 899,934
NET BOOK VALUE
At 31 December 2023 82,648 461,654 41,140 7,306 592,748
At 31 December 2022 97,728 520,883 59,501 11,100 689,212

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 1,005
NET BOOK VALUE
At 31 December 2023 1,005
At 31 December 2022 1,005

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade debtors 899,875 281,819
Amounts owed by group undertakings 92,200 50,000
Other debtors 25,010 13,734
Corporation tax recoverable 29,782 -
VAT 10,038 26,737
Prepayments 33,672 45,739
1,090,577 418,029

RockWash Geodata Ltd (Registered number: 07272991)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade creditors 124,973 185,483
Corporation tax payable - 61,001
Social security and other taxes 28,473 26,888
Other creditors 59,349 24,039
212,795 297,411

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31/12/23 31/12/22
£    £   
Within one year 45,000 75,000
Between one and five years 180,000 180,000
In more than five years 176,250 41,250
401,250 296,250

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/12/23 31/12/22
value: £    £   
1,957 Ordinary 1 1,957 1,957

11. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors. The results of the company are not considered in any other company's financial statement.

On 27 June 2024, following the end of the accounting period, Geotek Limited acquired 100% of the issued share capital of the company. Geotek Limited is a wholly owned subsidiary of Judges Scientific plc, a group focused on acquiring and developing companies in the scientific instrument sector.