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REGISTERED NUMBER: 08346269 (England and Wales)















GEO INTERIORS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024






GEO INTERIORS LIMITED (REGISTERED NUMBER: 08346269)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GEO INTERIORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: J D Toogood
P Curran
Mrs L M Toogood





REGISTERED OFFICE: Unit 15, 20 James Road
Tyseley
Birmingham
B11 2BA





REGISTERED NUMBER: 08346269 (England and Wales)





ACCOUNTANTS: Sephton & Company LLP
Chartered Certified Accountants
Marston House
5 Elmdon Lane
Marston Green
Solihull
West Midlands
B37 7DL

GEO INTERIORS LIMITED (REGISTERED NUMBER: 08346269)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 32,553 21,404

CURRENT ASSETS
Stocks 3,279 19,678
Debtors 5 610,100 354,284
Cash at bank and in hand 249,265 346,736
862,644 720,698
CREDITORS
Amounts falling due within one year 6 265,047 249,115
NET CURRENT ASSETS 597,597 471,583
TOTAL ASSETS LESS CURRENT
LIABILITIES

630,150

492,987

CREDITORS
Amounts falling due after more than one
year

7

-

(13,925

)

PROVISIONS FOR LIABILITIES (8,191 ) (4,010 )
NET ASSETS 621,959 475,052

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 621,859 474,952
621,959 475,052

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

GEO INTERIORS LIMITED (REGISTERED NUMBER: 08346269)

BALANCE SHEET - continued
31 JANUARY 2024


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 Board of Directors and authorised for issue on 11 October 2024 and were signed on its behalf by:





J D Toogood - Director


GEO INTERIORS LIMITED (REGISTERED NUMBER: 08346269)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Geo Interiors 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 (£).


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.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

GEO INTERIORS LIMITED (REGISTERED NUMBER: 08346269)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


2. ACCOUNTING POLICIES - continued

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.

Government grants
Grants relating to revenue are recognised in income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 February 2023 7,300 36,009 43,309
Additions - 26,791 26,791
Disposals - (16,410 ) (16,410 )
At 31 January 2024 7,300 46,390 53,690
DEPRECIATION
At 1 February 2023 6,089 15,816 21,905
Charge for year 302 10,147 10,449
Eliminated on disposal - (11,217 ) (11,217 )
At 31 January 2024 6,391 14,746 21,137
NET BOOK VALUE
At 31 January 2024 909 31,644 32,553
At 31 January 2023 1,211 20,193 21,404

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 468,039 190,964
Other debtors 142,061 163,320
610,100 354,284

GEO INTERIORS LIMITED (REGISTERED NUMBER: 08346269)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 13,925 26,065
Trade creditors 27,333 80,786
Taxation and social security 219,943 137,640
Other creditors 3,846 4,624
265,047 249,115

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 13,925

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 15,167 8,105
Between one and five years 12,378 12,832
27,545 20,937

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
J D Toogood
Balance outstanding at start of year 95,441 118,476
Amounts repaid (26,146 ) (23,035 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 69,295 95,441