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REGISTERED NUMBER: 08654523 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

SAND GEOPHYSICS LIMITED

SAND GEOPHYSICS LIMITED (REGISTERED NUMBER: 08654523)

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


SAND GEOPHYSICS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: Mr R S Hamilton
Mr L J W Pinson
Dr M E Hayes-Vardy
Mr J D Matthews





SECRETARY: Mrs J Higgins





REGISTERED OFFICE: Unit 11 Mitchell Point
Ensign Way
Hamble
Southampton
Hampshire
SO31 4RF





REGISTERED NUMBER: 08654523 (England and Wales)





ACCOUNTANTS: Casson Beckman
Murrills House
48 East Street
Portchester
Fareham
Hampshire
PO16 9XS

SAND GEOPHYSICS LIMITED (REGISTERED NUMBER: 08654523)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 71,842 81,931
Investments 5 1,600 1,600
73,442 83,531

CURRENT ASSETS
Stocks 211,425 222,981
Debtors 6 774,944 734,566
Cash at bank 302,998 517,732
1,289,367 1,475,279
CREDITORS
Amounts falling due within one year 7 59,231 105,697
NET CURRENT ASSETS 1,230,136 1,369,582
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,303,578

1,453,113

PROVISIONS FOR LIABILITIES 14,464 15,567
NET ASSETS 1,289,114 1,437,546

CAPITAL AND RESERVES
Called up share capital 1,000 8
Capital redemption reserve 3 3
Retained earnings 1,288,111 1,437,535
SHAREHOLDERS' FUNDS 1,289,114 1,437,546

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.

SAND GEOPHYSICS LIMITED (REGISTERED NUMBER: 08654523)

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 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 17 September 2024 and were signed on its behalf by:





Mr R S Hamilton - Director


SAND GEOPHYSICS LIMITED (REGISTERED NUMBER: 08654523)

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


1. STATUTORY INFORMATION

Sand Geophysics 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with subsidiaries within the group.

Turnover
Turnover represents amounts received for geophysical survey support services.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 20% on cost
Computer Software - 25% on cost
Plant and machinery - 33% on cost and 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 50% on cost

Investments in subsidiaries and associates
Investments in subsidiary and associate undertakings are recognised at cost.

Work in progress
Work in progress is measured at sales value.

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 balance sheet date.


SAND GEOPHYSICS LIMITED (REGISTERED NUMBER: 08654523)

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


2. ACCOUNTING POLICIES - continued
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.

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 16 (2023 - 16 ) .

4. TANGIBLE FIXED ASSETS
Short Computer Plant and
leasehold Software machinery
£    £    £   
COST
At 1 February 2023 - 39,399 139,265
Additions 17,485 - 11,467
Disposals - - (15,162 )
At 31 January 2024 17,485 39,399 135,570
DEPRECIATION
At 1 February 2023 - 38,092 75,121
Charge for year 3,497 1,307 22,449
Eliminated on disposal - - (14,164 )
At 31 January 2024 3,497 39,399 83,406
NET BOOK VALUE
At 31 January 2024 13,988 - 52,164
At 31 January 2023 - 1,307 64,144

SAND GEOPHYSICS LIMITED (REGISTERED NUMBER: 08654523)

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


4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2023 3,942 15,995 92,570 291,171
Additions 200 - - 29,152
Disposals - - - (15,162 )
At 31 January 2024 4,142 15,995 92,570 305,161
DEPRECIATION
At 1 February 2023 3,148 7,998 84,881 209,240
Charge for year 468 3,998 6,524 38,243
Eliminated on disposal - - - (14,164 )
At 31 January 2024 3,616 11,996 91,405 233,319
NET BOOK VALUE
At 31 January 2024 526 3,999 1,165 71,842
At 31 January 2023 794 7,997 7,689 81,931

5. FIXED ASSET INVESTMENTS
Shares in Interest
group in
undertakings associate Totals
£    £    £   
COST
At 1 February 2023
and 31 January 2024 900 700 1,600
NET BOOK VALUE
At 31 January 2024 900 700 1,600
At 31 January 2023 900 700 1,600

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 261,789 346,057
Amounts owed by associates - 144,419
Other debtors 87,792 96,651
349,581 587,127

SAND GEOPHYSICS LIMITED (REGISTERED NUMBER: 08654523)

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


6. DEBTORS - continued
2024 2023
£    £   
Amounts falling due after more than one year:
Amounts owed by group undertakings 425,363 147,439

Aggregate amounts 774,944 734,566

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 32,414 28,037
Taxation and social security 24,568 75,265
Other creditors 2,249 2,395
59,231 105,697