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COMPANY REGISTRATION NUMBER: 09460500
UK GEOSPATIAL LTD
Filleted Unaudited Financial Statements
31 January 2024
UK GEOSPATIAL LTD
Chartered Accountant's Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of UK GEOSPATIAL LTD
Year ended 31 January 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of UK GEOSPATIAL LTD for the year ended 31 January 2024, which comprise the income statement, statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. Our work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation.
COUNSELLS Chartered accountants
Smithbrook Kilns Cranleigh Surrey United Kingdom GU6 8JJ
30 October 2024
UK GEOSPATIAL LTD
Income Statement
Year ended 31 January 2024
2024
2023
Note
£
£
Administrative expenses
13
----
----
Operating loss
( 13)
----
----
Loss before taxation
( 13)
Tax on loss
----
----
Loss for the financial year
( 13)
----
----
All the activities of the company are from continuing operations.
The company has no other recognised items of income and expenses other than the results for the year as set out above.
No significant accounting transactions as defined by section 1169 of the Companies Act 2006 occurred in the current year or prior year.
UK GEOSPATIAL LTD
Statement of Financial Position
31 January 2024
2024
2023
Note
£
£
Current assets
Debtors
4
248
Cash at bank and in hand
1
1
----
----
1
249
Creditors: amounts falling due within one year
5
253
501
----
----
Net current liabilities
252
252
----
----
Total assets less current liabilities
( 252)
( 252)
----
----
Capital and reserves
Called up share capital
1
1
Profit and loss account
( 253)
( 253)
----
----
Shareholders deficit
( 252)
( 252)
----
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 30 October 2024 , and are signed on behalf of the board by:
JLG Main
Director
Company registration number: 09460500
UK GEOSPATIAL LTD
Notes to the Financial Statements
Year ended 31 January 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 3 Weston Farm Cottages, The Street, Albury, Guildford, Surrey, GU5 9AY, UK.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Income statement
The company is dormant as defined by section 1169 of the Companies Act 2006. The company incurred no significant transactions during the current year or prior year.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Debtors
2024
2023
£
£
Other debtors
248
----
----
5. Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
253
501
----
----
Included in creditors is £501 due to the director.