IRIS Accounts Production v24.3.0.553 09115362 director 1.12.22 29.11.23 29.11.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh091153622022-11-30091153622023-11-29091153622022-12-012023-11-29091153622021-11-30091153622021-12-012022-11-30091153622022-11-3009115362ns15:EnglandWales2022-12-012023-11-2909115362ns14:PoundSterling2022-12-012023-11-2909115362ns10:Director12022-12-012023-11-2909115362ns10:PrivateLimitedCompanyLtd2022-12-012023-11-2909115362ns10:SmallEntities2022-12-012023-11-2909115362ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-2909115362ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-2909115362ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-2909115362ns10:FullAccounts2022-12-012023-11-290911536212022-12-012023-11-2909115362ns10:CompanySecretary12022-12-012023-11-2909115362ns10:RegisteredOffice2022-12-012023-11-2909115362ns5:CurrentFinancialInstruments2023-11-2909115362ns5:CurrentFinancialInstruments2022-11-3009115362ns5:Non-currentFinancialInstruments2023-11-2909115362ns5:Non-currentFinancialInstruments2022-11-3009115362ns5:ShareCapital2023-11-2909115362ns5:ShareCapital2022-11-3009115362ns5:RetainedEarningsAccumulatedLosses2023-11-2909115362ns5:RetainedEarningsAccumulatedLosses2022-11-3009115362ns5:PlantMachinery2022-12-012023-11-2909115362ns5:MotorVehicles2022-12-012023-11-2909115362ns5:ComputerEquipment2022-12-012023-11-2909115362ns5:NetGoodwill2022-11-3009115362ns5:NetGoodwill2023-11-2909115362ns5:NetGoodwill2022-11-3009115362ns5:PlantMachinery2022-11-3009115362ns5:MotorVehicles2022-11-3009115362ns5:ComputerEquipment2022-11-3009115362ns5:PlantMachinery2023-11-2909115362ns5:MotorVehicles2023-11-2909115362ns5:ComputerEquipment2023-11-2909115362ns5:PlantMachinery2022-11-3009115362ns5:MotorVehicles2022-11-3009115362ns5:ComputerEquipment2022-11-3009115362ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-2909115362ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-30
REGISTERED NUMBER: 09115362 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 DECEMBER 2022 TO 29 NOVEMBER 2023

FOR

GEOLEX (UK) LIMITED

GEOLEX (UK) LIMITED (REGISTERED NUMBER: 09115362)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 DECEMBER 2022 TO 29 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GEOLEX (UK) LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 DECEMBER 2022 TO 29 NOVEMBER 2023







DIRECTOR: A J P Wren Esq





SECRETARY: J M Hiscox





REGISTERED OFFICE: Invicta Business Centre
Monument Way
Orbital Park
Ashford
Kent
TN24 0HB





BUSINESS ADDRESS: 47a Court Street
Faversham
Kent
ME13 7AL





REGISTERED NUMBER: 09115362 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Chartered Accountants
Invicta Business Centre
Monument Way
Orbital Park
Ashford
Kent
TN24 0HB

GEOLEX (UK) LIMITED (REGISTERED NUMBER: 09115362)

BALANCE SHEET
29 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 4,326 5,827
4,326 5,827

CURRENT ASSETS
Debtors 6 8,241 52,787
Prepayments and accrued income 3,654 8,657
Cash at bank 63,431 98,192
75,326 159,636
CREDITORS
Amounts falling due within one year 7 35,734 98,457
NET CURRENT ASSETS 39,592 61,179
TOTAL ASSETS LESS CURRENT
LIABILITIES

43,918

67,006

CREDITORS
Amounts falling due after more than one
year

8

(33,717

)

(39,630

)

PROVISIONS FOR LIABILITIES (867 ) (1,107 )
NET ASSETS 9,334 26,269

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 9,333 26,268
SHAREHOLDERS' FUNDS 9,334 26,269

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 November 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

GEOLEX (UK) LIMITED (REGISTERED NUMBER: 09115362)

BALANCE SHEET - continued
29 NOVEMBER 2023


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 director and authorised for issue on 28 November 2024 and were signed by:





A J P Wren Esq - Director


GEOLEX (UK) LIMITED (REGISTERED NUMBER: 09115362)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 DECEMBER 2022 TO 29 NOVEMBER 2023

1. STATUTORY INFORMATION

Geolex (UK) 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 a straight line basis
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on a straight line basis

Taxation
Taxation for the period 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.

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 period 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.

Going concern
Owing to increased competition in the market and a shortage of available labour, the company ceased trading on 31 July 2024. The impact on these financial statements would be to move fixed assets to current assets and creditors due after more than one year, to current liabilities. However the net asset position remains the same at the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2022 - 1 ) .

GEOLEX (UK) LIMITED (REGISTERED NUMBER: 09115362)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 DECEMBER 2022 TO 29 NOVEMBER 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 29 November 2023 2,000
AMORTISATION
At 1 December 2022
and 29 November 2023 2,000
NET BOOK VALUE
At 29 November 2023 -
At 30 November 2022 -

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2022
and 29 November 2023 300 28,373 7,517 36,190
DEPRECIATION
At 1 December 2022 300 22,604 7,459 30,363
Charge for period - 1,443 58 1,501
At 29 November 2023 300 24,047 7,517 31,864
NET BOOK VALUE
At 29 November 2023 - 4,326 - 4,326
At 30 November 2022 - 5,769 58 5,827

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 30,675
Other debtors 8,241 22,112
8,241 52,787

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,000 5,000
Trade creditors 23,240 50,921
Taxation and social security 711 6,952
Other creditors 6,783 35,584
35,734 98,457

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 33,717 39,630

9. RELATED PARTY DISCLOSURES

The bank balances include company funds held in an account in the name of the director.