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Company Registration No. 10628532 (England and Wales)
Geomas Concepts Limited Unaudited accounts for the year ended 29 February 2024
Geomas Concepts Limited Unaudited accounts Contents
Page
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Geomas Concepts Limited Company Information for the year ended 29 February 2024
Director
Omamuyovwi Eruchoeqecho Alagbaoso
Company Number
10628532 (England and Wales)
Registered Office
53 Charles Dart Crescent Barnstaple EX32 7ED England
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Geomas Concepts Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Inventories
78,542 
78,542 
Cash at bank and in hand
37 
40 
78,579 
78,582 
Creditors: amounts falling due within one year
3,533 
(7,112)
Net current assets
82,112 
71,470 
Total assets less current liabilities
82,112 
71,470 
Creditors: amounts falling due after more than one year
(36,607)
(41,240)
Net assets
45,505 
30,230 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
45,495 
30,220 
Shareholders' funds
45,505 
30,230 
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 November 2024 and were signed on its behalf by
Omamuyovwi Eruchoeqecho Alagbaoso Director Company Registration No. 10628532
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Geomas Concepts Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Geomas Concepts Limited is a private company, limited by shares, registered in England and Wales, registration number 10628532. The registered office is 53 Charles Dart Crescent, Barnstaple, EX32 7ED, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 29 February 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 March 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
16,420 
7,112 
Loans from directors
(19,953)
- 
(3,533)
7,112 
5
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
36,607 
41,240 
6
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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