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REGISTERED NUMBER: 03663783 (England and Wales)















Report of the Directors and

Unaudited

Consolidated Financial Statements

for the Year Ended 31 March 2024

for

Getmapping Limited

Getmapping Limited (Registered number: 03663783)






Contents of the Consolidated Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Report of the Directors 2

Consolidated Income Statement 3

Consolidated Statement of Financial Position 4

Company Statement of Financial Position 6

Notes to the Consolidated Financial Statements 8


Getmapping Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: D E Horner
D G Fraser
T F Marshall
G Melham
M J Murphy
D A H Scott
Dr A C Starling





SECRETARY: G Sullivan





REGISTERED OFFICE: 10a White Hart Parade
London Road
Camberley
Surrey
GU17 9AD





REGISTERED NUMBER: 03663783 (England and Wales)





ACCOUNTANTS: Turner & Co
Chartered Accountants
10a White Hart Parade
London Road
Blackwater
Camberley
Surrey
GU17 9AD

Getmapping Limited (Registered number: 03663783)

Report of the Directors
for the Year Ended 31 March 2024

The directors present their report with the financial statements of the company and the group for the year ended 31 March 2024.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2023 to the date of this report.

D E Horner
D G Fraser
T F Marshall
G Melham
M J Murphy
D A H Scott
Dr A C Starling

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





D E Horner - Director


20 December 2024

Getmapping Limited (Registered number: 03663783)

Consolidated
Income Statement
for the Year Ended 31 March 2024

Period
1.1.22
Year Ended to
31.3.24 31.3.23
Notes £    £   

TURNOVER 4,356,208 4,848,454

Cost of sales 528,531 1,025,005
GROSS PROFIT 3,827,677 3,823,449

Administrative expenses 3,186,014 3,309,596
641,663 513,853

Other operating income 179,483 12,285
OPERATING PROFIT 4 821,146 526,138

Interest receivable and similar
income

168

5
821,314 526,143

Interest payable and similar expenses 491,670 206,429
PROFIT BEFORE TAXATION 329,644 319,714

Tax on profit (55,207 ) (84,060 )
PROFIT FOR THE FINANCIAL
YEAR

384,851

403,774

Profit attributable to:
Owners of the parent 381,794 394,089
Non-controlling interests 3,057 9,685
384,851 403,774

Getmapping Limited (Registered number: 03663783)

Consolidated Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 6 802,721 682,381
Tangible assets 7 5,302,727 4,613,134
Investments 8 - -
6,105,448 5,295,515

CURRENT ASSETS
Stocks 55,584 119,481
Debtors 9 772,627 1,154,736
Cash at bank and in hand 122 41,626
828,333 1,315,843
CREDITORS
Amounts falling due within one year 10 2,031,127 2,074,377
NET CURRENT LIABILITIES (1,202,794 ) (758,534 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,902,654

4,536,981

CREDITORS
Amounts falling due after more than
one year

11

795,262

907,905
NET ASSETS 4,107,392 3,629,076

Getmapping Limited (Registered number: 03663783)

Consolidated Statement of Financial Position - continued
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 108,544 103,926
Share premium 98,532 -
Revaluation reserve 254,435 262,817
Retained earnings 3,887,826 3,497,650
SHAREHOLDERS' FUNDS 4,349,337 3,864,393

NON-CONTROLLING INTERESTS (241,945 ) (235,317 )
TOTAL EQUITY 4,107,392 3,629,076

The company and the group are entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company and the group to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a) ensuring that the group 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 and the group as at the end of each financial year and of the group's 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 and the group.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 20 December 2024 and were signed on its behalf by:





D E Horner - Director


Getmapping Limited (Registered number: 03663783)

Company Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 6 802,721 667,481
Tangible assets 7 5,027,574 4,259,068
Investments 8 116,405 116,405
5,946,700 5,042,954

CURRENT ASSETS
Debtors 9 1,538,292 2,417,758
Cash at bank 2,907 41,612
1,541,199 2,459,370
CREDITORS
Amounts falling due within one year 10 1,725,355 1,951,766
NET CURRENT (LIABILITIES)/ASSETS (184,156 ) 507,604
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,762,544

5,550,558

CREDITORS
Amounts falling due after more than
one year

11

767,818

865,553
NET ASSETS 4,994,726 4,685,005

Getmapping Limited (Registered number: 03663783)

Company Statement of Financial Position - continued
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 108,544 103,926
Share premium 98,532 -
Revaluation reserve 262,817 262,817
Retained earnings 4,524,833 4,318,262
SHAREHOLDERS' FUNDS 4,994,726 4,685,005

Company's profit for the financial
year

206,571

251,925

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

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

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 20 December 2024 and were signed on its behalf by:





D E Horner - Director


Getmapping Limited (Registered number: 03663783)

Notes to the Consolidated Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Getmapping 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 General Information page.

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.

Goodwill
Goodwill represents the excess of the fair value of the consideration given over the fair value of the net assets acquired for a business acquisition. The group assesses the useful economic life of goodwill arising on consolidation of group entities and amortises amounts relating to each transaction over periods where the benefits are expected to be realised. The maximum useful economic life is ten years.

Intangible assets
Costs relating to research and development are capitalised as intangible fixed assets.


Intangible fixed assets are amortised at rates calculated to write off the costs of the assets over their estimated useful economic lives, as below. Impairment of intangible assets is reviewed where circumstances indicate that the carrying value of an asset may not be recoverable .

Intangible fixed assets 10 year on straight line basis or 25% reducing balance

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 - at varying rates on cost
Fixtures and fittings - 33% on cost
Data Imaging - 20% on cost

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.

Getmapping Limited (Registered number: 03663783)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 group operates a defined contribution pension scheme. Contributions payable to the group'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 22 (2023 - 21 ) .

The average number of employees by undertakings that were proportionately consolidated during the year was 46 (2023 - 50 ) .

Getmapping Limited (Registered number: 03663783)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 March 2024

4. OPERATING PROFIT

The operating profit is stated after charging:

Period
1.1.22
Year Ended to
31.3.24 31.3.23
£    £   
Depreciation - owned assets 1,294,392 1,142,406
Goodwill amortisation 14,900 15,500
Development costs amortisation 70,544 9,136

5. INDIVIDUAL STATEMENT OF COMPREHENSIVE INCOME

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


6. INTANGIBLE FIXED ASSETS

Group
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 April 2023 124,000 9,374,860 9,498,860
Additions - 205,784 205,784
Disposals - (8,669,431 ) (8,669,431 )
At 31 March 2024 124,000 911,213 1,035,213
AMORTISATION
At 1 April 2023 109,100 8,707,379 8,816,479
Charge for year 14,900 70,544 85,444
Eliminated on disposal - (8,669,431 ) (8,669,431 )
At 31 March 2024 124,000 108,492 232,492
NET BOOK VALUE
At 31 March 2024 - 802,721 802,721
At 31 March 2023 14,900 667,481 682,381

Getmapping Limited (Registered number: 03663783)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 March 2024

6. INTANGIBLE FIXED ASSETS - continued

Company
Other
intangible
assets
£   
COST
At 1 April 2023 9,374,860
Additions 205,784
Disposals (8,669,431 )
At 31 March 2024 911,213
AMORTISATION
At 1 April 2023 8,707,379
Charge for year 70,544
Eliminated on disposal (8,669,431 )
At 31 March 2024 108,492
NET BOOK VALUE
At 31 March 2024 802,721
At 31 March 2023 667,481

Getmapping Limited (Registered number: 03663783)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 March 2024

7. TANGIBLE FIXED ASSETS

Group
Plant and
machinery
etc
£   
COST
At 1 April 2023 14,131,004
Additions 1,983,545
Disposals (6,344,775 )
At 31 March 2024 9,769,774
DEPRECIATION
At 1 April 2023 9,517,870
Charge for year 1,294,392
Eliminated on disposal (6,345,215 )
At 31 March 2024 4,467,047
NET BOOK VALUE
At 31 March 2024 5,302,727
At 31 March 2023 4,613,134

Getmapping Limited (Registered number: 03663783)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 March 2024

7. TANGIBLE FIXED ASSETS - continued

Company
Plant and
machinery
etc
£   
COST
At 1 April 2023 12,197,828
Additions 1,978,598
Disposals (6,217,342 )
At 31 March 2024 7,959,084
DEPRECIATION
At 1 April 2023 7,938,760
Charge for year 1,210,092
Eliminated on disposal (6,217,342 )
At 31 March 2024 2,931,510
NET BOOK VALUE
At 31 March 2024 5,027,574
At 31 March 2023 4,259,068

8. FIXED ASSET INVESTMENTS

Company
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 116,405
NET BOOK VALUE
At 31 March 2024 116,405
At 31 March 2023 116,405

Getmapping Limited (Registered number: 03663783)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 March 2024

8. FIXED ASSET INVESTMENTS - continued

The group or the company's investments at the Statement of Financial Position date in the share capital of companies include the following:

Subsidiaries

Geosense SA (PTY) Limited
Registered office: 12th Floor Sunbel Building, 2 Old Paarl Road Bellville, 7532 South Africa
Nature of business: Dormant intermediate holding company
%
Class of shares: holding
Ordinary 90.00
31.3.24 31.3.23
£    £   
Aggregate capital and reserves 4,447 4,849

Getmapping Geo Ltd
Registered office: 10a White Hart Parade, Camberley, Surrey GU17 9JD
Nature of business: Dormant
%
Class of shares: holding
ordinary 100.00
31.3.24 31.3.23
£    £   
Aggregate capital and reserves 900 900


9. DEBTORS

Group Company
31.3.24 31.3.23 31.3.24 31.3.23
£    £    £    £   
Amounts falling due within one year:
Trade debtors 244,631 423,719 114,224 276,278
Amounts owed by group undertakings - - 904,974 1,435,858
Other debtors 527,996 727,959 519,094 705,622
772,627 1,151,678 1,538,292 2,417,758

Getmapping Limited (Registered number: 03663783)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 March 2024

9. DEBTORS - continued

Group Company
31.3.24 31.3.23 31.3.24 31.3.23
£    £    £    £   
Amounts falling due after more than one year:
Other debtors - 3,058 - -

Aggregate amounts 772,627 1,154,736 1,538,292 2,417,758

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR

Group Company
31.3.24 31.3.23 31.3.24 31.3.23
£    £    £    £   
Bank loans and overdrafts 845,791 738,177 779,109 669,261
Hire purchase contracts and finance leases
134,331

134,331

134,331

134,331
Trade creditors 506,009 495,935 443,091 484,563
Taxation and social security 28,121 97,661 (88,780 ) 67,407
Other creditors 516,875 608,273 457,604 596,204
2,031,127 2,074,377 1,725,355 1,951,766

11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR

Group Company
31.3.24 31.3.23 31.3.24 31.3.23
£    £    £    £   
Bank loans 306,533 440,172 306,533 440,172
Hire purchase contracts and finance leases
488,729

467,733

461,285

425,381
795,262 907,905 767,818 865,553

Getmapping Limited (Registered number: 03663783)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 March 2024

12. SECURED DEBTS

The following secured debts are included within creditors:

Group
31.3.24 31.3.23
£    £   
Hire purchase contracts and finance leases 623,060 602,064
UK Working Capital Limited 240,000 240,000
863,060 842,064

The group borrowing consists of a working capital facility from UK Working Capital, which is secured by a first charge over the parent company's receivables.

A HP lease is in place with Paragon bank, who hold a charge over the Group's Vexcel Ultracam Eagle MKIII system

13. RELATED PARTY DISCLOSURES

The parent company owes D Horner, a director of the parent company, £103,500 (2023: £50,800) at 31 March 2024.

During the year the company paid Mr TF Marshall OBE, the non-executive Chairman of the Company, 2024 £17,045 (2023: £20,212) for the provision of consultancy services. At the year ended 31 March 2024 £4,418 (2023:£14,465) was outstanding.

14. ULTIMATE CONTROLLING PARTY

There is no single controlling party.

15. SHARE CAPITAL

Capital was raised via an Advance Subscription Agreement dated 24 May 2023 amounting to £103,150. The shares were to be issued in the future and at a discount. On 24 September 2024 1,539,375 shares were issued at a premium of £0.0640078 per share.