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REGISTERED NUMBER: 04145906 (England and Wales)








Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Academy Geomatics Limited

Academy Geomatics Limited (Registered number: 04145906)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Academy Geomatics Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: M J Anderson
A R Lawton





REGISTERED OFFICE: K35 The Avenues
Eleventh Avenue North
Team Valley
Gateshead
Tyne and Wear
NE11 0NJ





REGISTERED NUMBER: 04145906 (England and Wales)





ACCOUNTANTS: Inspire Chartered Accountants
6 Queens Court
Third Avenue
Team Valley
Gateshead
Tyne and Wear
NE11 0BU

Academy Geomatics Limited (Registered number: 04145906)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 687,600 681,861

CURRENT ASSETS
Stocks 34,202 22,472
Debtors 6 273,862 314,692
Cash at bank 98,652 55,826
406,716 392,990
CREDITORS
Amounts falling due within one year 7 259,250 152,409
NET CURRENT ASSETS 147,466 240,581
TOTAL ASSETS LESS CURRENT
LIABILITIES

835,066

922,442

CREDITORS
Amounts falling due after more than one
year

8

(153,040

)

(215,403

)

PROVISIONS FOR LIABILITIES (171,900 ) (170,465 )
NET ASSETS 510,126 536,574

Academy Geomatics Limited (Registered number: 04145906)

Balance Sheet - continued
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 510,026 536,474
SHAREHOLDERS' FUNDS 510,126 536,574

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 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 December 2024 and were signed on its behalf by:





M J Anderson - Director


Academy Geomatics Limited (Registered number: 04145906)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Academy Geomatics 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.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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.


Academy Geomatics Limited (Registered number: 04145906)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

3. 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 17 ) .

Academy Geomatics Limited (Registered number: 04145906)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 810,393 30,111 234,551 80,920 1,155,975
Additions 96,567 32,801 28,795 3,272 161,435
Disposals (39,515 ) (6,885 ) (10,524 ) (16,189 ) (73,113 )
At 30 April 2024 867,445 56,027 252,822 68,003 1,244,297
DEPRECIATION
At 1 May 2023 372,201 7,856 64,060 29,997 474,114
Charge for year 92,776 9,423 35,590 10,544 148,333
Eliminated on disposal (38,806 ) (3,818 ) (7,848 ) (15,278 ) (65,750 )
At 30 April 2024 426,171 13,461 91,802 25,263 556,697
NET BOOK VALUE
At 30 April 2024 441,274 42,566 161,020 42,740 687,600
At 30 April 2023 438,192 22,255 170,491 50,923 681,861

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 163,369 182,500 345,869
DEPRECIATION
At 1 May 2023 25,073 32,962 58,035
Charge for year 27,659 29,908 57,567
At 30 April 2024 52,732 62,870 115,602
NET BOOK VALUE
At 30 April 2024 110,637 119,630 230,267
At 30 April 2023 138,296 149,538 287,834

Academy Geomatics Limited (Registered number: 04145906)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 239,071 305,181
Other debtors 34,791 9,511
273,862 314,692

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 80,621 79,157
Trade creditors 21,970 19,970
Taxation and social security 134,386 35,375
Other creditors 12,273 7,907
259,250 152,409

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans 15,000 25,000
Hire purchase contracts 138,040 190,403
153,040 215,403

9. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Hire purchase contracts 218,661 269,560

The hire purchase liabilities are secured against the assets to which they relate.

Academy Geomatics Limited (Registered number: 04145906)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

10. ULTIMATE PARENT COMPANY

The controlling party is Andlaw Holdings Limited.

Andlaw Holdings Limited is regarded by the directors as being the company's ultimate parent company.

Registered office: K35 The Avenues, Eleventh Avenue North, Team Valley, Gateshead, Tyne and Wear, NE11 0NJ.