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Company Registration No. 12438384 (England and Wales)
Geocare Services Limited Unaudited accounts for the year ended 29 February 2024
Geocare Services Limited Unaudited accounts Contents
Page
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Geocare Services Limited Company Information for the year ended 29 February 2024
Director
Benjamin Yarere
Company Number
12438384 (England and Wales)
Registered Office
Second Floor 29 Waterloo Road Wolverhampton WV1 4DJ
Accountants
Nellys Accountants Ltd 71 Woodland Avenue Tettenhall Wood Wolverhampton West Midlands WV6 8ND
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Geocare Services Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
25,675 
14,908 
Current assets
Debtors
65,286 
58,120 
Cash at bank and in hand
120,687 
23,560 
185,973 
81,680 
Creditors: amounts falling due within one year
(203,152)
(82,326)
Net current liabilities
(17,179)
(646)
Total assets less current liabilities
8,496 
14,262 
Creditors: amounts falling due after more than one year
(8,433)
(14,089)
Net assets
63 
173 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
61 
171 
Shareholders' funds
63 
173 
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 20 February 2025 and were signed on its behalf by
Benjamin Yarere Director Company Registration No. 12438384
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Geocare Services Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Geocare Services Limited is a private company, limited by shares, registered in England and Wales, registration number 12438384. The registered office is Second Floor, 29 Waterloo Road, Wolverhampton, WV1 4DJ.
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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance
Fixtures & fittings
20% reducing balance
Computer equipment
20% reducing balance
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Geocare Services Limited Notes to the Accounts for the year ended 29 February 2024
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2023
12,550 
3,251 
4,773 
20,574 
Additions
15,405 
3,309 
2,024 
20,738 
Disposals
(2,405)
- 
- 
(2,405)
At 29 February 2024
25,550 
6,560 
6,797 
38,907 
Depreciation
At 1 March 2023
3,138 
1,010 
1,518 
5,666 
Charge for the year
5,605 
1,009 
952 
7,566 
At 29 February 2024
8,743 
2,019 
2,470 
13,232 
Net book value
At 29 February 2024
16,807 
4,541 
4,327 
25,675 
At 28 February 2023
9,412 
2,241 
3,255 
14,908 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
750 
- 
Trade debtors
1,358 
- 
Accrued income and prepayments
51,850 
32,303 
Other debtors
11,328 
25,817 
65,286 
58,120 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
- 
6,261 
Trade creditors
7,073 
630 
Taxes and social security
92,691 
38,999 
Other creditors
16,904 
4,220 
Accruals
86,484 
32,216 
203,152 
82,326 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
8,433 
14,089 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
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Geocare Services Limited Notes to the Accounts for the year ended 29 February 2024
9
Average number of employees
During the year the average number of employees was 61 (2023: 27).
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