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Company Registration No. 10011090 (England and Wales)
Geoseis Consultant Limited Unaudited accounts for the year ended 29 February 2024
Geoseis Consultant Limited Unaudited accounts Contents
Page
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Geoseis Consultant Limited Company Information for the year ended 29 February 2024
Director
Benjamin Yarere
Company Number
10011090 (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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Geoseis Consultant Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
18,167 
20,185 
Current assets
Debtors
14,287 
35,947 
Cash at bank and in hand
6,184 
134 
20,471 
36,081 
Creditors: amounts falling due within one year
(42,355)
(48,929)
Net current liabilities
(21,884)
(12,848)
Total assets less current liabilities
(3,717)
7,337 
Creditors: amounts falling due after more than one year
(8,319)
(11,440)
Net liabilities
(12,036)
(4,103)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(12,037)
(4,104)
Shareholders' funds
(12,036)
(4,103)
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 29 November 2024 and were signed on its behalf by
Benjamin Yarere Director Company Registration No. 10011090
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Geoseis Consultant Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Geoseis Consultant Limited is a private company, limited by shares, registered in England and Wales, registration number 10011090. 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:
Plant & machinery
10% reducing balance
Motor vehicles
10% reducing balance
Fixtures & fittings
10% reducing balance
Computer equipment
10% reducing balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 March 2023
3,256 
12,500 
3,200 
9,420 
28,376 
At 29 February 2024
3,256 
12,500 
3,200 
9,420 
28,376 
Depreciation
At 1 March 2023
1,397 
2,780 
766 
3,248 
8,191 
Charge for the year
186 
972 
243 
617 
2,018 
At 29 February 2024
1,583 
3,752 
1,009 
3,865 
10,209 
Net book value
At 29 February 2024
1,673 
8,748 
2,191 
5,555 
18,167 
At 28 February 2023
1,859 
9,720 
2,434 
6,172 
20,185 
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Geoseis Consultant Limited Notes to the Accounts for the year ended 29 February 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
6,500 
4,067 
Trade debtors
337 
14,985 
Accrued income and prepayments
4,573 
14,354 
Other debtors
2,877 
2,541 
14,287 
35,947 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
600 
- 
Taxes and social security
34,804 
37,995 
Other creditors
- 
1,618 
Loans from directors
5,962 
7,516 
Accruals
989 
1,800 
42,355 
48,929 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
8,319 
11,440 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares of £0.001 each
1 
1 
9
Average number of employees
During the year the average number of employees was 2 (2023: 8).
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