Acorah Software Products - Accounts Production 16.1.300 false true 30 May 2023 1 June 2022 false 31 May 2023 30 May 2024 30 May 2024 SC476729 Mr Raymond Evans Mr Niall McLean iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC476729 2023-05-30 SC476729 2024-05-30 SC476729 2023-05-31 2024-05-30 SC476729 frs-core:CurrentFinancialInstruments 2024-05-30 SC476729 frs-core:Non-currentFinancialInstruments 2024-05-30 SC476729 frs-core:BetweenOneFiveYears 2024-05-30 SC476729 frs-core:FurnitureFittings 2024-05-30 SC476729 frs-core:FurnitureFittings 2023-05-31 2024-05-30 SC476729 frs-core:FurnitureFittings 2023-05-30 SC476729 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-05-30 SC476729 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-31 2024-05-30 SC476729 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-30 SC476729 frs-core:MotorVehicles 2024-05-30 SC476729 frs-core:MotorVehicles 2023-05-31 2024-05-30 SC476729 frs-core:MotorVehicles 2023-05-30 SC476729 frs-core:PlantMachinery 2024-05-30 SC476729 frs-core:PlantMachinery 2023-05-31 2024-05-30 SC476729 frs-core:PlantMachinery 2023-05-30 SC476729 frs-core:WithinOneYear 2024-05-30 SC476729 frs-core:ShareCapital 2024-05-30 SC476729 frs-core:RetainedEarningsAccumulatedLosses 2024-05-30 SC476729 frs-bus:PrivateLimitedCompanyLtd 2023-05-31 2024-05-30 SC476729 frs-bus:FilletedAccounts 2023-05-31 2024-05-30 SC476729 frs-bus:SmallEntities 2023-05-31 2024-05-30 SC476729 frs-bus:AuditExempt-NoAccountantsReport 2023-05-31 2024-05-30 SC476729 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-31 2024-05-30 SC476729 frs-bus:Director1 2023-05-31 2024-05-30 SC476729 frs-bus:Director2 2023-05-31 2024-05-30 SC476729 frs-core:CurrentFinancialInstruments 1 2024-05-30 SC476729 frs-core:CurrentFinancialInstruments 2 2024-05-30 SC476729 frs-core:CurrentFinancialInstruments 3 2024-05-30 SC476729 frs-core:CurrentFinancialInstruments 4 2024-05-30 SC476729 frs-core:CurrentFinancialInstruments 5 2024-05-30 SC476729 frs-core:CurrentFinancialInstruments 7 2024-05-30 SC476729 frs-countries:Scotland 2023-05-31 2024-05-30 SC476729 2022-05-31 SC476729 2023-05-30 SC476729 2022-06-01 2023-05-30 SC476729 frs-core:CurrentFinancialInstruments 2023-05-30 SC476729 frs-core:Non-currentFinancialInstruments 2023-05-30 SC476729 frs-core:BetweenOneFiveYears 2023-05-30 SC476729 frs-core:WithinOneYear 2023-05-30 SC476729 frs-core:ShareCapital 2023-05-30 SC476729 frs-core:RetainedEarningsAccumulatedLosses 2023-05-30 SC476729 frs-core:CurrentFinancialInstruments 1 2023-05-30 SC476729 frs-core:CurrentFinancialInstruments 2 2023-05-30 SC476729 frs-core:CurrentFinancialInstruments 3 2023-05-30 SC476729 frs-core:CurrentFinancialInstruments 4 2023-05-30 SC476729 frs-core:CurrentFinancialInstruments 5 2023-05-30 SC476729 frs-core:CurrentFinancialInstruments 7 2023-05-30
Registered number: SC476729
Geo-Structural Ltd
Unaudited Financial Statements
For The Year Ended 30 May 2024
Sutherland Black
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: SC476729
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,274,217 1,007,261
1,274,217 1,007,261
CURRENT ASSETS
Stocks 5 321,706 352,436
Debtors 6 540,357 651,143
Cash at bank and in hand 1,180,595 974,556
2,042,658 1,978,135
Creditors: Amounts Falling Due Within One Year 7 (1,102,436 ) (924,444 )
NET CURRENT ASSETS (LIABILITIES) 940,222 1,053,691
TOTAL ASSETS LESS CURRENT LIABILITIES 2,214,439 2,060,952
Creditors: Amounts Falling Due After More Than One Year 8 (403,107 ) (505,739 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (236,737 ) (168,102 )
NET ASSETS 1,574,595 1,387,111
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account 1,574,593 1,387,109
SHAREHOLDERS' FUNDS 1,574,595 1,387,111
Page 1
Page 2
For the year ending 30 May 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Raymond Evans
Director
31/01/2025
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Geo-Structural Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC476729 . The registered office is Drumbreck Farm Eastfield Road, Caldercruix, Airdrie, Lanarkshire, ML6 7RP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 2% on Cost
Plant & Machinery 25% on Cost
Motor Vehicles 25% on Cost
Fixtures & Fittings 25% on Cost
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
Page 3
Page 4
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2023: 11)
13 11
Page 4
Page 5
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 31 May 2023 379,240 766,961 618,138 75,424 1,839,763
Additions - 480,879 135,232 - 616,111
Disposals - - (12,714 ) - (12,714 )
As at 30 May 2024 379,240 1,247,840 740,656 75,424 2,443,160
Depreciation
As at 31 May 2023 44,386 367,200 361,787 59,129 832,502
Provided during the period 7,585 214,257 122,843 4,470 349,155
Disposals - - (12,714 ) - (12,714 )
As at 30 May 2024 51,971 581,457 471,916 63,599 1,168,943
Net Book Value
As at 30 May 2024 327,269 666,383 268,740 11,825 1,274,217
As at 31 May 2023 334,854 399,761 256,351 16,295 1,007,261
5. Stocks
2024 2023
£ £
Materials 19,790 19,790
Work in progress 301,916 332,646
321,706 352,436
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 280,908 279,783
Prepayments and accrued income 2,291 1,749
Loan - Observetis - 198,370
Loan - Geo-Plant 20,204 20,204
Loan - NRS Training Services 145,979 144,383
Loan - Geo-Datum Ltd - 2,630
Retentions Held 77,296 4,024
VAT 13,679 -
540,357 651,143
Page 5
Page 6
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 196,698 213,641
Trade creditors 356,918 272,443
Bank loans and overdrafts 14,663 14,663
Corporation tax 127,047 54,715
Other taxes and social security 37,237 36,172
VAT - 30,175
Other bank loan < 1 Year 30,000 30,000
Other Loans < 1 Year 140,557 66,667
Loan - Geo-Rope 58,529 172,438
Pension payable 1,484 -
Other creditors 111,416 -
Accruals and deferred income 24,954 24,584
Directors' loan accounts 2,933 8,946
1,102,436 924,444
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 135,149 231,790
Other creditors 267,958 273,949
403,107 505,739
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 196,698 213,641
Later than one year and not later than five years 135,149 231,790
331,847 445,431
331,847 445,431
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 6
Page 7
11. Related Party Transactions
During the year, the company wrote off intercompany balances amounting to £198,370 due from Observetis Ltd and £3,226 from Geo-Datum Ltd, related parties under common control. These related to inter-company balances outstanding.
These write-offs have been recognised as Other Operating Expenses  in the profit and loss account for the year ended 30th May 2024.
The transactions were undertaken on an arm’s length basis, and no further amounts are expected to be recoverable. The write-offs have been disclosed in accordance with FRS 102 Section 33 - Related Party Disclosures.
Page 7