Acorah Software Products - Accounts Production 16.1.300 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 03068951 Mr Peter Grayson true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03068951 2023-06-30 03068951 2024-06-30 03068951 2023-07-01 2024-06-30 03068951 frs-core:CurrentFinancialInstruments 2024-06-30 03068951 frs-core:Non-currentFinancialInstruments 2024-06-30 03068951 frs-core:ComputerEquipment 2024-06-30 03068951 frs-core:ComputerEquipment 2023-07-01 2024-06-30 03068951 frs-core:ComputerEquipment 2023-06-30 03068951 frs-core:FurnitureFittings 2024-06-30 03068951 frs-core:FurnitureFittings 2023-07-01 2024-06-30 03068951 frs-core:FurnitureFittings 2023-06-30 03068951 frs-core:ShareCapital 2024-06-30 03068951 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 03068951 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 03068951 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 03068951 frs-bus:SmallEntities 2023-07-01 2024-06-30 03068951 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 03068951 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 03068951 frs-bus:OrdinaryShareClass1 2023-07-01 2024-06-30 03068951 frs-bus:OrdinaryShareClass1 2024-06-30 03068951 1 2023-07-01 2024-06-30 03068951 frs-bus:Director1 2023-07-01 2024-06-30 03068951 frs-bus:Director1 2023-06-30 03068951 frs-bus:Director1 2024-06-30 03068951 frs-core:Non-currentFinancialInstruments 1 2024-06-30 03068951 frs-core:CurrentFinancialInstruments 4 2024-06-30 03068951 frs-countries:EnglandWales 2023-07-01 2024-06-30 03068951 2022-06-30 03068951 2023-06-30 03068951 2022-07-01 2023-06-30 03068951 frs-core:CurrentFinancialInstruments 2023-06-30 03068951 frs-core:Non-currentFinancialInstruments 2023-06-30 03068951 frs-core:ShareCapital 2023-06-30 03068951 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 03068951 frs-bus:OrdinaryShareClass1 2022-07-01 2023-06-30 03068951 frs-core:Non-currentFinancialInstruments 1 2023-06-30 03068951 frs-core:CurrentFinancialInstruments 4 2023-06-30
Registered number: 03068951
Geo Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
E Sampson Ltd
ACA, CTA
Thamesfield Cottage
Wargrave Road
Henley on Thames
Oxfordshire
RG93JD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03068951
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,485 2,627
3,485 2,627
CURRENT ASSETS
Stocks 5 - 128,001
Debtors 6 62,955 189,651
Cash at bank and in hand 37,128 56,472
100,083 374,124
Creditors: Amounts Falling Due Within One Year 7 (15,207 ) (257,505 )
NET CURRENT ASSETS (LIABILITIES) 84,876 116,619
TOTAL ASSETS LESS CURRENT LIABILITIES 88,361 119,246
PROVISIONS FOR LIABILITIES
Deferred Taxation (662 ) (499 )
NET ASSETS 87,699 118,747
CAPITAL AND RESERVES
Called up share capital 8 14,334 14,334
Profit and Loss Account 73,365 104,413
SHAREHOLDERS' FUNDS 87,699 118,747
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Page 2
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
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 Peter Grayson
Director
20/02/2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Geo Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03068951 . The registered office is Oakwood House, 14 Grosvenor Gardens, Sharston, Manchester, M22 4AX.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Fixtures & Fittings 33%
Computer Equipment 33%
2.4. 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.
2.5. 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.
2.6. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 5 4
5 4
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4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 July 2023 5,007 22,780 27,787
Additions 316 2,201 2,517
Disposals (407 ) (2,726 ) (3,133 )
As at 30 June 2024 4,916 22,255 27,171
Depreciation
As at 1 July 2023 4,878 20,282 25,160
Provided during the period 111 1,544 1,655
Disposals (407 ) (2,722 ) (3,129 )
As at 30 June 2024 4,582 19,104 23,686
Net Book Value
As at 30 June 2024 334 3,151 3,485
As at 1 July 2023 129 2,498 2,627
5. Stocks
2024 2023
£ £
Stock - 128,001
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 28,143 167,469
Prepayments and accrued income 6,237 4,635
Other debtors - Sales not yet invoiced 9,463 7,675
Corporation tax recoverable assets 12,890 3,609
VAT - 4,389
Director's loan account 51 -
56,784 187,777
Due after more than one year
Loan to buiness 944 944
Corporation tax recoverable assets 5,227 930
6,171 1,874
62,955 189,651
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 4,460 117,411
Other taxes and social security 1,855 1,894
VAT 5,151 -
Other creditors - Pension Payable 779 744
Other creditors - credit cards 1,000 3,912
Accruals and deferred income 1,962 133,544
15,207 257,505
8. Share Capital
2024 2023
Allotted, called up and fully paid £ £
14,334 Ordinary Shares of £ 1.000 each 14,334 14,334
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 July 2023 Amounts advanced Amounts repaid Amounts written off As at 30 June 2024
£ £ £ £ £
Mr Peter Grayson - 51 51 - -
The above loan is unsecured, interest free and repayable on demand.
Dividends paid to directors
10. Ultimate Controlling Party
The company's ultimate controlling party is Peter Grayson by virtue of his ownership of 100% of the issued share capital in the company.
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