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Registered number: 14220394
Geospatial Data Services Limited
Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14220394
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 890 -
Cash at bank and in hand 3,925 1,000
4,815 1,000
Creditors: Amounts Falling Due Within One Year 5 (20,653 ) -
NET CURRENT ASSETS (LIABILITIES) (15,838 ) 1,000
TOTAL ASSETS LESS CURRENT LIABILITIES (15,838 ) 1,000
NET (LIABILITIES)/ASSETS (15,838 ) 1,000
CAPITAL AND RESERVES
Called up share capital 6 1,000 1,000
Profit and Loss Account (16,838 ) -
SHAREHOLDERS' FUNDS (15,838) 1,000
Page 1
Page 2
For the year ending 31 July 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 J Setford-Smith
Director
Mr J Elliott
Director
15 February 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Geospatial Data Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14220394 . The registered office is Yew Tree House, Lewes Road, Forest Row, East Sussex, RH18 5AA.
The company began trading on 01 August 2023.
The company's principal activity was that of data mapping.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Debtors
2024 2023
£ £
Due within one year
Other debtors 890 -
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 6,000 -
Amounts owed to participating interests 3,160 -
Other creditors 6,293 -
Taxation and social security 5,200 -
20,653 -
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6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
7. Directors Advances, Credits and Guarantees
Included in other debtors due within one year are loans to the directors, Mr J Setford-Smith amounting to £290, and Mr J Elliott amounting to £400.
8. Related Party Disclosures
The director Mr J Setford-Smith is also a director and majority shareholder in Swift Argent Limited, a company incorporated in England and Wales.
At the end of the year an amount outstanding of £(3,160) was due to Swift Argent Limited. This amount is included in other creditors.
9. Controlling Parties
The Company was controlled throughout the current period by its directors, Mr J Setford-Smith and Mr J Elliott, by virtue of the fact that between them they own the majority of the Company's ordinary issued share capital.
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