Company Registration No. 12935271 (England and Wales)
Geoenginseer Ltd
Unaudited accounts
for the year ended 31 October 2024
Geoenginseer Ltd
Unaudited accounts
Contents
Geoenginseer Ltd
Statement of financial position
as at 31 October 2024
Tangible assets
32,641
30,666
Cash at bank and in hand
8,793
11,896
Creditors: amounts falling due within one year
(86,556)
(72,393)
Net current assets
40,878
31,813
Total assets less current liabilities
73,519
62,479
Creditors: amounts falling due after more than one year
(14,003)
(18,843)
Provisions for liabilities
Deferred tax
(3,928)
(1,644)
Called up share capital
1
1
Profit and loss account
55,587
41,991
Shareholders' funds
55,588
41,992
For the year ending 31 October 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 25 March 2025 and were signed on its behalf by
HB Crowther
Director
Company Registration No. 12935271
Geoenginseer Ltd
Notes to the Accounts
for the year ended 31 October 2024
Geoenginseer Ltd is a private company, limited by shares, registered in England and Wales, registration number 12935271. The registered office is 738 Burnley Road, Todmorden, Lancashire, OL14 8LF, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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
15% Reducing Balance
Motor vehicles
25% Reducing Balance
Computer equipment
15% Reducing Balance
Expenditure on research and development is written off in the year in which it is incurred.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Geoenginseer Ltd
Notes to the Accounts
for the year ended 31 October 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2023
3,362
49,478
746
53,586
Additions
-
12,500
-
12,500
At 31 October 2024
3,362
61,978
746
66,086
At 1 November 2023
1,160
21,472
288
22,920
Charge for the year
330
10,126
69
10,525
At 31 October 2024
1,490
31,598
357
33,445
At 31 October 2024
1,872
30,380
389
32,641
At 31 October 2023
2,202
28,006
458
30,666
Amounts falling due within one year
Trade debtors
53,707
86,658
Accrued income and prepayments
-
1,987
Other debtors
64,934
3,665
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
3,000
3,482
Obligations under finance leases and hire purchase contracts
14,279
8,525
Trade creditors
5,802
3,462
Taxes and social security
9,183
13,421
Other creditors
2,236
3,844
Loans from directors
-
2,436
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
11,990
13,784
8
Average number of employees
During the year the average number of employees was 1 (2023: 0).