Registered number
09912818
GEO20 Limited
Accounts for the year ended
31 December 2024
GEO20 Limited
Registered number: 09912818
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 4,070 5,086
Current assets
Debtors 4 177,147 74,462
Cash at bank and in hand 91,034 91,472
268,181 165,934
Creditors: amounts falling due within one year 5 (148,337) (55,844)
Net current assets 119,844 110,090
Total assets less current liabilities 123,914 115,176
Creditors: amounts falling due after more than one year 6 (4,167) (14,167)
Net assets 119,747 101,009
Capital and reserves
Called up share capital 200 200
Profit and loss account 119,547 100,809
Shareholders' funds 119,747 101,009
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Crouch
Director
Approved by the board on 22 April 2025
GEO20 Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 20% on written down value
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 7 10
3 Tangible fixed assets
Plant and machinery etc Total
£ £
Cost
At 1 January 2024 13,889 13,889
At 31 December 2024 13,889 13,889
Depreciation
At 1 January 2024 8,803 8,803
Charge for the year 1,016 1,016
At 31 December 2024 9,819 9,819
Net book value
At 31 December 2024 4,070 4,070
At 31 December 2023 5,086 5,086
4 Debtors 2024 2023
£ £
Trade debtors 168,389 60,728
Other debtors 8,758 13,734
177,147 74,462
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors 56,689 36,826
Taxation and social security costs 77,751 5,121
Other creditors 3,897 3,897
148,337 55,844
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 4,167 14,167
4,167 14,167
7 Controlling party
The ultimate controlling party is A. Crouch.
8 Other information
GEO20 Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 18b, Capital Business Centre
Carlton Road
South Croydon
Surrey
CR2 0BS
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