Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 10680677 Dr Ian Williams Mrs Paula Ann Williams iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10680677 2023-12-31 10680677 2024-12-31 10680677 2024-01-01 2024-12-31 10680677 frs-core:CurrentFinancialInstruments 2024-12-31 10680677 frs-core:ShareCapital 2024-12-31 10680677 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 10680677 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10680677 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 10680677 frs-bus:SmallEntities 2024-01-01 2024-12-31 10680677 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 10680677 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 10680677 frs-bus:Director1 2024-01-01 2024-12-31 10680677 frs-bus:Director2 2024-01-01 2024-12-31 10680677 frs-countries:EnglandWales 2024-01-01 2024-12-31 10680677 2022-12-31 10680677 2023-12-31 10680677 2023-01-01 2023-12-31 10680677 frs-core:CurrentFinancialInstruments 2023-12-31 10680677 frs-core:ShareCapital 2023-12-31 10680677 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 10680677
GeoCompute Limited
Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10680677
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 62,809 37,809
Cash at bank and in hand 2,510 4,667
65,319 42,476
Creditors: Amounts Falling Due Within One Year 5 (12,713 ) (6,058 )
NET CURRENT ASSETS (LIABILITIES) 52,606 36,418
TOTAL ASSETS LESS CURRENT LIABILITIES 52,606 36,418
NET ASSETS 52,606 36,418
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account 52,506 36,318
SHAREHOLDERS' FUNDS 52,606 36,418
Page 1
Page 2
For the year ending 31 December 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
Dr Ian Williams
Director
22/05/2025
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
GeoCompute Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10680677 . The registered office is 667B Gower Road, Upper Killay, Swansea, SA2 7HE.
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. 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.
2.3. 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.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Debtors
2024 2023
£ £
Due within one year
Amounts owed by related parties 62,809 37,809
Page 3
Page 4
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 3,797 946
Accruals and deferred income 1,151 950
Directors' loan accounts 5,765 4,162
Amounts owed to related parties 2,000 -
12,713 6,058
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4