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REGISTERED NUMBER: SC391706 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

GEOXYZ UK LIMITED

GEOXYZ UK LIMITED (REGISTERED NUMBER: SC391706)

Contents of the Financial Statements
for the Year Ended 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GEOXYZ UK LIMITED

Company Information
for the Year Ended 31 December 2024







DIRECTOR: P P Reyntjens





REGISTERED OFFICE: 5 Carden Place
Aberdeen
AB10 1UT





REGISTERED NUMBER: SC391706 (Scotland)






GEOXYZ UK LIMITED (REGISTERED NUMBER: SC391706)

Balance Sheet
31 December 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Work in progress 1,162,325 (357,019 )
Debtors 5 11,041,456 6,426,867
12,203,781 6,069,848
CREDITORS
Amounts falling due within one year 6 8,865,202 4,312,014
NET CURRENT ASSETS 3,338,579 1,757,834
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,338,579

1,757,834

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 3,338,578 1,757,833
SHAREHOLDERS' FUNDS 3,338,579 1,757,834

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 June 2025 and were signed by:





P P Reyntjens - Director


GEOXYZ UK LIMITED (REGISTERED NUMBER: SC391706)

Notes to the Financial Statements
for the Year Ended 31 December 2024


1. STATUTORY INFORMATION

GeoXYZ UK Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Stocks
Inventory includes projects recorded as work in progress and valued at the execution price based on the progress of the works. Invoiced work performed is recognized as revenue and therefore deducted from works in progress. The difference between the valuation of the executed works according to the Percentage of Completion (PoC) principle and the invoiced performances is recognized in result through the inventory movement.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Foreign currencies
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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

GEOXYZ UK LIMITED (REGISTERED NUMBER: SC391706)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2023 - 16 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2024
and 31 December 2024 5,733
DEPRECIATION
At 1 January 2024
and 31 December 2024 5,733
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,140,765 2,509,236
Amounts owed by group undertakings 6,997,072 3,843,150
Other debtors 903,619 74,481
11,041,456 6,426,867

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,432,097 1,188,918
Taxation and social security 476,903 1,448,488
Other creditors 5,956,202 1,674,608
8,865,202 4,312,014

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P P Reyntjens.