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GEOCHEMIC LTD

Registered Number
09798504
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2024

GEOCHEMIC LTD
Company Information
for the year from 1 October 2023 to 30 September 2024

Director

BARNES, Andrew

Registered Address

Ty Cyd 2 Torfaen Business Centre
Gilchrist Thomas Industrial Estate
Blaenavon
NP4 9RL

Registered Number

09798504 (England and Wales)
GEOCHEMIC LTD
Balance Sheet as at
30 September 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3240,600111,242
240,600111,242
Current assets
Debtors135,988142,029
Cash at bank and on hand101,582229,632
237,570371,661
Creditors amounts falling due within one year4(179,675)(131,384)
Net current assets (liabilities)57,895240,277
Total assets less current liabilities298,495351,519
Creditors amounts falling due after one year(58,838)(74,839)
Provisions for liabilities(60,151)(27,811)
Net assets179,506248,869
Capital and reserves
Called up share capital1010
Profit and loss account179,496248,859
Shareholders' funds179,506248,869
The financial statements were approved and authorised for issue by the Director on 27 May 2025, and are signed on its behalf by:
BARNES, Andrew
Director
Registered Company No. 09798504
GEOCHEMIC LTD
Notes to the Financial Statements
for the year ended 30 September 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
2.Average number of employees

20242023
Average number of employees during the year44
3.Tangible fixed assets

Plant & machinery

Vehicles

Total

£££
Cost or valuation
At 01 October 23280,7003,920284,620
Additions203,11311,990215,103
At 30 September 24483,81315,910499,723
Depreciation and impairment
At 01 October 23171,8101,568173,378
Charge for year82,5633,18285,745
At 30 September 24254,3734,750259,123
Net book value
At 30 September 24229,44011,160240,600
At 30 September 23108,8902,352111,242
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables139,46285,136
Taxation and social security10,79045,979
Other creditors29,142-
Accrued liabilities and deferred income281269
Total179,675131,384
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.