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REGISTERED NUMBER: 14334523 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

GEO WEIGHTS LIMITED

GEO WEIGHTS LIMITED (REGISTERED NUMBER: 14334523)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GEO WEIGHTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: N R Bosch
A P Bosch
Mrs V C Bosch





REGISTERED OFFICE: Forge House
St. Davids Bridge
Cranbrook
Tunbridge Wells
Kent
TN17 3HL





REGISTERED NUMBER: 14334523 (England and Wales)





ACCOUNTANTS: Advanta
Chartered Accountants
29 Gildredge Road
Eastbourne
East Sussex
BN21 4RU

GEO WEIGHTS LIMITED (REGISTERED NUMBER: 14334523)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 6,360
Tangible assets 5 333 58,549
333 64,909

CURRENT ASSETS
Stocks 6 11,250 -
Debtors 7 25,400 24,108
Cash at bank 11,472 26,288
48,122 50,396
CREDITORS
Amounts falling due within one year 8 25,126 84,677
NET CURRENT ASSETS/(LIABILITIES) 22,996 (34,281 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,329

30,628

PROVISIONS FOR LIABILITIES 9 83 6,045
NET ASSETS 23,246 24,583

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 23,146 24,483
SHAREHOLDERS' FUNDS 23,246 24,583

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

GEO WEIGHTS LIMITED (REGISTERED NUMBER: 14334523)

BALANCE SHEET - continued
30 SEPTEMBER 2024


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 Board of Directors and authorised for issue on 27 June 2025 and were signed on its behalf by:





Mrs V C Bosch - Director


GEO WEIGHTS LIMITED (REGISTERED NUMBER: 14334523)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Geo Weights Limited is a private company, limited by shares , registered in England and Wales. 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 represents income from the sale of geothermal loop installation weights net of value added tax.

Revenue from the sale of goods is recognised when the significant risks and rewards and ownership of the goods have been passed to the buyer (usually on dispatch of goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transactions will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & machinery - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

GEO WEIGHTS LIMITED (REGISTERED NUMBER: 14334523)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 October 2023 6,360
Disposals (6,360 )
At 30 September 2024 -
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 6,360

5. TANGIBLE FIXED ASSETS
Plant & Computer
machinery equipment Totals
£    £    £   
COST
At 1 October 2023 59,726 - 59,726
Additions - 499 499
Disposals (59,726 ) - (59,726 )
At 30 September 2024 - 499 499
DEPRECIATION
At 1 October 2023 1,177 - 1,177
Charge for year - 166 166
Eliminated on disposal (1,177 ) - (1,177 )
At 30 September 2024 - 166 166
NET BOOK VALUE
At 30 September 2024 - 333 333
At 30 September 2023 58,549 - 58,549

6. STOCKS
2024 2023
£    £   
Stocks 11,250 -

GEO WEIGHTS LIMITED (REGISTERED NUMBER: 14334523)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 22,895 -
Other debtors 1,757 24,000
Directors' current accounts - 88
VAT 748 20
25,400 24,108

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 10,663 2,401
Tax 4,266 -
PAYE 6,159 -
Other creditors 1,871 2,953
Deferred income - 70,833
Accrued expenses 2,167 8,490
25,126 84,677

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Deferred tax 83 14,637
Tax losses - (8,592 )
83 6,045

Deferred
tax
£   
Balance at 1 October 2023 6,045
Provided during year (5,962 )
Tax losses carried forward
Balance at 30 September 2024 83

GEO WEIGHTS LIMITED (REGISTERED NUMBER: 14334523)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


10. RELATED PARTY DISCLOSURES

During the year £Nil (2023: £100,000) was invoiced to a company partly owned by two of the directors in relation to a 12 month licence fee. At the balance sheet date £Nil (2023: £20,000) was outstanding in relation to this transaction and is included within other debtors.

Purchases of £Nil (2023: £2,000) were made in the year from a company partly owned by two of the directors. At the balance sheet date £2,400 (2023: £2,400) was outstanding in relation to this transaction and is included within trade creditors.

Included within accruals is £Nil (2023: £6,360) relating to costs being recharged from a company partly owned by two of the directors.

Included within other creditors is £1,871 (2023: £2,833) relating to amounts paid on behalf of the company by a company partly owned by two of the directors.

The company has use of storage facilities rented by a company partly owned by two of the directors on which rent is not being recharged.

During the year £1,680 (2023: £Nil) of recharged expenses were invoiced to a company partly owned by one of the directors.