Geo2 Remediation Limited 04638532 false 2024-03-01 2025-02-28 2025-02-28 The principal activity of the company is that of environmental consultancy and contracting Digita Accounts Production Advanced 6.30.9574.0 true 04638532 2024-03-01 2025-02-28 04638532 2025-02-28 04638532 bus:OrdinaryShareClass1 2025-02-28 04638532 core:RetainedEarningsAccumulatedLosses 2025-02-28 04638532 core:ShareCapital 2025-02-28 04638532 core:CurrentFinancialInstruments 2025-02-28 04638532 core:CurrentFinancialInstruments core:WithinOneYear 2025-02-28 04638532 core:Non-currentFinancialInstruments core:AfterOneYear 2025-02-28 04638532 core:OfficeEquipment 2025-02-28 04638532 core:PlantMachinery 2025-02-28 04638532 1 2025-02-28 04638532 bus:SmallEntities 2024-03-01 2025-02-28 04638532 bus:AuditExemptWithAccountantsReport 2024-03-01 2025-02-28 04638532 bus:FilletedAccounts 2024-03-01 2025-02-28 04638532 bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 04638532 bus:RegisteredOffice 2024-03-01 2025-02-28 04638532 bus:Director3 2024-03-01 2025-02-28 04638532 bus:OrdinaryShareClass1 2024-03-01 2025-02-28 04638532 bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 04638532 core:OfficeEquipment 2024-03-01 2025-02-28 04638532 core:PlantMachinery 2024-03-01 2025-02-28 04638532 core:ToolsEquipment 2024-03-01 2025-02-28 04638532 countries:England 2024-03-01 2025-02-28 04638532 1 2024-03-01 2025-02-28 04638532 2024-02-29 04638532 core:OfficeEquipment 2024-02-29 04638532 core:PlantMachinery 2024-02-29 04638532 1 2024-02-29 04638532 2023-03-01 2024-02-29 04638532 2024-02-29 04638532 bus:OrdinaryShareClass1 2024-02-29 04638532 core:RetainedEarningsAccumulatedLosses 2024-02-29 04638532 core:ShareCapital 2024-02-29 04638532 core:CurrentFinancialInstruments 2024-02-29 04638532 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 04638532 core:Non-currentFinancialInstruments core:AfterOneYear 2024-02-29 04638532 core:OfficeEquipment 2024-02-29 04638532 core:PlantMachinery 2024-02-29 04638532 1 2024-02-29 04638532 1 2023-03-01 2024-02-29 04638532 1 2023-02-28 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 04638532

Geo2 Remediation Limited

Filleted Unaudited Financial Statements

for the Year Ended 28 February 2025

 

Geo2 Remediation Limited

(Registration number: 04638532)
Balance Sheet as at 28 February 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

212,295

9,725

Current assets

 

Stocks

34,317

122,116

Debtors

5

738,147

404,798

Cash at bank and in hand

 

102,241

47,407

 

874,705

574,321

Creditors: Amounts falling due within one year

6

(777,810)

(388,771)

Net current assets

 

96,895

185,550

Total assets less current liabilities

 

309,190

195,275

Creditors: Amounts falling due after more than one year

6

(15,760)

-

Provisions for liabilities

(6,997)

(1,495)

Net assets

 

286,433

193,780

Capital and reserves

 

Called up share capital

7

111

111

Retained earnings

286,322

193,669

Shareholders' funds

 

286,433

193,780

 

Geo2 Remediation Limited

(Registration number: 04638532)
Balance Sheet as at 28 February 2025

For the financial year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 15 July 2025 and signed on its behalf by:
 


Mr P D Stapleton
Director

   
 

Geo2 Remediation Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Coniston House
Louisa Street
Idle
Bradford
BD10 8NE

The company's registration number is 04638532

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when: the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Geo2 Remediation Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% per annum on written down value

Office equipment

25% per annum on written down value

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

The cost of work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the work in progress to its present location and condition. At each reporting date, work in progress is assessed for impairment. If work in progress is impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Borrowings

 

Geo2 Remediation Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year was 33 (2024 - 18).

 

Geo2 Remediation Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

4

Tangible assets

Plant and machinery
£

Office equipment
£

Total
£

Cost or valuation

At 1 March 2024

-

11,916

11,916

Additions

205,010

10,115

215,125

Disposals

-

(112)

(112)

At 28 February 2025

205,010

21,919

226,929

Depreciation

At 1 March 2024

-

2,191

2,191

Charge for the year

8,561

3,882

12,443

At 28 February 2025

8,561

6,073

14,634

Carrying amount

At 28 February 2025

196,449

15,846

212,295

At 29 February 2024

2,251

7,474

9,725

 

Geo2 Remediation Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

5

Debtors

2025
£

2024
£

Trade debtors

500,933

394,919

Amounts owed by group undertakings

237,214

-

Other debtors

-

4,879

Director's account

-

5,000

 

738,147

404,798

6

Creditors

2025
£

2024
£

Due within one year

Loans and borrowings

7,875

-

Trade creditors

286,790

230,012

Amounts due to group undertakings

275,800

64,786

Social security and other taxes

187,330

84,237

Other creditors

20,015

9,736

777,810

388,771

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £7,875 (2024 - £nil).

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

15,760

-

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £15,760 (2024 - £nil).

7

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary shares of £1 each

111

111

111

111

       
 

Geo2 Remediation Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

8

Related party transactions

Transactions with directors

2025

At 1 March 2024
£

Repayments by director
£

At 28 February 2025
£

Director's account - No interest is charged on this balance

5,000

(5,000)

-

 

2024

At 1 March 2023
£

Advances to director
£

Repayments by director
£

At 29 February 2024
£

Director's account - No interest is charged on this balance

10,000

5,000

(10,000)

5,000