Caseware UK (AP4) 2024.0.164 2024.0.164 2024-11-302024-11-30false1falsetrue2023-12-01oil industry contractor1trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10481654 2023-12-01 2024-11-30 10481654 2022-12-01 2023-11-30 10481654 2024-11-30 10481654 2023-11-30 10481654 c:Director1 2023-12-01 2024-11-30 10481654 d:PlantMachinery 2023-12-01 2024-11-30 10481654 d:PlantMachinery 2024-11-30 10481654 d:PlantMachinery 2023-11-30 10481654 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 10481654 d:MotorVehicles 2023-12-01 2024-11-30 10481654 d:MotorVehicles 2024-11-30 10481654 d:MotorVehicles 2023-11-30 10481654 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 10481654 d:FurnitureFittings 2023-12-01 2024-11-30 10481654 d:FurnitureFittings 2024-11-30 10481654 d:FurnitureFittings 2023-11-30 10481654 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 10481654 d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 10481654 d:CurrentFinancialInstruments 2024-11-30 10481654 d:CurrentFinancialInstruments 2023-11-30 10481654 d:Non-currentFinancialInstruments 2024-11-30 10481654 d:Non-currentFinancialInstruments 2023-11-30 10481654 d:CurrentFinancialInstruments d:WithinOneYear 2024-11-30 10481654 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 10481654 d:Non-currentFinancialInstruments d:AfterOneYear 2024-11-30 10481654 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 10481654 d:ShareCapital 2024-11-30 10481654 d:ShareCapital 2023-11-30 10481654 d:RetainedEarningsAccumulatedLosses 2024-11-30 10481654 d:RetainedEarningsAccumulatedLosses 2023-11-30 10481654 c:FRS102 2023-12-01 2024-11-30 10481654 c:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 10481654 c:FullAccounts 2023-12-01 2024-11-30 10481654 c:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 10481654 d:HirePurchaseContracts d:WithinOneYear 2024-11-30 10481654 d:HirePurchaseContracts d:WithinOneYear 2023-11-30 10481654 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-11-30 10481654 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-11-30 10481654 2 2023-12-01 2024-11-30 10481654 6 2023-12-01 2024-11-30 10481654 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-11-30 10481654 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-11-30 10481654 e:PoundSterling 2023-12-01 2024-11-30 iso4217:GBP xbrli:pure

Registered number: 10481654









GEO-INTECH LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

 
GEO-INTECH LIMITED
REGISTERED NUMBER: 10481654

BALANCE SHEET
AS AT 30 NOVEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
16,773
22,406

Investments
 5 
50,708
50,708

  
67,481
73,114

Current assets
  

Debtors: amounts falling due within one year
 6 
39,182
125,982

Cash at bank and in hand
 7 
91,057
17,991

  
130,239
143,973

Creditors: amounts falling due within one year
 8 
(15,974)
(29,769)

Net current assets
  
 
 
114,265
 
 
114,204

Total assets less current liabilities
  
181,746
187,318

Creditors: amounts falling due after more than one year
 9 
-
(8,361)

  

Net assets
  
181,746
178,957


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
181,745
178,956

  
181,746
178,957


Page 1

 
GEO-INTECH LIMITED
REGISTERED NUMBER: 10481654
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 1 August 2025.





................................................
Franck Christian Baudrain
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
GEO-INTECH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1.


General information

Geo-Intech Limited is a private company limited by shares, incorporated in England and Wales. The principal activity throughout the year was a contractor to the oil industry.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
GEO-INTECH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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


 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
 reducing balance
Motor vehicles
-
25%
 reducing balance
Fixtures and fittings
-
25%
 reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Valuation of investments

Investments are measured at cost less impairment.

Page 4

 
GEO-INTECH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 5

 
GEO-INTECH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 December 2023
508
36,007
9,085
45,600



At 30 November 2024

508
36,007
9,085
45,600



Depreciation


At 1 December 2023
127
16,219
6,848
23,194


Charge for the year on owned assets
127
4,947
559
5,633



At 30 November 2024

254
21,166
7,407
28,827



Net book value



At 30 November 2024
254
14,841
1,678
16,773



At 30 November 2023
381
19,788
2,237
22,406

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Motor vehicles
-
19,788


5.


Fixed asset investments





Investments

£



Cost or valuation


At 1 December 2023
50,708



At 30 November 2024
50,708




Page 6

 
GEO-INTECH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

6.


Debtors

2024
2023
£
£


Trade debtors
9,212
3,094

Other debtors
29,699
120,613

Prepayments and accrued income
271
2,275

39,182
125,982


Included within other debtors due within one year is a loan to the director, Franck Christian Baudrain,  amounting to £8,716 (2023 - £99,629)




7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
91,057
17,991

91,057
17,991


Page 7

 
GEO-INTECH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Payments received on account
-
86

Trade creditors
884
248

Corporation tax
11,010
15,026

Other taxation and social security
2,265
2,666

Obligations under finance lease and hire purchase contracts
-
10,323

Accruals and deferred income
1,815
1,420

15,974
29,769


The following liabilities were secured:

2024
2023
£
£



Hire purchase
-
10,333

-
10,333

Details of security provided:

Hire purchase is secured against the asset.

Page 8

 
GEO-INTECH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
-
8,361

-
8,361


The following liabilities were secured:

2024
2023
£
£



Hire purchase
-
8,361

-
8,361

Details of security provided:

Hire purchase is secured against the asset.


10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
-
10,333

Between 1-5 years
-
8,361

-
18,694

Page 9

 
GEO-INTECH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024


11.


Pension commitments

The Company operates a defined contributions pension scheme in respect of the director. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £2,400 (2023 - £1,200). Contributions totalling £Nil (2023 - £Nil) were payable to the fund at the balance sheet date.


12.


Controlling party

The Company is controlled by the director, Franck Christian Baudrain, by virtue of his shareholding as described in the Director's report.

 
Page 10