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REGISTERED NUMBER: 10321594 (England and Wales)







Unaudited Financial Statements for the Year Ended 31 August 2024

for

Geomiq Limited

Geomiq Limited (Registered number: 10321594)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Geomiq Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mr O Al-Mukhtar
Mr M A Pearson
Mr J Del Barrio Puerta
Mr F Robinet





REGISTERED OFFICE: 45 Vyner Street
London
E2 9DQ





REGISTERED NUMBER: 10321594 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
United Kingdom
BS32 4JY

Geomiq Limited (Registered number: 10321594)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,699 7,711
Tangible assets 5 47,863 45,327
53,562 53,038

CURRENT ASSETS
Debtors 6 1,512,471 975,791
Cash at bank and in hand 3,897,510 4,694,402
5,409,981 5,670,193
CREDITORS
Amounts falling due within one year 7 1,875,828 1,422,839
NET CURRENT ASSETS 3,534,153 4,247,354
TOTAL ASSETS LESS CURRENT LIABILITIES 3,587,715 4,300,392

PROVISIONS FOR LIABILITIES 13,187 10,077
NET ASSETS 3,574,528 4,290,315

CAPITAL AND RESERVES
Called up share capital 9 2,470 2,471
Share premium 10 9,924,001 9,924,001
Retained earnings 10 (6,351,943 ) (5,636,157 )
SHAREHOLDERS' FUNDS 3,574,528 4,290,315

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Geomiq Limited (Registered number: 10321594)

Balance Sheet - continued
31 August 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 1 August 2025 and were signed on its behalf by:





Mr O Al-Mukhtar - Director


Geomiq Limited (Registered number: 10321594)

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

1. STATUTORY INFORMATION

Geomiq 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 four years.

Computer software is being amortised evenly over its estimated useful life of four 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 and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

Going concern
These accounts have been prepared on the going concern basis which assumes the continued operational existence of the company. The directors have a reasonable expectation that the company has adequate resources to continue for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 43 (2023 - 46 ) .

Geomiq Limited (Registered number: 10321594)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 September 2023
and 31 August 2024 35,034
AMORTISATION
At 1 September 2023 27,323
Charge for year 2,012
At 31 August 2024 29,335
NET BOOK VALUE
At 31 August 2024 5,699
At 31 August 2023 7,711

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 September 2023 5,553 14,501 63,172 83,226
Additions 3,808 1,468 9,714 14,990
At 31 August 2024 9,361 15,969 72,886 98,216
DEPRECIATION
At 1 September 2023 3,265 7,744 26,890 37,899
Charge for year 962 1,723 9,769 12,454
At 31 August 2024 4,227 9,467 36,659 50,353
NET BOOK VALUE
At 31 August 2024 5,134 6,502 36,227 47,863
At 31 August 2023 2,288 6,757 36,282 45,327

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 1,324,561 895,034
Other debtors 73,205 57,849
Prepayments and accrued income 114,705 22,908
1,512,471 975,791

Geomiq Limited (Registered number: 10321594)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 1,160,579 875,709
Social security and other taxes 89,459 83,264
Pensions payable 8,422 7,720
VAT 612,622 423,213
Other creditors - 18,749
Directors' current accounts 3,013 3,581
Accruals and deferred income 1,733 10,603
1,875,828 1,422,839

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.8.24 31.8.23
£    £   
Within one year 106,056 89,100
Between one and five years 106,056 -
212,112 89,100

9. CALLED UP SHARE CAPITAL

All shares below are allotted, issued and fully paid;

- 153,450 Ordinary shares, nominal value of £0.01 each
- 31,069 Seed Preferred shares, nominal value of £0.01 each
- 47,261 Series A Preferred shares, nominal value of £0.01 each
- 15,244 A Ordinary shares, nominal value of £0.01 each

10. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 September 2023 (5,636,157 ) 9,924,001 4,287,844
Deficit for the year (715,786 ) (715,786 )
At 31 August 2024 (6,351,943 ) 9,924,001 3,572,058