Acorah Software Products - Accounts Production 16.5.460 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 04286419 Mr Jason Hollands Mr Richard Spencer Mr Paul Kershaw Mr Jason Hollands iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04286419 2024-03-31 04286419 2025-03-31 04286419 2024-04-01 2025-03-31 04286419 frs-core:CurrentFinancialInstruments 2025-03-31 04286419 frs-core:FurnitureFittings 2025-03-31 04286419 frs-core:FurnitureFittings 2024-04-01 2025-03-31 04286419 frs-core:FurnitureFittings 2024-03-31 04286419 frs-core:MotorVehicles 2025-03-31 04286419 frs-core:MotorVehicles 2024-04-01 2025-03-31 04286419 frs-core:MotorVehicles 2024-03-31 04286419 frs-core:PlantMachinery 2025-03-31 04286419 frs-core:PlantMachinery 2024-04-01 2025-03-31 04286419 frs-core:PlantMachinery 2024-03-31 04286419 frs-core:ShareCapital 2025-03-31 04286419 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 04286419 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 04286419 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 04286419 frs-bus:SmallEntities 2024-04-01 2025-03-31 04286419 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 04286419 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 04286419 frs-bus:Director1 2024-04-01 2025-03-31 04286419 frs-bus:Director2 2024-04-01 2025-03-31 04286419 frs-bus:Director3 2024-04-01 2025-03-31 04286419 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 04286419 frs-countries:EnglandWales 2024-04-01 2025-03-31 04286419 2023-03-31 04286419 2024-03-31 04286419 2023-04-01 2024-03-31 04286419 frs-core:CurrentFinancialInstruments 2024-03-31 04286419 frs-core:ShareCapital 2024-03-31 04286419 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 04286419
GeoDyne Limited
Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 04286419
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 18,795 15,819
18,795 15,819
CURRENT ASSETS
Debtors 5 470,126 333,164
Cash at bank and in hand 171,987 260,210
642,113 593,374
Creditors: Amounts Falling Due Within One Year 6 (226,325 ) (156,246 )
NET CURRENT ASSETS (LIABILITIES) 415,788 437,128
TOTAL ASSETS LESS CURRENT LIABILITIES 434,583 452,947
NET ASSETS 434,583 452,947
CAPITAL AND RESERVES
Called up share capital 7 220 200
Profit and Loss Account 434,363 452,747
SHAREHOLDERS' FUNDS 434,583 452,947
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Richard Spencer
Director
21 August 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
GeoDyne Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04286419 . The registered office is Unit 2.2 Clarendon House Clarendon Park, Clumber Avenue, Nottingham, NG5 1AH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% on cost
Motor Vehicles 25% on cost
Fixtures & Fittings 10% on cost
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 16 (2024: 16)
16 16
Page 2
Page 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 April 2024 26,977 54,506 35,815 117,298
Additions - 16,800 - 16,800
Disposals (3,665 ) (30,321 ) (5,980 ) (39,966 )
As at 31 March 2025 23,312 40,985 29,835 94,132
Depreciation
As at 1 April 2024 23,145 54,506 23,828 101,479
Provided during the period 1,139 8,400 2,890 12,429
Disposals (3,665 ) (30,321 ) (4,585 ) (38,571 )
As at 31 March 2025 20,619 32,585 22,133 75,337
Net Book Value
As at 31 March 2025 2,693 8,400 7,702 18,795
As at 1 April 2024 3,832 - 11,987 15,819
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 393,954 262,403
Other debtors 76,172 70,761
470,126 333,164
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 126,735 80,361
Bank loans and overdrafts 3,139 3,511
Other creditors 3,150 2,968
Taxation and social security 93,301 69,406
226,325 156,246
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 220 200
Page 3