Company No: 08933945 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Mr G Devine
	Ms K Devine (Appointed 01 April 2024)
	Mr C Devine (Appointed 01 April 2024)
	Mr R Devine (Appointed 01 April 2024)

REGISTERED OFFICE	36 Hallside Road
	Blyth
	Northumberland
	United Kingdom

COMPANY NUMBER

08933945 (England and Wales)

ACCOUNTANT	S&W Partners Newcastle Limited
	17 Queens Lane
	Newcastle
	NE1 1RN

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	65,692		50,688
Investments	4	120,000		160,000
		185,692		210,688
Current assets
Debtors	5	243,611		200,451
Cash at bank and in hand		107,305		76,332
		350,916		276,783
Creditors: amounts falling due within one year	6	( 271,981)		( 223,924)
Net current assets		78,935		52,859
Total assets less current liabilities		264,627		263,547
Net assets		264,627		263,547
Capital and reserves
Called-up share capital		103		100
Profit and loss account		264,524		263,447
Total shareholders' funds		264,627		263,547

For the financial 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.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Geo-Dev Limited (registered number: 08933945) were approved and authorised for issue by the Board of Directors on 03 September 2025. They were signed on its behalf by:

Mr G Devine Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Geo-Dev Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 36 Hallside Road, Blyth, Northumberland, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Geo-Dev Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Revenue arising from the provision of services is recognised by reference to the stage of completion as follows:
[include details of the specific recognition and measurement policies for each significant type of service provided]
When the stage of completion cannot be measured reliably revenue is recognised up to the extent of recoverable expenses and accordingly no profit is recognised.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.

20 - 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	12		13

3. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 April 2024	142,988		142,988
Additions	32,089		32,089
At 31 March 2025	175,077		175,077
Accumulated depreciation
At 01 April 2024	92,300		92,300
Charge for the financial year	17,085		17,085
	0		0
At 31 March 2025	109,385		109,385
Net book value
At 31 March 2025	65,692		65,692
At 31 March 2024	50,688		50,688

4. Fixed asset investments

	Other investments		Total
	£		£
Cost or valuation before impairment
At 01 April 2024	160,000		160,000
Movement in fair value	( 40,000)		( 40,000)
At 31 March 2025	120,000		120,000
Carrying value at 31 March 2025	120,000		120,000
Carrying value at 31 March 2024	160,000		160,000

5. Debtors

	2025		2024
	£		£
Trade debtors	242,021		142,688
Corporation tax	0		13,451
Other debtors	1,590		44,312
	243,611		200,451

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	84,361		64,652
Taxation and social security	86,274		92,742
Obligations under finance leases and hire purchase contracts	0		2,792
Other creditors	101,346		63,738
	271,981		223,924

7. Financial commitments

Commitments

Capital commitments are as follows:

	2025		2024
	£		£
Contracted for but not provided for:
Finance leases entered into	0		2,792

The hire purchase liability is secured against the assets to which is relates. The net book value of fixed assets held under hire purchase contracts at 31 March 2025 was £ nil (2024 - £6,284)