REGISTERED NUMBER: 04676011 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

Sirius Geotechnical Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P E Kane

M J Powell

S Robinson

SECRETARY:

S Robinson

REGISTERED OFFICE:

Russel House

Mill Road

Langley Moor

Durham

DH7 8HJ

REGISTERED NUMBER:

04676011 (England and Wales)

AUDITORS:

Anderson Barrowcliff Limited

Statutory Auditors

Chartered Accountants

3 Kingfisher Court

Bowesfield Park

Stockton on Tees

TS18 3EX

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

16,518

17,072

16,518

17,072

CURRENT ASSETS

Stocks

-

421

Debtors

6

612,188

487,682

Cash in hand

226

522

612,414

488,625

CREDITORS

Amounts falling due within one year

7

812,924

766,348

NET CURRENT LIABILITIES

(200,510

)

(277,723

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(183,992

)

(260,651

)

CAPITAL AND RESERVES

Called up share capital

10

200

200

Retained earnings

(184,192

)

(260,851

)

SHAREHOLDERS' FUNDS

(183,992

)

(260,651

)

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 11 September 2025 and were signed on its behalf by:

S Robinson - Director

1.	STATUTORY INFORMATION

Sirius Geotechnical Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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

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.

Notwithstanding the company's net current liabilities of £200,510 at 31 December 2024 (2023: £277,723) the financial statements have been prepared on a going concern basis. This basis assumes the continuing support of the group companies. The directors have received confirmation of such support.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to percentage costs.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of business assets in 2012, has been fully written off in the year of acquisition.

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

- 20% on cost

Fixtures and fittings

- 25% on cost and 4.76% on cost

Motor vehicles

- 25% on cost

Computer equipment

- 50% on cost and 33% on cost

Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that 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 balance sheet date that are expected to apply to the reversal of timing differences.

Hire purchase and leasing commitments

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

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.

Amounts recoverable on contracts

Amounts recoverable on contracts are stated at cost plus attributable profit to the extent that such profit is reasonably certain and after making provision for any foreseeable losses in completing contracts, less payments on account received.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 23 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

104,765

AMORTISATION

At 1 January 2024

and 31 December 2024

104,765

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2024

60,828

52,606

40,837

154,271

Additions

2,500

-

4,108

6,608

At 31 December 2024

63,328

52,606

44,945

160,879

DEPRECIATION

At 1 January 2024

60,216

40,436

36,547

137,199

Charge for year

844

2,813

3,505

7,162

At 31 December 2024

61,060

43,249

40,052

144,361

NET BOOK VALUE

At 31 December 2024

2,268

9,357

4,893

16,518

At 31 December 2023

612

12,170

4,290

17,072

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

544,773

371,166

Amounts owed by group undertakings

12,856

27,768

Other debtors

825

7,900

Amounts recoverable on

contracts

16,756

44,276

Prepayments

36,978

36,572

612,188

487,682

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

322,988

316,863

Trade creditors

145,059

154,104

Amounts owed to group undertakings

138,809

141,455

Amounts owed to related party

475

333

Taxation

26,500

1,400

Social security and other taxes

24,653

30,114

VAT

46,125

28,221

Other creditors

11,694

8,359

Accrued expenses

96,621

85,499

812,924

766,348

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

84,835

81,475

Between one and five years

202,310

234,990

In more than five years

331,417

372,417

618,562

688,882

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank overdrafts

322,988

316,863

Group banking facilities are secured by a debenture over the assets of the company.

The company also offers security to its bankers under cross guarantees with Sirius Engineering Group Ltd and its subsidiaries.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

200

Ordinary

£1

200

200

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Helen Wilson FCA (Senior Statutory Auditor)

for and on behalf of Anderson Barrowcliff Limited

12.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss as they fall due. The charge for the year was £89,753 (2023: £105,115). There were pension contributions of £8,094 outstanding at the year end (2023: £6,559).

13.	ULTIMATE CONTROLLING PARTY

Sirius Engineering Group Limited owns 80% of the issued capital of the company. The Sirius Group Employee Ownership Trust owns 100% of the issued share capital of Sirius Engineering Group Limited. These financial statements are included in the consolidated financial statements of Sirius Engineering Group Limited. The parent's registered office address is the same as that of the company, and is registered in England and Wales.