WHITEFORD GEOSERVICES LTD

Company Registration Number:
NI044990 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

WHITEFORD GEOSERVICES LTD

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

WHITEFORD GEOSERVICES LTD

Balance sheet

As at 31 December 2024


Notes
2024
2023


£
£
Fixed assets
Tangible assets: 3 236,832 202,669
Investments: 4 0 1
Total fixed assets: 236,832 202,670
Current assets
Stocks: 89,835 52,088
Debtors: 5 206,979 272,171
Cash at bank and in hand: 343,618 242,414
Total current assets: 640,432 566,673
Creditors: amounts falling due within one year: 6 (186,620) (198,118)
Net current assets (liabilities): 453,812 368,555
Total assets less current liabilities: 690,644 571,225
Creditors: amounts falling due after more than one year: 7 (4,409) (14,806)
Total net assets (liabilities): 686,235 556,419
Capital and reserves
Called up share capital: 25,120 25,120
Revaluation reserve:862,52867,458
Profit and loss account: 598,587 463,841
Shareholders funds: 686,235 556,419

The notes form part of these financial statements

WHITEFORD GEOSERVICES LTD

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 15 September 2025
and signed on behalf of the board by:

Name: John Whiteford
Status: Director

The notes form part of these financial statements

WHITEFORD GEOSERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents amounts derived from the provision of goods and services which fall within the company's ordinary activities, exclusive of tax.

Tangible fixed assets and depreciation policy

Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is calculated to write off the costs within their estimated useful lives. The amount to be written off is reduced by the residual value expected when use of the assets ceases. Additions in the year bear a due portion of the annual charge. The methods adopted and rates used are: Plant and Machinery - 6% reducing balance; Fixtures, fittings and equipment - 5% reducing balance; Office Equipment 12% reducing balance; and Motor vehicles - 20% reducing balance.

Valuation and information policy

Stocks and Works in progress - Stock is valued at the lower of cost or net realisable value. Provision is made for any items of obsolete or slow moving stock. Work in Progress represents the fair value attributable to work done not yet invoiced at the balance sheet date after all losses incurred or anticipated to be incurred in completion of the contracts, and is provided for on a contract by contract basis.

Other accounting policies

Revaluation of tangible assets - A review of tangible fixed assets was carried out in 2019 resulting in the revaluation model being used to measure plant & machinery and motor vehicles. Plant & machinery and motor vehicles were revalued to current market value as at 31 December 2019. An independent valuer was not involved as the market values were readily attainable. Had the assets not been revalued, under the cost model the carrying amount after depreciation charged for the year as at 31 December 2024 would have been £145,509 for all plant & machinery; and £10,209 for all motor vehicles. Deferred taxation - Tax deferred as a result of timing differences between accounting and taxation profits is provided for on a full basis. Such provision is made for at the taxation rates at which the differences are expected to reverse. Hire Purchasing - Assets acquired under hire purchase and leasing agreements are capitalised at their fair value on the inception of the agreement and depreciated over their useful economic lives. The finance charge is allocated to the profit and loss on a straight line basis over the period of the agreement. Rentals charges on operating leases are charged to the profit and loss account as payments accrue, over the term of the lease. Foreign currencies - Assets and liabilities in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

WHITEFORD GEOSERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

2024 2023
Average number of employees during the period 8 8

WHITEFORD GEOSERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Tangible Assets

Total
Cost £
At 01 January 2024 280,977
Additions 50,732
At 31 December 2024 331,709
Depreciation
At 01 January 2024 78,308
Charge for year 16,569
At 31 December 2024 94,877
Net book value
At 31 December 2024 236,832
At 31 December 2023 202,669

WHITEFORD GEOSERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Fixed investments

Investment in Subsidiary At 01 January 2024 £1 Additions £0 Disposals (£1) At 31 December 2024 £0

WHITEFORD GEOSERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Debtors

2024 2023
££
Debtors due after more than one year: 0 0

WHITEFORD GEOSERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

6. Creditors: amounts falling due within one year note

Bank loans and overdrafts 2024 £60,186 2023 £59,930; Amounts due under finance leases and hire purchase contracts 2024 £0 2023 £0; Taxation and social security 2024 £67,985 2023 £62,645; Trade Creditors 2024 £58,449 2023 £73,721; Accruals 2024 £0 2023 £1,821; Other creditors 2024 £0 2023 £1; TOTAL 2024 £186,620 2023 198,118

WHITEFORD GEOSERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

7. Creditors: amounts falling due after more than one year note

Bank loans and overdrafts 2024 £4,409 2023 £14,806; Amounts due under finance leases and hire purchase contracts 2024 £0 2023 £0; TOTAL 2024 £4,409 2023 £14,806

WHITEFORD GEOSERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

8. Revaluation reserve

2024
£
Balance at 01 January 2024 67,458
Surplus or deficit after revaluation (4,930)
Balance at 31 December 2024 62,528