REGISTERED NUMBER: 02322921 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

GEO SUPPLIES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr C J Darmon

Mr L Sims

Mr P Vickers

SECRETARY:

Mr L Sims

REGISTERED OFFICE:

49 Station Road

Chapeltown

Sheffield

South Yorkshire

S35 2XE

REGISTERED NUMBER:

02322921 (England and Wales)

ACCOUNTANTS:

Gibson Booth Limited

12 Victoria Road

Barnsley

South Yorkshire

S70 2BB

BANKERS:

Lloyds TSB Bank Plc

103 Norfolk Street

Sheffield

South Yorkshire

S1 1ST

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

43,090

45,578

43,090

45,578

CURRENT ASSETS

Stocks

6

55,007

54,015

Debtors

7

25,798

50,508

Cash at bank and in hand

277,202

231,796

358,007

336,319

CREDITORS

Amounts falling due within one year

8

211,458

204,735

NET CURRENT ASSETS

146,549

131,584

TOTAL ASSETS LESS CURRENT LIABILITIES

189,639

177,162

PROVISIONS FOR LIABILITIES

1,561

1,774

NET ASSETS

188,078

175,388

CAPITAL AND RESERVES

Called up share capital

9

79,500

79,500

Retained earnings

108,578

95,888

SHAREHOLDERS' FUNDS

188,078

175,388

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 6 October 2025 and were signed on its behalf by:

Mr C J Darmon - Director

1.	STATUTORY INFORMATION

Geo Supplies 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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

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.

Significant judgements and estimates

No judgements have been made in the process of applying the below accounting policies that have had the most significant effect on amounts recognised in the financial statements.

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Turnover is recognised once the goods or services have been supplied and invoiced to the customer.

Intangible fixed assets

Amortisation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Website development - 20% on cost

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Freehold property

-

2% on cost

Fixtures and fittings

-

10% on reducing balance

Office equipment

-

25% on reducing balance

Tangible fixed assets are originally recognised at cost (or deemed cost). Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates 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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Website

development

costs

£

COST

At 1 April 2024

and 31 March 2025

5,308

AMORTISATION

At 1 April 2024

and 31 March 2025

5,308

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Office

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2024

68,155

25,143

58,343

151,641

Additions

-

-

831

831

At 31 March 2025

68,155

25,143

59,174

152,472

DEPRECIATION

At 1 April 2024

31,884

21,911

52,268

106,063

Charge for year

1,363

323

1,633

3,319

At 31 March 2025

33,247

22,234

53,901

109,382

NET BOOK VALUE

At 31 March 2025

34,908

2,909

5,273

43,090

At 31 March 2024

36,271

3,232

6,075

45,578

6.

STOCKS

31.3.25

31.3.24

£

£

Stocks

55,007

54,015

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

8,809

14,132

Prepayments and accrued income

16,989

36,376

25,798

50,508

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

7,711

5,393

Corporation tax

5,905

-

Social security and other taxes

2,820

2,815

VAT

14,052

14,966

Other creditors

301

279

Accruals and deferred income

180,669

181,282

211,458

204,735

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

60,000

'A' Ordinary

£1

60,000

60,000

5,000

'B' Ordinary

£1

5,000

5,000

2,500

'C' Ordinary

£1

2,500

2,500

10,000

'D' Ordinary

£1

10,000

10,000

1,000

'E' Ordinary

£1

1,000

1,000

1,000

'F' Ordinary

£1

1,000

1,000

79,500

79,500