GEO Offers Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 11976415

GEO Offers Limited

Filleted Unaudited Financial Statements

31 May 2025

GEO Offers Limited

Financial Statements

Year ended 31 May 2025

Contents	Page

Officers and professional advisers	1

Chartered certified accountants report to the board of directors on the preparation of the unaudited statutory financial statements	2

Statement of financial position	3

Notes to the financial statements	5

GEO Offers Limited

Officers and Professional Advisers

The board of directors	M J Fraser
	J I Sedgmond
	G G Jones

Registered office	727-729 High Road
	London
	N12 0BP

Accountants	Complete Accounting Solutions
	Chartered Certified Accountants
	727-729 High Road
	London
	N12 0BP

GEO Offers Limited

Chartered Certified Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of GEO Offers Limited

Year ended 31 May 2025

As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 May 2025, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

Complete Accounting Solutions Chartered Certified Accountants

727-729 High Road London N12 0BP

GEO Offers Limited

Statement of Financial Position

31 May 2025

	2025	2024
Note	£	£

Fixed assets

Intangible assets	5	358,982	200,352
Tangible assets	6	20,529	29,240
		---------	---------
		379,511	229,592

Current assets

Debtors	7	981,326	1,316,644
Cash at bank and in hand		485,995	472,570
		------------	------------
		1,467,321	1,789,214

Creditors: amounts falling due within one year	8	( 1,434,036)	( 1,773,831)
		------------	------------
Net current assets		33,285	15,383
		---------	---------
Total assets less current liabilities		412,796	244,975

Creditors: amounts falling due after more than one year	9	( 5,543)	( 15,131)

Provisions	10	( 92,070)	( 53,869)
		---------	---------
Net assets		315,183	175,975
		---------	---------

Capital and reserves

Called up share capital	12	100	100
Share options reserve		23,625	10,125
Profit and loss account		291,458	165,750
		---------	---------
Shareholders funds		315,183	175,975
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 May 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 year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

GEO Offers Limited

Statement of Financial Position (continued)

31 May 2025

These financial statements were approved by the board of directors and authorised for issue on 18 November 2025 , and are signed on behalf of the board by:

M J Fraser

Director

Company registration number: 11976415

GEO Offers Limited

Notes to the Financial Statements

Year ended 31 May 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 727-729 High Road, London, N12 0BP.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis .

Going concern

In the opinion of the director, on the basis of information and enquiries that are pertinent to the company's circumstances and which the director believe to be adequate, it is appropriate to continue to treat the company as a going concern. In particular the director believes that adequate cash resources will be available to cover the company's requirements for working capital for at least twelve months from the date of signing the financial statements.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 reporting date that are expected to apply to the reversal of the timing difference .

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses .

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Development costs	-	33% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Research and development

Research expenditure is written off in the period in which it is incurred. Development expenditure incurred is capitalised as an intangible asset only when all of the following criteria are met: - It is technically feasible to complete the intangible asset so that it will be available for use or sale; - There is the intention to complete the intangible asset and use or sell it; - There is the ability to use or sell the intangible asset; - The use or sale of the intangible asset will generate probable future economic benefits; - There are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset; and - The expenditure attributable to the intangible asset during its development can be measured reliably. Expenditure that does not meet the above criteria is expensed as incurred.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Short leasehold property	-	33% straight line
Office Equipment	-	33% straight line
Computer Equipment	-	33% straight line

Share options

Equity-settled share-based payment transactions are measured at fair value at the date of grant. The fair value is expensed on a straight-line basis over the vesting period, with a corresponding increase in equity. This is based upon the company's estimate of the shares or share options that will eventually vest which takes into account all vesting conditions and non-market performance conditions, with adjustments being made where new information indicates the number of shares or share options expected to vest differs from previous estimates.

Fair value is determined using an appropriate pricing model. All market conditions and non-vesting conditions are taken into account when estimating the fair value of the shares or share options. As long as all other vesting conditions are satisfied, no adjustment is made irrespective of whether market or non-vesting conditions are met.

Where the terms of an equity-settled transaction are modified, an expense is recognised as if the terms had not been modified. In addition, an expense is recognised for any increase in the fair value of the transaction, as measured at the date of modification.

Where an equity-settled transaction is cancelled or settled, it is treated as if it had vested on the date of cancellation or settlement, and any expense not yet recognised in profit or loss is expensed immediately.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

Share-based payments

Equity-settled share-based payment transactions are measured at fair value at the date of grant. The fair value is expensed on a straight-line basis over the vesting period, with a corresponding increase in equity. This is based upon the company's estimate of the shares or share options that will eventually vest which takes into account all vesting conditions and non-market performance conditions, with adjustments being made where new information indicates the number of shares or share options expected to vest differs from previous estimates. Fair value is determined using an appropriate pricing model. All market conditions and non-vesting conditions are taken into account when estimating the fair value of the shares or share options. As long as all other vesting conditions are satisfied, no adjustment is made irrespective of whether market or non-vesting conditions are met. Where the terms of an equity-settled transaction are modified, an expense is recognised as if the terms had not been modified. In addition, an expense is recognised for any increase in the fair value of the transaction, as measured at the date of modification. Where an equity-settled transaction is cancelled or settled, it is treated as if it had vested on the date of cancellation or settlement, and any expense not yet recognised in profit or loss is expensed immediately. Cash-settled share-based payment transactions are measured at the fair value of the liability. Until the liability is settled, the fair value of the liability is re-measured at each reporting date and at the date of settlement, with any changes in fair value recognised in profit or loss for the period.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 15 (2024: 11 ).

5. Intangible assets

	Development costs
	£
Cost
At 1 June 2024	432,694
Additions	452,957
	---------
At 31 May 2025	885,651
	---------
Amortisation
At 1 June 2024	232,342
Charge for the year	294,327
	---------
At 31 May 2025	526,669
	---------
Carrying amount
At 31 May 2025	358,982
	---------
At 31 May 2024	200,352
	---------

6. Tangible assets

	Buildings	Office Equipment	Equipment	Total
	£	£	£	£
Cost
At 1 June 2024	10,300	14,113	13,723	38,136
Additions	–	–	4,970	4,970
	--------	--------	--------	--------
At 31 May 2025	10,300	14,113	18,693	43,106
	--------	--------	--------	--------
Depreciation
At 1 June 2024	2,409	4,346	2,141	8,896
Charge for the year	3,399	4,657	5,625	13,681
	--------	--------	--------	--------
At 31 May 2025	5,808	9,003	7,766	22,577
	--------	--------	--------	--------
Carrying amount
At 31 May 2025	4,492	5,110	10,927	20,529
	--------	--------	--------	--------
At 31 May 2024	7,891	9,767	11,582	29,240
	--------	--------	--------	--------

7. Debtors

	2025	2024
	£	£
Trade debtors	339,590	683,942
Other debtors	641,736	632,702
	---------	------------
	981,326	1,316,644
	---------	------------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans	10,118	10,648
Trade creditors	44,038	24,774
Corporation tax	22,578	79,384
Social security and other taxes	83,582	62,876
Other creditors	1,273,720	1,596,149
	------------	------------
	1,434,036	1,773,831
	------------	------------

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans	5,543	15,131
	-------	--------

10. Provisions

	Deferred tax
	£
At 1 June 2024	53,869
Additions	38,201
	--------
At 31 May 2025	92,070
	--------

11. Share options

The company introduced an EMI scheme for key employees during the year. The fair value of EMI options has been calculated using the Black Scholes model in accordance with FRS 102 Section 26. The movement on Other Reserves relates to the accrued option value attributable to the accounting period. A corresponding charge is included in the Profit and Loss account.

12. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 0.0001 each	1,000,000	100	1,000,000	100
	------------	----	------------	----

13. Related party transactions

At the year end, M J Fraser , sole director, owed £468,593 (2024 : £470,843) to the company. No interest is charged by the company on these amounts.