REGISTERED NUMBER: 04691011 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

GEOTECH DEVELOPMENTS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M M F M Bosch

Mrs J E C Bosch

SECRETARY:

Mrs J E C Bosch

REGISTERED OFFICE:

Waters End Farm

Standen Street

Iden Green

Cranbrook

Kent

TN17 4LA

REGISTERED NUMBER:

04691011 (England and Wales)

ACCOUNTANTS:

Advanta

Chartered Accountants

29 Gildredge Road

Eastbourne

East Sussex

BN21 4RU

FIXED ASSETS

Tangible assets

4

438,556

891,443

CURRENT ASSETS

Stocks

-

68,082

Debtors

349,075

715,674

Cash at bank

1,007,981

401

1,357,056

784,157

CREDITORS

Amounts falling due within one year

738,245

824,266

NET CURRENT ASSETS/(LIABILITIES)

618,811

(40,109

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,057,367

851,334

CREDITORS

Amounts falling due after more than one year

-

(406,166

)

PROVISIONS FOR LIABILITIES

6

(107,934

)

(148,817

)

NET ASSETS

949,433

296,351

CAPITAL AND RESERVES

Called up share capital

300

300

Retained earnings

949,133

296,051

SHAREHOLDERS' FUNDS

949,433

296,351

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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 23 December 2025 and were signed on its behalf by:

M M F M Bosch - Director

1.	STATUTORY INFORMATION

Geotech Developments Limited 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.

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.

Turnover

Turnover is measured at fair value of the consideration received or receivable, excluding discounts, rebates value added tax and other sales taxes.

Turnover is recognised as work is completed. Turnover not billed is included in stocks as work in progress.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant & machinery

-

25% on reducing balance and 10% on reducing balance

Furniture,fittings & equipment

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

Straight line over 3 years

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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 transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

1,800,500

Additions

620,461

Disposals

(1,954,190

)

At 31 March 2025

466,771

DEPRECIATION

At 1 April 2024

909,057

Charge for year

17,303

Eliminated on disposal

(898,145

)

At 31 March 2025

28,215

NET BOOK VALUE

At 31 March 2025

438,556

At 31 March 2024

891,443

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 April 2024

502,385

Transfer to ownership

(502,385

)

At 31 March 2025

-

DEPRECIATION

At 1 April 2024

62,596

Transfer to ownership

(62,596

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

439,789

5.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdrafts

4

51,574

Hire purchase contracts

-

429,507

Bank loan

-

105,750

4

586,831

6.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Accelerated capital allowances

107,934

221,047

Trading losses

-

(72,230

)

107,934

148,817

Deferred

tax

£

Balance at 1 April 2024

148,817

Provided during year

(113,113

)

Tax losses utilised

72,230

Balance at 31 March 2025

107,934

7.	RELATED PARTY DISCLOSURES

During the year sales of £427,402 were made to companies under common control.

At the balance sheet date the company was owed £172,934 (2024: £135,359) from companies under common control.

At the balance sheet date £81,601 (2024: £227,288) was owed to the company director. The loan is unsecured, repayable on demand and interest-free.

At the balance sheet date £6,100 (2024 : £6,100) was owed to the son of the director. The loan is unsecured, repayable on demand and interest-free.