REGISTERED NUMBER: 05100911 (England and Wales)

CELTIC GEOPHYSICS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

R A Bowen

REGISTERED OFFICE:

Plas Farm Cilybebyll

Pontardawe

Swansea

Neath Port Talbot

SA8 3JQ

REGISTERED NUMBER:

05100911 (England and Wales)

ACCOUNTANTS:

Green & Co

Accountants and Tax Advisors

Pembroke House

Llantarnam Park Way

Cwmbran

Torfaen

NP44 3AU

FIXED ASSETS

Tangible assets

4

579

-

CURRENT ASSETS

Debtors

5

30,064

19,552

Cash at bank

13,358

87,687

43,422

107,239

CREDITORS

Amounts falling due within one year

6

2,681

37,614

NET CURRENT ASSETS

40,741

69,625

TOTAL ASSETS LESS CURRENT LIABILITIES

41,320

69,625

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

41,220

69,525

SHAREHOLDERS' FUNDS

41,320

69,625

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss has not been delivered.

The financial statements were approved by the director and authorised for issue on 19th December 2025 and were signed by:

R A Bowen - Director

1.	STATUTORY INFORMATION

Celtic Geophysics 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 the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 reducing balance

Motor vehicles

-

20% on reducing balance

Office equipment

-

20% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Office

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1st April 2024

28,349

22,840

-

51,189

Additions

-

-

724

724

Disposals

-

(22,840

)

-

(22,840

)

At 31st March 2025

28,349

-

724

29,073

DEPRECIATION

At 1st April 2024

28,349

22,840

-

51,189

Charge for year

-

-

145

145

Eliminated on disposal

-

(22,840

)

-

(22,840

)

At 31st March 2025

28,349

-

145

28,494

NET BOOK VALUE

At 31st March 2025

-

-

579

579

At 31st March 2024

-

-

-

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

19,552

Directors' current accounts

30,064

-

30,064

19,552

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

1

-

Corporation Tax

(87

)

8,681

Social security and other taxes

1,257

1,257

VAT

4

2,894

Directors' current accounts

-

24,132

Accrued expenses

1,506

650

2,681

37,614

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

1

100

100

8.	RELATED PARTY DISCLOSURES

The company had an outstanding directors loan account at the year end due from R A Bowen of £30,064 (2024: £24,132 owed to R A Bowen).