REGISTERED NUMBER: 07107630 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

FOR

GEOSPHERE ENVIRONMENTAL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

P F Davies

J Dawson

T Powling

K Rider

Registered office:

Unit 11

Brightwell Barns

Ipswich Road

Brightwell

Suffolk

IP10 0BJ

Registered number:

07107630 (England and Wales)

Accountants:

Baverstocks Limited

Chartered Certified Accountants

Dickens House

Guithavon Street

Witham

Essex

CM8 1BJ

Fixed assets

Tangible assets

4

184,483

203,124

Current assets

Stocks

14,156

6,272

Debtors

5

592,302

597,692

Cash at bank

16,572

10,589

623,030

614,553

Creditors

Amounts falling due within one year

6

453,053

271,478

Net current assets

169,977

343,075

Total assets less current liabilities

354,460

546,199

Creditors

Amounts falling due after more than one year

7

(44,048

)

(10,679

)

Provisions for liabilities

(46,121

)

(36,809

)

Net assets

264,291

498,711

Capital and reserves

Called up share capital

104

102

Retained earnings

264,187

498,609

264,291

498,711

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 23 April 2026 and were signed on its behalf by:

P F Davies - Director

1.	Statutory information

Geosphere Environmental 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance, 20% on reducing balance and 20% on cost

Stocks

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

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.

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.

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.

3.	Employees and directors

The average number of employees during the year was 28 (2024 - 29 ) .

4.	Tangible fixed assets

Plant and

machinery

etc

£

Cost

At 1 July 2024

582,347

Additions

37,970

At 30 June 2025

620,317

Depreciation

At 1 July 2024

379,223

Charge for year

56,611

At 30 June 2025

435,834

Net book value

At 30 June 2025

184,483

At 30 June 2024

203,124

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

Plant and

machinery

etc

£

Cost

At 1 July 2024

and 30 June 2025

25,800

Depreciation

At 1 July 2024

17,410

Charge for year

2,097

At 30 June 2025

19,507

Net book value

At 30 June 2025

6,293

At 30 June 2024

8,390

5.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

590,619

444,542

Other debtors

1,683

153,150

592,302

597,692

6.

Creditors: amounts falling due within one year

2025

2024

£

£

Bank loans and overdrafts

28,189

10,415

Hire purchase contracts

272

3,532

Trade creditors

191,752

108,788

Taxation and social security

205,442

125,620

Other creditors

27,398

23,123

453,053

271,478

7.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Bank loans

44,048

10,679

8.	Secured debts

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

272

-

The hire purchase creditor is secured on the asset to which the contract relates.