REGISTERED NUMBER: 01889967 (England and Wales)

Geddes Business Systems Limited

Unaudited Financial Statements

for the Year Ended 31 July 2025

Page

Company information

1

Chartered accountants' report

2

Statement of financial position

3

to

4

Notes to the financial statements

5

to

7

Directors:

R P Geddes

C G Mills

P Horlock

A J Hall

Registered office:

18 London Road

Peterborough

Cambs

PE2 8AR

Business address:

18 London Road

Peterborough

Cambridgeshire

PE2 8AR

Registered number:

01889967 (England and Wales)

Accountants:

Moore Thompson

7 Swan Court

Forder Way, Cygnet Park

Hampton

Peterborough

Cambridgeshire

PE7 8GX

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Directors' report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Geddes Business Systems Limited for the year ended 31 July 2025 which comprise the Statement of income and retained earnings, Statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Geddes Business Systems Limited, as a body, in accordance with the terms of our engagement letter dated 21 February 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Geddes Business Systems Limited and state those matters that we have agreed to state to the Board of Directors of Geddes Business Systems Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Geddes Business Systems Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Geddes Business Systems Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Geddes Business Systems Limited. You consider that Geddes Business Systems Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Geddes Business Systems Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Moore Thompson

7 Swan Court

Forder Way, Cygnet Park

Hampton

Peterborough

Cambridgeshire

PE7 8GX

13 May 2026

Fixed assets

Tangible assets

5

28,897

27,637

Current assets

Stocks

3,950

3,760

Debtors

6

96,676

78,798

Cash at bank

75,320

412,573

175,946

495,131

Creditors

Amounts falling due within one year

7

86,463

80,492

Net current assets

89,483

414,639

Total assets less current liabilities

118,380

442,276

Capital and reserves

Called up share capital

100

100

Retained earnings

8

118,280

442,176

118,380

442,276

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 May 2026 and were signed on its behalf by:

R P Geddes - Director

C G Mills - Director

P Horlock - Director

1.	Statutory information

Geddes Business Systems 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	Statement of compliance

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.

3.	Accounting policies

Basis of preparing the financial statements

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.

Improvements to property

-

Straight line over 15 years

Motor vehicles

-

25% on reducing balance

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 Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4.	Employees and directors

The average number of employees during the year was 8 (2024 - 8 ) .

5.	Tangible fixed assets

Improvements

to

Motor

property

vehicles

Totals

£

£

£

Cost

At 1 August 2024

24,400

56,451

80,851

Additions

-

13,594

13,594

Disposals

-

(13,181

)

(13,181

)

At 31 July 2025

24,400

56,864

81,264

Depreciation

At 1 August 2024

23,335

29,879

53,214

Charge for year

533

9,455

9,988

Eliminated on disposal

-

(10,835

)

(10,835

)

At 31 July 2025

23,868

28,499

52,367

Net book value

At 31 July 2025

532

28,365

28,897

At 31 July 2024

1,065

26,572

27,637

6.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

91,100

74,223

Other debtors

1,765

1,295

Deferred tax asset

3,811

3,280

96,676

78,798

7.

Creditors: amounts falling due within one year

2025

2024

£

£

Trade creditors

24,299

22,654

Tax

25,409

18,264

Social security and other taxes

7,759

7,835

NEST creditor

1,217

1,096

VAT

23,822

23,996

Director's loan account

407

197

Accrued expenses

3,550

6,450

86,463

80,492

8.

Reserves

Retained

earnings

£

At 1 August 2024

442,176

Profit for the year

69,104

Dividends

(3,000

)

EOT contributions

(390,000

)

At 31 July 2025

118,280

9.	Related party disclosures

During the year, total dividends of £3,000 were paid to the director .

During the year the company made payments totalling £390,000 to GBS Employee Ownership Trust.