REGISTERED NUMBER: SC231151 (Scotland)

Financial Statements For The Year Ended 31 August 2025

for

Geo-Rope Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

N J McLean

SECRETARY:

K MacDonald

REGISTERED OFFICE:

West Quarry

West Laroch

Ballachulish

PH49 4JP

REGISTERED NUMBER:

SC231151 (Scotland)

ACCOUNTANTS:

Robb Ferguson Chartered Accountants

Regent Court

70 West Regent Street

Glasgow

G2 2QZ

FIXED ASSETS

Tangible assets

4

6,282,351

5,340,471

CURRENT ASSETS

Stocks

169,000

37,420

Debtors

5

3,229,580

3,474,596

Cash at bank

259,042

407,271

3,657,622

3,919,287

CREDITORS

Amounts falling due within one year

6

2,090,235

1,840,812

NET CURRENT ASSETS

1,567,387

2,078,475

TOTAL ASSETS LESS CURRENT LIABILITIES

7,849,738

7,418,946

CREDITORS

Amounts falling due after more than one year

7

(1,957,108

)

(1,931,309

)

PROVISIONS FOR LIABILITIES

(698,914

)

(578,124

)

NET ASSETS

5,193,716

4,909,513

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

5,193,616

4,909,413

SHAREHOLDERS' FUNDS

5,193,716

4,909,513

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 August 2026 and were signed by:

N J McLean - Director

1.	STATUTORY INFORMATION

Geo-Rope Ltd is a private company, limited by shares , registered in Scotland. 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.	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 stated net of VAT and trade discounts. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the statement of financial position date turnover represents the value of the service provided to the date based on a proportion of the total contract value. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Profit is recognised on long-term contracts, if the final outcome can be assessed with reasonable certainty, by including in the income statement turnover and related costs as contract activity progresses. Turnover is calculated by reference to the value of work performed to date as a proportion of the total contract value.

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.

Heritable property

-

2% on cost

Fixed plant and equipment

-

20% on reducing balance

Fixtures and fittings

-

15% on cost

Motor vehicles

-

15% 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.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

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 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.

Current or deferred taxation assets and liabilities are not discounted.

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.

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 23 (2024 - 23 ) .

4.	TANGIBLE FIXED ASSETS

Fixed

Fixtures

Heritable

plant and

and

Motor

property

equipment

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 September 2024

3,315,324

4,448,976

75,024

1,177,907

9,017,231

Additions

533,226

689,048

1,174

400,781

1,624,229

At 31 August 2025

3,848,550

5,138,024

76,198

1,578,688

10,641,460

DEPRECIATION

At 1 September 2024

335,541

2,732,718

61,219

547,282

3,676,760

Charge for year

71,639

432,275

4,551

173,884

682,349

At 31 August 2025

407,180

3,164,993

65,770

721,166

4,359,109

NET BOOK VALUE

At 31 August 2025

3,441,370

1,973,031

10,428

857,522

6,282,351

At 31 August 2024

2,979,783

1,716,258

13,805

630,625

5,340,471

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

Fixed

plant and

Motor

equipment

vehicles

Totals

£

£

£

COST

At 1 September 2024

1,885,396

686,413

2,571,809

Additions

575,246

367,632

942,878

At 31 August 2025

2,460,642

1,054,045

3,514,687

DEPRECIATION

At 1 September 2024

725,959

178,429

904,388

Charge for year

307,872

124,664

432,536

At 31 August 2025

1,033,831

303,093

1,336,924

NET BOOK VALUE

At 31 August 2025

1,426,811

750,952

2,177,763

At 31 August 2024

1,159,437

507,984

1,667,421

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,277,838

1,173,781

Application debtors

832,666

821,713

Other debtors

880,594

1,035,131

Tax

-

134,301

Directors' current accounts

8,047

-

VAT

204,375

136,191

Prepayments and accrued income

26,060

173,479

3,229,580

3,474,596

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

88,667

96,824

Hire purchase contracts (see note 8)

643,816

518,387

Trade creditors

940,768

1,114,404

Tax

87,848

-

Social security and other taxes

104,306

69,280

Other creditors

224,830

31,360

Directors' current accounts

-

10,557

2,090,235

1,840,812

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

47,000

88,491

Bank loans - 2-5 years

141,000

140,473

Bank loans more than 5 years

805,784

853,369

Hire purchase contracts (see note 8)

963,324

848,976

1,957,108

1,931,309

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

805,784

853,369

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

643,816

518,387

Between one and five years

963,324

848,976

1,607,140

1,367,363

Non-cancellable

operating leases

2025

2024

£

£

Within one year

1,762

1,618

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

1,082,451

1,179,157

Hire purchase contracts

1,607,140

1,367,363

2,689,591

2,546,520

Bank of Scotland Plc hold fixed and floating charges over the assets of the company in relation to the term loan facility provided.

10.	RELATED PARTY DISCLOSURES

Geo-Structural Limited

A company with common directors.

The company owed £141,643 to the related party at the balance sheet date (2024: £85,757).

Nialls Farm Limited

A company with common directors.

The company was due £18,930 from the related party at the balance sheet date (2024: £18,675).

Geo-Plant Limited

A company with common directors.

The company was due £1,982 from the related party at the balance sheet date (2024: £1,982).