Badley Geoscience Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04590729

BADLEY GEOSCIENCE LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 March 2026

BADLEY GEOSCIENCE LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2026

	2026		2025
Note	£	£	£

Fixed assets

Tangible assets	5	4,665	5,316
Investments	6	1	1
		-------	-------
		4,666	5,317

Current assets

Stocks		2,400	2,400
Debtors	7	614,361	879,409
Cash at bank and in hand		481,336	237,793
		-------------	-------------
		1,098,097	1,119,602

Creditors: amounts falling due within one year	8	372,970		457,222
		-------------		-------------
Net current assets			725,127	662,380
			----------	----------
Total assets less current liabilities			729,793	667,697

Provisions

Taxation including deferred tax	1,167	834
	----------	----------
Net assets	728,626	666,863
	----------	----------

BADLEY GEOSCIENCE LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2026

	2026		2025
Note	£	£	£

Capital and reserves

Called up share capital	1,333	1,333
Capital redemption reserve	8,667	8,667
Profit and loss account	718,626	656,863
	----------	----------
Shareholders funds	728,626	666,863
	----------	----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 30 September 2026 , and are signed on behalf of the board by:

A Foster	Dr D Quinn
Director	Director

Company registration number: 04590729

BADLEY GEOSCIENCE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is North Beck House, North Beck Lane, Hundleby, Spilsby, Lincolnshire, PE23 5NB.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	25% Reducing balance and 50% Straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Other financial instruments, including derivatives, are recognised at fair value, with any subsequent changes to fair value recognised in profit or loss.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 11 (2025: 10 ).

5. Tangible assets

	Equipment	Total
	£	£
Cost
At 1 April 2025	35,899	35,899
Additions	3,952	3,952
	---------	---------
At 31 March 2026	39,851	39,851
	---------	---------
Depreciation
At 1 April 2025	30,583	30,583
Charge for the year	4,603	4,603
	---------	---------
At 31 March 2026	35,186	35,186
	---------	---------
Carrying amount
At 31 March 2026	4,665	4,665
	---------	---------
At 31 March 2025	5,316	5,316
	---------	---------

6. Investments

	Other investments other than loans
	£
Cost
At 1 April 2025 and 31 March 2026	18,750
	---------
Impairment
At 1 April 2025 and 31 March 2026	18,749
	---------

Carrying amount
At 31 March 2026	1
	---------
At 31 March 2025	1
	---------

7. Debtors

	2026	2025
	£	£
Trade debtors	268,546	385,332
Amounts owed by group undertakings and undertakings in which the company has a participating interest	281,859	431,859
Other debtors	63,956	62,218
	----------	----------
	614,361	879,409
	----------	----------

8. Creditors: amounts falling due within one year

	2026	2025
	£	£
Trade creditors	1,788	8,474
Corporation tax	67,094	1,969
Social security and other taxes	8,601	10,341
Other creditors	295,487	436,438
	----------	----------
	372,970	457,222
	----------	----------

9. Related party transactions

No transactions with related parties subsisted during the period, such as are required to be disclosed under FRS102 (Section 1A).

10. Controlling party

100% of the company's ordinary issued share capital is owned by Badley Geoscience Holdings Limited. The company is ultimately controlled by the directors.