Geoflex Global Solutions Limited Filleted Accounts Cover
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Company No. 10387775
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Geoflex Global Solutions Limited Directors Report Registrar
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The Directors present their report and the accounts for the year ended 30 September 2020.
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Principal activities
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Directors
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The Directors who served at any time during the year were as follows:
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C.M. Herdsman
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S.I. Herdsman
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Signed on behalf of the board
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S.I. Herdsman
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Director
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28 July 2021
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Geoflex Global Solutions Limited Balance Sheet Registrar
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at
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Company No.
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Notes
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2020
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2019
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£
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£
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Fixed assets
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Tangible assets
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4
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Current assets
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Stocks
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5
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Debtors
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6
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Cash at bank and in hand
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Creditors: Amount falling due within one year
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7
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(
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(
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Net current assets
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Total assets less current liabilities
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Provisions for liabilities
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Deferred taxation
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8
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(
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Net assets
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Capital and reserves
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Called up share capital
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Profit and loss account
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9
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Total equity
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As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
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Approved by the board on 28 July 2021
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And signed on its behalf by:
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S.I. Herdsman
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Director
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28 July 2021
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Geoflex Global Solutions Limited Notes to the Accounts Registrar
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for the year ended 30 September 2020
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1
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General information
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Its registered number is: 10387775
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Its registered office is:
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2
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Accounting policies
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Turnover
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Revenue from the sale of goods is recognised when all the following conditions are satisfied: • the Company has transferred to the buyer the significant risks and rewards of ownership of the goods; • the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; • the amount of revenue can be measured reliably; • it is probable that the economic benefits associated with the transaction will flow to the Company; and • the costs incurred or to be incurred in respect of the transaction can be measured reliably. Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed. |
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Tangible fixed assets and depreciation
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At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. |
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Plant and machinery
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Stocks
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When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs. Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses. |
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Trade and other debtors
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Trade and other creditors
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Foreign currencies
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3
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Employees
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2020
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2019
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Number
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Number
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The average monthly number of employees (including directors) during the year was:
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4
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Tangible fixed assets
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Plant and machinery
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Total
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£
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£
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Cost or revaluation
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At 1 October 2019
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Disposals
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(
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(
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At 30 September 2020
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Depreciation
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At 1 October 2019
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Charge for the year
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Disposals
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(
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(
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At 30 September 2020
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Net book values
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At 30 September 2020
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At 30 September 2019
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5
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Stocks
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2020
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2019
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£
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£
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Finished goods
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6
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Debtors
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2020
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2019
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£
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£
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Other debtors
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7
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Creditors:
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amounts falling due within one year
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2020
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2019
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£
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£
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Corporation tax
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Loans from directors
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Accruals and deferred income
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8
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Provisions for liabilities
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Deferred taxation
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Accelerated Capital Allowances, Losses and Other Timing Differences
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Total
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£
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£
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At 1 October 2019
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152
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Charge to the profit and loss account for the period
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(152)
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(
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2020
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2019
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£
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£
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Accelerated capital allowances
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9
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Reserves
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