Company Registration No. 05895400 (England and Wales)
Geek - Guru Ltd
Unaudited accounts
for the year ended 31 March 2023
Geek - Guru Ltd
Unaudited accounts
Contents
Geek - Guru Ltd
Company Information
for the year ended 31 March 2023
Directors
Mark Salvin
Scott Kean
Michael Hobbs
Company Number
05895400 (England and Wales)
Registered Office
29b Reedswood Lane
Walsall
WS2 8QW
Accountants
Wellington Consulting Ltd
Fairview
St Owens Cross
Hereford
Herefordshire
HR2 8LG
Geek - Guru Ltd
Statement of financial position
as at 31 March 2023
Tangible assets
4,930
43,530
Cash at bank and in hand
49,391
167,752
Creditors: amounts falling due within one year
(69,051)
(44,215)
Net current assets
179,139
191,364
Total assets less current liabilities
184,069
234,894
Creditors: amounts falling due after more than one year
(21,517)
(63,818)
Net assets
162,552
171,076
Called up share capital
2
2
Profit and loss account
162,550
171,074
Shareholders' funds
162,552
171,076
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 December 2023 and were signed on its behalf by
Scott Kean
Director
Company Registration No. 05895400
Geek - Guru Ltd
Notes to the Accounts
for the year ended 31 March 2023
Geek - Guru Ltd is a private company, limited by shares, registered in England and Wales, registration number 05895400. The registered office is 29b Reedswood Lane, Walsall, WS2 8QW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on reducing balance basis
Motor vehicles
25% on reducing balance basis
Computer equipment
Straight line over 4 years
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2022
9,078
83,619
-
18,522
111,219
Additions
-
-
2,067
1,337
3,404
Disposals
-
(83,619)
-
-
(83,619)
At 31 March 2023
9,078
-
2,067
19,859
31,004
At 1 April 2022
5,909
43,258
-
18,522
67,689
Charge for the year
792
-
517
334
1,643
On disposals
-
(43,258)
-
-
(43,258)
At 31 March 2023
6,701
-
517
18,856
26,074
At 31 March 2023
2,377
-
1,550
1,003
4,930
At 31 March 2022
3,169
40,361
-
-
43,530
Geek - Guru Ltd
Notes to the Accounts
for the year ended 31 March 2023
Carrying values included above held under finance leases and hire purchase contracts:
£
£
Amounts falling due within one year
Trade debtors
32,449
51,177
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,075
10,075
Trade creditors
28,746
8,480
Taxes and social security
(24,061)
(5,922)
Loans from directors
-
726
Deferred income
13,350
9,750
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
-
32,226
8
Transactions with related parties
The consultancy fees paid include £33,333 paid to PC Logix Ltd - another company in the group. A management charge was made by Orbital 10 Ltd for £15,000 of which Geek-Guru Ltd is a wholly owned subsidiary.
Geek-Guru Ltd is a wholly owned subsidiary of Orbital 10 Ltd. A company registered in England No. 13227744.
10
Average number of employees
During the year the average number of employees was 5 (2022: 7).
