Geomant UK Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05323859 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

GEOMANT UK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K F Ross

S Marsh

F A Vecsei

REGISTERED OFFICE:

Turnpike Gate House

Alcester Heath

Alcester

Warwickshire

B49 5JG

REGISTERED NUMBER:

05323859 (England and Wales)

ACCOUNTANTS:

Crowe U.K. LLP

Chartered Accountants

Black Country House

Rounds Green Road

Oldbury

West Midlands

B69 2DG

FIXED ASSETS

Intangible assets

4

1,735

4,648

Tangible assets

5

3,514

3,149

5,249

7,797

CURRENT ASSETS

Debtors

6

489,305

278,122

Cash at bank and in hand

443,377

317,403

932,682

595,525

CREDITORS

Amounts falling due within one year

7

640,764

365,602

NET CURRENT ASSETS

291,918

229,923

TOTAL ASSETS LESS CURRENT LIABILITIES

297,167

237,720

CREDITORS

Amounts falling due after more than one year

8

3

3

NET ASSETS

297,164

237,717

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

296,164

236,717

SHAREHOLDERS' FUNDS

297,164

237,717

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 19 September 2018 and were signed on its behalf by:

K F Ross - Director

1.	STATUTORY INFORMATION

Geomant UK 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover comprises revenue recognised by the company in respect of goods and services

supplied during the year, exclusive of Value Added Tax and trade discounts.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment

losses.

Computer software is being amortised evenly over its estimated useful life of two years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

50% on cost

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of

exchange ruling at the balance sheet date. Transactions in foreign currencies are translated

into sterling at the rate of exchange ruling at the date of transaction. Exchange differences

are taken into account in arriving at the operating result.

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.

Going concern

The company has cash resources and has no requirement for external funding. The

directors have a reasonable expectation that the company has adequate resources to

continue in operational existence for the foreseeable future. They continue to believe the

going concern basis appropriate in preparing the annual financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2016 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 January 2017

19,510

Disposals

(13,685

)

At 31 December 2017

5,825

AMORTISATION

At 1 January 2017

14,862

Amortisation for year

2,913

Eliminated on disposal

(13,685

)

At 31 December 2017

4,090

NET BOOK VALUE

At 31 December 2017

1,735

At 31 December 2016

4,648

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2017

9,659

55,452

65,111

Additions

2,201

2,257

4,458

Disposals

-

(10,757

)

(10,757

)

At 31 December 2017

11,860

46,952

58,812

DEPRECIATION

At 1 January 2017

9,659

52,303

61,962

Charge for year

734

3,359

4,093

Eliminated on disposal

-

(10,757

)

(10,757

)

At 31 December 2017

10,393

44,905

55,298

NET BOOK VALUE

At 31 December 2017

1,467

2,047

3,514

At 31 December 2016

-

3,149

3,149

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

476,758

265,832

Amounts owed by participating interests

12,547

12,190

Other debtors

-

100

489,305

278,122

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

92,653

113,689

Amounts owed to participating interests

133,977

-

Corporation tax

9,480

9,260

Social security and other taxes

12,697

13,308

VAT

157,602

105,306

Other creditors

1,461

2,028

Credit card

188

545

Accrued expenses

232,706

121,466

640,764

365,602

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Preference shares

3

3

9.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting

Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of

Ireland', not to disclose related party transactions with wholly owned subsidiaries within the

group.

10.	ULTIMATE CONTROLLING PARTY