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REGISTERED NUMBER: 09790404 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2022

FOR

GENLE LIMITED

GENLE LIMITED (REGISTERED NUMBER: 09790404)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GENLE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2022







DIRECTOR: Mr N P Hoath





REGISTERED OFFICE: Mercury House
19-21 Chapel Street
Marlow
Buckinghamshire
SL7 3HN





REGISTERED NUMBER: 09790404 (England and Wales)





ACCOUNTANTS: Richardson Jones
Chartered Accountants
Mercury House
19-21 Chapel Street
Marlow
Buckinghamshire
SL7 3HN

GENLE LIMITED (REGISTERED NUMBER: 09790404)

BALANCE SHEET
31ST MARCH 2022

31.3.22 31.3.21
as restated
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 901,171 820,336
Tangible assets 5 157,529 174,868
Investments 6 194,250 142,250
1,252,950 1,137,454

CURRENT ASSETS
Debtors 7 1,327,106 1,221,566
Cash at bank and in hand 725,948 656,327
2,053,054 1,877,893
CREDITORS
Amounts falling due within one year 8 2,055,164 1,737,188
NET CURRENT (LIABILITIES)/ASSETS (2,110 ) 140,705
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,250,840

1,278,159

CREDITORS
Amounts falling due after more than one
year

9

(1,901,049

)

(2,058,181

)

PROVISIONS FOR LIABILITIES (188,924 ) (174,144 )
NET LIABILITIES (839,133 ) (954,166 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (839,233 ) (954,266 )
SHAREHOLDERS' FUNDS (839,133 ) (954,166 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2022 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.

GENLE LIMITED (REGISTERED NUMBER: 09790404)

BALANCE SHEET - continued
31ST MARCH 2022


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 6th September 2022 and were signed by:





Mr N P Hoath - Director


GENLE LIMITED (REGISTERED NUMBER: 09790404)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2022

1. STATUTORY INFORMATION

Genle 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 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 as modified by the revaluation of certain assets.

The financial statements have been prepared on a going concern basis despite having a Net Deficit of £1,344,651 at 31.3.20. The director considers this appropriate whilst he is providing the working capital needed to enable the company to continue to trade, and will continue to provide such funding for the foreseeable future.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 ten 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 - 10% on cost
Computer equipment - at varying rates on cost

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 56 (2021 - 48 ) .

GENLE LIMITED (REGISTERED NUMBER: 09790404)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2022

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£
COST
At 1st April 2021 1,110,855
Additions 203,328
At 31st March 2022 1,314,183
AMORTISATION
At 1st April 2021 290,519
Charge for year 122,493
At 31st March 2022 413,012
NET BOOK VALUE
At 31st March 2022 901,171
At 31st March 2021 820,336

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£ £ £
COST
At 1st April 2021 71,614 220,214 291,828
Additions 19,559 7,448 27,007
At 31st March 2022 91,173 227,662 318,835
DEPRECIATION
At 1st April 2021 17,842 99,118 116,960
Charge for year 8,343 36,003 44,346
At 31st March 2022 26,185 135,121 161,306
NET BOOK VALUE
At 31st March 2022 64,988 92,541 157,529
At 31st March 2021 53,772 121,096 174,868

GENLE LIMITED (REGISTERED NUMBER: 09790404)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2022

6. FIXED ASSET INVESTMENTS
Other
investments
£
COST OR VALUATION
At 1st April 2021 150,000
Revaluations 55,000
At 31st March 2022 205,000
PROVISIONS
At 1st April 2021 7,750

Impairments 3,000
At 31st March 2022 10,750
NET BOOK VALUE
At 31st March 2022 194,250
At 31st March 2021 142,250

Cost or valuation at 31st March 2022 is represented by:

Other
investments
£
Valuation in 2021 150,000
Valuation in 2022 55,000
205,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
as restated
£ £
Trade debtors 316,518 201,828
Other debtors 1,010,588 1,019,738
1,327,106 1,221,566

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
as restated
£ £
Bank loans and overdrafts 9,690 8,333
Trade creditors 965,373 735,174
Taxation and social security 296,722 344,575
Other creditors 783,379 649,106
2,055,164 1,737,188

GENLE LIMITED (REGISTERED NUMBER: 09790404)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2022

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.22 31.3.21
as restated
£ £
Bank loans 32,360 41,667
Other creditors 1,868,689 2,016,514
1,901,049 2,058,181

10. ULTIMATE CONTROLLING PARTY

The controlling party is Genle Holdings Limited.

The ultimate controlling party is Mr N P Hoath.