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REGISTERED NUMBER: 06082371 (England and Wales)












GENEO SOFTWARE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






GENEO SOFTWARE LIMITED (REGISTERED NUMBER: 06082371)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GENEO SOFTWARE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







Directors: Mr T J King
Mr R C Newton
Mr M D Radley
Mr C P Jones
Ms J Powell



Registered office: Dalton House
9 Dalton Square
LANCASTER
LA1 1WD



Business address: 7 The Parade
LEAMINGTON SPA
CV32 4DG



Registered number: 06082371 (England and Wales)



Accountants: Scott & Wilkinson
Dalton House
9 Dalton Square
LANCASTER
LA1 1WD



Bankers: Lloyds TSB Bank Plc
114-116 Colmore Row
BIRMINGHAM
B3 3BD

GENEO SOFTWARE LIMITED (REGISTERED NUMBER: 06082371)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 50,996 51,105

Current assets
Debtors 5 645,617 944,454
Prepayments and accrued income 8,465 6,719
Cash at bank 179,140 442,300
833,222 1,393,473
Creditors
Amounts falling due within one year 6 175,176 300,468
Net current assets 658,046 1,093,005
Total assets less current liabilities 709,042 1,144,110

Creditors
Amounts falling due after more than one
year

7

(108,333

)

(158,333

)

Provisions for liabilities - (9,711 )

Accruals and deferred income (258,392 ) (234,062 )
Net assets 342,317 742,004

Capital and reserves
Called up share capital 100 100
Retained earnings 342,217 741,904
342,317 742,004

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

GENEO SOFTWARE LIMITED (REGISTERED NUMBER: 06082371)

BALANCE SHEET - continued
31 MARCH 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 October 2023 and were signed on its behalf by:





Mr T J King - Director


GENEO SOFTWARE LIMITED (REGISTERED NUMBER: 06082371)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. Statutory information

Geneo Software 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable, for services provided in the normal course of business, net of discounts, rebates, value added tax and other sales taxes.

Turnover is recognised at a point in time when a performance obligation is satisfied by transferring a service to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 15% Reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

GENEO SOFTWARE LIMITED (REGISTERED NUMBER: 06082371)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


2. Accounting policies - continued

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 23 (2022 - 24 ) .

4. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 April 2022 104,740
Additions 28,008
Disposals (32,175 )
At 31 March 2023 100,573
Depreciation
At 1 April 2022 53,635
Charge for year 23,698
Eliminated on disposal (27,756 )
At 31 March 2023 49,577
Net book value
At 31 March 2023 50,996
At 31 March 2022 51,105

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 275,929 673,136
Amounts owed by group undertakings 13,563 111,378
Other debtors 356,125 159,940
645,617 944,454

GENEO SOFTWARE LIMITED (REGISTERED NUMBER: 06082371)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


6. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 50,000 50,000
Trade creditors 79,451 163,046
Taxation and social security 32,086 52,992
Other creditors 13,639 34,430
175,176 300,468

7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans 108,333 158,333

8. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
Mr T J King
Balance outstanding at start of year (5,397 ) (2,609 )
Amounts advanced 81,049 24,347
Amounts repaid (35,485 ) (27,135 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 40,167 (5,397 )

Mr R C Newton
Balance outstanding at start of year 971 3,347
Amounts advanced 3,085 1,021
Amounts repaid (39 ) (3,397 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,017 971

Mr C P Jones
Balance outstanding at start of year 2,558 (2 )
Amounts advanced 81 2,953
Amounts repaid (371 ) (393 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,268 2,558

Interest is charged on the Overdrawn Directors Loan Account at the Official rate of interest of 2%