Company Registration No. 08346334 (England and Wales)
Gen-Lec Limited
Unaudited accounts
for the year ended 31 January 2023
Gen-Lec Limited
Unaudited accounts
Contents
Gen-Lec Limited
Company Information
for the year ended 31 January 2023
Company Number
08346334 (England and Wales)
Registered Office
THE CORNER HOUSE
Beaumont Road
Church Stretton
SHROPSHIRE
SY6 6BN
Accountants
S A Acc'y Ltd
The Corner House
4 Beaumont Road
Church Stretton
Shropshire
SY6 6BN
Gen-Lec Limited
Statement of financial position
as at 31 January 2023
Tangible assets
26,329
7,606
Inventories
348,606
306,469
Cash at bank and in hand
24,656
14,568
Creditors: amounts falling due within one year
(981,139)
(959,809)
Net current assets
91,999
27,592
Total assets less current liabilities
118,328
35,198
Creditors: amounts falling due after more than one year
(95,907)
-
Provisions for liabilities
Deferred tax
(5,002)
(1,445)
Called up share capital
100
100
Profit and loss account
17,319
33,653
Shareholders' funds
17,419
33,753
For the year ending 31 January 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 director acknowledges his 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 and authorised for issue on 23 March 2023 and were signed on its behalf by
A Childs
Director
Company Registration No. 08346334
Gen-Lec Limited
Notes to the Accounts
for the year ended 31 January 2023
Gen-Lec Limited is a private company, limited by shares, registered in England and Wales, registration number 08346334. The registered office is THE CORNER HOUSE, Beaumont Road, Church Stretton, SHROPSHIRE, SY6 6BN.
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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% per annum on reducing balance
Motor vehicles
25% per annum on cost
Fixtures & fittings
25% per annum on reducing balance
Final Dividends Were Voted And Paid At £320 per share. Total Paid £32000.
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 February 2022
5,000
65,070
70,070
At 31 January 2023
32,500
65,070
97,570
At 1 February 2022
5,000
57,464
62,464
Charge for the year
6,875
1,902
8,777
At 31 January 2023
11,875
59,366
71,241
At 31 January 2023
20,625
5,704
26,329
At 31 January 2022
-
7,606
7,606
Gen-Lec Limited
Notes to the Accounts
for the year ended 31 January 2023
Amounts falling due within one year
Trade debtors
699,876
646,888
Accrued income and prepayments
-
19,476
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
376,489
359,592
Obligations under finance leases and hire purchase contracts
6,600
-
Trade creditors
516,212
510,208
Taxes and social security
81,019
75,713
Loans from directors
819
13,092
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
17,600
-
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 6 (2022: 6).