IRIS Accounts Production v23.3.0.418 04332333 director 29.1.22 31.1.23 31.1.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh043323332022-01-28043323332023-01-31043323332022-01-292023-01-31043323332021-01-28043323332021-01-292022-01-28043323332022-01-2804332333ns10:Originalns15:EnglandWales2022-01-292023-01-3104332333ns14:PoundSterlingns10:Original2022-01-292023-01-3104332333ns10:Originalns10:Director12022-01-292023-01-3104332333ns10:Original2022-01-292023-01-3104332333ns10:Original2023-01-3104332333ns10:Originalns10:PrivateLimitedCompanyLtd2022-01-292023-01-3104332333ns10:Originalns10:SmallEntities2022-01-292023-01-3104332333ns10:Originalns10:AuditExempt-NoAccountantsReport2022-01-292023-01-3104332333ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-01-292023-01-3104332333ns10:SmallCompaniesRegimeForAccountsns10:Original2022-01-292023-01-3104332333ns10:Originalns10:FullAccounts2022-01-292023-01-3104332333ns10:Originalns10:OrdinaryShareClass12022-01-292023-01-3104332333ns10:Originalns10:RegisteredOffice2022-01-292023-01-3104332333ns10:Original2022-01-2804332333ns10:Originalns5:CurrentFinancialInstruments2023-01-3104332333ns10:Originalns5:CurrentFinancialInstruments2022-01-2804332333ns10:Originalns5:Non-currentFinancialInstruments2023-01-3104332333ns10:Originalns5:Non-currentFinancialInstruments2022-01-2804332333ns5:ShareCapitalns10:Original2023-01-3104332333ns5:ShareCapitalns10:Original2022-01-2804332333ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-01-3104332333ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-01-2804332333ns10:Originalns5:PlantMachinery2022-01-292023-01-3104332333ns10:Originalns5:FurnitureFittings2022-01-292023-01-3104332333ns10:Originalns5:MotorVehicles2022-01-292023-01-3104332333ns10:Original2021-01-292022-01-2804332333ns10:Originalns5:PlantMachinery2022-01-2804332333ns10:Originalns5:FurnitureFittings2022-01-2804332333ns10:Originalns5:MotorVehicles2022-01-2804332333ns10:Original2022-01-2804332333ns10:Originalns5:PlantMachinery2023-01-3104332333ns10:Originalns5:FurnitureFittings2023-01-3104332333ns10:Originalns5:MotorVehicles2023-01-3104332333ns10:Originalns5:PlantMachinery2022-01-2804332333ns10:Originalns5:FurnitureFittings2022-01-2804332333ns10:Originalns5:MotorVehicles2022-01-2804332333ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-01-292023-01-3104332333ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-01-3104332333ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3104332333ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-01-2804332333ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-01-3104332333ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-01-2804332333ns10:Originalns5:DeferredTaxation2022-01-2804332333ns10:Originalns5:DeferredTaxation2023-01-3104332333ns10:Originalns10:OrdinaryShareClass12023-01-3104332333ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-01-2804332333ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-01-292023-01-3104332333ns10:Original1ns10:Director12022-01-2804332333ns10:Original1ns10:Director12021-01-2804332333ns10:Original1ns10:Director12022-01-292023-01-3104332333ns10:Original1ns10:Director12021-01-292022-01-2804332333ns10:Original1ns10:Director12023-01-3104332333ns10:Original1ns10:Director12022-01-28
REGISTERED NUMBER: 04332333 (England and Wales)















Unaudited Financial Statements

for the Period 29 January 2022 to 31 January 2023

for

Genus Softworks Limited

Genus Softworks Limited (Registered number: 04332333)






Contents of the Financial Statements
for the Period 29 January 2022 to 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Genus Softworks Limited

Company Information
for the Period 29 January 2022 to 31 January 2023







DIRECTOR: Mr M D Coles





REGISTERED OFFICE: Fretherne Nurseries
Fretherne
Saul
Gloucester
GL2 7JF





REGISTERED NUMBER: 04332333 (England and Wales)





ACCOUNTANTS: ARC & Co. Accountants Limited
Northfield House
Shurdington Road
Bentham
Cheltenham
Gloucestershire
GL51 4UA

Genus Softworks Limited (Registered number: 04332333)

Balance Sheet
31 January 2023

31.1.23 28.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 98,575 63,494

CURRENT ASSETS
Stocks 5 114,783 68,329
Debtors 6 75,702 89,479
Cash at bank and in hand 10,011 80,445
200,496 238,253
CREDITORS
Amounts falling due within one year 7 272,661 213,368
NET CURRENT (LIABILITIES)/ASSETS (72,165 ) 24,885
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,410

88,379

CREDITORS
Amounts falling due after more than one
year

8

(42,461

)

(35,678

)

PROVISIONS FOR LIABILITIES 10 - (12,064 )
NET (LIABILITIES)/ASSETS (16,051 ) 40,637

CAPITAL AND RESERVES
Called up share capital 11 2 2
Retained earnings 12 (16,053 ) 40,635
SHAREHOLDERS' FUNDS (16,051 ) 40,637

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

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

Genus Softworks Limited (Registered number: 04332333)

Balance Sheet - continued
31 January 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 October 2023 and were signed by:





Mr M D Coles - Director


Genus Softworks Limited (Registered number: 04332333)

Notes to the Financial Statements
for the Period 29 January 2022 to 31 January 2023

1. STATUTORY INFORMATION

Genus Softworks 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Going concern
The company continues to trade with the support of the director who does not envisage any going concern issues.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 18 (2022 - 13 ) .

Genus Softworks Limited (Registered number: 04332333)

Notes to the Financial Statements - continued
for the Period 29 January 2022 to 31 January 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 29 January 2022 94,466 36,201 67,178 197,845
Additions 42,530 16,308 - 58,838
At 31 January 2023 136,996 52,509 67,178 256,683
DEPRECIATION
At 29 January 2022 78,838 13,318 42,195 134,351
Charge for period 11,632 5,879 6,246 23,757
At 31 January 2023 90,470 19,197 48,441 158,108
NET BOOK VALUE
At 31 January 2023 46,526 33,312 18,737 98,575
At 28 January 2022 15,628 22,883 24,983 63,494

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
Additions 42,530
At 31 January 2023 42,530
DEPRECIATION
Charge for period 8,506
At 31 January 2023 8,506
NET BOOK VALUE
At 31 January 2023 34,024

5. STOCKS
31.1.23 28.1.22
£    £   
Stocks 114,783 68,329

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 28.1.22
£    £   
Trade debtors 44,128 89,479
Directors' current accounts 30,320 -
Corporation tax 1,254 -
75,702 89,479

Genus Softworks Limited (Registered number: 04332333)

Notes to the Financial Statements - continued
for the Period 29 January 2022 to 31 January 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 28.1.22
£    £   
Bank loans and overdrafts 9,894 9,630
Hire purchase contracts 8,787 9,742
Trade creditors 208,038 144,811
Corporation tax - 7,650
Social security and other taxes 9,820 6,807
VAT 34,118 32,795
Pension control 1,004 -
Directors' current accounts - 933
Accruals 1,000 1,000
272,661 213,368

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.23 28.1.22
£    £   
Bank loans 24,947 34,857
Hire purchase contracts 17,514 821
42,461 35,678

9. SECURED DEBTS

The following secured debts are included within creditors:

31.1.23 28.1.22
£    £   
Hire purchase contracts 26,301 10,563

The hire purchase contracts are secured upon the assets to which they relate.

10. PROVISIONS FOR LIABILITIES
31.1.23 28.1.22
£    £   
Deferred tax - 12,064

Deferred
tax
£   
Balance at 29 January 2022 12,064
Balance at 31 January 2023 12,064

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 28.1.22
value: £    £   
2 Ordinary £1 2 2

Genus Softworks Limited (Registered number: 04332333)

Notes to the Financial Statements - continued
for the Period 29 January 2022 to 31 January 2023

12. RESERVES
Retained
earnings
£   

At 29 January 2022 40,635
Deficit for the period (56,688 )
At 31 January 2023 (16,053 )

13. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 January 2023 and the year ended 28 January 2022:

31.1.23 28.1.22
£    £   
Mr M D Coles
Balance outstanding at start of period - -
Amounts advanced 30,320 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 30,320 -

Interest has been charged on the overdrawn amounts at the appropriate rates.

14. ULTIMATE CONTROLLING PARTY

Mr M D Coles is the ultimate controlling party by virtue of his holding all of the company's issued share capital.