REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 29 January 2022 to 31 January 2023 |
for |
Genus Softworks Limited |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Stocks | 5 |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | 10 | ( |
) |
NET (LIABILITIES)/ASSETS | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 11 |
Retained earnings | 12 | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
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 |
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 |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
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 |
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 |
Additions |
At 31 January 2023 |
DEPRECIATION |
At 29 January 2022 |
Charge for period |
At 31 January 2023 |
NET BOOK VALUE |
At 31 January 2023 |
At 28 January 2022 |
Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Plant and |
machinery |
£ |
COST |
Additions |
At 31 January 2023 |
DEPRECIATION |
Charge for period |
At 31 January 2023 |
NET BOOK VALUE |
At 31 January 2023 |
5. | STOCKS |
31.1.23 | 28.1.22 |
£ | £ |
Stocks |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.23 | 28.1.22 |
£ | £ |
Trade debtors |
Directors' current accounts | 30,320 | - |
Corporation tax |
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 |
Hire purchase contracts |
Trade creditors |
Corporation tax |
Social security and other taxes |
VAT | 34,118 | 32,795 |
Pension control |
Directors' current accounts | - | 933 |
Accruals |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.1.23 | 28.1.22 |
£ | £ |
Bank loans |
Hire purchase contracts |
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 |
Balance at 31 January 2023 |
11. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.1.23 | 28.1.22 |
value: | £ | £ |
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 |
Deficit for the period | ( |
) |
At 31 January 2023 | ( |
) |
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 |
£ | £ |
Balance outstanding at start of period |
Amounts advanced |
Amounts repaid |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of period |
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. |