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REGISTERED NUMBER: 07940870 (England and Wales)












Unaudited Financial Statements

for the Year Ended 28 February 2023

for

Genserv Engineering Ltd

Genserv Engineering Ltd (Registered number: 07940870)






Contents of the Financial Statements
for the year ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Genserv Engineering Ltd

Company Information
for the year ended 28 February 2023







DIRECTOR: Mr A R King





REGISTERED OFFICE: Top Floor
Claridon House
London Road
Stanford Le Hope
Essex
SS17 0JU





REGISTERED NUMBER: 07940870 (England and Wales)





ACCOUNTANTS: Vortex Accountants Limited
Top Floor
Claridon House
London Road
Stanford Le Hope
Essex
SS17 0JU

Genserv Engineering Ltd (Registered number: 07940870)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,203 6,801

CURRENT ASSETS
Stocks 5 1,000 500
Debtors 6 439,000 460,000
Cash at bank 13,172 15,381
453,172 475,881
CREDITORS
Amounts falling due within one year 7 7,835 9,507
NET CURRENT ASSETS 445,337 466,374
TOTAL ASSETS LESS CURRENT
LIABILITIES

450,540

473,175

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 450,538 473,173
SHAREHOLDERS' FUNDS 450,540 473,175

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

Genserv Engineering Ltd (Registered number: 07940870)

Balance Sheet - continued
28 February 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 director and authorised for issue on 2 November 2023 and were signed by:





Mr A R King - Director


Genserv Engineering Ltd (Registered number: 07940870)

Notes to the Financial Statements
for the year ended 28 February 2023

1. STATUTORY INFORMATION

Genserv Engineering Ltd 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, 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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - Straight line over 5 years
Motor vehicles - 25% on reducing balance
Computer equipment - 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Genserv Engineering Ltd (Registered number: 07940870)

Notes to the Financial Statements - continued
for the year ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2022
and 28 February 2023 4,000 10,000 27,441 932 42,373
DEPRECIATION
At 1 March 2022 3,700 7,952 23,040 880 35,572
Charge for year 75 410 1,100 13 1,598
At 28 February 2023 3,775 8,362 24,140 893 37,170
NET BOOK VALUE
At 28 February 2023 225 1,638 3,301 39 5,203
At 28 February 2022 300 2,048 4,401 52 6,801

5. STOCKS
2023 2022
£    £   
Stocks 1,000 500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 439,000 460,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 1,099 -
Social security and other taxes 220 342
VAT 3,407 170
Directors' current accounts 1,094 6,980
Accrued expenses 2,015 2,015
7,835 9,507

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr A R King.