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REGISTERED NUMBER: 13576726 (England and Wales)














ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

GENEX STONES LONDON LTD

GENEX STONES LONDON LTD (REGISTERED NUMBER: 13576726)

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










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


GENEX STONES LONDON LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTOR: Mr Bernard Mouchantef





REGISTERED OFFICE: c/o Michael Filiou Ltd
Salisbury House
81 High Street
Potters Bar
Hertfordshire
EN6 5AS





REGISTERED NUMBER: 13576726 (England and Wales)





ACCOUNTANTS: Michael Filiou Ltd
Chartered Certified Accountants
www.michaelfiliou.com
Salisbury House
81 High Street
Potters Bar
Hertfordshire
EN6 5AS

GENEX STONES LONDON LTD (REGISTERED NUMBER: 13576726)

ABRIDGED BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 131,655 96,904

CURRENT ASSETS
Stocks 363,855 253,724
Debtors 372,881 228,401
Cash at bank 294,096 87,761
1,030,832 569,886
CREDITORS
Amounts falling due within one year 288,700 63,467
NET CURRENT ASSETS 742,132 506,419
TOTAL ASSETS LESS CURRENT
LIABILITIES

873,787

603,323

CREDITORS
Amounts falling due after more than one
year

720,507

595,540
NET ASSETS 153,280 7,783

CAPITAL AND RESERVES
Called up share capital 5 1,000 1,000
Retained earnings 6 152,280 6,783
SHAREHOLDER FUNDS 153,280 7,783

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

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

GENEX STONES LONDON LTD (REGISTERED NUMBER: 13576726)

ABRIDGED BALANCE SHEET - continued
31 AUGUST 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 August 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 4 November 2023 and were signed by:





Mr Bernard Mouchantef - Director


GENEX STONES LONDON LTD (REGISTERED NUMBER: 13576726)

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


1. STATUTORY INFORMATION

Genex Stones London 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.

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.
Land and buildings - not provided
Plant and machinery etc - 25% straight line and 20% straight line

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

GENEX STONES LONDON LTD (REGISTERED NUMBER: 13576726)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2022 106,394
Additions 78,229
At 31 August 2023 184,623
DEPRECIATION
At 1 September 2022 9,490
Charge for year 43,478
At 31 August 2023 52,968
NET BOOK VALUE
At 31 August 2023 131,655
At 31 August 2022 96,904

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary shares 1 1,000 1,000

6. RESERVES
Retained
earnings
£   

At 1 September 2022 6,783
Profit for the year 224,497
Dividends (79,000 )
At 31 August 2023 152,280

7. RELATED PARTY DISCLOSURES

Genex Marmi & Graniti S.r.l
Genex Marmi & Graniti Srl is a company incorporated in Italy and controlled by immediate family members of the director, Mr Bernard Mouchantef.

During the period, the company purchased goods amounting to £152,216.37 from Genex Marmi & Graniti S.r.l, The goods purchased were on an arms length basis. The company repaid £27249.39.

At the reporting date, the company owed £720,506.49 to Genex Marmi & Graniti S.r.l.

GENEX STONES LONDON LTD (REGISTERED NUMBER: 13576726)

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


8. ULTIMATE CONTROLLING PARTY

The Controlling party is the director Mr B Mouchantef, by virtue of his 100% share holding.