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REGISTERED NUMBER: 09790404 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023

FOR

GENLE LIMITED

GENLE LIMITED (REGISTERED NUMBER: 09790404)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GENLE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTOR: Mr N P Hoath





REGISTERED OFFICE: Mercury House
19-21 Chapel Street
Marlow
Buckinghamshire
SL7 3HN





REGISTERED NUMBER: 09790404 (England and Wales)





ACCOUNTANTS: Richardson Jones
Chartered Accountants
Mercury House
19-21 Chapel Street
Marlow
Buckinghamshire
SL7 3HN

GENLE LIMITED (REGISTERED NUMBER: 09790404)

BALANCE SHEET
31ST MARCH 2023

31.3.23 31.3.22
as restated
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 958,444 901,171
Tangible assets 5 130,656 157,529
Investments 6 181,250 154,250
1,270,350 1,212,950

CURRENT ASSETS
Debtors 7 1,011,619 1,327,106
Cash at bank and in hand 523,509 725,948
1,535,128 2,053,054
CREDITORS
Amounts falling due within one year 8 1,748,118 2,055,164
NET CURRENT LIABILITIES (212,990 ) (2,110 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,057,360

1,210,840

CREDITORS
Amounts falling due after more than one year 9 (1,352,784 ) (1,901,049 )

PROVISIONS FOR LIABILITIES (196,880 ) (188,924 )
NET LIABILITIES (492,304 ) (879,133 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (492,404 ) (879,233 )
SHAREHOLDERS' FUNDS (492,304 ) (879,133 )

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

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

GENLE LIMITED (REGISTERED NUMBER: 09790404)

BALANCE SHEET - continued
31ST MARCH 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 15th November 2023 and were signed by:





Mr N P Hoath - Director


GENLE LIMITED (REGISTERED NUMBER: 09790404)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023

1. STATUTORY INFORMATION

Genle 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 as modified by the revaluation of certain assets.

The financial statements have been prepared on a going concern basis despite having a Net Deficit of £492,304 at 31.3.23. The director considers this appropriate whilst he is providing the working capital needed to enable the company to continue to trade, and will continue to provide such funding for the foreseeable future.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on cost
Computer equipment - at varying rates on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 52 (2022 - 56 ) .

GENLE LIMITED (REGISTERED NUMBER: 09790404)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£
COST
At 1st April 2022 1,314,183
Additions 199,364
At 31st March 2023 1,513,547
AMORTISATION
At 1st April 2022 413,012
Charge for year 142,091
At 31st March 2023 555,103
NET BOOK VALUE
At 31st March 2023 958,444
At 31st March 2022 901,171

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£ £ £
COST
At 1st April 2022 91,173 227,662 318,835
Additions 9,937 16,497 26,434
Disposals (2,477 ) (66,153 ) (68,630 )
At 31st March 2023 98,633 178,006 276,639
DEPRECIATION
At 1st April 2022 26,185 135,121 161,306
Charge for year 9,572 33,274 42,846
Eliminated on disposal (1,365 ) (56,804 ) (58,169 )
At 31st March 2023 34,392 111,591 145,983
NET BOOK VALUE
At 31st March 2023 64,241 66,415 130,656
At 31st March 2022 64,988 92,541 157,529

GENLE LIMITED (REGISTERED NUMBER: 09790404)

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

6. FIXED ASSET INVESTMENTS
Other
investments
£
COST OR VALUATION
At 1st April 2022 165,000
Revaluations 30,000
At 31st March 2023 195,000
PROVISIONS
At 1st April 2022 10,750

Impairments 3,000
At 31st March 2023 13,750
NET BOOK VALUE
At 31st March 2023 181,250
At 31st March 2022 154,250

Cost or valuation at 31st March 2023 is represented by:

Other
investments
£
Valuation in 2021 150,000
Valuation in 2022 15,000
Valuation in 2023 30,000
195,000

7. DEBTORS
31.3.23 31.3.22
as restated
£ £
Amounts falling due within one year:
Trade debtors 89,663 316,518
Other debtors 271,956 314,283
361,619 630,801

Amounts falling due after more than one year:
Other debtors 650,000 696,305

Aggregate amounts 1,011,619 1,327,106

GENLE LIMITED (REGISTERED NUMBER: 09790404)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
as restated
£ £
Bank loans and overdrafts 9,940 9,690
Trade creditors 496,897 965,373
Taxation and social security 269,630 296,722
Other creditors 971,651 783,379
1,748,118 2,055,164

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
as restated
£ £
Bank loans 22,408 32,360
Other creditors 1,330,376 1,868,689
1,352,784 1,901,049

10. ULTIMATE CONTROLLING PARTY

The controlling party is Genle Holdings Limited.

The ultimate controlling party is Mr N P Hoath.