1 August 2022 false Taxfiler 2023.10.1 12099112business:PrivateLimitedCompanyLtd2022-08-012023-07-31 120991122022-07-31 120991122022-08-012023-07-31 12099112business:AuditExemptWithAccountantsReport2022-08-012023-07-31 12099112business:FilletedAccounts2022-08-012023-07-31 120991122023-07-31 12099112business:Director12022-08-012023-07-31 12099112business:RegisteredOffice2022-08-012023-07-31 120991122022-07-31 12099112core:WithinOneYear2023-07-31 12099112core:WithinOneYear2022-07-31 12099112core:AfterOneYear2023-07-31 12099112core:AfterOneYear2022-07-31 12099112core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 12099112core:ShareCapitalcore:PreviouslyStatedAmount2022-07-31 12099112core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 12099112core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-07-31 12099112core:PreviouslyStatedAmount2023-07-31 12099112core:PreviouslyStatedAmount2022-07-31 12099112business:SmallEntities2022-08-012023-07-31 12099112countries:EnglandWales2022-08-012023-07-31 12099112core:PlantMachinery2022-07-31 12099112core:FurnitureFittings2022-07-31 12099112core:PlantMachinery2022-08-012023-07-31 12099112core:FurnitureFittings2022-08-012023-07-31 12099112core:PlantMachinery2023-07-31 12099112core:FurnitureFittings2023-07-31 120991122021-08-012022-07-31 iso4217:GBP xbrli:pure
Company Registration No. 12099112 (England and Wales)
GENESEES LTD Unaudited accounts for the year ended 31 July 2023
GENESEES LTD Unaudited accounts Contents
Page
- 2 -
GENESEES LTD Company Information for the year ended 31 July 2023
Director
Mrs Adeola Subuola SOFOLUWE
Company Number
12099112 (England and Wales)
Registered Office
209 THE HEIGHTS NORTHOLT UB5 4BX ENGLAND
Accountants
IRTS Business Solutions Limited 209 The Heights Northolt Middlesex UB5 4BX
- 3 -
GENESEES LTD Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
13,211 
4,819 
Current assets
Debtors
27,550 
40,392 
Cash at bank and in hand
104,186 
13,947 
131,736 
54,339 
Creditors: amounts falling due within one year
(73,846)
(15,034)
Net current assets
57,890 
39,305 
Total assets less current liabilities
71,101 
44,124 
Creditors: amounts falling due after more than one year
(63,011)
(42,163)
Net assets
8,090 
1,961 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
7,090 
961 
Shareholders' funds
8,090 
1,961 
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 November 2023 and were signed on its behalf by
Mrs Adeola Subuola SOFOLUWE Director Company Registration No. 12099112
- 4 -
GENESEES LTD Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
GENESEES LTD is a private company, limited by shares, registered in England and Wales, registration number 12099112. The registered office is 209 THE HEIGHTS, NORTHOLT, UB5 4BX, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2022
799 
4,020 
4,819 
Additions
- 
9,356 
9,356 
At 31 July 2023
799 
13,376 
14,175 
Depreciation
Charge for the year
160 
804 
964 
At 31 July 2023
160 
804 
964 
Net book value
At 31 July 2023
639 
12,572 
13,211 
At 31 July 2022
799 
4,020 
4,819 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
- 
12,842 
Other debtors
27,550 
27,550 
27,550 
40,392 
- 5 -
GENESEES LTD Notes to the Accounts for the year ended 31 July 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
38,639 
9,895 
Other creditors
31,427 
- 
Loans from directors
2,976 
4,659 
Accruals
804 
480 
73,846 
15,034 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
63,011 
42,163 
8
Average number of employees
During the year the average number of employees was 20 (2022: 12).
- 6 -