Company Registration No. 08200207 (England and Wales)
Genuine Progress Ltd
Unaudited accounts
for the year ended 30 September 2023
Genuine Progress Ltd
Unaudited accounts
Contents
Genuine Progress Ltd
Company Information
for the year ended 30 September 2023
Company Number
08200207 (England and Wales)
Registered Office
Iona, Wootton Road
Tiptoe
Lymington
Hampshire
SO41 6FU
England
Accountants
Easy Accountants
New Forest Enterprise Centre
Rushington Business Park
Totton
Hampshire
SO40 9LA
Genuine Progress Ltd
Statement of financial position
as at 30 September 2023
Tangible assets
22,354
208
Cash at bank and in hand
77,634
166,918
Creditors: amounts falling due within one year
(34,853)
(59,923)
Net current assets
42,781
106,995
Called up share capital
10
10
Profit and loss account
65,125
107,193
Shareholders' funds
65,135
107,203
For the year ending 30 September 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 16 November 2023 and were signed on its behalf by
Anne Hazlerigg
Director
Company Registration No. 08200207
Genuine Progress Ltd
Notes to the Accounts
for the year ended 30 September 2023
Genuine Progress Ltd is a private company, limited by shares, registered in England and Wales, registration number 08200207. The registered office is Iona, Wootton Road, Tiptoe, Lymington, Hampshire, SO41 6FU, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Computer equipment
25% Reducing Balance
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 October 2022
-
-
1,083
1,083
Additions
27,946
1,650
-
29,596
At 30 September 2023
27,946
1,650
1,083
30,679
At 1 October 2022
-
-
875
875
Charge for the year
6,986
412
52
7,450
At 30 September 2023
6,986
412
927
8,325
At 30 September 2023
20,960
1,238
156
22,354
At 30 September 2022
-
-
208
208
Genuine Progress Ltd
Notes to the Accounts
for the year ended 30 September 2023
5
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
178
155
Taxes and social security
8,252
35,603
Loans from directors
17,189
8,763
6
Average number of employees
During the year the average number of employees was 2 (2022: 2).