IRIS Accounts Production v23.1.0.753 11532849 director 1.4.22 31.3.23 31.3.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure115328492022-03-31115328492023-03-31115328492022-04-012023-03-31115328492021-03-31115328492021-04-012022-03-31115328492022-03-3111532849ns16:EnglandWales2022-04-012023-03-3111532849ns15:PoundSterling2022-04-012023-03-3111532849ns11:Director12022-04-012023-03-3111532849ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3111532849ns11:SmallEntities2022-04-012023-03-3111532849ns11:AuditExemptWithAccountantsReport2022-04-012023-03-3111532849ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3111532849ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3111532849ns11:FullAccounts2022-04-012023-03-311153284912022-04-012023-03-3111532849ns11:RegisteredOffice2022-04-012023-03-3111532849ns6:CurrentFinancialInstruments2023-03-3111532849ns6:CurrentFinancialInstruments2022-03-3111532849ns6:Non-currentFinancialInstruments2023-03-3111532849ns6:Non-currentFinancialInstruments2022-03-3111532849ns6:ShareCapital2023-03-3111532849ns6:ShareCapital2022-03-3111532849ns6:RetainedEarningsAccumulatedLosses2023-03-3111532849ns6:RetainedEarningsAccumulatedLosses2022-03-3111532849ns6:NetGoodwill2022-04-012023-03-3111532849ns6:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3111532849ns6:PlantMachinery2022-04-012023-03-3111532849ns6:FurnitureFittings2022-04-012023-03-3111532849ns6:MotorVehicles2022-04-012023-03-3111532849ns6:ComputerEquipment2022-04-012023-03-3111532849ns6:NetGoodwill2022-03-3111532849ns6:NetGoodwill2023-03-3111532849ns6:NetGoodwill2022-03-3111532849ns6:PlantMachinery2022-03-3111532849ns6:FurnitureFittings2022-03-3111532849ns6:MotorVehicles2022-03-3111532849ns6:ComputerEquipment2022-03-3111532849ns6:PlantMachinery2023-03-3111532849ns6:FurnitureFittings2023-03-3111532849ns6:MotorVehicles2023-03-3111532849ns6:ComputerEquipment2023-03-3111532849ns6:PlantMachinery2022-03-3111532849ns6:FurnitureFittings2022-03-3111532849ns6:MotorVehicles2022-03-3111532849ns6:ComputerEquipment2022-03-3111532849ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3111532849ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-3111532849ns6:BetweenOneTwoYearsns6:Non-currentFinancialInstruments2023-03-3111532849ns6:BetweenOneTwoYearsns6:Non-currentFinancialInstruments2022-03-3111532849ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2023-03-3111532849ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2022-03-3111532849ns11:Director112022-03-3111532849ns11:Director112021-03-3111532849ns11:Director112022-04-012023-03-3111532849ns11:Director112021-04-012022-03-3111532849ns11:Director112023-03-3111532849ns11:Director112022-03-31
REGISTERED NUMBER: 11532849 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Genevieve Edwards Limited

Genevieve Edwards Limited (Registered number: 11532849)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 9

Genevieve Edwards Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Ms G Edwards



REGISTERED OFFICE: Unit 3 Cedar Court
1 Royal Oak Yard
London
SE1 3GA



REGISTERED NUMBER: 11532849 (England and Wales)



ACCOUNTANTS: ElanTax.com
Unit 3 Cedar Court
1 Royal Oak Yard
London
SE1 3GA



BANKERS: Lloyds Bank Plc
Chelmsford 77/81
High Street
Essex
CM1 1JS

Genevieve Edwards Limited (Registered number: 11532849)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 549,502 583,845
Tangible assets 5 97,029 141,786
646,531 725,631

CURRENT ASSETS
Stocks 6 7,390 7,328
Debtors 7 33,580 24,267
Cash at bank and in hand 243,540 206,341
284,510 237,936
CREDITORS
Amounts falling due within one year 8 165,866 204,326
NET CURRENT ASSETS 118,644 33,610
TOTAL ASSETS LESS CURRENT
LIABILITIES

765,175

759,241

CREDITORS
Amounts falling due after more than one
year

9

(516,588

)

(566,487

)

PROVISIONS FOR LIABILITIES (13,540 ) (22,515 )
NET ASSETS 235,047 170,239

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 234,947 170,139
235,047 170,239

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Genevieve Edwards Limited (Registered number: 11532849)

Balance Sheet - continued
31 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 28 November 2023 and were signed by:





Ms G Edwards - Director


Genevieve Edwards Limited (Registered number: 11532849)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Genevieve Edwards 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of twenty years.

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.

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 - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

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.


Genevieve Edwards Limited (Registered number: 11532849)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 686,877
AMORTISATION
At 1 April 2022 103,032
Amortisation for year 34,343
At 31 March 2023 137,375
NET BOOK VALUE
At 31 March 2023 549,502
At 31 March 2022 583,845

Genevieve Edwards Limited (Registered number: 11532849)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 203,035 21,005 26,900 24,684 275,624
Additions 195 5,372 - 4,674 10,241
Disposals - - (26,900 ) - (26,900 )
At 31 March 2023 203,230 26,377 - 29,358 258,965
DEPRECIATION
At 1 April 2022 102,767 7,805 9,684 13,582 133,838
Charge for year 25,115 3,714 - 8,953 37,782
Eliminated on disposal - - (9,684 ) - (9,684 )
At 31 March 2023 127,882 11,519 - 22,535 161,936
NET BOOK VALUE
At 31 March 2023 75,348 14,858 - 6,823 97,029
At 31 March 2022 100,268 13,200 17,216 11,102 141,786

6. STOCKS
31.3.23 31.3.22
£    £   
Stocks 7,390 7,328

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 14,311 7,804
Rent deposit 2,679 2,679
Other debtors 8,939 4,039
Prepayments 7,651 9,745
33,580 24,267

Genevieve Edwards Limited (Registered number: 11532849)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts (see note 10) 57,178 57,178
Trade creditors 14,983 21,851
Tax 49,241 45,130
Social security and other taxes 2,836 3,172
Net wages 3,351 700
Pension control account 521 575
Other creditors 8,694 31,884
Associate fees control account 27,863 18,968
Directors' current accounts 1,154 24,823
Accrued expenses 45 45
165,866 204,326

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans (see note 10) 480,266 514,038
Other loans (see note 10) 31,667 41,668
Hire purchase contracts 4,655 10,781
516,588 566,487

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 251,554 285,326

10. LOANS

An analysis of the maturity of loans is given below:

31.3.23 31.3.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 57,178 57,178

Amounts falling due between one and two years:
Bank loans - 1-2 years 57,178 57,178

Amounts falling due between two and five years:
Bank loans - 2-5 years 171,534 171,534
Bounce back loan - 2-5 years 31,667 41,668
203,201 213,202

Amounts falling due in more than five years:

Genevieve Edwards Limited (Registered number: 11532849)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

10. LOANS - continued
31.3.23 31.3.22
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more 5 yr by instal 251,554 285,326

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
Ms G Edwards
Balance outstanding at start of year (24,823 ) (68,126 )
Amounts advanced 91,094 121,248
Amounts repaid (67,426 ) (77,945 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,155 ) (24,823 )

Genevieve Edwards Limited

Report of the Accountants to the Director of
Genevieve Edwards Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2023 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






ElanTax.com
Unit 3 Cedar Court
1 Royal Oak Yard
London
SE1 3GA


Date: .............................................