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REGISTERED NUMBER: 12177275 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 31 December 2022

for

Genu Prima Limited

Genu Prima Limited (Registered number: 12177275)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Genu Prima Limited

Company Information
for the Year Ended 31 December 2022







Directors: J J Morgan
F N Rees





Secretary:





Registered office: Unit 16
Albion Industrial Estate
Cilfynydd Road
Pontypridd
RCT
CF37 4NX





Registered number: 12177275 (England and Wales)





Accountants: Curtis Bowden & Thomas Limited
Chartered Certified Accountants
101 Dunraven Street
Tonypandy
CF40 1AR

Genu Prima Limited (Registered number: 12177275)

Balance Sheet
31 December 2022

31.12.22 31.12.21
Notes £    £    £    £   
Fixed assets
Tangible assets 4 58,500 63,583

Current assets
Stocks and WIP 40,000 30,000
Debtors 5 351,507 103,588
Cash at bank 16,418 19,875
407,925 153,463
Creditors
Amounts falling due within one year 6 386,829 218,728
Net current assets/(liabilities) 21,096 (65,265 )
Total assets less current liabilities 79,596 (1,682 )

Creditors
Amounts falling due after more than one
year

7

(7,250

)

(10,250

)

Provisions for liabilities (11,115 ) -
Net assets/(liabilities) 61,231 (11,932 )

Capital and reserves
Called up share capital 100 100
Retained earnings 61,131 (12,032 )
61,231 (11,932 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Genu Prima Limited (Registered number: 12177275)

Balance Sheet - continued
31 December 2022


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 Board of Directors and authorised for issue on 5 February 2024 and were signed on its behalf by:





J J Morgan - Director


Genu Prima Limited (Registered number: 12177275)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. Statutory information

Genu Prima 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks and wip to their present location and condition.

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.

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 13 (2021 - 10 ) .

Genu Prima Limited (Registered number: 12177275)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

4. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 January 2022 72,226
Additions 12,071
At 31 December 2022 84,297
Depreciation
At 1 January 2022 8,643
Charge for year 17,154
At 31 December 2022 25,797
Net book value
At 31 December 2022 58,500
At 31 December 2021 63,583

The total above includes assets at cost of £27,335, carried at a net book value of £17,511 (2021 : £23,348) financed under hire purchase agreements. The depreciation charge for the year was £5,837 (2021 : £3,986) The total balance of hire purchase liabilities stands at £12,361 (2021: £15,979)

5. Debtors: amounts falling due within one year
31.12.22 31.12.21
£    £   
Trade debtors 211,507 101,937
Other debtors 140,000 1,651
351,507 103,588

6. Creditors: amounts falling due within one year
31.12.22 31.12.21
£    £   
Hire purchase contracts 3,000 3,000
Trade creditors 92,131 -
Taxation and social security 73,200 10,299
Other creditors 218,498 205,429
386,829 218,728

7. Creditors: amounts falling due after more than one year
31.12.22 31.12.21
£    £   
Hire purchase contracts 7,250 10,250

8. Related party disclosures

Included within Other creditors is a loan of £155,000 (2021 : £175,000) received from a company controlled by Mr J Morgan, company director. This loan is interest free and re-payable on demand.

Genu Prima Limited (Registered number: 12177275)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

9. Ultimate controlling party

The company is controlled by the directors.