GENESIS WEALTH MANAGEMENT LTD | |
UNAUDITED FINANCIAL STATEMENTS | |
FOR THE YEAR ENDED 31 DECEMBER 2023 | |
Company registered number: |
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STATEMENT OF FINANCIAL POSITION AT |
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Note | 2023 | 2022 | |||
£ | £ | £ | |||
FIXED ASSETS | |||||
Property, plant and equipment | |||||
Investments held as fixed assets | |||||
CURRENT ASSETS | |||||
Debtors | |||||
Financial assets | |||||
Cash at bank and in hand | |||||
CREDITORS: Amounts falling due within one year | |||||
NET CURRENT ASSETS | |||||
NET ASSETS | £ |
£ |
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CAPITAL AND RESERVES | |||||
Called up share capital | |||||
Retained earnings | |||||
SHAREHOLDERS' FUNDS | £ |
£ |
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In approving these financial statements as directors of the company we hereby confirm the following: | |||
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. | |||
The financial statements were approved and authorised for issue by the board of directors on |
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Signed on behalf of the board of directors | |||
The notes on pages 2-6 form part of these financial statements | |
page 1 | |
GENESIS WEALTH MANAGEMENT LTD | |||
NOTES TO THE ACCOUNTS | |||
FOR THE YEAR ENDED 31 DECEMBER 2023 |
1. | SIGNIFICANT ACCOUNTING POLICIES | ||
1a. | Statement of compliance | |||
Registered office: | ||||
Manchester M3 6BZ |
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These financial statements are the first financial statements that comply with FRS 102. The date of transition is 1 January 2023. | ||||
Basis of accounting | ||||
1c. | Revenue recognition | |||
1d. | Borrowing costs | |||
1e. | Taxation | |||
The notes on pages 2-6 form part of these financial statements | |
page 2 | |
GENESIS WEALTH MANAGEMENT LTD | |||
NOTES TO THE ACCOUNTS (CONT.) | |||
FOR THE YEAR ENDED 31 DECEMBER 2023 |
1. | SIGNIFICANT ACCOUNTING POLICIES (CONT.) |
1f. | Property, plant and equipment | ||
Plant and machinery | |||
Vehicles | |||
Fixtures and fittings | |||
Equipment |
1g. | Short term debtors and creditors | |||
1h. | Cash and cash equivalents | |||
1i. | Interest bearing borrowings | |||
1j. | Leased assets | |||
1k. | Foreign currencies | |||
The notes on pages 2-6 form part of these financial statements | |
page 3 | |
GENESIS WEALTH MANAGEMENT LTD | |||
NOTES TO THE ACCOUNTS (CONT.) | |||
FOR THE YEAR ENDED 31 DECEMBER 2023 |
1. | SIGNIFICANT ACCOUNTING POLICIES (CONT.) |
1l. | Employee benefits | |||
1m. | Discontinued operations | |||
1n. | Provisions | |||
1o. | Judgements and key sources of estimation uncertainty | |||
2. | DIRECTORS AND EMPLOYEES | ||
The average weekly number of employees during the year were as follows: | |||
2023 | 2022 | ||
No. | No. | ||
Production and sales | |||
The notes on pages 2-6 form part of these financial statements | |
page 4 | |
GENESIS WEALTH MANAGEMENT LTD | |||
NOTES TO THE ACCOUNTS (CONT.) | |||
FOR THE YEAR ENDED 31 DECEMBER 2023 |
3. | PROPERTY, PLANT AND EQUIPMENT | |||
Plant & | Fixtures & | |||
Machinery | Equipment | Total | ||
£ | £ | £ | ||
Cost | ||||
At 1 January 2023 | ||||
Additions other than through business combinations | ||||
At 31 December 2023 | ||||
Depreciation | ||||
At 1 January 2023 | ||||
For the year | ||||
At 31 December 2023 | ||||
Net Book Amounts | ||||
At 31 December 2023 | ||||
At 31 December 2022 | ||||
4. | INVESTMENTS HELD AS FIXED ASSETS | |||
Other | ||||
Loans to | investments | |||
group | Other than | |||
undertakings | loans | Total | ||
£ | £ | £ | ||
Cost or valuation | ||||
At 1 January 2023 | ||||
Additions | ||||
At 31 December 2023 | ||||
Amounts written off | ||||
At 31 December 2023 | ||||
Net Book Amounts | ||||
At 31 December 2023 | ||||
At 31 December 2022 | ||||
The notes on pages 2-6 form part of these financial statements | |
page 5 | |
GENESIS WEALTH MANAGEMENT LTD | |||
NOTES TO THE ACCOUNTS (CONT.) | |||
FOR THE YEAR ENDED 31 DECEMBER 2023 |
5. | FINANCIAL ASSETS | 2023 | 2022 |
£ | £ | ||
Listed investments | |||
£ |
£ |
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The notes on pages 2-6 form part of these financial statements | |
page 6 |