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REGISTERED NUMBER: 11383480 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2023

FOR

GENUS FACILITIES MANAGEMENT LIMITED

GENUS FACILITIES MANAGEMENT LIMITED (REGISTERED NUMBER: 11383480)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


GENUS FACILITIES MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2023







DIRECTORS: P J Clarkson
Mrs D Clarkson





REGISTERED OFFICE: 25 Redacre Close
Dutton
Warrington
WA4 4JU





REGISTERED NUMBER: 11383480 (England and Wales)





ACCOUNTANTS: Allens Accountants Limited
Chartered Accountants
123 Wellington Road South
Stockport
Cheshire
SK1 3TH

GENUS FACILITIES MANAGEMENT LIMITED (REGISTERED NUMBER: 11383480)

BALANCE SHEET
31ST MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 68,215 47,027

CURRENT ASSETS
Stocks 65,322 10,970
Debtors 5 404,027 312,800
469,349 323,770
CREDITORS
Amounts falling due within one year 6 424,643 271,497
NET CURRENT ASSETS 44,706 52,273
TOTAL ASSETS LESS CURRENT
LIABILITIES

112,921

99,300

CREDITORS
Amounts falling due after more than one
year

7

(93,511

)

(83,678

)

PROVISIONS FOR LIABILITIES 8 (7,968 ) (5,788 )
NET ASSETS 11,442 9,834

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 11,342 9,734
SHAREHOLDERS' FUNDS 11,442 9,834

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2023 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.

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 Statement of Income and Retained Earnings has not been delivered.

GENUS FACILITIES MANAGEMENT LIMITED (REGISTERED NUMBER: 11383480)

BALANCE SHEET - continued
31ST MAY 2023



The financial statements were approved by the Board of Directors and authorised for issue on 10th April 2024 and were signed on its behalf by:





Mrs D Clarkson - Director


GENUS FACILITIES MANAGEMENT LIMITED (REGISTERED NUMBER: 11383480)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2023

1. STATUTORY INFORMATION

Genus Facilities Management 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.

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have reached this conclusion giving due consideration to the projected future performance of the company and any potential risk that might impact the company's ability to meet its required solvency levels. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

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

Revenue from contracts for the provision of services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. Where this is not possible, the amount of revenue recognised is the probable amount to be recovered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance, 25% on cost and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
A financial asset or liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangement entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.


GENUS FACILITIES MANAGEMENT LIMITED (REGISTERED NUMBER: 11383480)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 14 (2022 - 11 ) .

GENUS FACILITIES MANAGEMENT LIMITED (REGISTERED NUMBER: 11383480)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st June 2022 66,373
Additions 37,795
At 31st May 2023 104,168
DEPRECIATION
At 1st June 2022 19,346
Charge for year 16,607
At 31st May 2023 35,953
NET BOOK VALUE
At 31st May 2023 68,215
At 31st May 2022 47,027

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1st June 2022 56,960
Additions 30,995
Transfer to ownership (5,975 )
At 31st May 2023 81,980
DEPRECIATION
At 1st June 2022 16,973
Charge for year 14,310
Transfer to ownership (3,980 )
At 31st May 2023 27,303
NET BOOK VALUE
At 31st May 2023 54,677
At 31st May 2022 39,987

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 228,897 166,321
Other debtors 175,130 146,479
404,027 312,800

GENUS FACILITIES MANAGEMENT LIMITED (REGISTERED NUMBER: 11383480)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 3,492 2,825
Hire purchase contracts and finance leases 13,293 7,958
Trade creditors 72,865 21,630
Taxation and social security 204,290 195,352
Other creditors 130,703 43,732
424,643 271,497

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 43,500 47,000
Hire purchase contracts and finance leases 50,011 35,879
Other creditors - 799
93,511 83,678

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 7,968 5,788

Deferred
tax
£   
Balance at 1st June 2022 5,788
Charge to Statement of Income and Retained Earnings during year 2,180
Balance at 31st May 2023 7,968

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100