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REGISTERED NUMBER: 12257838 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 October 2023

for

Genuine Parts Trading Limited

Genuine Parts Trading Limited (Registered number: 12257838)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Genuine Parts Trading Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Mr R P Ashford
Miss S Radhakrishnan





REGISTERED OFFICE: Northfield House
Shurdington Road
Bentham
Cheltenham
Gloucestershire
GL51 4UA





REGISTERED NUMBER: 12257838 (England and Wales)





ACCOUNTANTS: ARC & Co. Accountants Limited
Northfield House
Shurdington Road
Bentham
Cheltenham
Gloucestershire
GL51 4UA

Genuine Parts Trading Limited (Registered number: 12257838)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 853 1,272

CURRENT ASSETS
Debtors 5 59,473 197,801
Cash at bank 189,249 13,604
248,722 211,405
CREDITORS
Amounts falling due within one year 6 220,511 175,128
NET CURRENT ASSETS 28,211 36,277
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,064

37,549

CREDITORS
Amounts falling due after more than one
year

7

27,444

37,273
NET ASSETS 1,620 276

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 1,619 275
SHAREHOLDERS' FUNDS 1,620 276

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

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

Genuine Parts Trading Limited (Registered number: 12257838)

Balance Sheet - continued
31 October 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 Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by:





Miss S Radhakrishnan - Director


Genuine Parts Trading Limited (Registered number: 12257838)

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

1. STATUTORY INFORMATION

Genuine Parts Trading 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.
Computer equipment - 33% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - NIL ) .

Genuine Parts Trading Limited (Registered number: 12257838)

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 November 2022
and 31 October 2023 3,666
DEPRECIATION
At 1 November 2022 2,394
Charge for year 419
At 31 October 2023 2,813
NET BOOK VALUE
At 31 October 2023 853
At 31 October 2022 1,272

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 29,969 102,338
Provision for doubtful debts (11,176 ) (11,176 )
Other debtors 30,000 30,000
VAT 413 66,437
Prepayments 10,267 10,202
59,473 197,801

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors 184,910 154,039
Corporation tax 16,029 6,808
Directors' current accounts 121 13,281
Accrued expenses 19,451 1,000
220,511 175,128

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bounce back loan 27,444 37,273

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
1 Ordinary £1 1 1

Genuine Parts Trading Limited (Registered number: 12257838)

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

9. RESERVES
Retained
earnings
£   

At 1 November 2022 275
Profit for the year 61,344
Dividends (60,000 )
At 31 October 2023 1,619

10. RELATED PARTY DISCLOSURES

During the period a director, Miss S Radhakrishnan, made net withdrawals from her account of £13,160. The balance on her account at 31 October 2023 was £121 (2022 - £13,281).

11. ULTIMATE CONTROLLING PARTY

Miss S Radhakrishnan is the ultimate controlling party by virtue of her holding all of the company's issued share capital.