GENERIX ASSOCIATES LIMITED

Company Registration Number:
08213111 (England and Wales)

Unaudited abridged accounts for the year ended 08 December 2023

Period of accounts

Start date: 01 October 2022

End date: 08 December 2023

GENERIX ASSOCIATES LIMITED

Contents of the Financial Statements

for the Period Ended 08 December 2023

Balance sheet
Notes

GENERIX ASSOCIATES LIMITED

Balance sheet

As at 08 December 2023


Notes

14 months to 8 December 2023

2022


£

£
Fixed assets
Tangible assets: 3 89,187 56,768
Total fixed assets: 89,187 56,768
Current assets
Debtors:   78,761 58,001
Cash at bank and in hand: 5 4,713
Total current assets: 78,766 62,714
Creditors: amounts falling due within one year:   (48,858) (53,761)
Net current assets (liabilities): 29,908 8,953
Total assets less current liabilities: 119,095 65,721
Creditors: amounts falling due after more than one year:   (44,836) (26,193)
Total net assets (liabilities): 74,259 39,528
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 74,159 39,428
Shareholders funds: 74,259 39,528

The notes form part of these financial statements

GENERIX ASSOCIATES LIMITED

Balance sheet statements

For the year ending 8 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 22 March 2024
and signed on behalf of the board by:

Name: Olufunke Abimbola Onamusi
Status: Director

The notes form part of these financial statements

GENERIX ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 08 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Tangible fixed assets and depreciation policy

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value,over the useful economic life of that asset as follows:Fittings fixtures and equipment - 10% reducing balanceMotor vehicles - 10% reducing balance

GENERIX ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 08 December 2023

2. Employees

14 months to 8 December 2023 2022
Average number of employees during the period 30 43

GENERIX ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 08 December 2023

3. Tangible Assets

Total
Cost £
At 01 October 2022 75,280
Additions 42,328
At 08 December 2023 117,608
Depreciation
At 01 October 2022 18,512
Charge for year 9,909
At 08 December 2023 28,421
Net book value
At 08 December 2023 89,187
At 30 September 2022 56,768