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Company Registration No. 08452811 (England and Wales)
Gen 11 Limited Unaudited accounts for the year ended 31 March 2024
Gen 11 Limited Unaudited accounts Contents
Page
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Gen 11 Limited Company Information for the year ended 31 March 2024
Director
T Erdos
Company Number
08452811 (England and Wales)
Registered Office
8 Felsted Caldecotte Milton Keynes MK7 8FE
Accountants
Times Accountancy Services Limited Alcala Rectory Lane Woodmansterne Surrey SM7 3NY
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Gen 11 Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,326 
11,028 
Current assets
Inventories
9,950 
9,950 
Debtors
- 
1,158 
Cash at bank and in hand
253 
1,550 
10,203 
12,658 
Creditors: amounts falling due within one year
(7,162)
(9,496)
Net current assets
3,041 
3,162 
Total assets less current liabilities
7,367 
14,190 
Creditors: amounts falling due after more than one year
(12,567)
(18,357)
Net liabilities
(5,200)
(4,167)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(5,300)
(4,267)
Shareholders' funds
(5,200)
(4,167)
For the year ending 31 March 2024 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 6 August 2024 and were signed on its behalf by
T Erdos Director Company Registration No. 08452811
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Gen 11 Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Gen 11 Limited is a private company, limited by shares, registered in England and Wales, registration number 08452811. The registered office is 8 Felsted, Caldecotte, Milton Keynes, MK7 8FE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
Motor vehicles
20% straight line
Going concern
The director will continue to support the company and consequently these accounts have been prepared on a going concern basis.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
810 
26,000 
26,810 
At 31 March 2024
810 
26,000 
26,810 
Depreciation
At 1 April 2023
182 
15,600 
15,782 
Charge for the year
202 
6,500 
6,702 
At 31 March 2024
384 
22,100 
22,484 
Net book value
At 31 March 2024
426 
3,900 
4,326 
At 31 March 2023
628 
10,400 
11,028 
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Gen 11 Limited Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
1,158 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
1,393 
63 
Loans from directors
3,767 
7,558 
Accruals
2,002 
1,875 
7,162 
9,496 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
12,567 
18,357 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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