Company Registration No. 07836504 (England and Wales)
GENUINE CENTRE LTD
Amended Unaudited accounts
for the year ended 30 November 2023
GENUINE CENTRE LTD
Amended Unaudited accounts
Contents
GENUINE CENTRE LTD
Company Information
for the year ended 30 November 2023
Directors
Imtiyaz Omer
Makbul Mohamadbhai
Company Number
07836504 (England and Wales)
Registered Office
UNIT A2, HARRISON TRADING ESTATE
LONGWORTH STREET
PRESTON
PR1 5DL
ENGLAND
Accountants
SMART ACCOUNTING (NW) LTD
239 RIBBLETON LANE
PRESTON
PR1 5EA
GENUINE CENTRE LTD
Statement of financial position
as at 30 November 2023
Tangible assets
34,301
31,448
Inventories
654,159
473,203
Cash at bank and in hand
309,024
701,330
Creditors: amounts falling due within one year
(894,371)
(617,883)
Net current assets
416,114
1,122,970
Net assets
450,415
1,154,418
Called up share capital
100
100
Profit and loss account
450,315
1,154,318
Shareholders' funds
450,415
1,154,418
For the year ending 30 November 2023 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 directors acknowledge their 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 of Directors and authorised for issue on 8 June 2024 and were signed on its behalf by
Imtiyaz Omer
Director
Company Registration No. 07836504
GENUINE CENTRE LTD
Notes to the Accounts
for the year ended 30 November 2023
GENUINE CENTRE LTD is a private company, limited by shares, registered in England and Wales, registration number 07836504. The registered office is UNIT A2, HARRISON TRADING ESTATE, LONGWORTH STREET, PRESTON, PR1 5DL, ENGLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
20% on WDV
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 December 2022
2,707
-
38,587
13,262
54,556
Additions
3,022
4,448
345
3,613
11,428
At 30 November 2023
5,729
4,448
38,932
16,875
65,984
At 1 December 2022
541
-
14,019
8,548
23,108
Charge for the year
1,038
890
4,982
1,665
8,575
At 30 November 2023
1,579
890
19,001
10,213
31,683
At 30 November 2023
4,150
3,558
19,931
6,662
34,301
At 30 November 2022
2,166
-
24,568
4,714
31,448
GENUINE CENTRE LTD
Notes to the Accounts
for the year ended 30 November 2023
Amounts falling due within one year
Trade debtors
91,529
310,547
Accrued income and prepayments
85,472
85,472
Other debtors
152,000
152,000
6
Investments held as current assets
2023
2022
Listed investments
10,000
10,000
Unlisted investments
8,301
8,301
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
184,166
107,411
Trade creditors
349,243
199,572
Taxes and social security
41,573
46,790
Proposed dividends
-
4,000
Loans from directors
85,420
14,274
8
Average number of employees
During the year the average number of employees was 13 (2022: 13).