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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
Page
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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
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GENUINE CENTRE LTD Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
34,301 
31,448 
Current assets
Inventories
654,159 
473,203 
Debtors
329,001 
548,019 
Investments
18,301 
18,301 
Cash at bank and in hand
309,024 
701,330 
1,310,485 
1,740,853 
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 
Capital and reserves
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
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GENUINE CENTRE LTD Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
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.
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
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 
Depreciation
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 
Net book value
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 
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GENUINE CENTRE LTD Notes to the Accounts for the year ended 30 November 2023
5
Debtors
2023 
2022 
£ 
£ 
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 
329,001 
548,019 
6
Investments held as current assets
2023 
2022 
£ 
£ 
Listed investments
10,000 
10,000 
Unlisted investments
8,301 
8,301 
18,301 
18,301 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
184,166 
107,411 
VAT
224,899 
217,519 
Trade creditors
349,243 
199,572 
Taxes and social security
41,573 
46,790 
Proposed dividends
- 
4,000 
Other creditors
- 
19,247 
Loans from directors
85,420 
14,274 
Accruals
9,070 
9,070 
894,371 
617,883 
8
Average number of employees
During the year the average number of employees was 13 (2022: 13).
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