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Company Registration No. 12323995 (England and Wales)
GEN2 CONSTRUCTION LTD Unaudited accounts for the year ended 30 November 2023
GEN2 CONSTRUCTION LTD Unaudited accounts Contents
Page
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GEN2 CONSTRUCTION LTD Company Information for the year ended 30 November 2023
Directors
Mr P O Wakeman Neil Barry Simmonds
Company Number
12323995 (England and Wales)
Registered Office
Bawtry Hall South Parade Bawtry, Doncaster DN10 6JH England
Accountants
D&K Accounting Ltd Beehive Offices Bawtry Hall Bawtry DN10 6JH
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GEN2 CONSTRUCTION LTD Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,033 
1,052 
Current assets
Debtors
45,067 
28,050 
Cash at bank and in hand
26,696 
36,208 
71,763 
64,258 
Creditors: amounts falling due within one year
(42,372)
1,899 
Net current assets
29,391 
66,157 
Total assets less current liabilities
31,424 
67,209 
Creditors: amounts falling due after more than one year
(31,248)
(35,205)
Net assets
176 
32,004 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
76 
31,904 
Shareholders' funds
176 
32,004 
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 21 August 2024 and were signed on its behalf by
Mr P O Wakeman Director Company Registration No. 12323995
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GEN2 CONSTRUCTION LTD Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
GEN2 CONSTRUCTION LTD is a private company, limited by shares, registered in England and Wales, registration number 12323995. The registered office is Bawtry Hall South Parade, Bawtry, Doncaster, DN10 6JH, 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
25% on Cost
Fixtures & fittings
25% on Cost
Computer equipment
25% on Cost
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 December 2022
576 
- 
594 
1,170 
Additions
- 
813 
516 
1,329 
At 30 November 2023
576 
813 
1,110 
2,499 
Depreciation
At 1 December 2022
60 
- 
58 
118 
Charge for the year
144 
34 
170 
348 
At 30 November 2023
204 
34 
228 
466 
Net book value
At 30 November 2023
372 
779 
882 
2,033 
At 30 November 2022
516 
- 
536 
1,052 
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GEN2 CONSTRUCTION LTD Notes to the Accounts for the year ended 30 November 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
17,017 
- 
Other debtors
28,050 
28,050 
45,067 
28,050 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
657 
4,976 
VAT
19,825 
(7,300)
Taxes and social security
65,957 
14,403 
Other creditors
1,995 
- 
Loans from directors
(46,062)
(14,728)
Accruals
- 
750 
42,372 
(1,899)
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
31,248 
35,205 
8
Average number of employees
During the year the average number of employees was 6 (2022: 1).
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