Company Registration No. 02566437 (England and Wales)
GENUS VEHICLE SOLUTIONS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024
31 March 2024
PAGES FOR FILING WITH REGISTRAR
PM+M Solutions for Business LLP
Chartered Accountants
New Century House
Greenbank Technology Park
Challenge Way
Blackburn
Lancashire
BB1 5QB
GENUS VEHICLE SOLUTIONS LTD
COMPANY INFORMATION
Directors
Mr N G Brain
Mrs K P Butschok
Company number
02566437
Registered office
Options House
Atkin Street
Worsley
Manchester
Greater Manchester
M28 3DG
Accountants
PM+M Solutions for Business LLP
New Century House
Greenbank Technology Park
Challenge Way
Blackburn
Lancashire
BB1 5QB
GENUS VEHICLE SOLUTIONS LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
GENUS VEHICLE SOLUTIONS LTD
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
4
545
545
Net current assets
545
545
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
445
445
Total equity
545
545

The notes on pages 2 to 3 form part of these financial statements.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 29 August 2024 and are signed on its behalf by:
Mr N G Brain
Director
Company registration number 02566437 (England and Wales)
GENUS VEHICLE SOLUTIONS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
1
Accounting policies
Company information

Genus Vehicle Solutions Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Options House, Atkin Street, Worsley, Manchester, Greater Manchester, M28 3DG.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
33% on cost
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
-
0
-
0
3
Tangible fixed assets
Computers
£
Cost
At 1 April 2023 and 31 March 2024
17,404
Depreciation and impairment
At 1 April 2023 and 31 March 2024
17,404
Carrying amount
At 31 March 2024
-
0
At 31 March 2023
-
0
GENUS VEHICLE SOLUTIONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
545
545
5
Parent company

The parent company is Leasing Options Limited, a company incorporated in England. The registered address of the parent company is Options House, Atkins Street, Manchester, M28 3DG. The ultimate controlling party is NG Brain by virtue of his controlling interest in Leasing Options Limited.

2024-03-312023-04-01false29 August 2024CCH SoftwareCCH Accounts Production 2024.100No description of principal activityMr N G BrainMrs K P Butschokfalsefalse025664372023-04-012024-03-31025664372024-03-3102566437bus:Director12023-04-012024-03-3102566437bus:Director22023-04-012024-03-3102566437bus:RegisteredOffice2023-04-012024-03-31025664372023-03-3102566437core:ShareCapital2024-03-3102566437core:ShareCapital2023-03-3102566437core:RetainedEarningsAccumulatedLosses2024-03-3102566437core:RetainedEarningsAccumulatedLosses2023-03-3102566437core:ComputerEquipment2023-04-012024-03-31025664372022-04-012023-03-3102566437core:ComputerEquipment2023-03-3102566437core:ComputerEquipment2024-03-3102566437core:ComputerEquipment2023-03-3102566437core:CurrentFinancialInstruments2023-03-3102566437bus:PrivateLimitedCompanyLtd2023-04-012024-03-3102566437bus:SmallCompaniesRegimeForAccounts2023-04-012024-03-3102566437bus:FRS1022023-04-012024-03-3102566437bus:AuditExemptWithAccountantsReport2023-04-012024-03-3102566437bus:FullAccounts2023-04-012024-03-31xbrli:purexbrli:sharesiso4217:GBP