REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 30 April 2024 |
for |
Genesis RX 411 Ltd. |
DRAFT |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 30 April 2024 |
for |
Genesis RX 411 Ltd. |
Genesis RX 411 Ltd. (Registered number: SC322492) |
Contents of the Financial Statements |
for the Year Ended 30 April 2024 |
DRAFT |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Genesis RX 411 Ltd. |
Company Information |
for the Year Ended 30 April 2024 |
DRAFT |
DIRECTOR: |
SECRETARY: | Ms K Pirie |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Accountants |
9 Carmelite Street |
Banff |
Aberdeenshire |
AB45 1AF |
Genesis RX 411 Ltd. (Registered number: SC322492) |
Balance Sheet |
30 April 2024 |
30.4.24 | 30.4.23 |
Notes | £ | £ | £ | £ |
DRAFT |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
The director acknowledges his responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
Genesis RX 411 Ltd. (Registered number: SC322492) |
Balance Sheet - continued |
30 April 2024 |
DRAFT |
The financial statements were approved by the director and authorised for issue on |
Genesis RX 411 Ltd. (Registered number: SC322492) |
Notes to the Financial Statements |
for the Year Ended 30 April 2024 |
DRAFT |
1. | STATUTORY INFORMATION |
Genesis RX 411 Ltd. is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents the amounts (excluding value added tax) derived from the provision of goods to customers. Revenue is recognised at the point of sale. |
Tangible fixed assets |
Fishing vessel | - |
Marine equipment | - |
Computer equipment | - |
Tangible fixed assets are included at cost less depreciation and impairment. The residual value is reassessed at the end of each accounting period. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
Genesis RX 411 Ltd. (Registered number: SC322492) |
Notes to the Financial Statements - continued |
for the Year Ended 30 April 2024 |
DRAFT |
4. | INTANGIBLE FIXED ASSETS |
Other |
intangible |
assets |
£ |
COST |
At 1 May 2023 |
and 30 April 2024 |
AMORTISATION |
At 1 May 2023 |
Charge for year |
At 30 April 2024 |
NET BOOK VALUE |
At 30 April 2024 |
At 30 April 2023 |
The intangible asset value comprises of a fishing licence. |
5. | TANGIBLE FIXED ASSETS |
Fishing | Marine | Computer |
vessel | equipment | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 May 2023 |
Additions |
At 30 April 2024 |
DEPRECIATION |
At 1 May 2023 |
Charge for year |
At 30 April 2024 |
NET BOOK VALUE |
At 30 April 2024 |
At 30 April 2023 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.24 | 30.4.23 |
£ | £ |
VAT |
Prepayments |
Genesis RX 411 Ltd. (Registered number: SC322492) |
Notes to the Financial Statements - continued |
for the Year Ended 30 April 2024 |
DRAFT |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.24 | 30.4.23 |
£ | £ |
Trade creditors |
Tax |
Directors' current accounts | 4,267 | 1,034 |
Accrued expenses |
8. | ULTIMATE CONTROLLING PARTY |
The controlling party is Mr G W Downie. |