IRIS Accounts Production v24.3.0.553 06082371 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh060823712023-03-31060823712024-03-31060823712023-04-012024-03-31060823712022-03-31060823712022-04-012023-03-31060823712023-03-3106082371ns15:EnglandWales2023-04-012024-03-3106082371ns14:PoundSterling2023-04-012024-03-3106082371ns10:Director12023-04-012024-03-3106082371ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3106082371ns10:SmallEntities2023-04-012024-03-3106082371ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3106082371ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3106082371ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3106082371ns10:FullAccounts2023-04-012024-03-3106082371ns10:Director22023-04-012024-03-3106082371ns10:Director32023-04-012024-03-3106082371ns10:Director42023-04-012024-03-3106082371ns10:Director52023-04-012024-03-3106082371ns10:RegisteredOffice2023-04-012024-03-3106082371ns5:CurrentFinancialInstruments2024-03-3106082371ns5:CurrentFinancialInstruments2023-03-3106082371ns5:Non-currentFinancialInstruments2024-03-3106082371ns5:Non-currentFinancialInstruments2023-03-3106082371ns5:ShareCapital2024-03-3106082371ns5:ShareCapital2023-03-3106082371ns5:RetainedEarningsAccumulatedLosses2024-03-3106082371ns5:RetainedEarningsAccumulatedLosses2023-03-3106082371ns5:PlantMachinery2023-04-012024-03-3106082371ns5:PlantMachinery2023-03-3106082371ns5:PlantMachinery2024-03-3106082371ns5:PlantMachinery2023-03-3106082371ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3106082371ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31060823711ns10:Director12023-03-31060823711ns10:Director12022-03-31060823711ns10:Director12023-04-012024-03-31060823711ns10:Director12022-04-012023-03-31060823711ns10:Director12024-03-31060823711ns10:Director12023-03-3106082371ns10:Director222023-03-3106082371ns10:Director222022-03-3106082371ns10:Director222023-04-012024-03-3106082371ns10:Director222022-04-012023-03-3106082371ns10:Director222024-03-3106082371ns10:Director222023-03-3106082371ns10:Director442023-03-3106082371ns10:Director442022-03-3106082371ns10:Director442023-04-012024-03-3106082371ns10:Director442022-04-012023-03-3106082371ns10:Director442024-03-3106082371ns10:Director442023-03-3106082371ns10:Director332023-03-3106082371ns10:Director332022-03-3106082371ns10:Director332023-04-012024-03-3106082371ns10:Director332022-04-012023-03-3106082371ns10:Director332024-03-3106082371ns10:Director332023-03-31
REGISTERED NUMBER: 06082371 (England and Wales)












GENEO SOFTWARE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






GENEO SOFTWARE LIMITED (REGISTERED NUMBER: 06082371)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GENEO SOFTWARE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







Directors: Mr T J King
Mr R C Newton
Mr M D Radley
Mr C P Jones
Ms J Powell



Registered office: Dalton House
9 Dalton Square
LANCASTER
LA1 1WD



Business address: 7 The Parade
LEAMINGTON SPA
CV32 4DG



Registered number: 06082371 (England and Wales)



Accountants: Xeinadin
Dalton House
9 Dalton Square
LANCASTER
LA1 1WD



Bankers: Lloyds TSB Bank Plc
114-116 Colmore Row
BIRMINGHAM
B3 3BD

GENEO SOFTWARE LIMITED (REGISTERED NUMBER: 06082371)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 27,724 50,996

Current assets
Debtors 5 687,604 645,617
Prepayments and accrued income 27,527 8,465
Cash at bank 179,508 179,140
894,639 833,222
Creditors
Amounts falling due within one year 6 305,638 175,176
Net current assets 589,001 658,046
Total assets less current liabilities 616,725 709,042

Creditors
Amounts falling due after more than one
year

7

(58,333

)

(108,333

)

Accruals and deferred income (282,234 ) (258,392 )
Net assets 276,158 342,317

Capital and reserves
Called up share capital 100 100
Retained earnings 276,058 342,217
276,158 342,317

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

GENEO SOFTWARE LIMITED (REGISTERED NUMBER: 06082371)

BALANCE SHEET - continued
31 MARCH 2024


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 October 2024 and were signed on its behalf by:





Mr T J King - Director


GENEO SOFTWARE LIMITED (REGISTERED NUMBER: 06082371)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. Statutory information

Geneo Software Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable, for services provided in the normal course of business, net of discounts, rebates, value added tax and other sales taxes.

Turnover is recognised at a point in time when a performance obligation is satisfied by transferring a service to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 15% Reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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.

GENEO SOFTWARE LIMITED (REGISTERED NUMBER: 06082371)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. Accounting policies - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 21 (2023 - 23 ) .

4. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 April 2023 100,573
Additions 6,056
Disposals (17,128 )
At 31 March 2024 89,501
Depreciation
At 1 April 2023 49,577
Charge for year 20,181
Eliminated on disposal (7,981 )
At 31 March 2024 61,777
Net book value
At 31 March 2024 27,724
At 31 March 2023 50,996

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 226,942 275,929
Amounts owed by group undertakings 20,826 13,563
Other debtors 439,836 356,125
687,604 645,617

GENEO SOFTWARE LIMITED (REGISTERED NUMBER: 06082371)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 58,333 50,000
Trade creditors 168,093 79,451
Taxation and social security 66,592 32,086
Other creditors 12,620 13,639
305,638 175,176

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 58,333 108,333

8. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mr T J King
Balance outstanding at start of year 40,167 (5,397 )
Amounts advanced 38,813 81,049
Amounts repaid (66,897 ) (35,485 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 12,083 40,167

Mr R C Newton
Balance outstanding at start of year 4,017 971
Amounts advanced - 3,085
Amounts repaid (1,740 ) (39 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,277 4,017

Mr C P Jones
Balance outstanding at start of year 2,268 2,558
Amounts advanced 59 81
Amounts repaid (312 ) (371 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,015 2,268

GENEO SOFTWARE LIMITED (REGISTERED NUMBER: 06082371)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. Directors' advances, credits and guarantees - continued

Mr M D Radley
Balance outstanding at start of year (1,810 ) (4,916 )
Amounts advanced 40,146 57,746
Amounts repaid (5,814 ) (54,640 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 32,522 (1,810 )

Interest is charged on the Overdrawn Directors Loan Account at the Official rate of interest of 2.25%