Company Registration No. 11327580 (England and Wales)
Genial Living Limited
Unaudited accounts
for the year ended 30 April 2024
Genial Living Limited
Unaudited accounts
Contents
Genial Living Limited
Company Information
for the year ended 30 April 2024
Directors
Mrs L J Davies
Mr W P Davies
Mrs G Fox
Mr N P Fox
Company Number
11327580 (England and Wales)
Registered Office
6 MENDIP WAY
CORBY
NN18 8GJ
ENGLAND
Genial Living Limited
Statement of financial position
as at 30 April 2024
Investment property
105,000
105,000
Cash at bank and in hand
8,811
7,513
Creditors: amounts falling due within one year
(90,860)
(93,053)
Net current liabilities
(82,021)
(85,540)
Total assets less current liabilities
22,979
19,460
Provisions for liabilities
Deferred tax
(3,377)
(3,377)
Called up share capital
100
100
Revaluation reserve
34,186
34,186
Profit and loss account
(14,684)
(18,203)
Shareholders' funds
19,602
16,083
For the year ending 30 April 2024 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 23 October 2024 and were signed on its behalf by
Mr W P Davies
Director
Company Registration No. 11327580
Genial Living Limited
Notes to the Accounts
for the year ended 30 April 2024
Genial Living Limited is a private company, limited by shares, registered in England and Wales, registration number 11327580. The registered office is 6 MENDIP WAY, CORBY, NN18 8GJ, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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% straight line basis
4
Tangible fixed assets
Plant & machinery
Fair value at 1 May 2023
105,000
The directors consider that the value at the balance sheet date matches the current market value.
Genial Living Limited
Notes to the Accounts
for the year ended 30 April 2024
Amounts falling due after more than one year
Accrued income and prepayments
28
-
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
9
-
Other creditors
89,951
92,303
8
Transactions with related parties
The Company has received loans from its parent companies.
At the balance sheet date, the Company owed both parent companies £46,152 each (2022: £46,321 each).
These loans are interest free and repayable on demand.
9
Average number of employees
During the year the average number of employees was 4 (2023: 4).