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Company Registration No. 04430049 (England and Wales)
Gen-Tech Products Limited Unaudited accounts for the year ended 31 March 2024
Gen-Tech Products Limited Unaudited accounts Contents
Page
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Gen-Tech Products Limited Company Information for the year ended 31 March 2024
Director
Jason Hartwright
Company Number
04430049 (England and Wales)
Registered Office
The Corner House 4 Beaumont Road Church Stretton Shropshire SY6 6BN United Kingdom
Accountants
S A Acc'y Ltd The Corner House 4 Beaumont Road Church Stretton Shropshire SY6 6BN
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Gen-Tech Products Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
275,536 
277,422 
Current assets
Inventories
19,699 
23,988 
Debtors
383,666 
154,906 
Cash at bank and in hand
90,220 
239,046 
493,585 
417,940 
Creditors: amounts falling due within one year
(131,056)
(133,719)
Net current assets
362,529 
284,221 
Total assets less current liabilities
638,065 
561,643 
Creditors: amounts falling due after more than one year
(50,850)
(58,118)
Provisions for liabilities
Deferred tax
(3,226)
(3,584)
Net assets
583,989 
499,941 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
583,889 
499,841 
Shareholders' funds
583,989 
499,941 
For the year ending 31 March 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 director acknowledges his 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 and authorised for issue on 29 April 2024 and were signed on its behalf by
Jason Hartwright Director Company Registration No. 04430049
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Gen-Tech Products Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Gen-Tech Products Limited is a private company, limited by shares, registered in England and Wales, registration number 04430049. The registered office is The Corner House, 4 Beaumont Road, Church Stretton, Shropshire, SY6 6BN, United Kingdom.
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:
Land & buildings
5% per annum reducing balance
Plant & machinery
10% per annum reducing balance
Motor vehicles
25% per annum reducing balance
Fixtures & fittings
25% per annum reducing balance
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 April 2023
285,033 
14,000 
11,076 
52,548 
362,657 
At 31 March 2024
285,033 
14,000 
11,076 
52,548 
362,657 
Depreciation
At 1 April 2023
13,102 
9,874 
10,978 
51,281 
85,235 
Charge for the year
1,337 
412 
10 
127 
1,886 
At 31 March 2024
14,439 
10,286 
10,988 
51,408 
87,121 
Net book value
At 31 March 2024
270,594 
3,714 
88 
1,140 
275,536 
At 31 March 2023
271,931 
4,126 
98 
1,267 
277,422 
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Gen-Tech Products Limited Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
114,767 
117,128 
Amounts due from group undertakings etc.
228,216 
- 
Other debtors
40,683 
37,778 
383,666 
154,906 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,791 
10,440 
Trade creditors
75,546 
89,800 
Taxes and social security
42,631 
28,816 
Loans from directors
413 
413 
Accruals
1,675 
4,250 
131,056 
133,719 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
50,850 
58,118 
8
Transactions with related parties
The company occupies premises owned by Gentech Properties Ltd. Rents paid on an arms length basis to that company amounted to £9,500 (2023: £10000). At the year end Gentech Properties Ltd owed the company £40683 (2023 : £37778). During the year under review the company made loans to Gentech 2023 Ltd, an associated company of £228,216, owed at the year end £228,216.
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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