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REGISTERED NUMBER: 04332333 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Genus Softworks Limited

Genus Softworks Limited (Registered number: 04332333)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Genus Softworks Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: Mr M D Coles





REGISTERED OFFICE: Fretherne Nurseries
Fretherne
Saul
Gloucester
GL2 7JF





REGISTERED NUMBER: 04332333 (England and Wales)





ACCOUNTANTS: ARC & Co. Accountants Limited
Northfield House
Shurdington Road
Bentham
Cheltenham
Gloucestershire
GL51 4UA

Genus Softworks Limited (Registered number: 04332333)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 89,985 98,575

CURRENT ASSETS
Stocks 5 103,975 114,783
Debtors 6 125,232 75,702
Cash at bank and in hand 24,423 10,011
253,630 200,496
CREDITORS
Amounts falling due within one year 7 304,421 272,661
NET CURRENT LIABILITIES (50,791 ) (72,165 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

39,194

26,410

CREDITORS
Amounts falling due after more than one
year

8

34,743

42,461
NET ASSETS/(LIABILITIES) 4,451 (16,051 )

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 11 4,449 (16,053 )
SHAREHOLDERS' FUNDS 4,451 (16,051 )

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

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

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.

Genus Softworks Limited (Registered number: 04332333)

Balance Sheet - continued
31 January 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 October 2024 and were signed by:





Mr M D Coles - Director


Genus Softworks Limited (Registered number: 04332333)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Genus Softworks 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.

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, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 14 (2023 - 18 ) .

Genus Softworks Limited (Registered number: 04332333)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 February 2023 136,996 52,509 67,178 256,683
Additions 12,995 - - 12,995
At 31 January 2024 149,991 52,509 67,178 269,678
DEPRECIATION
At 1 February 2023 90,470 19,197 48,441 158,108
Charge for year 11,904 4,997 4,684 21,585
At 31 January 2024 102,374 24,194 53,125 179,693
NET BOOK VALUE
At 31 January 2024 47,617 28,315 14,053 89,985
At 31 January 2023 46,526 33,312 18,737 98,575

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 February 2023 42,530
Additions 12,995
At 31 January 2024 55,525
DEPRECIATION
At 1 February 2023 8,506
Charge for year 9,404
At 31 January 2024 17,910
NET BOOK VALUE
At 31 January 2024 37,615
At 31 January 2023 34,024

5. STOCKS
31.1.24 31.1.23
£    £   
Stocks 103,975 114,783

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 63,477 44,128
Directors' current accounts 61,686 30,320
Corporation tax 69 1,254
125,232 75,702

Genus Softworks Limited (Registered number: 04332333)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 12,213 9,894
Hire purchase contracts 10,721 8,787
Trade creditors 224,324 208,038
Social security and other taxes 5,884 9,820
VAT 49,374 34,118
Pension control 705 1,004
Accruals 1,200 1,000
304,421 272,661

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 17,710 24,947
Hire purchase contracts 17,033 17,514
34,743 42,461

9. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Hire purchase contracts 27,754 26,301

The hire purchase contracts are secured upon the assets to which they relate.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
2 Ordinary £1 2 2

11. RESERVES
Retained
earnings
£   

At 1 February 2023 (16,053 )
Profit for the year 20,502
At 31 January 2024 4,449

Genus Softworks Limited (Registered number: 04332333)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 January 2024 and the period ended 31 January 2023:

31.1.24 31.1.23
£    £   
Mr M D Coles
Balance outstanding at start of year 30,320 -
Amounts advanced 61,686 30,320
Amounts repaid (30,320 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 61,686 30,320

Interest has been charged on the overdrawn amounts at the appropriate rates.

13. ULTIMATE CONTROLLING PARTY

Mr M D Coles is the ultimate controlling party by virtue of his holding all of the company's issued share capital.