1 March 2023 false No description of principal activity Taxfiler 2024.5 13891199business:PrivateLimitedCompanyLtd2023-03-012024-02-29 138911992023-02-28 138911992023-03-012024-02-29 13891199business:AuditExempt-NoAccountantsReport2023-03-012024-02-29 13891199business:FilletedAccounts2023-03-012024-02-29 138911992024-02-29 13891199business:Director12023-03-012024-02-29 13891199business:RegisteredOffice2023-03-012024-02-29 138911992023-02-28 13891199core:WithinOneYear2024-02-29 13891199core:WithinOneYear2023-02-28 13891199core:AfterOneYear2024-02-29 13891199core:AfterOneYear2023-02-28 13891199core:ShareCapitalcore:PreviouslyStatedAmount2024-02-29 13891199core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 13891199core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-29 13891199core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 13891199core:PreviouslyStatedAmount2024-02-29 13891199core:PreviouslyStatedAmount2023-02-28 13891199business:SmallEntities2023-03-012024-02-29 13891199countries:EnglandWales2023-03-012024-02-29 13891199core:MotorVehicles2023-03-012024-02-29 13891199core:MotorVehicles2023-02-28 13891199core:MotorVehicles2024-02-29 138911992022-02-032023-02-28 iso4217:GBP xbrli:pure
Company Registration No. 13891199 (England and Wales)
Geniefy Ltd Unaudited accounts for the year ended 29 February 2024
Geniefy Ltd Unaudited accounts Contents
Page
- 2 -
Geniefy Ltd Company Information for the year ended 29 February 2024
Director
Sarveen Uthayakumar
Company Number
13891199 (England and Wales)
Registered Office
Unit 1193 Garth Road Morden SM4 4LZ United Kingdom
Accountants
KPK Accountants LImited 79 College Road Harrow HA1 1BD
- 3 -
Geniefy Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Called up share capital not paid
100 
100 
Fixed assets
Tangible assets
181,646 
26,371 
Current assets
Debtors
6,604 
- 
Cash at bank and in hand
162 
36 
6,766 
36 
Creditors: amounts falling due within one year
(137,009)
(32,210)
Net current liabilities
(130,243)
(32,174)
Total assets less current liabilities
51,503 
(5,703)
Creditors: amounts falling due after more than one year
(84,424)
- 
Net liabilities
(32,921)
(5,703)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(33,021)
(5,803)
Shareholders' funds
(32,921)
(5,703)
For the year ending 29 February 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 1 November 2024 and were signed on its behalf by
Sarveen Uthayakumar Director Company Registration No. 13891199
- 4 -
Geniefy Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Geniefy Ltd is a private company, limited by shares, registered in England and Wales, registration number 13891199. The registered office is Unit 1193, Garth Road, Morden, SM4 4LZ, 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:
Motor vehicles
18%
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 March 2023
32,160 
Additions
195,149 
At 29 February 2024
227,309 
Depreciation
At 1 March 2023
5,789 
Charge for the year
39,874 
At 29 February 2024
45,663 
Net book value
At 29 February 2024
181,646 
At 28 February 2023
26,371 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
6,604 
- 
- 5 -
Geniefy Ltd Notes to the Accounts for the year ended 29 February 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
33,286 
- 
Loans from directors
103,723 
32,210 
137,009 
32,210 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
84,424 
- 
8
Average number of employees
During the year the average number of employees was 1 (2023: 0).
- 6 -