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REGISTERED NUMBER: 07940870 (England and Wales)












Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Genserv Engineering Ltd

Genserv Engineering Ltd (Registered number: 07940870)






Contents of the Financial Statements
for the year ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Genserv Engineering Ltd

Company Information
for the year ended 29 February 2024







DIRECTOR: Mr A R King





REGISTERED OFFICE: Top Floor
Claridon House
London Road
Stanford Le Hope
Essex
SS17 0JU





REGISTERED NUMBER: 07940870 (England and Wales)





ACCOUNTANTS: Vortex Accountants Limited
Top Floor
Claridon House
London Road
Stanford Le Hope
Essex
SS17 0JU

Genserv Engineering Ltd (Registered number: 07940870)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,985 5,203

CURRENT ASSETS
Stocks 5 1,500 1,000
Debtors 6 430,500 439,000
Cash at bank 5,358 13,172
437,358 453,172
CREDITORS
Amounts falling due within one year 7 13,904 7,835
NET CURRENT ASSETS 423,454 445,337
TOTAL ASSETS LESS CURRENT
LIABILITIES

427,439

450,540

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 427,437 450,538
SHAREHOLDERS' FUNDS 427,439 450,540

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

Genserv Engineering Ltd (Registered number: 07940870)

Balance Sheet - continued
29 February 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 director and authorised for issue on 20 November 2024 and were signed by:





Mr A R King - Director


Genserv Engineering Ltd (Registered number: 07940870)

Notes to the Financial Statements
for the year ended 29 February 2024

1. STATUTORY INFORMATION

Genserv Engineering Ltd 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, 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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - Straight line over 5 years
Motor vehicles - 25% on reducing balance
Computer equipment - 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Genserv Engineering Ltd (Registered number: 07940870)

Notes to the Financial Statements - continued
for the year ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2023
and 29 February 2024 4,000 10,000 27,441 932 42,373
DEPRECIATION
At 1 March 2023 3,775 8,362 24,140 893 37,170
Charge for year 56 327 825 10 1,218
At 29 February 2024 3,831 8,689 24,965 903 38,388
NET BOOK VALUE
At 29 February 2024 169 1,311 2,476 29 3,985
At 28 February 2023 225 1,638 3,301 39 5,203

5. STOCKS
2024 2023
£    £   
Stocks 1,500 1,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 430,500 439,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 5,306 1,099
Social security and other taxes - 220
VAT 3,593 3,407
Directors' current accounts 2,990 1,094
Accrued expenses 2,015 2,015
13,904 7,835

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr A R King.