Company Registration No. 08715970 (England and Wales)
Profit Genie Group Ltd
Unaudited accounts
for the year ended 31 March 2024
Profit Genie Group Ltd
Unaudited accounts
Contents
Profit Genie Group Ltd
Company Information
for the year ended 31 March 2024
Company Number
08715970 (England and Wales)
Registered Office
The Tannery
KIRKSTALL ROAD
LEEDS
LS3 1HS
GB-ENG
Accountants
Cloud Genie Ltd
The Tannery
Kirkstall Road
Leeds
LS3 1HS
Profit Genie Group Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
26,987
5,965
Cash at bank and in hand
19,327
41,094
Creditors: amounts falling due within one year
(63,157)
(64,204)
Net current assets
57,577
51,579
Total assets less current liabilities
84,564
57,544
Creditors: amounts falling due after more than one year
(27,492)
(32,218)
Called up share capital
100
100
Profit and loss account
56,972
25,226
Shareholders' funds
57,072
25,326
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 27 December 2024 and were signed on its behalf by
Duncan Lloyd
Director
Company Registration No. 08715970
Profit Genie Group Ltd
Notes to the Accounts
for the year ended 31 March 2024
Profit Genie Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 08715970. The registered office is The Tannery, KIRKSTALL ROAD, LEEDS, LS3 1HS, GB-ENG.
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:
Computer equipment
4 years straight line
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2023
13,245
-
13,245
Additions
9,022
16,000
25,022
At 31 March 2024
22,267
16,000
38,267
At 1 April 2023
7,280
-
7,280
Charge for the year
-
4,000
4,000
At 31 March 2024
7,280
4,000
11,280
At 31 March 2024
14,987
12,000
26,987
At 31 March 2023
5,965
-
5,965
Profit Genie Group Ltd
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Trade debtors
71,374
36,986
Amounts due from group undertakings etc.
-
7,099
Accrued income and prepayments
13,600
13,600
Amounts falling due after more than one year
Amounts due from group undertakings etc.
9,334
16,904
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
7,000
7,000
Obligations under finance leases and hire purchase contracts
3,900
-
Trade creditors
12,265
2,378
Amounts owed to group undertakings and other participating interests
-
1,141
Taxes and social security
6,751
31,668
Loans from directors
2,859
278
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
4,697
-
8
Average number of employees
During the year the average number of employees was 5 (2023: 5).