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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
Page
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Profit Genie Group Ltd Company Information for the year ended 31 March 2024
Director
Duncan Lloyd
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
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Profit Genie Group Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
26,987 
5,965 
Current assets
Debtors
101,407 
74,689 
Cash at bank and in hand
19,327 
41,094 
120,734 
115,783 
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)
Net assets
57,072 
25,326 
Capital and reserves
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
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Profit Genie Group Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
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:
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 
Depreciation
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 
Net book value
At 31 March 2024
14,987 
12,000 
26,987 
At 31 March 2023
5,965 
- 
5,965 
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Profit Genie Group Ltd Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
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 
Other debtors
7,099 
100 
92,073 
57,785 
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 
VAT
19,569 
17,312 
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 
Other creditors
382 
4,386 
Loans from directors
2,859 
278 
Accruals
10,431 
41 
63,157 
64,204 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
22,795 
32,218 
Obligations under finance leases and hire purchase contracts
4,697 
- 
27,492 
32,218 
8
Average number of employees
During the year the average number of employees was 5 (2023: 5).
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