Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false2023-04-01Information Technology consultancy activities00falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09997222 2023-04-01 2024-03-31 09997222 2022-04-01 2023-03-31 09997222 2024-03-31 09997222 2023-03-31 09997222 2022-04-01 09997222 c:Director1 2023-04-01 2024-03-31 09997222 d:CurrentFinancialInstruments 2024-03-31 09997222 d:CurrentFinancialInstruments 2023-03-31 09997222 d:Non-currentFinancialInstruments 2024-03-31 09997222 d:Non-currentFinancialInstruments 2023-03-31 09997222 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 09997222 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09997222 d:ShareCapital 2023-04-01 2024-03-31 09997222 d:ShareCapital 2024-03-31 09997222 d:ShareCapital 2022-04-01 2023-03-31 09997222 d:ShareCapital 2023-03-31 09997222 d:ShareCapital 2022-04-01 09997222 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 09997222 d:RetainedEarningsAccumulatedLosses 2024-03-31 09997222 d:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 09997222 d:RetainedEarningsAccumulatedLosses 2023-03-31 09997222 d:RetainedEarningsAccumulatedLosses 2022-04-01 09997222 c:FRS102 2023-04-01 2024-03-31 09997222 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09997222 c:AbridgedAccounts 2023-04-01 2024-03-31 09997222 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09997222 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 09997222









GENEX INFOSYS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
GENEX INFOSYS LIMITED
REGISTERED NUMBER: 09997222

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due after more than one year
 4 
-
63,600

Debtors: amounts falling due within one year
 4 
1,599,248
520,153

Cash at bank and in hand
 5 
15,351
31,562

  
1,614,599
615,315

Creditors: amounts falling due within one year
 6 
(1,652,050)
(646,654)

Net current liabilities
  
 
 
(37,451)
 
 
(31,339)

Total assets less current liabilities
  
(37,451)
(31,339)

  

Net liabilities
  
(37,451)
(31,339)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(37,551)
(31,439)

  
(37,451)
(31,339)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 3 January 2025.




Nadia Momin Imam
Page 1

 
GENEX INFOSYS LIMITED
REGISTERED NUMBER: 09997222
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

Director

The notes on pages 5 to 8 form part of these financial statements.

Page 2

 
GENEX INFOSYS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 April 2023
100
(31,439)
(31,339)


Comprehensive income for the year

Loss for the year

-
(6,112)
(6,112)


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
(6,112)
(6,112)


Total transactions with owners
-
-
-


At 31 March 2024
100
(37,551)
(37,451)


The notes on pages 5 to 8 form part of these financial statements.

Page 3

 
GENEX INFOSYS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2023


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 April 2022
100
(53,286)
(53,186)


Comprehensive income for the year

Profit for the year

-
21,847
21,847


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
21,847
21,847


Total transactions with owners
-
-
-


At 31 March 2023
100
(31,439)
(31,339)


The notes on pages 5 to 8 form part of these financial statements.

Page 4

 
GENEX INFOSYS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Enter user text here... 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and loss account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 5

 
GENEX INFOSYS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 6

 
GENEX INFOSYS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Employees




The Company has no employees other than the directors, who did not receive any remuneration (2023 - 0).

The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.





0
0

The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL)

4.


Debtors

2024
2023
£
£

Due after more than one year

Due from participating interests
-
63,600

-
63,600


2024
2023
£
£

Due within one year

Trade debtors
(3,740)
(28,740)

Amounts owed by joint ventures and associated undertakings
1,178,345
180,000

Other debtors
424,643
386,893

Prepayments and accrued income
-
(18,000)

1,599,248
520,153



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
15,351
31,562

15,351
31,562


Page 7

 
GENEX INFOSYS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to associates
475,000
644,000

Other creditors
1,177,050
2,654

1,652,050
646,654


Page 8