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REGISTERED NUMBER: 12890618 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 30 September 2024

for

The Genie Group Northants Ltd

The Genie Group Northants Ltd (Registered number: 12890618)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Genie Group Northants Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mrs G J Mellows
Mrs L N Wardell
Mr C W Wardell





REGISTERED OFFICE: 77 Burns Road
Wellingborough
Northamptonshire
NN8 3RP





REGISTERED NUMBER: 12890618 (England and Wales)





ACCOUNTANTS: Clifford Roberts
63 Broad Green
Wellingborough
Northamptonshire
NN8 4LQ

The Genie Group Northants Ltd (Registered number: 12890618)

Balance Sheet
30 September 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 39,237 33,480

CURRENT ASSETS
Debtors 5 66,884 25,715
Cash at bank 60,726 54,420
127,610 80,135
CREDITORS
Amounts falling due within one year 6 41,677 30,226
NET CURRENT ASSETS 85,933 49,909
TOTAL ASSETS LESS CURRENT
LIABILITIES

125,170

83,389

CREDITORS
Amounts falling due after more than one
year

7

(15,823

)

(13,124

)

PROVISIONS FOR LIABILITIES (9,809 ) (8,370 )
NET ASSETS 99,538 61,895

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 99,438 61,795
SHAREHOLDERS' FUNDS 99,538 61,895

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The Genie Group Northants Ltd (Registered number: 12890618)

Balance Sheet - continued
30 September 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 Board of Directors and authorised for issue on 7 February 2025 and were signed on its behalf by:





Mr C W Wardell - Director


The Genie Group Northants Ltd (Registered number: 12890618)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

The Genie Group Northants 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.

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.

Revenue
Turnover represents net invoices sale of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance, 25% on cost and 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

The Genie Group Northants Ltd (Registered number: 12890618)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 October 2023 53,175
Additions 34,742
Disposals (22,250 )
At 30 September 2024 65,667
DEPRECIATION
At 1 October 2023 19,695
Charge for year 11,185
Eliminated on disposal (4,450 )
At 30 September 2024 26,430
NET BOOK VALUE
At 30 September 2024 39,237
At 30 September 2023 33,480

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£
COST
At 1 October 2023 22,250
Disposals (22,250 )
At 30 September 2024 -
DEPRECIATION
At 1 October 2023 4,450
Eliminated on disposal (4,450 )
At 30 September 2024 -
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 17,800

The Genie Group Northants Ltd (Registered number: 12890618)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 42,998 23,254
Other debtors 23,886 2,461
66,884 25,715

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 5,244 -
Hire purchase contracts - 3,729
Trade creditors 3,343 257
Taxation and social security 26,143 18,972
Other creditors 6,947 7,268
41,677 30,226

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Bank loans 15,823 -
Hire purchase contracts - 13,124
15,823 13,124

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary 1 100 100