2023-05-052023-08-312023-08-31false14849722GENUINE TECHNOLOGIES LTD2025-01-2862012falseiso4217:GBPxbrli:pure148497222023-05-05148497222023-08-31148497222023-05-052023-08-31148497222023-05-04148497222023-05-04148497222023-05-042023-05-0414849722bus:SmallEntities2023-05-052023-08-3114849722bus:AuditExempt-NoAccountantsReport2023-05-052023-08-3114849722bus:FullAccounts2023-05-052023-08-3114849722bus:PrivateLimitedCompanyLtd2023-05-052023-08-3114849722core:WithinOneYear2023-08-3114849722core:AfterOneYear2023-08-3114849722core:WithinOneYear2023-05-0414849722core:AfterOneYear2023-05-0414849722core:ShareCapital2023-08-3114849722core:SharePremium2023-08-3114849722core:RevaluationReserve2023-08-3114849722core:OtherReservesSubtotal2023-08-3114849722core:RetainedEarningsAccumulatedLosses2023-08-3114849722core:ShareCapital2023-05-0414849722core:SharePremium2023-05-0414849722core:RevaluationReserve2023-05-0414849722core:OtherReservesSubtotal2023-05-0414849722core:RetainedEarningsAccumulatedLosses2023-05-0414849722core:LandBuildings2023-08-3114849722core:PlantMachinery2023-08-3114849722core:Vehicles2023-08-3114849722core:FurnitureFittings2023-08-3114849722core:OfficeEquipment2023-08-3114849722core:NetGoodwill2023-08-3114849722core:IntangibleAssetsOtherThanGoodwill2023-08-3114849722core:ListedExchangeTraded2023-08-3114849722core:UnlistedNon-exchangeTraded2023-08-3114849722core:LandBuildings2023-05-0414849722core:PlantMachinery2023-05-0414849722core:Vehicles2023-05-0414849722core:FurnitureFittings2023-05-0414849722core:OfficeEquipment2023-05-0414849722core:NetGoodwill2023-05-0414849722core:IntangibleAssetsOtherThanGoodwill2023-05-0414849722core:ListedExchangeTraded2023-05-0414849722core:UnlistedNon-exchangeTraded2023-05-0414849722core:LandBuildings2023-05-052023-08-3114849722core:PlantMachinery2023-05-052023-08-3114849722core:Vehicles2023-05-052023-08-3114849722core:FurnitureFittings2023-05-052023-08-3114849722core:OfficeEquipment2023-05-052023-08-3114849722core:NetGoodwill2023-05-052023-08-3114849722core:IntangibleAssetsOtherThanGoodwill2023-05-052023-08-3114849722core:ListedExchangeTraded2023-05-052023-08-3114849722core:UnlistedNon-exchangeTraded2023-05-052023-08-3114849722core:MoreThanFiveYears2023-05-052023-08-3114849722core:Non-currentFinancialInstruments2023-08-3114849722core:Non-currentFinancialInstruments2023-05-0414849722dpl:CostSales2023-05-052023-08-3114849722dpl:DistributionCosts2023-05-052023-08-3114849722core:LandBuildings2023-05-052023-08-3114849722core:PlantMachinery2023-05-052023-08-3114849722core:Vehicles2023-05-052023-08-3114849722core:FurnitureFittings2023-05-052023-08-3114849722core:OfficeEquipment2023-05-052023-08-3114849722dpl:AdministrativeExpenses2023-05-052023-08-3114849722core:NetGoodwill2023-05-052023-08-3114849722core:IntangibleAssetsOtherThanGoodwill2023-05-052023-08-3114849722dpl:GroupUndertakings2023-05-052023-08-3114849722dpl:ParticipatingInterests2023-05-052023-08-3114849722dpl:GroupUndertakingscore:ListedExchangeTraded2023-05-052023-08-3114849722core:ListedExchangeTraded2023-05-052023-08-3114849722dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-05-052023-08-3114849722core:UnlistedNon-exchangeTraded2023-05-052023-08-3114849722dpl:CostSales2023-05-042023-05-0414849722dpl:DistributionCosts2023-05-042023-05-0414849722core:LandBuildings2023-05-042023-05-0414849722core:PlantMachinery2023-05-042023-05-0414849722core:Vehicles2023-05-042023-05-0414849722core:FurnitureFittings2023-05-042023-05-0414849722core:OfficeEquipment2023-05-042023-05-0414849722dpl:AdministrativeExpenses2023-05-042023-05-0414849722core:NetGoodwill2023-05-042023-05-0414849722core:IntangibleAssetsOtherThanGoodwill2023-05-042023-05-0414849722dpl:GroupUndertakings2023-05-042023-05-0414849722dpl:ParticipatingInterests2023-05-042023-05-0414849722dpl:GroupUndertakingscore:ListedExchangeTraded2023-05-042023-05-0414849722core:ListedExchangeTraded2023-05-042023-05-0414849722dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-05-042023-05-0414849722core:UnlistedNon-exchangeTraded2023-05-042023-05-0414849722core:NetGoodwill2023-08-3114849722core:IntangibleAssetsOtherThanGoodwill2023-08-3114849722core:LandBuildings2023-08-3114849722core:PlantMachinery2023-08-3114849722core:Vehicles2023-08-3114849722core:FurnitureFittings2023-08-3114849722core:OfficeEquipment2023-08-3114849722core:AfterOneYear2023-08-3114849722core:WithinOneYear2023-08-3114849722core:ListedExchangeTraded2023-08-3114849722core:UnlistedNon-exchangeTraded2023-08-3114849722core:ShareCapital2023-08-3114849722core:SharePremium2023-08-3114849722core:RevaluationReserve2023-08-3114849722core:OtherReservesSubtotal2023-08-3114849722core:RetainedEarningsAccumulatedLosses2023-08-3114849722core:NetGoodwill2023-05-0414849722core:IntangibleAssetsOtherThanGoodwill2023-05-0414849722core:LandBuildings2023-05-0414849722core:PlantMachinery2023-05-0414849722core:Vehicles2023-05-0414849722core:FurnitureFittings2023-05-0414849722core:OfficeEquipment2023-05-0414849722core:AfterOneYear2023-05-0414849722core:WithinOneYear2023-05-0414849722core:List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GENUINE TECHNOLOGIES LTD

Registered Number
14849722
(England and Wales)

Unaudited Financial Statements for the Period ended
31 August 2023

GENUINE TECHNOLOGIES LTD
Company Information
for the period from 5 May 2023 to 31 August 2023

Director

MOHACEK, Daniel

Company Secretary

SKUSE, Ben

Registered Address

10 Stevens Lane
Claygate
Esher
KT10 0TE

Registered Number

14849722 (England and Wales)
GENUINE TECHNOLOGIES LTD
Balance Sheet as at
31 August 2023

Notes

2023

£

£

Fixed assets
Intangible assets355,000
55,000
Current assets
Debtors13,792
13,792
Creditors amounts falling due within one year4(11,470)
Net current assets (liabilities)2,322
Total assets less current liabilities57,322
Creditors amounts falling due after one year5(112,898)
Net assets(55,576)
Capital and reserves
Called up share capital100
Profit and loss account(55,676)
Shareholders' funds(55,576)
The financial statements were approved and authorised for issue by the Director on 28 January 2025, and are signed on its behalf by:
MOHACEK, Daniel
Director
Registered Company No. 14849722
GENUINE TECHNOLOGIES LTD
Notes to the Financial Statements
for the period ended 31 August 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
2.Average number of employees

2023
Average number of employees during the year3
3.Intangible assets

Other

Total

££
Cost or valuation
Additions55,00055,000
At 31 August 2355,00055,000
Net book value
At 31 August 2355,00055,000
At 04 May 23--
4.Creditors: amounts due within one year

2023

£
Trade creditors / trade payables11,470
Total11,470
5.Creditors: amounts due after one year

2023

£
Other creditors112,898
Total112,898