1 June 2023 false No description of principal activity Taxfiler 2024.7 11981963business:PrivateLimitedCompanyLtd2023-06-012024-05-31 119819632023-05-31 119819632023-06-012024-05-31 11981963business:AuditExemptWithAccountantsReport2023-06-012024-05-31 11981963business:FilletedAccounts2023-06-012024-05-31 119819632024-05-31 11981963business:Director12023-06-012024-05-31 11981963business:Director22023-06-012024-05-31 11981963business:RegisteredOffice2023-06-012024-05-31 119819632023-05-31 11981963core:WithinOneYear2024-05-31 11981963core:WithinOneYear2023-05-31 11981963core:AfterOneYear2024-05-31 11981963core:AfterOneYear2023-05-31 11981963core:ShareCapitalcore:PreviouslyStatedAmount2024-05-31 11981963core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 11981963core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-05-31 11981963core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 11981963core:PreviouslyStatedAmount2024-05-31 11981963core:PreviouslyStatedAmount2023-05-31 11981963business:SmallEntities2023-06-012024-05-31 11981963countries:EnglandWales2023-06-012024-05-31 11981963core:LandBuildings2023-05-31 11981963core:FurnitureFittings2023-05-31 11981963core:ComputerEquipment2023-05-31 11981963core:LandBuildings2023-06-012024-05-31 11981963core:FurnitureFittings2023-06-012024-05-31 11981963core:ComputerEquipment2023-06-012024-05-31 11981963core:LandBuildings2024-05-31 11981963core:FurnitureFittings2024-05-31 11981963core:ComputerEquipment2024-05-31 119819632022-06-012023-05-31 iso4217:GBP xbrli:pure
Company Registration No. 11981963 (England and Wales)
GENERIS LIFE LTD Unaudited accounts for the year ended 31 May 2024
GENERIS LIFE LTD Unaudited accounts Contents
Page
- 2 -
GENERIS LIFE LTD Company Information for the year ended 31 May 2024
Directors
Colin Andrzej Kaczor Lucy Hancock
Company Number
11981963 (England and Wales)
Registered Office
48a Mayville Road London E11 4PN
Accountants
JSM Partners Brightfield Business Hub Bakewell Road Peterborough Cambridgeshire PE2 6XU
- 3 -
GENERIS LIFE LTD Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
198,746 
286,598 
Current assets
Cash at bank and in hand
180,100 
72,868 
Creditors: amounts falling due within one year
(241,952)
(240,700)
Net current liabilities
(61,852)
(167,832)
Total assets less current liabilities
136,894 
118,766 
Creditors: amounts falling due after more than one year
(152,227)
(152,227)
Net liabilities
(15,333)
(33,461)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(15,433)
(33,561)
Shareholders' funds
(15,333)
(33,461)
For the year ending 31 May 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 directors acknowledge their 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 of Directors and authorised for issue on 17 February 2025 and were signed on its behalf by
Lucy Hancock Director Company Registration No. 11981963
- 4 -
GENERIS LIFE LTD Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
GENERIS LIFE LTD is a private company, limited by shares, registered in England and Wales, registration number 11981963. The registered office is 48a Mayville Road, London, E11 4PN.
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:
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 June 2023
279,259 
10,100 
1,686 
291,045 
Disposals
(84,906)
- 
- 
(84,906)
At 31 May 2024
194,353 
10,100 
1,686 
206,139 
Depreciation
At 1 June 2023
- 
3,181 
1,266 
4,447 
Charge for the year
- 
2,525 
421 
2,946 
At 31 May 2024
- 
5,706 
1,687 
7,393 
Net book value
At 31 May 2024
194,353 
4,394 
(1)
198,746 
At 31 May 2023
279,259 
6,919 
420 
286,598 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Loans from directors
241,952 
240,700 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
152,227 
152,227 
- 5 -
GENERIS LIFE LTD Notes to the Accounts for the year ended 31 May 2024
7
Loans to directors
During the year loans totalling £241,952.00 were received from the directors. These remain outstanding at the year end and are interest free and repayable on demand.
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
- 6 -