IRIS Accounts Production v24.3.2.46 11888558 director 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary 0.01000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh118885582023-03-31118885582024-03-31118885582023-04-012024-03-31118885582022-03-31118885582022-04-012023-03-31118885582023-03-3111888558ns15:EnglandWales2023-04-012024-03-3111888558ns14:PoundSterling2023-04-012024-03-3111888558ns10:Director12023-04-012024-03-3111888558ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3111888558ns10:SmallEntities2023-04-012024-03-3111888558ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3111888558ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3111888558ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3111888558ns10:FullAccounts2023-04-012024-03-3111888558ns10:OrdinaryShareClass12023-04-012024-03-3111888558ns10:Director22023-04-012024-03-3111888558ns10:RegisteredOffice2023-04-012024-03-3111888558ns5:CurrentFinancialInstruments2024-03-3111888558ns5:CurrentFinancialInstruments2023-03-3111888558ns5:ShareCapital2024-03-3111888558ns5:ShareCapital2023-03-3111888558ns5:RetainedEarningsAccumulatedLosses2024-03-3111888558ns5:RetainedEarningsAccumulatedLosses2023-03-3111888558ns5:ComputerEquipment2023-04-012024-03-3111888558ns5:ComputerEquipment2023-03-3111888558ns5:ComputerEquipment2024-03-3111888558ns5:ComputerEquipment2023-03-3111888558ns5:DeferredTaxation2023-03-3111888558ns5:DeferredTaxation2023-04-012024-03-3111888558ns5:DeferredTaxation2024-03-3111888558ns10:OrdinaryShareClass12024-03-3111888558ns5:RetainedEarningsAccumulatedLosses2023-03-3111888558ns5:RetainedEarningsAccumulatedLosses2023-04-012024-03-31
REGISTERED NUMBER: 11888558 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

GENOTYPICA LTD

GENOTYPICA LTD (REGISTERED NUMBER: 11888558)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


GENOTYPICA LTD

COMPANY INFORMATION
For The Year Ended 31 March 2024







DIRECTOR: I A Russell





REGISTERED OFFICE: 4 Office Village
Forder Way
Cygnet Park, Hampton
Peterborough
Cambridgeshire
PE7 8GX





REGISTERED NUMBER: 11888558 (England and Wales)





ACCOUNTANTS: TC CH Limited
4 Office Village
Forder Way
Cygnet Park, Hampton
Peterborough
Cambridgeshire
PE7 8GX

GENOTYPICA LTD (REGISTERED NUMBER: 11888558)

STATEMENT OF FINANCIAL POSITION
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,097 193

CURRENT ASSETS
Cash at bank and in hand 140,488 116,400

CREDITORS
Amounts falling due within one year 5 18,442 19,590
NET CURRENT ASSETS 122,046 96,810
TOTAL ASSETS LESS CURRENT LIABILITIES 123,143 97,003

PROVISIONS FOR LIABILITIES 6 274 37
NET ASSETS 122,869 96,966

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 8 122,868 96,965
SHAREHOLDERS' FUNDS 122,869 96,966

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 March 2025 and were signed by:





I A Russell - Director


GENOTYPICA LTD (REGISTERED NUMBER: 11888558)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2024


1. STATUTORY INFORMATION

Genotypica 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 have also been consistently applied within the same accounts.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

No significant judgements (apart from those involving estimations) have been made by management in the process of applying the entity's accounting policies and preparing these financial statements.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There have been no key assumptions or there sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Financial instruments
The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost.

Financial liabilities - trade creditors, accruals and other creditors and basic financial instruments and are measured at amortised cost. Taxation and social security and not included in the financial instruments disclosure definition.

Debtors
Short term debtors are initially measured at transaction price less attributable costs and then subsequently measured at amortised costs using EIR. 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.

Creditors
Short term trade creditors are initially measured at transaction price less attributable costs. 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.

GENOTYPICA LTD (REGISTERED NUMBER: 11888558)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

No significant judgements (apart from those involving estimations) have been made by management in the process of applying the entity's accounting policies and preparing these financial statements.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There have been no key assumptions or there sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

GENOTYPICA LTD (REGISTERED NUMBER: 11888558)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2023 499
Additions 1,269
At 31 March 2024 1,768
DEPRECIATION
At 1 April 2023 306
Charge for year 365
At 31 March 2024 671
NET BOOK VALUE
At 31 March 2024 1,097
At 31 March 2023 193

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 1,200
Corporation tax 6,477 5,363
Directors' current accounts 10,603 11,767
Accrued expenses 1,362 1,260
18,442 19,590

6. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 274 37

Deferred
tax
£   
Balance at 1 April 2023 37
Provided during year 237
Balance at 31 March 2024 274

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £0.01 1 1

GENOTYPICA LTD (REGISTERED NUMBER: 11888558)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024


8. RESERVES
Retained
earnings
£   

At 1 April 2023 96,965
Profit for the year 27,903
Dividends (2,000 )
At 31 March 2024 122,868

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included within other Creditors at 31 March 2024, is an amount of £10,603 (2023:£11,767) owed to the Director and Shareholder A I Russell. This loan is unsecured, interest free and repayable on demand.

10. ULTIMATE CONTROLLING PARTY

I A Russell has ultimate controlling interest in the company.