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REGISTERED NUMBER: 07281226 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

GENUS CARE LTD

GENUS CARE LTD (REGISTERED NUMBER: 07281226)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


GENUS CARE LTD

COMPANY INFORMATION
for the Year Ended 30 June 2024







DIRECTORS: Mr G P Hemming
Mr M J S Khan





REGISTERED OFFICE: The Cross Keys Hotel
Old Road
Skewen
Neath Port Talbot
SA10 6AR





REGISTERED NUMBER: 07281226 (England and Wales)





ACCOUNTANTS: L M Griffiths & Co Limited
Chartered Certified Accountants
1&2 Merlins Court
Winch Lane
Haverfordwest
Pembrokeshire
SA61 1SB

GENUS CARE LTD (REGISTERED NUMBER: 07281226)

STATEMENT OF FINANCIAL POSITION
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 2,948,213 2,896,971

CURRENT ASSETS
Debtors 5 307,833 255,751
Cash at bank and in hand 117,848 5,756
425,681 261,507
CREDITORS
Amounts falling due within one year 6 695,619 427,508
NET CURRENT LIABILITIES (269,938 ) (166,001 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,678,275

2,730,970

CREDITORS
Amounts falling due after more than one
year

7

1,913,932

2,132,392
NET ASSETS 764,343 598,578

CAPITAL AND RESERVES
Called up share capital 92 92
Retained earnings 764,251 598,486
SHAREHOLDERS' FUNDS 764,343 598,578

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

GENUS CARE LTD (REGISTERED NUMBER: 07281226)

STATEMENT OF FINANCIAL POSITION - continued
30 June 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 March 2025 and were signed on its behalf by:




Mr M J S Khan - Director



Mr G P Hemming - Director


GENUS CARE LTD (REGISTERED NUMBER: 07281226)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Genus Care 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
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.

The financial statements have been prepared in accordance with the Companies Act 2006. The directors are not aware of any material uncertainties in making their assessment of going concern. As a result the going concern basis of accounting has been adopted.

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

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Assets are measured using the historic cost model at cost less accumulated depreciation less accumulated impairment losses.

The depreciable amount of an asset is calculated as cost less residual value.

Hire purchase and leasing commitments
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.

Income recognition
The company recognises income as soon as an obligation arises to provide supplies, and an invoice raised and sent.

Impairment of property, plant and equipment
At each year end, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that they have suffered an impairment loss.

If the recoverable amount of an asset is estimated to be less than its carrying amount, its value in the accounts is reduced to its recoverable amount. An impairment loss is recognised immediately in the income statement.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 74 (2023 - 63 ) .

GENUS CARE LTD (REGISTERED NUMBER: 07281226)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

4. PROPERTY, PLANT AND EQUIPMENT
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 July 2023 2,636,756 261,237 179,464
Additions - 48,000 102,679
Disposals - - -
At 30 June 2024 2,636,756 309,237 282,143
DEPRECIATION
At 1 July 2023 - 126,800 127,308
Charge for year - 36,116 30,967
At 30 June 2024 - 162,916 158,275
NET BOOK VALUE
At 30 June 2024 2,636,756 146,321 123,868
At 30 June 2023 2,636,756 134,437 52,156

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023 126,524 67,713 60,746 3,332,440
Additions - 4,850 11,703 167,232
Disposals - (25,325 ) - (25,325 )
At 30 June 2024 126,524 47,238 72,449 3,474,347
DEPRECIATION
At 1 July 2023 93,625 39,756 47,980 435,469
Charge for year 6,580 8,201 8,801 90,665
At 30 June 2024 100,205 47,957 56,781 526,134
NET BOOK VALUE
At 30 June 2024 26,319 (719 ) 15,668 2,948,213
At 30 June 2023 32,899 27,957 12,766 2,896,971

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 306,833 254,873
Other debtors 1,000 878
307,833 255,751

GENUS CARE LTD (REGISTERED NUMBER: 07281226)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 332,118 172,607
Hire purchase contracts 7,650 -
Taxation and social security 260,054 181,306
Other creditors 95,797 73,595
695,619 427,508

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 1,901,182 2,132,392
Hire purchase contracts 12,750 -
1,913,932 2,132,392

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 110,077 1,476,107

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits due from / (owed to) directors subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
Mr G P Hemming
Balance outstanding at start of year (4,785 ) (2,307 )
Amounts advanced - 75,792
Amounts repaid (15,776 ) (78,270 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (20,561 ) (4,785 )

Mr M J S Khan
Balance outstanding at start of year (17,067 ) (14,400 )
Amounts advanced - 75,603
Amounts repaid (21,647 ) (78,270 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (38,714 ) (17,067 )

GENUS CARE LTD (REGISTERED NUMBER: 07281226)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

9. DEPRECIATION OF FREEHOLD PROPERTIES

Freehold properties held by the company are shown at historic cost. An annual review of current estimated market prices is carried out in order to ascertain likely residual value. Where this exceeds cost, no depreciation is provided since there is no depreciable amount under the company's stated depreciation policy. Where cost exceeds estimated market value, it is the policy to make an adjustment for impairment. For the above reasons, there is no depreciation expense shown in the financial statements.