Company Registration No. 14401477 (England and Wales)
GENIEX LTD
Unaudited accounts
for the period from 1 November 2023 to 31 March 2025
GENIEX LTD
Unaudited accounts
Contents
GENIEX LTD
Company Information
for the period from 1 November 2023 to 31 March 2025
Directors
Ali Ayaz Gajani
Richard Startup
Company Number
14401477 (England and Wales)
Registered Office
3 LLOYDS AVENUE
LONDON
EC3N 3DS
ENGLAND
Accountants
Forest Edge Accountancy
2 Appletree Close
Redlynch
Salisbury
Wiltshire
SP5 2JG
GENIEX LTD
Statement of financial position
as at 31 March 2025
Cash at bank and in hand
33,144
6,594
Creditors: amounts falling due within one year
(46,186)
(5,843)
Net current (liabilities)/assets
(2,482)
10,751
Net (liabilities)/assets
(2,121)
10,751
Called up share capital
10,000
10,000
Profit and loss account
(141,721)
751
Shareholders' funds
(2,121)
10,751
For the period ending 31 March 2025 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 2 April 2025 and were signed on its behalf by
Richard Startup
Director
Company Registration No. 14401477
GENIEX LTD
Notes to the Accounts
for the period from 1 November 2023 to 31 March 2025
GENIEX LTD is a private company, limited by shares, registered in England and Wales, registration number 14401477. The registered office is 3 LLOYDS AVENUE, LONDON, EC3N 3DS, ENGLAND.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Computer equipment
3 years straight line
Share Capital and Share Premium
On 17th June 2024, 40,000 Ordinary Shares of £0.01 each were issued to Feng Fu Lai for a consideration of £100,000. Share premium of £99,600 was generated on the issue of these shares.
On 13th March 2025, a further 20,000 Ordinary Shares of £0.01 each were applied for by Mr Feng Fu Lai. A consideration of £30,000 has been received, with a remaining consideration of £30,000 to be paid after the year end.
Total Share Premium amounts to £129,600.
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Tangible fixed assets
Computer equipment
GENIEX LTD
Notes to the Accounts
for the period from 1 November 2023 to 31 March 2025
Amounts falling due within one year
Other debtors
10,560
10,000
6
Creditors: amounts falling due within one year
2025
2023
Taxes and social security
429
5,363
Loans from directors
8,030
30
7
Average number of employees
During the period the average number of employees was 4 (2023: 2).