Acorah Software Products - Accounts Production 16.2.850 false true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 SC415480 Mr Thomas Scott iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC415480 2024-01-31 SC415480 2025-01-31 SC415480 2024-02-01 2025-01-31 SC415480 frs-core:CurrentFinancialInstruments 2025-01-31 SC415480 frs-core:ComputerEquipment 2025-01-31 SC415480 frs-core:ComputerEquipment 2024-02-01 2025-01-31 SC415480 frs-core:ComputerEquipment 2024-01-31 SC415480 frs-core:FurnitureFittings 2025-01-31 SC415480 frs-core:FurnitureFittings 2024-02-01 2025-01-31 SC415480 frs-core:FurnitureFittings 2024-01-31 SC415480 frs-core:MotorVehicles 2025-01-31 SC415480 frs-core:MotorVehicles 2024-02-01 2025-01-31 SC415480 frs-core:MotorVehicles 2024-01-31 SC415480 frs-core:PlantMachinery 2025-01-31 SC415480 frs-core:PlantMachinery 2024-02-01 2025-01-31 SC415480 frs-core:PlantMachinery 2024-01-31 SC415480 frs-core:ShareCapital 2025-01-31 SC415480 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 SC415480 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 SC415480 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 SC415480 frs-bus:SmallEntities 2024-02-01 2025-01-31 SC415480 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 SC415480 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 SC415480 frs-bus:Director1 2024-02-01 2025-01-31 SC415480 frs-bus:Director1 2024-01-31 SC415480 frs-bus:Director1 2025-01-31 SC415480 1 2024-02-01 2025-01-31 SC415480 frs-core:CurrentFinancialInstruments 1 2025-01-31 SC415480 frs-countries:Scotland 2024-02-01 2025-01-31 SC415480 2023-01-31 SC415480 2024-01-31 SC415480 2023-02-01 2024-01-31 SC415480 frs-core:CurrentFinancialInstruments 2024-01-31 SC415480 frs-core:ShareCapital 2024-01-31 SC415480 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 SC415480 1 2023-02-01 2024-01-31 SC415480 frs-core:CurrentFinancialInstruments 1 2024-01-31
Registered number: SC415480
Genic Contracts Limited
Unaudited Financial Statements
For The Year Ended 31 January 2025
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: SC415480
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 377 317
377 317
CURRENT ASSETS
Debtors 5 28,520 17,115
Cash at bank and in hand 32,677 29,195
61,197 46,310
Creditors: Amounts Falling Due Within One Year 6 (18,926 ) (24,035 )
NET CURRENT ASSETS (LIABILITIES) 42,271 22,275
TOTAL ASSETS LESS CURRENT LIABILITIES 42,648 22,592
NET ASSETS 42,648 22,592
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 42,548 22,492
SHAREHOLDERS' FUNDS 42,648 22,592
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Thomas Scott
Director
12/04/2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Genic Contracts Limited is a private company, limited by shares, incorporated in Scotland, registered number SC415480 . The registered office is 15 Edison Street, Hillington, Glasgow, G52 4JW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover 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.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing Balance
Motor Vehicles 25% Straight Line
Fixtures & Fittings 25% Straight Line
Computer Equipment 33% Straight Line
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

3. Average Number of Employees
Average number of employees, including directors, during the year was:
2025 2024
Directors 1 1
1 1
Page 2
Page 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 February 2024 2,077 31,378 1,051 4,524 39,030
Additions - - - 565 565
As at 31 January 2025 2,077 31,378 1,051 5,089 39,595
Depreciation
As at 1 February 2024 2,077 31,378 1,051 4,207 38,713
Provided during the period - - - 505 505
As at 31 January 2025 2,077 31,378 1,051 4,712 39,218
Net Book Value
As at 31 January 2025 - - - 377 377
As at 1 February 2024 - - - 317 317
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 8,070 -
Other debtors - 824
CIS Debtor 15,494 11,335
Director's loan account 4,956 4,956
28,520 17,115
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 3,479 574
Corporation tax 13,148 2,269
VAT 714 -
Accruals and deferred income 1,585 21,192
18,926 24,035
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
Page 3
Page 4
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 February 2024 Amounts advanced Amounts repaid Amounts written off As at 31 January 2025
£ £ £ £ £
Mr Thomas Scott 4,956 - - - 4,956
Page 4