Company Registration No. 13891199 (England and Wales)
Geniefy Ltd
Unaudited accounts
for the year ended 28 February 2025
Geniefy Ltd
Unaudited accounts
Contents
Geniefy Ltd
Company Information
for the year ended 28 February 2025
Director
Sarveen Uthayakumar
Company Number
13891199 (England and Wales)
Registered Office
Unit 1
193 Garth Road
Morden
SM4 4LZ
United Kingdom
Accountants
KPK Accountants LImited
79
College Road
Harrow
HA1 1BD
Geniefy Ltd
Statement of financial position
as at 28 February 2025
Called up share capital not paid
100
100
Tangible assets
267,109
181,646
Cash at bank and in hand
-
162
Creditors: amounts falling due within one year
(157,062)
(137,009)
Net current liabilities
(157,062)
(130,243)
Total assets less current liabilities
110,147
51,503
Creditors: amounts falling due after more than one year
(117,365)
(84,424)
Net liabilities
(7,218)
(32,921)
Called up share capital
100
100
Profit and loss account
(7,318)
(33,021)
Shareholders' funds
(7,218)
(32,921)
For the year ending 28 February 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 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 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 and authorised for issue on 27 May 2025 and were signed on its behalf by
Sarveen Uthayakumar
Director
Company Registration No. 13891199
Geniefy Ltd
Notes to the Accounts
for the year ended 28 February 2025
Geniefy Ltd is a private company, limited by shares, registered in England and Wales, registration number 13891199. The registered office is Unit 1, 193 Garth Road, Morden, SM4 4LZ, United Kingdom.
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 year, 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:
4
Tangible fixed assets
Motor vehicles
At 28 February 2025
371,406
Charge for the year
58,634
At 28 February 2025
104,297
At 28 February 2025
267,109
At 29 February 2024
181,646
Amounts falling due within one year
Geniefy Ltd
Notes to the Accounts
for the year ended 28 February 2025
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
8,535
-
Obligations under finance leases and hire purchase contracts
58,634
33,286
Loans from directors
87,563
103,723
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
117,365
84,424
8
Average number of employees
During the year the average number of employees was 1 (2024: 1).