1 December 2023 false No description of principal activity Taxfiler 2024.6 12323995business:PrivateLimitedCompanyLtd2023-12-012024-11-30 123239952023-11-30 123239952023-12-012024-11-30 12323995business:AuditExemptWithAccountantsReport2023-12-012024-11-30 12323995business:FilletedAccounts2023-12-012024-11-30 123239952024-11-30 12323995business:Director12023-12-012024-11-30 12323995business:Director22023-12-012024-11-30 12323995business:RegisteredOffice2023-12-012024-11-30 123239952023-11-30 12323995core:WithinOneYear2024-11-30 12323995core:WithinOneYear2023-11-30 12323995core:AfterOneYear2024-11-30 12323995core:AfterOneYear2023-11-30 12323995core:ShareCapitalcore:PreviouslyStatedAmount2024-11-30 12323995core:ShareCapitalcore:PreviouslyStatedAmount2023-11-30 12323995core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-11-30 12323995core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-11-30 12323995core:PreviouslyStatedAmount2024-11-30 12323995core:PreviouslyStatedAmount2023-11-30 12323995business:SmallEntities2023-12-012024-11-30 12323995countries:EnglandWales2023-12-012024-11-30 12323995core:PlantMachinery2023-12-012024-11-30 12323995core:FurnitureFittings2023-12-012024-11-30 12323995core:ComputerEquipment2023-12-012024-11-30 12323995core:PlantMachinery2023-11-30 12323995core:FurnitureFittings2023-11-30 12323995core:ComputerEquipment2023-11-30 12323995core:PlantMachinery2024-11-30 12323995core:FurnitureFittings2024-11-30 12323995core:ComputerEquipment2024-11-30 12323995core:BetweenOneFiveYears2024-11-30 12323995core:BetweenOneFiveYears2023-11-30 123239952022-12-012023-11-30 iso4217:GBP xbrli:pure
Company Registration No. 12323995 (England and Wales)
GEN2 CONSTRUCTION LTD Unaudited accounts for the year ended 30 November 2024
GEN2 CONSTRUCTION LTD Unaudited accounts Contents
Page
- 2 -
GEN2 CONSTRUCTION LTD Company Information for the year ended 30 November 2024
Directors
Mr P O Wakeman Neil Barry Simmonds
Company Number
12323995 (England and Wales)
Registered Office
Bawtry Hall South Parade Bawtry, Doncaster DN10 6JH England
Accountants
D&K Accounting Ltd Beehive Offices Bawtry Hall Bawtry DN10 6JH
- 3 -
GEN2 CONSTRUCTION LTD Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,624 
2,033 
Current assets
Debtors
180,595 
45,067 
Cash at bank and in hand
1,824 
26,696 
182,419 
71,763 
Creditors: amounts falling due within one year
(158,263)
(42,372)
Net current assets
24,156 
29,391 
Total assets less current liabilities
29,780 
31,424 
Creditors: amounts falling due after more than one year
(27,336)
(31,248)
Net assets
2,444 
176 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
2,344 
76 
Shareholders' funds
2,444 
176 
For the year ending 30 November 2024 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 17 March 2025 and were signed on its behalf by
Mr P O Wakeman Director Company Registration No. 12323995
- 4 -
GEN2 CONSTRUCTION LTD Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
GEN2 CONSTRUCTION LTD is a private company, limited by shares, registered in England and Wales, registration number 12323995. The registered office is Bawtry Hall South Parade, Bawtry, Doncaster, DN10 6JH, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
25% Straight Line Method
Fixtures & fittings
25% Straight Line Method
Computer equipment
25% Straight Line Method
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 December 2023
576 
813 
1,110 
2,499 
Additions
- 
- 
5,621 
5,621 
At 30 November 2024
576 
813 
6,731 
8,120 
Depreciation
At 1 December 2023
204 
34 
228 
466 
Charge for the year
144 
203 
1,683 
2,030 
At 30 November 2024
348 
237 
1,911 
2,496 
Net book value
At 30 November 2024
228 
576 
4,820 
5,624 
At 30 November 2023
372 
779 
882 
2,033 
- 5 -
GEN2 CONSTRUCTION LTD Notes to the Accounts for the year ended 30 November 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
51,614 
17,017 
Accrued income and prepayments
100,000 
- 
Other debtors
28,981 
28,050 
180,595 
45,067 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
657 
VAT
20,622 
19,825 
Obligations under finance leases and hire purchase contracts
2,691 
- 
Trade creditors
1,175 
- 
Taxes and social security
91,774 
65,957 
Other creditors
42,001 
1,995 
Loans from directors
- 
(46,062)
158,263 
42,372 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
26,441 
31,248 
Obligations under finance leases and hire purchase contracts
895 
- 
27,336 
31,248 
8
Operating lease commitments
2024 
2023 
£ 
£ 
At 30 November 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
20,000 
20,000 
Later than one year and not later than five years
56,667 
76,667 
76,667 
96,667 
9
Average number of employees
During the year the average number of employees was 6 (2023: 6).
- 6 -