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
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
GEN2 CONSTRUCTION LTD
Statement of financial position
as at 30 November 2024
Tangible assets
5,624
2,033
Cash at bank and in hand
1,824
26,696
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)
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
GEN2 CONSTRUCTION LTD
Notes to the Accounts
for the year ended 30 November 2024
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.
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:
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
At 30 November 2024
576
813
6,731
8,120
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
At 30 November 2024
228
576
4,820
5,624
At 30 November 2023
372
779
882
2,033
GEN2 CONSTRUCTION LTD
Notes to the Accounts
for the year ended 30 November 2024
Amounts falling due within one year
Trade debtors
51,614
17,017
Accrued income and prepayments
100,000
-
Other debtors
28,981
28,050
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
657
Obligations under finance leases and hire purchase contracts
2,691
-
Taxes and social security
91,774
65,957
Other creditors
42,001
1,995
Loans from directors
-
(46,062)
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
895
-
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
9
Average number of employees
During the year the average number of employees was 6 (2023: 6).