Company Registration No. 08346334 (England and Wales)
Gen-Lec Limited
Unaudited accounts
for the year ended 31 January 2025
Gen-Lec Limited
Unaudited accounts
Contents
Gen-Lec Limited
Company Information
for the year ended 31 January 2025
Company Number
08346334 (England and Wales)
Registered Office
THE CORNER HOUSE
Beaumont Road
Church Stretton
SHROPSHIRE
SY6 6BN
Accountants
S A Acc'y Ltd
The Corner House
4 Beaumont Road
Church Stretton
Shropshire
SY6 6BN
Gen-Lec Limited
Statement of financial position
as at 31 January 2025
Tangible assets
15,511
19,872
Inventories
508,139
443,603
Cash at bank and in hand
22,326
10,829
Creditors: amounts falling due within one year
(878,627)
(1,060,329)
Net current assets
131,915
49,783
Total assets less current liabilities
147,426
69,655
Creditors: amounts falling due after more than one year
(153,558)
(63,492)
Provisions for liabilities
Deferred tax
(3,930)
(3,776)
Net (liabilities)/assets
(10,062)
2,387
Called up share capital
100
100
Profit and loss account
(10,162)
2,287
Shareholders' funds
(10,062)
2,387
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 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 12 June 2025 and were signed on its behalf by
A Childs
Director
Company Registration No. 08346334
Gen-Lec Limited
Notes to the Accounts
for the year ended 31 January 2025
Gen-Lec Limited is a private company, limited by shares, registered in England and Wales, registration number 08346334. The registered office is THE CORNER HOUSE, Beaumont Road, Church Stretton, SHROPSHIRE, SY6 6BN.
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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% per annum on reducing balance
Motor vehicles
25% per annum on cost
Fixtures & fittings
25% per annum on reducing balance
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 February 2024
32,500
65,237
97,737
At 31 January 2025
32,500
66,047
98,547
At 1 February 2024
17,031
60,834
77,865
Charge for the year
3,867
1,304
5,171
At 31 January 2025
20,898
62,138
83,036
At 31 January 2025
11,602
3,909
15,511
At 31 January 2024
15,469
4,403
19,872
Gen-Lec Limited
Notes to the Accounts
for the year ended 31 January 2025
Amounts falling due within one year
Trade debtors
445,990
622,927
Accrued income and prepayments
34,087
32,753
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
428,854
440,007
Obligations under finance leases and hire purchase contracts
11,002
8,093
Trade creditors
380,080
549,025
Taxes and social security
57,818
62,181
Loans from directors
873
1,023
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
-
10,450
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 3 (2024: 6).