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REGISTERED NUMBER: 11664007 (England and Wales)















GENESIS BUSINESS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2025






GENESIS BUSINESS LIMITED (REGISTERED NUMBER: 11664007)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GENESIS BUSINESS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2025







DIRECTORS: P Hill-John
G M Hill-John





SECRETARY: P Hill-John





REGISTERED OFFICE: Pembroke House Ty Coch Lane
Llantarnam Park Way
Cwmbran
United Kingdom
NP44 3AU





REGISTERED NUMBER: 11664007 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

GENESIS BUSINESS LIMITED (REGISTERED NUMBER: 11664007)

BALANCE SHEET
31ST JANUARY 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 253,472
Tangible assets 5 21,901 633
21,901 254,105

CURRENT ASSETS
Debtors 6 22,268 11,688
Cash at bank 229,968 80,943
252,236 92,631
CREDITORS
Amounts falling due within one year 7 99,017 198,991
NET CURRENT ASSETS/(LIABILITIES) 153,219 (106,360 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

175,120

147,745

CREDITORS
Amounts falling due after more than one
year

8

(20,338

)

(8,884

)

PROVISIONS FOR LIABILITIES (4,161 ) (120 )
NET ASSETS 150,621 138,741

GENESIS BUSINESS LIMITED (REGISTERED NUMBER: 11664007)

BALANCE SHEET - continued
31ST JANUARY 2025

2025 2024
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 150,521 138,641
SHAREHOLDERS' FUNDS 150,621 138,741

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17th June 2025 and were signed on its behalf by:





G M Hill-John - Director


GENESIS BUSINESS LIMITED (REGISTERED NUMBER: 11664007)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2025

1. STATUTORY INFORMATION

Genesis Business Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of the business in 2020, is not being amortised.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


GENESIS BUSINESS LIMITED (REGISTERED NUMBER: 11664007)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2025

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1st February 2024 253,472 10,000 263,472
Disposals (253,472 ) - (253,472 )
At 31st January 2025 - 10,000 10,000
AMORTISATION
At 1st February 2024
and 31st January 2025 - 10,000 10,000
NET BOOK VALUE
At 31st January 2025 - - -
At 31st January 2024 253,472 - 253,472

GENESIS BUSINESS LIMITED (REGISTERED NUMBER: 11664007)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2025

5. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st February 2024 - 1,561 1,561
Additions 22,495 - 22,495
At 31st January 2025 22,495 1,561 24,056
DEPRECIATION
At 1st February 2024 - 928 928
Charge for year 937 290 1,227
At 31st January 2025 937 1,218 2,155
NET BOOK VALUE
At 31st January 2025 21,558 343 21,901
At 31st January 2024 - 633 633

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 12,570 11,311
Directors' current accounts 3,144 -
Prepayments 6,554 377
22,268 11,688

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts (see note 9) 6,539 6,084
Other loans (see note 9) 65,000 65,000
Hire purchase contracts 3,411 -
Trade creditors (1,556 ) 6,708
Corporation Tax 21,674 23,742
Social security and other taxes - 356
VAT 357 9,968
Other creditors 93 4,564
Directors' current accounts - 56,107
Accruals and deferred income 3,499 26,462
99,017 198,991

GENESIS BUSINESS LIMITED (REGISTERED NUMBER: 11664007)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2025

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2025 2024
£    £   
Bank loans (see note 9) 2,776 8,884
Hire purchase contracts 17,562 -
20,338 8,884

9. LOANS

An analysis of the maturity of loans is given below:

2025 2024
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 455 -
Bank loans 6,084 6,084
Other loans 65,000 65,000
71,539 71,084

Amounts falling due between one and two years:
Bank loans 2,776 8,884

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
51 Ordinary A £1 51 51
49 Ordinary B £1 49 49
100 100

11. RELATED PARTY DISCLOSURES

The company had an outstanding directors loan debtor at the year end of £3,144 (2024: 56,107 creditor)