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REGISTERED NUMBER: 07361633 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 30 September 2024

for

GENIE PRIVATE TUTORS FRANCHISES LTD

GENIE PRIVATE TUTORS FRANCHISES LTD (REGISTERED NUMBER: 07361633)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


GENIE PRIVATE TUTORS FRANCHISES LTD (REGISTERED NUMBER: 07361633)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,326 3,102

CURRENT ASSETS
Debtors 5 6,186 8,881
Cash at bank 1,483 4,023
7,669 12,904
CREDITORS
Amounts falling due within one year 6 9,050 11,012
NET CURRENT (LIABILITIES)/ASSETS (1,381 ) 1,892
TOTAL ASSETS LESS CURRENT
LIABILITIES

945

4,994

PROVISIONS FOR LIABILITIES 392 454
NET ASSETS 553 4,540

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 552 4,539
553 4,540

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

GENIE PRIVATE TUTORS FRANCHISES LTD (REGISTERED NUMBER: 07361633)

Balance Sheet - continued
30 September 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 June 2025 and were signed by:





Luke Scrutton - Director


GENIE PRIVATE TUTORS FRANCHISES LTD (REGISTERED NUMBER: 07361633)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Genie Private Tutors Franchises Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07361633

Registered office: 2 Wheeleys Road
Edgbaston
Birmingham
West Midlands
B15 2LD

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each assent over its estimated useful life:

Fixtures and Fittings: 25% reducing balance
Computer Equipment: 25% reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

GENIE PRIVATE TUTORS FRANCHISES LTD (REGISTERED NUMBER: 07361633)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023
and 30 September 2024 11,239
DEPRECIATION
At 1 October 2023 8,137
Charge for year 776
At 30 September 2024 8,913
NET BOOK VALUE
At 30 September 2024 2,326
At 30 September 2023 3,102

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Other debtors 3,852 8,881

Amounts falling due after more than one year:
Other debtors 2,334 -

Aggregate amounts 6,186 8,881

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 79 52
Trade creditors 1,360 3,080
Taxation and social security 7,611 7,880
9,050 11,012

GENIE PRIVATE TUTORS FRANCHISES LTD (REGISTERED NUMBER: 07361633)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
Luke Scrutton
Balance outstanding at start of year 8,881 7,908
Amounts advanced 30,000 42,951
Amounts repaid (35,469 ) (41,978 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,412 8,881

Dividends during the year = £15,000 (£21,000 in 2023)