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REGISTERED NUMBER: 12257838 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 October 2024

for

Genuine Parts Trading Limited

Genuine Parts Trading Limited (Registered number: 12257838)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Genuine Parts Trading Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: Mr R P Ashford
Miss S Radhakrishnan





REGISTERED OFFICE: Northfield House
Shurdington Road
Bentham
Cheltenham
Gloucestershire
GL51 4UA





REGISTERED NUMBER: 12257838 (England and Wales)





ACCOUNTANTS: ARC & Co. Accountants Limited
Northfield House
Shurdington Road
Bentham
Cheltenham
Gloucestershire
GL51 4UA

Genuine Parts Trading Limited (Registered number: 12257838)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 571 853

CURRENT ASSETS
Stocks 5 658,711 -
Debtors 6 181,335 59,473
Cash at bank 30,291 189,249
870,337 248,722
CREDITORS
Amounts falling due within one year 7 852,234 220,511
NET CURRENT ASSETS 18,103 28,211
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,674

29,064

CREDITORS
Amounts falling due after more than one
year

8

17,369

27,444
NET ASSETS 1,305 1,620

CAPITAL AND RESERVES
Called up share capital 9 2 1
Retained earnings 10 1,303 1,619
SHAREHOLDERS' FUNDS 1,305 1,620

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 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.

Genuine Parts Trading Limited (Registered number: 12257838)

Balance Sheet - continued
31 October 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 Board of Directors and authorised for issue on 15 July 2025 and were signed on its behalf by:





Miss S Radhakrishnan - Director


Genuine Parts Trading Limited (Registered number: 12257838)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Genuine Parts Trading 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.

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

Genuine Parts Trading Limited (Registered number: 12257838)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 November 2023
and 31 October 2024 3,666
DEPRECIATION
At 1 November 2023 2,813
Charge for year 282
At 31 October 2024 3,095
NET BOOK VALUE
At 31 October 2024 571
At 31 October 2023 853

5. STOCKS
31.10.24 31.10.23
£    £   
Stocks 658,711 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 112,380 29,969
Provision for doubtful debts (11,176 ) (11,176 )
Other debtors 34,291 30,000
VAT 1,132 413
Prepayments 44,708 10,267
181,335 59,473

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade creditors 719,697 184,910
Corporation tax 13,273 16,029
Directors' current accounts 320 121
Accrued expenses 118,944 19,451
852,234 220,511

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Bounce back loan 17,369 27,444

Genuine Parts Trading Limited (Registered number: 12257838)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
1 Ordinary £1 1 1
1 Ordinary B £1 1 -
2 1

Allotted and issued:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
1 Ordinary B £1 1 -

The following shares were issued during the year for cash at par :

1 Ordinary B share of £1

10. RESERVES
Retained
earnings
£   

At 1 November 2023 1,619
Profit for the year 50,684
Dividends (51,000 )
At 31 October 2024 1,303

11. RELATED PARTY DISCLOSURES

During the period a director, Miss S Radhakrishnan, made net deposits to her account of £199. The balance on her account at 31 October 2024 was £320 (2023 - £121).

12. ULTIMATE CONTROLLING PARTY

Miss S Radhakrishnan is the ultimate controlling party by virtue of her holding all of the company's issued voting share capital.