01 January 2024 31 December 2024 No principle activity is included 05893002 2024-01-01 05893002 2024-12-31 05893002 2024-01-01 2024-12-31 05893002 2023-12-31 05893002 2023-01-01 2023-12-31 05893002 uk-core:WithinOneYear 2024-12-31 05893002 uk-core:WithinOneYear 2023-12-31 05893002 uk-core:AfterOneYear 2024-12-31 05893002 uk-core:AfterOneYear 2023-12-31 05893002 uk-core:ShareCapital 2024-12-31 05893002 uk-core:ShareCapital 2023-12-31 05893002 uk-core:RetainedEarningsAccumulatedLosses 2024-12-31 05893002 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 05893002 uk-bus:Director1 2024-01-01 2024-12-31 05893002 uk-bus:RegisteredOffice 2024-01-01 2024-12-31 05893002 uk-curr:PoundSterling 2024-01-01 2024-12-31 05893002 uk-core:PlantMachinery 2024-01-01 2024-12-31 05893002 uk-core:Vehicles 2024-01-01 2024-12-31 05893002 uk-core:FurnitureFittings 2024-01-01 2024-12-31 05893002 uk-core:OfficeEquipment 2024-01-01 2024-12-31 05893002 uk-core:VehiclesPlantMachinery 2023-12-31 05893002 uk-core:VehiclesPlantMachinery 2024-12-31 05893002 uk-core:VehiclesPlantMachinery 2024-01-01 2024-12-31 05893002 uk-core:BetweenTwoFiveYears 2024-12-31 05893002 uk-core:BetweenTwoFiveYears 2023-12-31 05893002 uk-bus:FRS102 2024-01-01 2024-12-31 05893002 uk-bus:FullAccounts 2024-01-01 2024-12-31 05893002 uk-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 05893002 uk-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
  GENESIS EMPLOYMENT SERVICES LIMITED
   
   
   
  UNAUDITED FINANCIAL STATEMENTS
   
   
  FOR THE YEAR ENDED 31 DECEMBER 2024
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
  GENESIS EMPLOYMENT SERVICES LIMITED
  FINANCIAL STATEMENTS
  FOR THE YEAR ENDED 31 DECEMBER 2024
       
       
  DIRECTORS
       
  G E Frost
  R J Frost
  R Evans (appointed 3 April 2024)
       
       
  SECRETARY
       
  R J Frost
       
  REGISTERED OFFICE
       
  Second Floor, 8 Hay Lane, Coventry, CV1 5RF.
       
       
  COMPANY REGISTERED NUMBER
       
  05893002
       
       
  BANKERS
       
  Lloyds Bank plc
       
       
  ACCOUNTANTS
       
  Lyness Accountancy Practice Limited
  Chartered Certified Accountants
  78 Birmingham Street, Oldbury, West Midlands, B69 4EB.
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
  page 1
  GENESIS EMPLOYMENT SERVICES LIMITED
  FINANCIAL STATEMENTS
  FOR THE YEAR ENDED 31 DECEMBER 2024
       
       
       
       
  CONTENTS
       
  Pages
       
       
  3-4 Statement of Financial Position  
       
       
  5-8 Notes to the Financial Statements  
       
     
  page 2
  GENESIS EMPLOYMENT SERVICES LIMITED
  Company registered number: 05893002
  STATEMENT OF FINANCIAL POSITION AT 31 December 2024
           
    Note 2024 2023
      £ £ £
  FIXED ASSETS
  Property, plant and equipment 3 18,614 21,898
  CURRENT ASSETS    
  Debtors 4 1,040,512 734,291
  Cash at bank and in hand   1,397,616 1,270,484
      2,438,128 2,004,775
  CREDITORS: Amounts falling due within one year 5 1,601,803 1,173,846
  NET CURRENT ASSETS   836,325 830,929
  TOTAL ASSETS LESS CURRENT LIABILITIES   854,939 852,827
           
  CREDITORS: Amounts falling due after more than one year 6 (50,000) (100,000)
           
  PROVISIONS FOR LIABILITIES   (3,457) (4,064)
  NET ASSETS   £801,482 £748,763
       
  CAPITAL AND RESERVES
  Called up share capital   2 2
  Retained earnings   801,480 748,761
  SHAREHOLDERS' FUNDS   £801,482 £748,763
       
  The notes on pages 5-8 form part of these financial statements
   
  page 3
  GENESIS EMPLOYMENT SERVICES LIMITED
  Company registered number: 05893002
  STATEMENT OF FINANCIAL POSITION AT 31 December 2024 (CONT.)
           
    Note 2024 2023
      £ £ £
       
  In approving these financial statements as directors of the company we hereby confirm the following:
       
  For the year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
       
  The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with section 476 of the Companies Act 2006.
       
  The directors acknowledge their responsibilities for: 1) ensuring that the company keeps accounting records which comply with Sections 386 and 386 of the Companies Act 2006, and 2) preparing financial statements that give a true and fair view of the state of affairs of the company at at the end of each financial year and of its profit or loss for the 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 the financial statements, so far as they are applicable to the company.
 
 
  These financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies
       
  In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
  The financial statements were approved and authorised for issue by the board of directors on 26 June 2025
 
  Signed on behalf of the board of directors
 
       
  G E Frost, Director
       
       
  The notes on pages 5-8 form part of these financial statements
   
  page 4
  GENESIS EMPLOYMENT SERVICES LIMITED
  NOTES TO THE ACCOUNTS
  FOR THE YEAR ENDED 31 DECEMBER 2024
       
 
1. SIGNIFICANT ACCOUNTING POLICIES
       
         
1a. Statement of compliance
         
  Genesis Employment Services Limited, company number 05893002 is a private company limited by shares incorporated in England & Wales.
         
  Registered office:
  Second Floor, 8 Hay Lane, Coventry, CV1 5RF.
         
1b. Basis of accounting
         
  These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. There were no material departures from that standard.
         
  The financial statements have been prepared under the historical cost convention. The presentation currency is £ sterling.
         
1c. Revenue recognition
         
  Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
         
1d. Taxation
         
  Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. The measurement of deferred tax liabilities and assets reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities. Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
         
 
         
 
       
1e. Property, plant and equipment
       
  Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.
       
  Plant and machinery Reducing balance 25%  
  Vehicles Reducing balance 25%  
  Fixtures and fittings Reducing balance 15%  
  Equipment Reducing balance 15%  
  The notes on pages 5-8 form part of these financial statements
   
  page 5
  GENESIS EMPLOYMENT SERVICES LIMITED
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 31 DECEMBER 2024
       
 
1. SIGNIFICANT ACCOUNTING POLICIES (CONT.)
         
1f. Short term debtors and creditors
         
  Debtors and creditors receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in profit and loss.
         
         
1g. Interest bearing borrowings
         
  All interest-bearing loans and borrowings which are basic financial instruments are initially recognised at the present value of cash payable to the bank (including interest). After initial recognition they are measured at amortised cost using the effective interest rate method, less impairment. Any difference between the amount initially recognised and redemption value is recognised in profit and loss together with any interest and fees payable.
         
         
1h. Leased assets
         
  Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the Company are capitalised in the balance sheet and are depreciated over the shorter of the lease term and the asset's useful life. A corresponding liability is recognised for the lower of the fair value of the leased asset and the present value of the minimum lease payments in the balance sheet. Lease payments are apportioned between the reduction of the lease liability and finance charges in the income statement so as to achieve a constant rate of interest on the remaining balance of the liability. Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term. Lease incentives are recognised over the lease term on a straight line basis.
         
 
         
         
1i. Employee benefits
         
  The obligations for contributions to defined contribution scheme are recognised as an expense as incurred. The assets of the scheme are held separately from those of the Company in an independent administered fund.
         
       
       
2. DIRECTORS AND EMPLOYEES
       
  The average weekly number of employees during the year were as follows:
    2024 2023
    No. No.
  Management and administration 12 12
   
  The notes on pages 5-8 form part of these financial statements
   
  page 6
  GENESIS EMPLOYMENT SERVICES LIMITED
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 31 DECEMBER 2024
       
3. PROPERTY, PLANT AND EQUIPMENT
    Plant &  
    Machinery Total
    £ £
  Cost
       
  At 1 January 2024 60,729 60,729
       
  At 31 December 2024 60,729 60,729
   
  Depreciation
       
  At 1 January 2024 38,831 38,831
  For the year 3,284 3,284
  At 31 December 2024 42,115 42,115
   
  Net Book Amounts
       
  At 31 December 2024 18,614 18,614
  At 31 December 2023 21,898 21,898
   
       
       
4. DEBTORS 2024 2023
    £ £
  Trade debtors 958,403 667,902
  Other debtors 82,109 66,389
    £1,040,512 £734,291
   
       
       
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
    2024 2023
    £ £
  Amounts owed to factor 161,642 74,223
  Bank loans and overdrafts 50,000 50,000
  Trade creditors 15,894 14,389
  Corporation tax 66,860 83,670
  Other taxes and social security 867,263 710,645
  Other creditors 31,225 66,483
  Accruals and deferred income 408,919 174,436
    £1,601,803 £1,173,846
   
       
  The notes on pages 5-8 form part of these financial statements
   
  page 7
  GENESIS EMPLOYMENT SERVICES LIMITED
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 31 DECEMBER 2024
       
       
6. CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR
    2024 2023
    £ £
  Bank loans and overdrafts 50,000 100,000
    £50,000 £100,000
   
       
       
  Analysis of borrowings:
       
  Due within five years:
  within 1 year
  bank 50,000 50,000
  other 161,642 74,223
  within 2-5 years
  bank 50,000 100,000
    £261,642 £224,223
   
  The notes on pages 5-8 form part of these financial statements
   
  page 8