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Company Registration No. 07836504 (England and Wales)
GENUINE CENTRE LTD Amended Unaudited accounts for the year ended 30 November 2024
GENUINE CENTRE LTD Amended Unaudited accounts Contents
Page
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GENUINE CENTRE LTD Company Information for the year ended 30 November 2024
Directors
Imtiyaz Omer Makbul Mohamadbhai
Company Number
07836504 (England and Wales)
Registered Office
UNIT A2, HARRISON TRADING ESTATE LONGWORTH STREET PRESTON PR1 5DL ENGLAND
Accountants
SMART ACCOUNTING (NW) LTD 239 RIBBLETON LANE PRESTON PR1 5EA
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GENUINE CENTRE LTD Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
34,301 
34,301 
Current assets
Inventories
354,159 
654,159 
Debtors
358,395 
329,001 
Investments
18,301 
18,301 
Cash at bank and in hand
594,505 
309,024 
1,325,360 
1,310,485 
Creditors: amounts falling due within one year
(944,903)
(894,371)
Net current assets
380,457 
416,114 
Net assets
414,758 
450,415 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
414,658 
450,315 
Shareholders' funds
414,758 
450,415 
For the year ending 30 November 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 14 April 2025 and were signed on its behalf by
Imtiyaz Omer Director Company Registration No. 07836504
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GENUINE CENTRE LTD Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
GENUINE CENTRE LTD is a private company, limited by shares, registered in England and Wales, registration number 07836504. The registered office is UNIT A2, HARRISON TRADING ESTATE, LONGWORTH STREET, PRESTON, PR1 5DL, ENGLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on WDV
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 December 2023
5,729 
4,448 
38,932 
16,875 
65,984 
At 30 November 2024
5,729 
4,448 
38,932 
16,875 
65,984 
Depreciation
At 1 December 2023
1,579 
890 
19,001 
10,213 
31,683 
At 30 November 2024
1,579 
890 
19,001 
10,213 
31,683 
Net book value
At 30 November 2024
4,150 
3,558 
19,931 
6,662 
34,301 
At 30 November 2023
4,150 
3,558 
19,931 
6,662 
34,301 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
120,923 
91,529 
Accrued income and prepayments
85,472 
85,472 
Other debtors
152,000 
152,000 
358,395 
329,001 
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GENUINE CENTRE LTD Notes to the Accounts for the year ended 30 November 2024
6
Investments held as current assets
2024 
2023 
£ 
£ 
Listed investments
10,000 
10,000 
Unlisted investments
8,301 
8,301 
18,301 
18,301 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
138,583 
184,166 
VAT
143,077 
224,899 
Trade creditors
556,594 
349,243 
Taxes and social security
97,579 
41,573 
Loans from directors
- 
85,420 
Accruals
9,070 
9,070 
944,903 
894,371 
8
Average number of employees
During the year the average number of employees was 13 (2023: 13).
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