Registered number
08762787
Genesis Roofing Limited
Filleted Accounts
31 March 2025
Genesis Roofing Limited
Registered number: 08762787
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 12,412 2,558
Current assets
Debtors 4 41,571 43,892
Cash at bank and in hand 18,473 36,642
60,044 80,534
Creditors: amounts falling due within one year 5 (8,113) (11,138)
Net current assets 51,931 69,396
Net assets 64,343 71,954
Capital and reserves
Called up share capital 100 100
Profit and loss account 64,243 71,854
Shareholders' funds 64,343 71,954
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Clive Berry
Director
Approved by the board on 11 July 2025
Genesis Roofing Limited
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Motor vehicles 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2024 167 26,837 27,004
Additions - 13,991 13,991
At 31 March 2025 167 40,828 40,995
Depreciation
At 1 April 2024 158 24,288 24,446
Charge for the year 2 4,135 4,137
At 31 March 2025 160 28,423 28,583
Net book value
At 31 March 2025 7 12,405 12,412
At 31 March 2024 9 2,549 2,558
4 Debtors 2025 2024
£ £
Trade debtors 19,300 14,743
Other debtors 22,271 29,149
41,571 43,892
5 Creditors: amounts falling due within one year 2025 2024
£ £
Taxation and social security costs 7,205 10,237
Other creditors 908 901
8,113 11,138
6 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Director
Loan 9,994 - (9,994) -
9,994 - (9,994) -
7 Other information
Genesis Roofing Limited is a private company limited by shares and incorporated in England. Its registered office is:
Brewery House
High Street
Twyford
Winchester
SO21 1RG
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