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REGISTERED NUMBER: 12338891 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

The Genuine Service Company Limited

The Genuine Service Company Limited (Registered number: 12338891)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


The Genuine Service Company Limited

Company Information
for the Year Ended 31 March 2025







DIRECTOR: A J Cooke





SECRETARY:





REGISTERED OFFICE: 36A Market Street
New Mills
High Peak
SK22 4AA





REGISTERED NUMBER: 12338891 (England and Wales)





ACCOUNTANTS: DLA Chartered Accountants
36A Market Street
New Mills
High Peak
SK22 4AA

The Genuine Service Company Limited (Registered number: 12338891)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 1,587
Tangible assets 5 12,867 13,479
12,867 15,066

CURRENT ASSETS
Stocks 6 3,350 3,350
Cash at bank and in hand 45,011 27,981
48,361 31,331
CREDITORS
Amounts falling due within one year 7 39,990 33,451
NET CURRENT ASSETS/(LIABILITIES) 8,371 (2,120 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,238

12,946

CREDITORS
Amounts falling due after more than one
year

8

9,259

11,481
NET ASSETS 11,979 1,465

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 11,879 1,365
SHAREHOLDERS' FUNDS 11,979 1,465

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 9 July 2025 and were signed by:





A J Cooke - Director


The Genuine Service Company Limited (Registered number: 12338891)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

The Genuine Service Company 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 25% on cost
Computer equipment - 33% on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

The Genuine Service Company Limited (Registered number: 12338891)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 12,000
AMORTISATION
At 1 April 2024 10,413
Charge for year 1,587
At 31 March 2025 12,000
NET BOOK VALUE
At 31 March 2025 -
At 31 March 2024 1,587

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1 April 2024 16,240 13,890 391 30,521
Additions - 1,312 - 1,312
Disposals - (220 ) - (220 )
At 31 March 2025 16,240 14,982 391 31,613
DEPRECIATION
At 1 April 2024 3,436 13,348 258 17,042
Charge for year 1,145 595 129 1,869
Eliminated on disposal - (165 ) - (165 )
At 31 March 2025 4,581 13,778 387 18,746
NET BOOK VALUE
At 31 March 2025 11,659 1,204 4 12,867
At 31 March 2024 12,804 542 133 13,479

6. STOCKS
31.3.25 31.3.24
£    £   
Stocks 3,350 3,350

The Genuine Service Company Limited (Registered number: 12338891)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts 2,222 2,222
Trade creditors 1,016 895
Tax 4,272 2,342
Social security and other taxes 1,343 911
VAT 7,959 7,385
Other creditors 318 300
Pension Control - 48
Directors' current accounts 21,960 18,508
Accrued expenses 900 840
39,990 33,451

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans - 1-2 years 2,222 2,222
Bank loans - 2-5 years 6,666 6,666
Bank loans more 5 yr by instal 371 2,593
9,259 11,481

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 371 2,593