GENIE GOALS LTD

Company Registration Number:
12335867 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

GENIE GOALS LTD

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

GENIE GOALS LTD

Balance sheet

As at 31 December 2024


Notes
2024
2023


£
£
Fixed assets
Intangible assets: 3 2,500 5,500
Tangible assets: 4 27,920 8,726
Total fixed assets: 30,420 14,226
Current assets
Debtors:   1,069,609 1,235,634
Cash at bank and in hand: 18,544 61,862
Total current assets: 1,088,153 1,297,496
Creditors: amounts falling due within one year:   (571,209) (575,363)
Net current assets (liabilities): 516,944 722,133
Total assets less current liabilities: 547,364 736,359
Total net assets (liabilities): 547,364 736,359
Capital and reserves
Called up share capital: 166 232
Other reserves: 66 0
Profit and loss account: 547,132 736,127
Shareholders funds: 547,364 736,359

The notes form part of these financial statements

GENIE GOALS LTD

Balance sheet statements

For the year ending 31 December 2024 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 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 21 August 2025
and signed on behalf of the board by:

Name: TC Dunne
Status: Director

The notes form part of these financial statements

GENIE GOALS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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 and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery etc - 33% on cost

Intangible fixed assets and amortisation policy

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. Website is being amortised evenly over its estimated useful life of three years.

Other accounting policies

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. 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.

GENIE GOALS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

2024 2023
Average number of employees during the period 32 30

GENIE GOALS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Intangible Assets

Total
Cost £
At 01 January 2024 9,000
At 31 December 2024 9,000
Amortisation
At 01 January 2024 3,500
Charge for year 3,000
At 31 December 2024 6,500
Net book value
At 31 December 2024 2,500
At 31 December 2023 5,500

GENIE GOALS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Tangible Assets

Total
Cost £
At 01 January 2024 18,293
Additions 27,728
At 31 December 2024 46,021
Depreciation
At 01 January 2024 9,567
Charge for year 8,534
At 31 December 2024 18,101
Net book value
At 31 December 2024 27,920
At 31 December 2023 8,726

GENIE GOALS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Related party transactions

The controlling party is TC Dunne.