The Genie VA Ltd


Director	SMITH, Holly


Registered Address	1a Latimer Street
	Leicester
	LE3 0QF


Registered Number	14538527 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Intangible assets	3		7,800		10,400
Tangible assets			1,779		467
			9,579		10,867
Current assets
Debtors		337		-
Cash at bank and on hand		2,611		5,385
		2,948		5,385
Creditors amounts falling due within one year	4	(8,526)		(6,749)
Net current assets (liabilities)			(5,578)		(1,364)
Total assets less current liabilities			4,001		9,503
Net assets			4,001		9,503
Capital and reserves
Called up share capital			100		100
Profit and loss account			3,901		9,403
Shareholders' funds			4,001		9,503

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 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 and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 13 February 2025, and are signed on its behalf by:

SMITH, Holly
Director
Registered Company No. 14538527

The Genie VA Ltd

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	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.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Intangible assets
	Acquired Goodwill is amortised over its useful life, which is maximised at 5 years.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Office Equipment	3

2.	Average number of employees


		2024		2023
	Average number of employees during the year	0		1

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 January 24	13,000	13,000
At 31 December 24	13,000	13,000
Amortisation and impairment
At 01 January 24	2,600	2,600
Charge for year	2,600	2,600
At 31 December 24	5,200	5,200
Net book value
At 31 December 24	7,800	7,800
At 31 December 23	10,400	10,400

4.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	57	14
Taxation and social security	1,599	4,280
Other creditors	6,870	2,455
Total	8,526	6,749


	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.