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Registration number: 07251871

Geenix Sawmills Ltd
Unaudited Filleted Financial Statements
for the Year Ended 30 April 2025

Geenix Sawmills Ltd

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 9

Geenix Sawmills Ltd

Company Information

Directors | Paul Gee Louise Gee

Registered office | The Old Sawmill North Cave Brough East Yorkshire HU15 2PG

Accountants | Paul Bloor 8 Brough Road South Cave Brough East Yorkshire HU15 2BX

Geenix Sawmills Ltd

(Registration number: 07251871)
Balance Sheet as at 30 April 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 218,974 | 142,624
Current assets |  |  |
Debtors | 6 | 3,820 | -
Cash at bank and in hand |  | 90,598 | 60,188
|  | 94,418 | 60,188
Creditors: Amounts falling due within one year | 7 | (72,845) | (91,222)
Net current assets/(liabilities) |  | 21,573 | (31,034)
Total assets less current liabilities |  | 240,547 | 111,590
Creditors: Amounts falling due after more than one year | 7 | - | (3,444)
Net assets |  | 240,547 | 108,146
Capital and reserves |  |  |
Called up share capital | 8 | 2 | 2
Retained earnings |  | 137,074 | 108,144
Shareholders' funds |  | 137,076 | 108,146
Statement of financial position is out of balance |  | 103,471 | -

For the financial year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 9 October 2025 and signed on its behalf by:

......................................... Paul Gee Director

Geenix Sawmills Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
The Old Sawmill
North Cave
Brough
East Yorkshire
HU15 2PG
England

These financial statements were authorised for issue by the Board on 9 October 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Geenix Sawmills Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant & Machinery | 25% straight line basis
Office Equipment | 25% straight line basis
Motor Vehicles | 25% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Geenix Sawmills Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

Geenix Sawmills Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

4 | Tangible assets

| Fixtures and fittings £ | Plant and machinery £ | Motor vehicles £ | Total £
Cost or valuation
At 1 May 2024 | 1,645 | 392,922 | 20,250 | 414,817
Additions | 2,307 | 160,726 | - | 163,033
At 30 April 2025 | 3,952 | 553,648 | 20,250 | 577,850
Depreciation
At 1 May 2024 | 1,537 | 254,455 | 16,201 | 272,193
Charge for the year | 418 | 82,216 | 4,049 | 86,683
At 30 April 2025 | 1,955 | 336,671 | 20,250 | 358,876
Carrying amount
At 30 April 2025 | 1,997 | 216,977 | - | 218,974
At 30 April 2024 | 108 | 138,467 | 4,049 | 142,624

5 | Stocks

| 2025 £ | 2024 £

6 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 1,337 | -
Prepayments | 2,295 | -
Other debtors | 188 | -
| 3,820 | -

7 | Creditors

Creditors: amounts falling due within one year

Geenix Sawmills Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 9 | - | 8,874
Trade creditors |  | 4,412 | 2,515
Taxation and social security |  | - | 13,781
Accruals and deferred income |  | 1,880 | -
Other creditors |  | 66,553 | 66,052
|  | 72,845 | 91,222

Geenix Sawmills Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 9 | - | 3,444

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary Shares of £1 each | 2 | 2 | 2 | 2

9 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Other borrowings | - | 3,444

Current loans and borrowings

| 2025 £ | 2024 £
Other borrowings | - | 8,874

10 | Dividends

|  | 2025 |  | 2024
|  | £ |  | £

11 | Related party transactions

Geenix Sawmills Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Directors' remuneration

The directors' remuneration for the year was as follows:

| 2025 £ | 2024 £
Remuneration | 12,570 | 25,140