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Company Registration No. 04430049 (England and Wales)
Gen-Tech Products Limited Unaudited accounts for the year ended 31 March 2025
Gen-Tech Products Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Gen-Tech Products Limited Company Information for the year ended 31 March 2025
Director
Jason Hartwright
Company Number
04430049 (England and Wales)
Registered Office
The Corner House 4 Beaumont Road Church Stretton Shropshire SY6 6BN United Kingdom
Accountants
S A Acc'y Ltd The Corner House 4 Beaumont Road Church Stretton Shropshire SY6 6BN
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Gen-Tech Products Limited Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
5,031
275,536
Current assets
Inventories
17,904
19,699
Debtors
5
498,698
383,666
Cash at bank and in hand
112,586
90,220
629,188
493,585
Creditors: amounts falling due within one year
6
(275,754)
(131,056)
Net current assets
353,434
362,529
Total assets less current liabilities
358,465
638,065
Creditors: amounts falling due after more than one year
7
-
(50,850)
Provisions for liabilities
Deferred tax
(957)
(3,226)
Net assets
357,508
583,989
Capital and reserves
Called up share capital
100
100
Profit and loss account
357,408
583,889
Shareholders' funds
357,508
583,989
For the year ending 31 March 2025 the company was entitled to exemption from audit 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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 October 2025 and were signed on its behalf by
Jason Hartwright Director Company Registration No. 04430049
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Gen-Tech Products Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Gen-Tech Products Limited is a private company, limited by shares, registered in England and Wales, registration number 04430049. The registered office is The Corner House, 4 Beaumont Road, Church Stretton, Shropshire, SY6 6BN, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
5% per annum reducing balance
Plant & machinery
10% per annum reducing balance
Motor vehicles
25% per annum reducing balance
Fixtures & fittings
25% per annum reducing balance
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2024
285,033
14,000
11,076
52,548
362,657
Additions
-
-
-
648
648
Disposals
(285,033)
-
-
-
(285,033)
At 31 March 2025
-
14,000
11,076
53,196
78,272
Depreciation
At 1 April 2024
14,439
10,286
10,988
51,408
87,121
Charge for the year
-
371
9
179
559
On disposals
(14,439)
-
-
-
(14,439)
At 31 March 2025
-
10,657
10,997
51,587
73,241
Net book value
At 31 March 2025
-
3,343
79
1,609
5,031
At 31 March 2024
270,594
3,714
88
1,140
275,536
- 5 -
Gen-Tech Products Limited Notes to the Accounts for the year ended 31 March 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
110,359
114,767
Amounts due from group undertakings etc.
385,339
228,216
Accrued income and prepayments
3,000
-
Other debtors
-
40,683
498,698
383,666
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
348
10,791
Trade creditors
75,152
75,546
Taxes and social security
40,533
42,631
Other creditors
157,717
-
Loans from directors
329
413
Accruals
1,675
1,675
275,754
131,056
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
-
50,850
8
Transactions with related parties
During the year under review the company made loans to Gentech 2023 Ltd, an associated company of £157123 (2024: £228,216), owed at the year end £385339 (2024: £228,216).
9
Average number of employees
During the year the average number of employees was 2 (2024: 2).
- 6 -