REGISTERED NUMBER: 01923854 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Genesis Business Systems Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P R Greendale

D M Foster

SECRETARY:

Ms L J Jackson

REGISTERED OFFICE:

Goulton Street

Hull

East Yorkshire

HU3 4DD

REGISTERED NUMBER:

01923854 (England and Wales)

ACCOUNTANTS:

Marshall & Co

Chartered Accountants

& Chartered Tax Advisers

The Bloc

Springfield Way

Anlaby

Kingston upon Hull

East Yorkshire

HU10 6RJ

FIXED ASSETS

Intangible assets

4

618,191

625,039

Tangible assets

5

50,335

65,185

Investments

6

15,000

15,000

683,526

705,224

CURRENT ASSETS

Stocks

32,471

44,734

Debtors

7

364,799

270,842

Cash in hand

134

158

397,404

315,734

CREDITORS

Amounts falling due within one year

8

649,423

518,571

NET CURRENT LIABILITIES

(252,019

)

(202,837

)

TOTAL ASSETS LESS CURRENT LIABILITIES

431,507

502,387

CREDITORS

Amounts falling due after more than one year

9

2,016

11,764

NET ASSETS

429,491

490,623

CAPITAL AND RESERVES

Called up share capital

35,000

35,000

Share premium

270,000

270,000

Retained earnings

124,491

185,623

429,491

490,623

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 directors acknowledge their 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 Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

P R Greendale - Director

1.	STATUTORY INFORMATION

Genesis Business Systems 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 2010, is being amortised evenly over its estimated useful life of twenty 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.

Development costs are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 15 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 April 2024

384,590

1,157,073

1,541,663

Additions

-

91,328

91,328

At 31 March 2025

384,590

1,248,401

1,632,991

AMORTISATION

At 1 April 2024

230,754

685,870

916,624

Charge for year

15,384

82,792

98,176

At 31 March 2025

246,138

768,662

1,014,800

NET BOOK VALUE

At 31 March 2025

138,452

479,739

618,191

At 31 March 2024

153,836

471,203

625,039

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

232,891

Additions

1,997

Disposals

(75,087

)

At 31 March 2025

159,801

DEPRECIATION

At 1 April 2024

167,706

Charge for year

12,331

Eliminated on disposal

(70,571

)

At 31 March 2025

109,466

NET BOOK VALUE

At 31 March 2025

50,335

At 31 March 2024

65,185

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

15,000

NET BOOK VALUE

At 31 March 2025

15,000

At 31 March 2024

15,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Trade debtors

184,269

115,053

Amounts owed by group undertakings

94,629

119,327

Other debtors

85,901

36,462

364,799

270,842

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Bank loans and overdrafts

57,082

49,684

Trade creditors

77,736

67,340

Amounts owed to group undertakings

293

1,443

Social security and other taxes

62,804

54,009

Other creditors

101,035

123,620

Directors' current accounts

82,250

25,000

Deferred income

261,907

190,142

Accrued expenses

6,316

7,333

649,423

518,571

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

as restated

£

£

Bank loans - 1-2 years

2,016

11,764

10.	RELATED PARTY DISCLOSURES

At the year end the company owed £99,954 (2024 - £122,354) to a company under common control. The loan is non interest bearing and there are no formal terms of repayment.