| GENEL 86 LIMITED |
| Registered number: |
03904096 |
| Balance Sheet |
| as at 31 January 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
3 |
|
|
1 |
|
|
1 |
| Tangible assets |
4 |
|
|
6,743 |
|
|
9,126 |
|
|
|
|
6,744 |
|
|
9,127 |
|
| Current assets |
| Stocks |
|
|
188,250 |
|
|
140,650 |
| Debtors |
5 |
|
124,662 |
|
|
160,922 |
| Cash at bank and in hand |
|
|
17,818 |
|
|
48,821 |
|
|
|
330,730 |
|
|
350,393 |
|
| Creditors: amounts falling due within one year |
6 |
|
(84,669) |
|
|
(80,955) |
|
| Net current assets |
|
|
|
246,061 |
|
|
269,438 |
|
| Total assets less current liabilities |
|
|
|
252,805 |
|
|
278,565 |
|
| Creditors: amounts falling due after more than one year |
7 |
|
|
(151,477) |
|
|
(151,477) |
|
|
| Net assets |
|
|
|
101,328 |
|
|
127,088 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
200,000 |
|
|
200,000 |
| Profit and loss account |
|
|
|
(98,672) |
|
|
(72,912) |
|
| Shareholders' funds |
|
|
|
101,328 |
|
|
127,088 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| A Patas |
| Director |
| Approved by the board on 30 December 2025 |
|
| GENEL 86 LIMITED |
| Notes to the Accounts |
| for the year ended 31 January 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. |
|
|
Intangible fixed assets |
|
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Goodwill has been written off in equal annual instalments over the estimated economic life of 5 years. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Fixtures, fittings and equipment |
15% per annum on cost |
|
Plant and machinery |
15% per annum on cost |
|
Motor vehicles |
25% per annum on cost |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are recognised at transaction price including any transaction costs less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
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 |
|
|
|
|
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
8 |
|
9 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Intangible fixed assets |
Goodwill |
| £ |
|
|
Cost |
|
At 1 February 2024 |
14,000 |
|
At 31 January 2025 |
14,000 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 February 2024 |
13,999 |
|
At 31 January 2025 |
13,999 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 January 2025 |
1 |
|
At 31 January 2024 |
1 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Tangible fixed assets |
|
|
Furniture, fixtures & equipment |
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
£ |
|
Cost |
|
At 1 February 2024 |
113,838 |
|
7,456 |
|
16,950 |
|
138,244 |
|
Additions |
169 |
|
- |
|
- |
|
169 |
|
At 31 January 2025 |
114,007 |
|
7,456 |
|
16,950 |
|
138,413 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 February 2024 |
106,362 |
|
5,808 |
|
16,948 |
|
129,118 |
|
Charge for the year |
1,934 |
|
618 |
|
- |
|
2,552 |
|
At 31 January 2025 |
108,296 |
|
6,426 |
|
16,948 |
|
131,670 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 January 2025 |
5,711 |
|
1,030 |
|
2 |
|
6,743 |
|
At 31 January 2024 |
7,476 |
|
1,648 |
|
2 |
|
9,126 |
|
|
| 5 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
117,518 |
|
154,119 |
|
Prepayments |
|
|
|
|
7,144 |
|
6,803 |
|
|
|
|
|
|
124,662 |
|
160,922 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade creditors |
64,524 |
|
57,832 |
|
Director 's and shareholders loan |
658 |
|
607 |
|
Accruals |
6,750 |
|
6,115 |
|
Taxation and social security |
8,481 |
|
14,154 |
|
Other creditors |
4,256 |
|
2,247 |
|
|
|
|
|
|
84,669 |
|
80,955 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Other creditors |
|
|
|
|
151,477 |
|
151,477 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Other information |
|
|
GENEL 86 LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
|
9 Beech Street |
|
Leicester |
|
LE5 0DF |