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COMPANY REGISTRATION NUMBER: 03321551

Genesis Distribution Limited

Filleted Unaudited Financial Statements

30 April 2025

Genesis Distribution Limited

Statement of Financial Position

30 April 2025

| 2025 | 2024
Note | £ | £ | £

Fixed assets

Tangible assets | 5 |  | 59,543 | 75,475
Investments | 6 |  | 2 | 2
|  | -------- | --------
|  | 59,545 | 75,477

Current assets

Debtors | 7 | 330,944 |  | 353,681
Cash at bank and in hand | 410,158 |  | 583,151
| --------- |  | ---------
| 741,102 |  | 936,832

Creditors: amounts falling due within one year | 8 | 188,820 |  | 164,258
| --------- |  | ---------
Net current assets |  | 552,282 | 772,574
|  | --------- | ---------
Total assets less current liabilities |  | 611,827 | 848,051

Provisions

Taxation including deferred tax | 14,886 |  | 18,869
Other provisions | 10,783 |  | 10,439
| -------- |  | --------
|  | 25,669 | 29,308
|  | --------- | ---------
Net assets |  | 586,158 | 818,743
|  | --------- | ---------

Capital and reserves

Called up share capital |  | 13,614 | 13,614
Share premium account |  | 26,000 | 26,000
Capital redemption reserve |  | 46,386 | 46,386
Profit and loss account |  | 500,158 | 732,743
|  | --------- | ---------
Shareholders funds |  | 586,158 | 818,743
|  | --------- | ---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Genesis Distribution Limited

Statement of Financial Position (continued)

30 April 2025
These financial statements were approved by the board of directors and authorised for issue on 14 January 2026 , and are signed on behalf of the board by:

M A Bennett
Director

Company registration number: 03321551

Genesis Distribution Limited

Notes to the Financial Statements

Year ended 30 April 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 5, Ty Coch Distribution Centre, Ty Coch Way, Cwmbran, Torfaen, NP44 7HF.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Motor Vehicles | - | 20% straight line
| Office Equipment | - | Over 3-10 years

Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 14 (2024: 19 ).
5. Tangible assets

| Motor vehicles | Equipment | Total
| £ | £ | £
Cost |  |  |
At 1 May 2024 and 30 April 2025 | 21,000 | 324,240 | 345,240
| -------- | --------- | ---------
Depreciation |  |  |
At 1 May 2024 | 21,000 | 248,765 | 269,765
Charge for the year | – | 15,932 | 15,932
| -------- | --------- | ---------
At 30 April 2025 | 21,000 | 264,697 | 285,697
| -------- | --------- | ---------
Carrying amount |  |  |
At 30 April 2025 | – | 59,543 | 59,543
| -------- | --------- | ---------
At 30 April 2024 | – | 75,475 | 75,475
| -------- | --------- | ---------

6. Investments

| Shares in group undertakings
| £
Cost |
At 1 May 2024 and 30 April 2025 | 2
| ----
Impairment |
At 1 May 2024 and 30 April 2025 | –
| ----

Carrying amount |
At 30 April 2025 | 2
| ----
At 30 April 2024 | 2
| ----

The company owns 100% of the issued share capital of Genesis Storage Limited, a company registered in England. The company is dormant and has not traded since incorporation.
7. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 295,706 | 298,330
Other debtors | 35,238 | 55,351
| --------- | ---------
| 330,944 | 353,681
| --------- | ---------

8. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Trade creditors | 140,995 | 119,997
Corporation tax | – | 2,548
Social security and other taxes | 32,987 | 25,982
Other creditors | 14,838 | 15,731
| --------- | ---------
| 188,820 | 164,258
| --------- | ---------

9. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:

| 2025 | 2024
| £ | £
Not later than 1 year | 178,409 | 19,204
Later than 1 year and not later than 5 years | 1,073,644 | 5,601
Later than 5 years | 7,949 | –
| ------------ | --------
| 1,260,002 | 24,805
| ------------ | --------

10. Directors' advances, credits and guarantees
During prior year, the company advanced the directors £30,000 of which £30,000 was repaid in current year. At the year end the directors owed the company £0. The loans were on interest free terms and repayable on demand.