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Company Registration No. 15714267 (England and Wales)
Gencom Trading Limited Unaudited accounts for the year ended 31 March 2026
Gencom Trading Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Gencom Trading Limited Company Information for the year ended 31 March 2026
Director
Navin Khanna
Company Number
15714267 (England and Wales)
Registered Office
Flat 2 25 Palace Gate London London W8 5LS England
Accountants
Roy Accountants Ltd Chartered Accountants 28 Orchard Waye UXBRIDGE Hillingdon UB8 2BW
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Gencom Trading Limited Statement of financial position as at 31 March 2026
2026 
2025 
Notes
£ 
£ 
Current assets
Debtors
4
8,750 
10,000 
Cash at bank and in hand
385,843 
234,150 
394,593 
244,150 
Creditors: amounts falling due within one year
5
(54,073)
(36,100)
Net current assets
340,520 
208,050 
Net assets
340,520 
208,050 
Capital and reserves
Called up share capital
6
100,000 
100,000 
Profit and loss account
240,520 
108,050 
Shareholders' funds
340,520 
208,050 
For the year ending 31 March 2026 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 23 July 2026 and were signed on its behalf by
Navin Khanna Director Company Registration No. 15714267
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Gencom Trading Limited Notes to the Accounts for the year ended 31 March 2026
1
Statutory information
Gencom Trading Limited is a private company, limited by shares, registered in England and Wales, registration number 15714267. The registered office is Flat 2, 25 Palace Gate, London, London, W8 5LS, England.
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.
Presentation currency
The accounts are presented in £ sterling.
Going concern
The director have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
4
Debtors
2026 
2025 
£ 
£ 
Amounts falling due within one year
Other debtors
8,750 
10,000 
5
Creditors: amounts falling due within one year
2026 
2025 
£ 
£ 
Taxes and social security
44,220 
36,100 
Loans from directors
383 
- 
Accruals
9,470 
- 
54,073 
36,100 
6
Share capital
2026 
2025 
£ 
£ 
Allotted, called up and fully paid:
100,000 Ordinary shares of £1 each
100,000 
100,000 
7
Pension commitments
The company does not operate a pension scheme and had no pension commitments at the end of the financial year. Ad hoc contributions paid for the director are recognized in the profit and loss account when paid.2026 Nil (2025: £20,500).
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Gencom Trading Limited Notes to the Accounts for the year ended 31 March 2026
8
Operating lease commitments
2026 
2025 
£ 
£ 
At 31 March 2026 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
45,500 
- 
Later than one year and not later than five years
113,750 
- 
159,250 
- 
9
Transactions with related parties
Mr Navin Khanna (director) has been paid a salary of £165,000 (£90,500 in 2025) and paid accomodation benefit of £63,123.92 ( Nil in 2025). He has also been paid £902 for using his home as an office ( Nil in 2025). As at year end company owes Mr Khanna £382.72 ( Nil in 2025). The company is a 100% subsidiary of Oilex Trading Pvt. Ltd , a company incorporated in India. The smallest group in which the results of the company are consolidated is that headed by Oilex Trading Pvt. Ltd. The registered office of Oilex Trading Pvt. Ltd is 209 DDA Commercial Complex, Aurobindo Place, Hauz Khas, New Delhi - 110016.
10
Controlling party
The company’s immediate parent undertaking is Oilex Trading Pvt. Ltd. The directors consider the ultimate controlling party to be Mrs Ahilya Jain, who owns the majority of the issued share capital of the parent company.
11
Average number of employees
During the year the average number of employees was 1 (2025: 1).
12
Reconciliations on adoption of FRS 102
These financial statements for the year ended 31st March 2026 are the first financial statements of Gencom Trading prepared in accordance with FRS 102 Section 1A. The date of transition to FRS 102 Section 1A was 1 April 2025. The reported financial position and financial performance for previous periods have been restated to comply with these requirements.
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