Gencell Technical Services Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 14675295

Gencell Technical Services Limited

Filleted Unaudited Financial Statements

28 February 2026

Gencell Technical Services Limited

Statement of Financial Position

28 February 2026

	2026		2025
Note	£	£	£

Fixed assets

Tangible assets	7		165,080	5,785

Current assets

Debtors	8	231,739	87,112
Cash at bank and in hand		520,419	337,885
		---------	---------
		752,158	424,997

Creditors: amounts falling due within one year	9	529,330		405,643
		---------		---------
Net current assets			222,828	19,354
			---------	--------
Total assets less current liabilities			387,908	25,139

Creditors: amounts falling due after more than one year	10	151,302	13,629
		---------	--------
Net assets		236,606	11,510
		---------	--------

Capital and reserves

Called up share capital	100	100
Profit and loss account	236,506	11,410
	---------	--------
Shareholders funds	236,606	11,510
	---------	--------

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 comprehensive income has not been delivered.

For the year ending 28 February 2026 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 .

Gencell Technical Services Limited

Statement of Financial Position (continued)

28 February 2026

These financial statements were approved by the board of directors and authorised for issue on 6 August 2026 , and are signed on behalf of the board by:

Mr G Mazzella	Mr M R Rossi
Director	Director

Company registration number: 14675295

Gencell Technical Services Limited

Notes to the Financial Statements

Year ended 28 February 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 128 City Road, London, EC1V 2NX.

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 goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

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.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

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:

Office Equipment	-	20% reducing balance
Electric Vehicles	-	20% straight line

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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial instruments

A financial asset or a financial liability is recognised only when the company 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. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

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. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. 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 12 (2025: 7 ).

5. Tax on profit

Major components of tax expense

	2026	2025
	£	£

Current tax:

UK current tax expense	57,875	23,659
	--------	--------
Tax on profit	57,875	23,659
	--------	--------

Reconciliation of tax expense

The tax assessed on the profit on ordinary activities for the year is the same as (2025: the same as) the standard rate of corporation tax in the UK of 25 % (2025: 24.55 %).

	2026	2025
	£	£
Profit on ordinary activities before taxation	387,971	99,824
	---------	--------
Profit on ordinary activities by rate of tax	57,875	23,659
	---------	--------

6. Dividends

	2026	2025
	£	£
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year )	105,000	74,000
	---------	--------

7. Tangible assets

	Equipment	User defined asset	Total
	£	£	£
Cost
At 1 March 2025	6,257	–	6,257
Additions	–	175,780	175,780
Disposals	( 206)	–	( 206)
	-------	---------	---------
At 28 February 2026	6,051	175,780	181,831
	-------	---------	---------
Depreciation
At 1 March 2025	472	–	472
Charge for the year	1,625	14,654	16,279
	-------	---------	---------
At 28 February 2026	2,097	14,654	16,751
	-------	---------	---------
Carrying amount
At 28 February 2026	3,954	161,126	165,080
	-------	---------	---------
At 28 February 2025	5,785	–	5,785
	-------	---------	---------

8. Debtors

	2026	2025
	£	£
Trade debtors	231,739	35,993
Other debtors	–	51,119
	---------	--------
	231,739	87,112
	---------	--------

9. Creditors: amounts falling due within one year

	2026	2025
	£	£
Trade creditors	279,247	228,437
Accruals and deferred income	55,259	63,000
Corporation tax	59,723	23,647
Social security and other taxes	100,065	63,578
Other creditors	35,036	26,981
	---------	---------
	529,330	405,643
	---------	---------

10. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Director loan accounts	12,914	13,629
Other creditors	138,388	–
	---------	--------
	151,302	13,629
	---------	--------

11. Related party transactions

During the year the company entered into the following transactions with related parties:

	Transaction value		Balance owed by/(owed to)
	2026	2025	2026	2025
	£	£	£	£
G Mazzella	( 40,748)	34,291	( 6,457)	34,291
M R Rossi	7,172	( 13,629)	( 6,457)	( 13,629)
Gencell Recruitment Services Ltd	( 40,031)	16,778	( 23,252)	16,779
Gencell EU Project Services SRLS	( 115,137)	–	( 115,136)	–
	---------	--------	---------	--------

i) Included in other debtors is one of the directors Mr G Mazzella 's current account balance of £Nil (2025: £34,291). There were no fixed payment terms, and no interest was chargeable to the Company in respect of this balance. ii) Included in the amounts falling due after more than one year is one of the directors Mr M R Rossi 's current account balance of £6,457 (2025: £13,629). There are no fixed payment terms, and no interest is chargeable to the Company in respect of this balance. iii) Included in the amounts falling due after more than one year is one of the directors Mr G Mazzella 's current account balance of £6,457 (2025: £Nil). There are no fixed payment terms, and no interest is chargeable to the Company in respect of this balance. iv) Included in the amounts falling due after more than one year, other creditors, is the amount due to Gencell Recruitment Services Ltd, the company under common control of the same directors. The balance outstanding at the year end was £23,252 (2025: the related party owed £16,779 to the Company). There are no fixed payment terms, and no interest is chargeable to the Company in respect of this balance. v) Included in the amounts falling due after more than one year, other creditors, is the amount due to Gencell EU Projects Services SRLS, the company under common control of the same directors. The balance outstanding at the year end was £115,136 (2025: £Nil). The amount is payable on demand with no fixed payment terms and an interest of £10,232 is charged on the balance due.