COMPANY REGISTRATION NUMBER:
05103595
|
Genesis Integrated Systems Limited |
|
|
Filleted Financial Statements |
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|
Genesis Integrated Systems Limited |
|
Year ended 31 August 2025
|
Statement of financial position |
1 |
|
|
|
Notes to the financial statements |
2 |
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Genesis Integrated Systems Limited |
|
|
Statement of Financial Position |
|
31 August 2025
Current assets
|
Debtors |
5 |
133,407 |
133,240 |
|
|
|
|
|
Creditors: amounts falling due within one year |
6 |
21,769 |
21,602 |
|
--------- |
--------- |
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Net current assets |
111,638 |
111,638 |
|
--------- |
--------- |
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Total assets less current liabilities |
111,638 |
111,638 |
|
--------- |
--------- |
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|
|
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Capital and reserves
|
Called up share capital |
200 |
200 |
|
Capital redemption reserve |
100 |
100 |
|
Profit and loss account |
111,338 |
111,338 |
|
--------- |
--------- |
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Shareholders funds |
111,638 |
111,638 |
|
--------- |
--------- |
|
|
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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.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the
board of directors
and authorised for issue on
30 March 2026
, and are signed on behalf of the board by:
|
Mr M A H Kachingwe |
Mr S R Wootton |
|
Director |
Director |
|
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Company registration number:
05103595
|
Genesis Integrated Systems Limited |
|
|
Notes to the Financial Statements |
|
Year ended 31 August 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 1 Sovereign Park, Cleveland Way, Hemel Hempstead Industrial Estate, Hemel Hempstead, HP2 7DA, England.
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. The financial statements are prepared in sterling, which is the functional currency of the entity. Borrowing costs All borrowing costs are recognised in profit or loss in the period in which they are incurred.
Going concern
The directors have considered going concern with particular reference to the amounts owed to the company by other group companies. The directors have received confirmation of support from the other companies in the group and the group has also received confirmation from the ultimate shareholder that they will continue to support the entity to meet its liabilities as they fall due. The directors have no reason to believe that this will not be received, if required, and continue to prepare the accounts on this basis.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of Ilektra Limited as at 31st August 2025 which can be obtained from 27 New Dover Road, Canterbury, England, CT1 3DN. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented. (c) Disclosures in respect of share-based payments have not been presented. (d) No disclosure has been given for the aggregate remuneration of key management personnel. These exemptions have been applied on the basis that Ilektra Limited includes equivalent disclosures for
Genesis Integrated Systems Limited
in its consolidated financial statements prepared in accordance with UK GAAP.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2024:
2
).
5.
Debtors
|
2025 |
2024 |
|
£ |
£ |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
125,323 |
125,323 |
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Other debtors |
8,084 |
7,917 |
|
--------- |
--------- |
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133,407 |
133,240 |
|
--------- |
--------- |
|
|
|
6.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
21,769 |
21,602 |
|
-------- |
-------- |
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IGF Invoice Finance Limited (Charge number: Charge code 0510 3595 0001), a fixed charge over the property owned by Genesis Integrated Systems Ltd, all land vested in or charged to the owner including all Fixtures and Fittings and rent receivable, all plant & machinery including any associated warranties and maintenance contracts, all the goodwill of the owner's business, any uncalled capital, all stock, shares and other securities held by the owner or by a subsidiary of the owner, all intellectual property, licenses, claims, insurance policies, proceeds of any insurance and any other legal rights. Charge number 0510 3595 0001 also contains a floating charge over all of the other property, assets and rights of Genesis Integrated Systems Ltd which are not subject to a fixed charge by any party. The balance due at the period end is £Nil (2024: £Nil). Prefequity LLP (Charge number: 0510 3595 0002), a fixed charge over the property owned by Genesis Integrated Systems Ltd, all estates and interests in freehold, leasehold, heritable and other immovable property, all buildings, fixtures (including trade fixtures), fittings, and fixed plant or machinery at any time on that property, all easements, servitudes, rights and agreements in respect of that property, all rents from and proceeds of sale of that property, and the benefit of all covenants given in in respect of that property, all intellectual property including; patents, trademarks, service marks, designs, business names, copyrights, database rights, design rights, domain names, moral rights, inventions, confidential information, know-how and other intellectual property rights and interests, the benefits of all applications and rights to use such assets of the Chargers. Charge number 0510 3595 0002 also contains a floating charge over all of the other property, assets and rights of Genesis Integrated Systems Ltd which are not subject to a fixed charge by any party.
7.
Contingencies
The company has contingent liabilities of £1,318,860 (2024: £Nil) relating to consolidated group debt to the group's factoring providers. The company has contingent liabilities of £7,815,439 (2024: £Nil) relating to consolidated group debt to the group's finance providers.
8.
Summary audit opinion
The auditor's report dated
27 August 2026
was
unqualified
.
The senior statutory auditor was
Andrew Collyer MSc ACA
, for and on behalf of
Burgess Hodgson Audit Limited
.
9.
Related party transactions
Related party transactions with group companies have not been disclosed as consolidated accounts are prepared by the parent entity.
10.
Controlling party
The immediate parent of the company is Network Security And Alarms Limited. This company is registered at Unit 1, Sovereign Park, Cleveland Way, Hemel Hempstead Industrial Estate, Hemel Hempstead, England, HP2 7DA. The ultimate parent and controlling party, and the parent of both the largest and smallest group for which consolidated accounts are available, is
Ilektra Limited
. This company is registered at 27 New Dover Road, Canterbury, Kent, CT1 3DN
.