Genesys Solutions Limited - Limited company accounts 11.7

REGISTERED NUMBER: 03658647 (England and Wales)

Report of the Director and

Financial Statements

for the Year Ended

31 October 2014

for

Genesys Solutions Limited

Page

Company Information

1

Report of the Director

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTOR:

D Carse

SECRETARY:

R B Wallond

REGISTERED OFFICE:

4 Station Way

Claygate

Esher

Surrey

KT10 0QS

REGISTERED NUMBER:

03658647 (England and Wales)

ACCOUNTANTS:

Ascot Drummond

Suite 12

River Court

5 West Victoria Dock Road

Dundee

DD1 3JT

The director presents his report with the financial statements of the company for the year ended 31 October 2014.

DIRECTOR

D Carse held office during the whole of the period from 1 November 2013 to the date of this report.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating

to small companies.

ON BEHALF OF THE BOARD:

D Carse - Director

13 July 2015

TURNOVER

99,483

47,435

Administrative expenses

17,214

14,036

OPERATING PROFIT and

PROFIT ON ORDINARY ACTIVITIES
BEFORE TAXATION

2

82,269

33,399

Tax on profit on ordinary activities

3

16,531

6,682

PROFIT FOR THE FINANCIAL YEAR

65,738

26,717

FIXED ASSETS

Tangible assets

5

904

1,307

CURRENT ASSETS

Debtors

6

2,160

884

Cash at bank

102,027

36,575

104,187

37,459

CREDITORS

Amounts falling due within one year

7

24,269

6,682

NET CURRENT ASSETS

79,918

30,777

TOTAL ASSETS LESS CURRENT
LIABILITIES

80,822

32,084

CAPITAL AND RESERVES

Called up share capital

8

1

Profit and loss account

9

80,821

32,083

SHAREHOLDERS' FUNDS

80,822

32,084

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the director on 13 July 2015 and were signed by:

D Carse - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	OPERATING PROFIT

The operating profit is stated after charging:

31.10.14

31.10.13

£

Depreciation - owned assets

403

486

Director's remuneration and other benefits etc

7,846

7,607

3.

TAXATION

Analysis of the tax charge

The tax charge on the profit on ordinary activities for the year was as follows:

31.10.14

31.10.13

£

Current tax:

UK corporation tax

16,531

6,682

Tax on profit on ordinary activities

16,531

6,682

4.

DIVIDENDS

31.10.14

31.10.13

£

Ordinary share of 1

Final

17,000

30,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2013

and 31 October 2014

8,703

DEPRECIATION

At 1 November 2013

7,396

Charge for year

403

At 31 October 2014

7,799

NET BOOK VALUE

At 31 October 2014

904

At 31 October 2013

1,307

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.14

31.10.13

£

Trade debtors

2,160

-

Other debtors

-

884

2,160

884

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.14

31.10.13

£

Taxation and social security

20,994

6,682

Other creditors

3,275

-

24,269

6,682

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.14

31.10.13

value:

£

1

Ordinary

1

9.

RESERVES

Profit

and loss

account

£

At 1 November 2013

32,083

Profit for the year

65,738

Dividends

(17,000

)

At 31 October 2014

80,821