Company Registration No. 11981963 (England and Wales)
GENERIS LIFE LTD
Unaudited accounts
for the year ended 31 May 2022
GENERIS LIFE LTD
Unaudited accounts
Contents
GENERIS LIFE LTD
Company Information
for the year ended 31 May 2022
Directors
Colin Andrzej Kaczor
Lucy Hancock
Company Number
11981963 (England and Wales)
Registered Office
6 ARISTOTLE ROAD
LONDON
SW4 7UZ
ENGLAND
Accountants
JSM Partners
Brightfield Business Hub
Bakewell Road
Peterborough
Cambridgeshire
PE2 6XU
GENERIS LIFE LTD
Statement of financial position
as at 31 May 2022
Tangible assets
289,870
1,264
Cash at bank and in hand
62,942
1
Creditors: amounts falling due within one year
(239,115)
(19,776)
Net current liabilities
(176,173)
(19,775)
Total assets less current liabilities
113,697
(18,511)
Creditors: amounts falling due after more than one year
(152,250)
-
Net liabilities
(38,553)
(18,511)
Called up share capital
100
1
Profit and loss account
(38,653)
(18,512)
Shareholders' funds
(38,553)
(18,511)
For the year ending 31 May 2022 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 directors acknowledge their 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 of Directors and authorised for issue on 28 February 2023 and were signed on its behalf by
Colin Andrzej Kaczor
Director
Company Registration No. 11981963
GENERIS LIFE LTD
Notes to the Accounts
for the year ended 31 May 2022
GENERIS LIFE LTD is a private company, limited by shares, registered in England and Wales, registration number 11981963. The registered office is 6 ARISTOTLE ROAD, LONDON, SW4 7UZ, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2021
-
-
1,686
1,686
Additions
279,259
10,549
-
289,808
At 31 May 2022
279,259
10,549
1,686
291,494
At 1 June 2021
-
-
422
422
Charge for the year
-
780
422
1,202
At 31 May 2022
-
780
844
1,624
At 31 May 2022
279,259
9,769
842
289,870
At 31 May 2021
-
-
1,264
1,264
5
Creditors: amounts falling due within one year
2022
2021
Loans from directors
239,115
18,875
GENERIS LIFE LTD
Notes to the Accounts
for the year ended 31 May 2022
6
Creditors: amounts falling due after more than one year
2022
2021
During the year loans totalling £239,115.00 were received from the directors. These remain outstanding at the year end and are interest free and repayable on demand.
8
Average number of employees
During the year the average number of employees was 2 (2021: 2).
