Genix Healthcare Garforth Ltd
Genix Healthcare Garforth Ltd
Registered number: 11942730
ABRIDGED Financial Statements
For The Year Ended
31 March 2023
JR Accounts
Chartered Certified Accountants
164-166 High Road
Ilford
Essex
IG1 1LL
Genix Healthcare Garforth Ltd
Financial Statements
For The Year Ended
31 March 2023
Financial Statements
Contents | |
Page | |
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Company Information | 1 |
Abridged Balance Sheet | 2—3 |
Notes to the Abridged Financial Statements | 4—6 |
Page 1
Genix Healthcare Garforth Ltd
Company Information
For The Year Ended
31 March 2023
Company Information
Directors |
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Company Number |
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Registered Office | 2 College Court |
Morley | |
Leeds | |
LS27 7WF | |
Accountants |
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Chartered Certified Accountants | |
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Ilford | |
Essex | |
IG1 1LL | |
Page 1
Page 2
Genix Healthcare Garforth Ltd
Abridged Balance Sheet
As At
31 March 2023
Abridged Balance Sheet
Registered number:
11942730
For the year ending 31 March 2023 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 March 2023 in accordance with section 444(2A) of the Companies Act 2006.
2023 | 2022 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Intangible Assets | 4 |
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Tangible Assets | 5 |
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CURRENT ASSETS | |||||
Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital | 7 |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS | 43,033 | 93,565 | |||
Page 2
Page 3
Genix Healthcare Garforth Ltd
Abridged Balance Sheet (continued)
As At
31 March 2023
On behalf of the board
Director
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The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Genix Healthcare Garforth Ltd
Notes to the Abridged Financial Statements
For The Year Ended
31 March 2023
Notes to the Abridged Financial Statements
1.
General Information
Genix Healthcare Garforth Ltd
is a private company, limited by shares, incorporated in England & Wales, registered number
11942730
. The registered office is 2 College Court, Morley, Leeds, LS27 7WF.
The presentation currency of the financial statements is the Pound Sterling (£).
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3.
Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of twenty years.
2.4.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold |
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Fixtures, fittings & equipment |
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2.5.
Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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Page 5
Genix Healthcare Garforth Ltd
Notes to the Abridged Financial Statements (continued)
For The Year Ended
31 March 2023
2.6.
Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3.
Average Number of Employees
The average number of employees, including the directors, during the year was 19 (2022: 15)
4.
Intangible Assets
Total | |||
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£ | |||
Cost | |||
As at
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As at
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Amortisation | |||
As at
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Provided during the period |
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As at
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Net Book Value | |||
As at
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As at
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5.
Tangible Assets
Total | |
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£ | |
Cost | |
As at
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Additions |
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As at
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Depreciation | |
As at
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Provided during the period |
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As at
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Net Book Value | |
As at
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As at
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Page 5
Page 6
Genix Healthcare Garforth Ltd
Notes to the Abridged Financial Statements (continued)
For The Year Ended
31 March 2023
6.
Obligations Under Finance Leases and Hire Purchase
2023 | 2022 | ||
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£ | £ | ||
The future minimum finance lease payments are as follows: | |||
Not later than one year |
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7.
Share Capital
2023 | 2022 | ||
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£ | £ | ||
Allotted, Called up and fully paid |
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8.
Contingent Liabilities
There were no contingent liabilities at either the beginning or at the end of the financial year.
9.
Capital Commitments
The company had no capital commitments as at 31 March 2023 or 31 March 2022.
Page 6