Genial Limited - Abbreviated accounts

Registered number

04270992

Genial Limited

Abbreviated Accounts

31 March 2015

Genial Limited
Registered number:		04270992
Abbreviated Balance Sheet
as at 31 March 2015

Notes			2015		2014

Fixed assets
Tangible assets	2		18,945		21,816

Current assets
Debtors		29,734		24,741
Cash at bank and in hand		10,827		8,009
		40,561		32,750

Creditors: amounts falling due within one year		(38,497)		(36,848)

Net current assets/(liabilities)			2,064		(4,098)

Total assets less current liabilities			21,009		17,718

Creditors: amounts falling due after more than one year			(8,342)		-

Provisions for liabilities			(510)		-


Net assets			12,157		17,718

Capital and reserves
Called up share capital	3		2		2
Profit and loss account			12,155		17,716

Shareholder's funds			12,157		17,718

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



I G Lawrence
Director
Approved by the board on 3 December 2015

Genial Limited
Notes to the Abbreviated Accounts
for the year ended 31 March 2015

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

	Turnover
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Land and buildings			5% straight line
	Plant and machinery			25% reducing balance

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

	Leasing and hire purchase commitments
	Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Rentals paid under operating leases are charged to income on a straight line basis over the lease term.


2	Tangible fixed assets

	Cost
	At 1 April 2014				56,776
	At 31 March 2015				56,776

	Depreciation
	At 1 April 2014				34,960
	Charge for the year				2,871
	At 31 March 2015				37,831

	Net book value
	At 31 March 2015				18,945
	At 31 March 2014				21,816


3	Share capital	Nominal		2015	2015	2014
value			Number
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		2	2	2