Genesis Group Uk (Holdings) Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 08426612 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2017

for

Genesis Group Uk (Holdings) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

AI Evans

CJ Sills

SECRETARY:

REGISTERED OFFICE:

5-6 The Merlin Centre

Crawley

West Sussex

RH11 7XA

REGISTERED NUMBER:

08426612 (England and Wales)

ACCOUNTANTS:

AJB Strategies Limited

B1 Speldhurst Business Park

Langton Road

Speldhurst

Tunbridge Wells

Kent

TN3 OAQ

FIXED ASSETS

Tangible assets

4

43,520

42,043

Investments

5

-

-

43,520

42,043

CURRENT ASSETS

Stocks

174,243

71,373

Debtors

6

238,942

223,268

Cash at bank

546,335

263,575

959,520

558,216

CREDITORS

Amounts falling due within one year

7

818,767

659,682

NET CURRENT ASSETS/(LIABILITIES)

140,753

(101,466

)

TOTAL ASSETS LESS CURRENT LIABILITIES

184,273

(59,423

)

CAPITAL AND RESERVES

Called up share capital

200

100

Retained earnings

184,073

(59,523

)

184,273

(59,423

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 29 January 2018 and were signed on its behalf by:

AI Evans - Director

CJ Sills - Director

1.	STATUTORY INFORMATION

Genesis Group Uk (Holdings) Limited is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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 cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL.

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2016

55,642

Additions

2,774

At 30 April 2017

58,416

DEPRECIATION

At 1 May 2016

13,599

Charge for year

1,297

At 30 April 2017

14,896

NET BOOK VALUE

At 30 April 2017

43,520

At 30 April 2016

42,043

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 May 2016

and 30 April 2017

310

PROVISIONS

At 1 May 2016

and 30 April 2017

310

NET BOOK VALUE

At 30 April 2017

-

At 30 April 2016

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Trade debtors

228,771

222,470

Other debtors

10,171

798

238,942

223,268

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Trade creditors

222,626

200,633

Taxation and social security

79,534

28,199

Other creditors

516,607

430,850

818,767

659,682