Genesys Healthcare Ltd - Period Ending 2014-02-28

Registration number: 07538662

Genesys Healthcare Ltd

Unaudited Abbreviated Accounts

for the Year Ended 28 February 2014
 

Sense Financial Accounting
Chartered Certified Accountants
Windsor House
Cornwall Road
Harrogate
North Yorkshire
HG1 2PW

Genesys Healthcare Ltd
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 3) have been prepared.

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Genesys Healthcare Ltd
for the Year Ended 28 February 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Genesys Healthcare Ltd for the year ended 28 February 2014 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of Genesys Healthcare Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Genesys Healthcare Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www2.accaglobal.com/pubs/members/publications/technical_factsheets/downloads/163.doc. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Genesys Healthcare Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Genesys Healthcare Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Genesys Healthcare Ltd. You consider that Genesys Healthcare Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Genesys Healthcare Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Sense Financial Accounting
Chartered Certified Accountants
Windsor House
Cornwall Road
Harrogate
North Yorkshire
HG1 2PW

29 December 2014

Page 1

Genesys Healthcare Ltd
(Registration number: 07538662)
Abbreviated Balance Sheet at 28 February 2014

		Note			28 February 2014 £			28 February 2013 £
Current assets
Stocks					4,578			21,120
Debtors					(2,298)			24,618
Cash at bank and in hand					3,798			8,477
					6,078			54,215
Creditors: Amounts falling due within one year					(1,123)			(28,934)
Total assets less current liabilities					4,955			25,281
Creditors: Amounts falling due after more than one year					(8,876)			(8,876)
Net (liabilities)/assets					(3,921)			16,405
Capital and reserves
Called up share capital		2			100			100
Profit and loss account					(4,021)			16,305
Shareholders' (deficit)/funds					(3,921)			16,405

For the year ending 28 February 2014 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 29 December 2014 and signed on its behalf by:

.........................................
R Moss
Director

The notes on page 3 form an integral part of these financial statements.
Page 2

Genesys Healthcare Ltd
Notes to the Abbreviated Accounts for the Year Ended 28 February 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Share capital

Allotted, called up and fully paid shares

	28 February 2014						28 February 2013
		No.			£			No.			£
Ordinary A Shares of £1 each		100			100			100			100

Page 3