Company Registration No. 04430049 (England and Wales)
Gen-Tech Products Limited
Unaudited accounts
for the year ended 31 March 2019
Gen-Tech Products Limited
Unaudited accounts
Contents
Gen-Tech Products Limited
Company Information
for the year ended 31 March 2019
Company Number
04430049 (England and Wales)
Registered Office
THE CORNER HOUSE
23 MARKET STREET
CRAVEN ARMS
SHROPSHIRE
SY7 9NW
Accountants
S A Acc'y Ltd
The Corner House
4 Beaumont Road
Church Stretton
Shropshire
SY6 6BN
Gen-Tech Products Limited
Statement of financial position
as at 31 March 2019
Tangible assets
210,621
213,049
Cash at bank and in hand
140,146
74,296
Creditors: amounts falling due within one year
(108,709)
(101,283)
Net current assets
332,742
258,137
Total assets less current liabilities
543,363
471,186
Creditors: amounts falling due after more than one year
(93,688)
(102,037)
Provisions for liabilities
Deferred tax
(4,807)
(5,268)
Net assets
444,868
363,881
Called up share capital
100
100
Profit and loss account
444,768
363,781
Shareholders' funds
444,868
363,881
For the year ending 31 March 2019 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 director acknowledges his 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.
Approved by the Board on 8 August 2019.
A Lewis
Director
Company Registration No. 04430049
Gen-Tech Products Limited
Notes to the Accounts
for the year ended 31 March 2019
Gen-Tech Products Limited is a private company, limited by shares, registered in England and Wales, registration number 04430049. The registered office is THE CORNER HOUSE, 23 MARKET STREET, CRAVEN ARMS, SHROPSHIRE, SY7 9NW.
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:
Land & buildings
5% per annum reducing balance
Plant & machinery
10% per annum reducing balance
Motor vehicles
25% per annum reducing balance
Fixtures & fittings
25% per annum reducing balance
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2018
211,795
14,000
11,076
51,558
288,429
At 31 March 2019
211,795
14,000
11,076
51,558
288,429
At 1 April 2018
9,192
7,013
10,662
48,513
75,380
Charge for the year
864
699
104
761
2,428
At 31 March 2019
10,056
7,712
10,766
49,274
77,808
At 31 March 2019
201,739
6,288
310
2,284
210,621
At 31 March 2018
202,603
6,987
414
3,045
213,049
Finished goods
20,953
20,952
Gen-Tech Products Limited
Notes to the Accounts
for the year ended 31 March 2019
Trade debtors
169,240
121,082
Accrued income and prepayments
-
498
Other debtors
111,112
142,592
7
Creditors: amounts falling due within one year
2019
2018
Bank loans and overdrafts
12,635
12,445
Trade creditors
49,046
57,456
Taxes and social security
44,180
28,932
8
Creditors: amounts falling due after more than one year
2019
2018
9
Average number of employees
During the year the average number of employees was 4 (2018: 4).
