In Genius Limited - Limited company - abbreviated

REGISTERED NUMBER: 02956730 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 April 2015

for

In Genius Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

I Atkinson

N E Atkinson

R A Tait FCCA

SECRETARY:

R A Tait FCCA

REGISTERED OFFICE:

6 Queens Court

Third Avenue

Team Valley

Gateshead

Tyne and Wear

NE11 0BU

REGISTERED NUMBER:

02956730 (England and Wales)

ACCOUNTANTS:

Inspire Chartered Accountants

6 Queens Court

Third Avenue

Team Valley

Gateshead

Tyne and Wear

NE11 0BU

FIXED ASSETS

Intangible assets

2

2,015

Tangible assets

3

19,522

19,585

Investments

4

90

21,627

21,690

CURRENT ASSETS

Debtors

486,792

434,658

Cash at bank

20,587

1,603

507,379

436,261

CREDITORS

Amounts falling due within one year

5

447,860

367,338

NET CURRENT ASSETS

59,519

68,923

TOTAL ASSETS LESS CURRENT
LIABILITIES

81,146

90,613

PROVISIONS FOR LIABILITIES

3,880

-

NET ASSETS

77,266

90,613

CAPITAL AND RESERVES

Called up share capital

6

1,000

Profit and loss account

76,266

89,613

SHAREHOLDERS' FUNDS

77,266

90,613

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 29 January 2016 and were signed on its behalf by:

I Atkinson - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sale of services, excluding value added tax.

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

-

20% on cost

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost

Deferred tax

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

balance sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling

at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Group accounts exemption

The company has taken advantage of the exemption available to small companies under the Companies Act not

to prepare consolidated financial statements. Accordingly, the financial statements present information about the

company as an individual undertaking and not about the group.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2014

and 30 April 2015

2,015

NET BOOK VALUE

At 30 April 2015

2,015

At 30 April 2014

2,015

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2014

38,051

Additions

1,165

At 30 April 2015

39,216

DEPRECIATION

At 1 May 2014

18,466

Charge for year

1,228

At 30 April 2015

19,694

NET BOOK VALUE

At 30 April 2015

19,522

At 30 April 2014

19,585

4.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 May 2014

and 30 April 2015

90

NET BOOK VALUE

At 30 April 2015

90

At 30 April 2014

90

The company's investments at the Balance Sheet date in the share capital of companies include the following:

In Secure Limited

Nature of business: Non trading

%

Class of shares:

holding

Ordinary

90.00

30.4.15

30.4.14

£

Aggregate capital and reserves

(36,648

)

(36,648

)

5.

CREDITORS

Creditors include an amount of £ 0 (30.4.14 - £ 27,024 ) for which security has been given.

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.15

30.4.14

value:

£

1,000

Ordinary

£1

1,000

In Genius Limited - Limited company - abbreviated - 11.9

In Genius Limited - Limited company - abbreviated - 11.9