Company Registration No. 04430049 (England and Wales)
Gen-Tech Products Limited
Unaudited accounts
for the year ended 31 March 2018
Gen-Tech Products Limited
Unaudited accounts
Contents
Gen-Tech Products Limited
Company Information
for the year ended 31 March 2018
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 2018
Tangible assets
213,049
215,887
Cash at bank and in hand
74,296
98,230
Creditors: amounts falling due within one year
(101,283)
(153,337)
Net current assets
258,137
214,817
Total assets less current liabilities
471,186
430,704
Creditors: amounts falling due after more than one year
(102,037)
(110,109)
Provisions for liabilities
Deferred tax
(5,268)
(6,418)
Net assets
363,881
314,177
Called up share capital
100
100
Profit and loss account
363,781
314,077
Shareholders' funds
363,881
314,177
For the year ending 31 March 2018 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 2 October 2018.
A Lewis
Director
Company Registration No. 04430049
Gen-Tech Products Limited
Notes to the Accounts
for the year ended 31 March 2018
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 2017
211,795
14,000
11,076
51,558
288,429
At 31 March 2018
211,795
14,000
11,076
51,558
288,429
At 1 April 2017
8,283
6,237
10,524
47,498
72,542
Charge for the year
909
776
138
1,015
2,838
At 31 March 2018
9,192
7,013
10,662
48,513
75,380
At 31 March 2018
202,603
6,987
414
3,045
213,049
At 31 March 2017
203,512
7,763
552
4,060
215,887
Finished goods
20,952
23,281
Gen-Tech Products Limited
Notes to the Accounts
for the year ended 31 March 2018
Trade debtors
121,082
144,585
Accrued income and prepayments
498
-
Other debtors
142,592
102,058
7
Creditors: amounts falling due within one year
2018
2017
Bank loans and overdrafts
12,445
21,943
Trade creditors
57,456
80,553
Taxes and social security
28,932
48,026
8
Creditors: amounts falling due after more than one year
2018
2017
Bank loans
102,037
110,109
9
Average number of employees
During the year the average number of employees was 4 (2017: 4).
