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Unaudited Financial Statements |
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for the Period |
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29 February 2016 to 31 March 2017 |
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for |
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Genilogic Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Period |
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29 February 2016 to 31 March 2017 |
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for |
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Genilogic Limited |
Genilogic Limited (Registered number: 10031001) |
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Contents of the Financial Statements |
for the Period 29 February 2016 to 31 March 2017 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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Genilogic Limited |
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Company Information |
for the Period 29 February 2016 to 31 March 2017 |
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Directors: |
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Registered office: |
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Registered number: |
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Accountants: |
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Chartered Certified Accountants |
6 Arundel Place |
Scarborough |
North Yorkshire |
YO11 1TX |
Genilogic Limited (Registered number: 10031001) |
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Balance Sheet |
31 March 2017 |
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Notes | £ | £ |
Fixed assets |
Intangible assets | 3 |
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Tangible assets | 4 |
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Current assets |
Debtors | 5 |
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Creditors |
Amounts falling due within one year | 6 |
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Net current liabilities | ( |
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Total assets less current liabilities | ( |
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Capital and reserves |
Called up share capital |
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Retained earnings | ( |
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Shareholders' funds | ( |
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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 |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Profit and Loss account has not been delivered. |
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The financial statements were approved by the Board of Directors on
its behalf by: |
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Genilogic Limited (Registered number: 10031001) |
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Notes to the Financial Statements |
for the Period 29 February 2016 to 31 March 2017 |
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1. | Statutory information |
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Genilogic Limited is a
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company's registered number and registered office address can be found on the Company |
Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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The level of rounding used in the financial statements is to the nearest £1. |
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2. | Accounting policies |
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Basis of preparing the financial statements |
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Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured |
at cost less any accumulated amortisation and any accumulated impairment losses. |
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Tangible fixed assets |
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Computer equipment | - |
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Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the profit and loss |
account, except to the extent that it relates to items recognised in other comprehensive income or |
directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
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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 period end and that |
are expected to apply to the reversal of the timing difference. |
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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. |
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Going concern - basis of preparation |
The directors have prepared the financial statements on the going concern basis. |
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The directors feel this is appropriate given the plans for the next twelve months and their continued |
on-going support of the company. |
Genilogic Limited (Registered number: 10031001) |
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Notes to the Financial Statements - continued |
for the Period 29 February 2016 to 31 March 2017 |
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3. | Intangible fixed assets |
Development |
costs |
£ |
Cost |
Additions |
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At 31 March 2017 |
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Net book value |
At 31 March 2017 |
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4. | Tangible fixed assets |
Computer |
equipment |
£ |
Cost |
Additions |
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At 31 March 2017 |
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Depreciation |
Charge for period |
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At 31 March 2017 |
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Net book value |
At 31 March 2017 |
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5. | Debtors: amounts falling due within one year |
£ |
VAT |
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Deferred tax asset |
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Prepayments and accrued income |
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6. | Creditors: amounts falling due within one year |
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Other creditors |
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7. | Related party disclosures |
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Included within creditors due within one year is £4,322 owing to a director of the company. The loan is |
deemed to be payable on demand, and no interest has been charged to the company on the |
amount outstanding. |