Genesis Precision Engineering Limited in Saffron Walden, CB10 1PF

Website

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www.genesisprecisionengineering.co.uk

Description

Data updated on: 01-11-2023

Genesis Precision Engineering Limited 's been in this business for 23 years. Registered under the number 04157973 in the year 2001, the firm is located at 9 Great Chesterford Court, Saffron Walden CB10 1PF. This company's registered with SIC code 25620, that means Machining. August 31, 2022 is the last time the accounts were reported.

At present, we can name a solitary managing director in the company: Paul B. (since Monday 12th February 2001). For 4 years Barrie B., had been managing the limited company until the resignation nineteen years ago. What is more another director, specifically Leslie K. resigned on Tuesday 5th March 2013. In addition, the managing director's tasks are regularly aided with by a secretary - Karen B., who was officially appointed by the limited company in 2018.

The companies that control this firm are: Genesis Precision Limited owns over 3/4 of company shares and has 3/4 to full of voting rights. This business can be reached in Great Chesterford at London Road, CB10 1PF, Essex and was registered as a PSC under the registration number 08933621.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2011-07-31	2012-02-29	2013-08-31	2014-08-31	2015-08-31	2016-08-31	2017-08-31	2018-08-31	2019-08-31	2020-08-31	2021-08-31	2022-08-31	2023-08-31
Currency	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP
Net Worth	73 401	26 196	3 010	23 397	48 327	74 558

Balance Sheet
Cash Bank In Hand	4 194	26 566	209	15	7 650	26 373
Cash Bank On Hand						26 373	31 182	15 091	1 818	9 642	92 376	79 014	150 813
Current Assets	151 305	132 191	185 294	181 725	254 849	211 986	232 037	208 140	252 436	391 170	497 094	729 239	458 843
Debtors	124 181	86 025	150 840	126 129	235 021	171 985	182 244	138 227	172 414	245 351	297 987	548 475	239 362
Net Assets Liabilities						68 799	92 144	82 205	140 093	229 789	351 367	587 001	402 006
Net Assets Liabilities Including Pension Asset Liability	73 401	26 196	3 010	23 397	48 327	74 558
Other Debtors						2 500	2 500	1 550	4 570	10 284	14 446	9 874	14 282
Property Plant Equipment						201 723	227 044	207 270	241 553	411 536	455 178	499 548	453 268
Stocks Inventory	22 930	19 600	34 245	55 581	12 178	13 628
Tangible Fixed Assets	461 636	373 748	314 487	296 329	284 291	201 723
Total Inventories						13 628	18 611	54 822	78 204	136 177	106 731	101 750	68 668

Capital & Reserves
Called Up Share Capital	120	120	120	120	120	120
Profit Loss Account Reserve	73 281	26 076	2 890	23 277	48 207	74 438
Shareholder Funds	73 401	26 196	3 010	23 397	48 327	74 558

Other Financial Data
Accrued Liabilities							24 304	1 729	7 772
Accumulated Depreciation Impairment Property Plant Equipment						70 637	545 427	568 618	560 635	528 709	545 142	565 300	603 134
Additional Provisions Increase From New Provisions Recognised In Profit Or Loss							3 662	-5 985	1 667	26 653	11 445	10 174	-7 048
Amounts Owed By Group Undertakings												42 000	30 000
Average Number Employees During Period							14	13	13	15	15	17	17
Bank Borrowings Overdrafts								5 930	70 434	50 000	37 341	27 344
Corporation Tax Payable								14 014	17 560
Corporation Tax Recoverable							2 500	2 500
Creditors						95 046	163 000	107 962	61 077	192 448	175 549	191 775	99 147
Creditors Due After One Year	266 636	219 517	114 893	46 177	41 572	95 046
Creditors Due Within One Year	237 240	219 801	344 435	369 457	408 137	207 689
Deferred Tax Liabilities						36 416	40 078	34 093	35 760	62 413	73 858	84 032	76 984
Disposals Decrease In Depreciation Impairment Property Plant Equipment							12 997	30 577	39 915	68 805	21 416	45 435	21 722
Disposals Property Plant Equipment							13 410	33 637	39 915	83 903	21 450	47 974	23 538
Finance Lease Liabilities Present Value Total						95 046	163 000	107 962	61 077	142 448	65 627	62 190	99 147
Future Minimum Lease Payments Under Non-cancellable Operating Leases									6 513	6 513	5 970	5 705	5 230
Increase Decrease In Property Plant Equipment							128 609			175 000	75 270	99 072
Increase From Depreciation Charge For Year Property Plant Equipment							111 618	53 768	31 932	36 879	37 849	33 882	30 494
Net Current Assets Liabilities	-85 935	-87 610	-159 141	-187 732	-153 288	4 297	68 178	16 990	-4 623	73 114	145 596	363 260	124 869
Number Shares Allotted		40	40	40	40	40
Number Shares Issued Fully Paid							40	20	100	100	100	100	100
Other Creditors						77 398	27 812	3 998	8 577	11 489	11 068	7 089	4 065
Other Taxation Social Security Payable						68 811	43 227	8 148	48 237	53 236	171 079	157 294	172 437
Par Value Share		1	1	1	1	1	1	1	1	1	1	1	1
Prepayments							667	667	1 388
Property Plant Equipment Gross Cost						648 529	772 471	775 888	802 188	940 245	1 000 320	349 342	1 056 402
Provisions						36 416	40 078	34 093	35 760	62 413	73 858	84 032	76 984
Provisions For Liabilities Balance Sheet Subtotal						36 416	40 078	34 093	35 760	62 413	73 858	84 032	76 984
Provisions For Liabilities Charges	35 664	40 425	37 443	39 023	41 104	36 416
Secured Debts	38 933	38 933	145 468	127 101	180 315
Share Capital Allotted Called Up Paid	40	40	40	40	40	40
Tangible Fixed Assets Additions		4 600	2 613	11 055	61 108	125 900
Tangible Fixed Assets Cost Or Valuation	795 775	681 836	684 449	695 504	741 060	648 529
Tangible Fixed Assets Depreciation	334 139	308 088	369 962	399 175	456 769	446 806
Tangible Fixed Assets Depreciation Charged In Period		12 488	61 874	29 213	65 976	144 408
Tangible Fixed Assets Depreciation Decrease Increase On Disposals		38 539			8 382	154 371
Tangible Fixed Assets Disposals		118 539			15 552	218 431
Total Additions Including From Business Combinations Property Plant Equipment							137 352	37 054	66 215	221 960	81 525	112 502	15 092
Total Assets Less Current Liabilities	375 701	286 138	155 346	108 597	131 003	200 261	295 222	224 260	236 930	484 650	600 774	862 808	578 137
Trade Creditors Trade Payables						38 252	37 803	65 911	82 926	99 896	85 565	129 250	92 187
Trade Debtors Trade Receivables						158 818	156 191	133 510	167 844	235 067	283 541	496 601	195 080
Advances Credits Directors			10 000
Advances Credits Made In Period Directors			12 000
Amounts Owed To Group Undertakings										14 000	8 000

Company staff

Karen B.

Role: Secretary

Appointed: 27 July 2018

Latest update: 15 March 2024