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Registered number: 4521228

G8 Technologies Limited

ACCOUNTS
FOR THE YEAR ENDED 31/12/2021

Prepared By:
SSA Accountants Limited
Chartered Certified Accountants
44 Furzedown Road
Sutton
Surrey
SM2 5QF

G8 Technologies Limited

ACCOUNTS
FOR THE YEAR ENDED 31/12/2021
DIRECTORS
Ms. V. Child
Mr. T. Fannin
Mr. D.A. Meehan
REGISTERED OFFICE
Unit 1
Fircroft Way
Edenbridge
TN8 6ET
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 4521228
ACCOUNTANTS
SSA Accountants Limited
Chartered Certified Accountants
44 Furzedown Road
Sutton
Surrey
SM2 5QF

G8 Technologies Limited

ACCOUNTS
FOR THEYEARENDED31/12/2021
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

G8 Technologies Limited

BALANCE SHEET AT 31/12/2021
20212020
Notes££
FIXED ASSETS
Tangible assets2319,876187,169
CURRENT ASSETS
Stock1,2591,186
Debtors90,50721,688
Cash at bank and in hand607,186661,671
698,952684,545
CREDITORS: Amounts falling due within one year148,409209,138
NET CURRENT ASSETS550,543475,407
TOTAL ASSETS LESS CURRENT LIABILITIES870,419662,576
CAPITAL AND RESERVES
Called up share capital33
Profit and loss account870,416662,573
SHAREHOLDERS' FUNDS870,419662,576
For the year ending 31/12/2021 the company was entitled to exemption 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 directors acknowledge their 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. All the members have consented to the preparation of the abridged statement of comprehensive income and abridged statement of financial position for the current year ended 31st December 2021 in accordance with Section 444(2A) of the Companies Act 2006.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 10/08/2022 and signed on their behalf by
.............................
Ms. V. Child
Director

G8 Technologies Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/12/2021
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.

G8 Technologies Limited

2. TANGIBLE FIXED ASSETS
Land AndPlant and
BuildingsMachineryTotal
£££
Cost
At 01/01/2021173,00050,439223,439
Additions130,0558,259138,314
At 31/12/2021303,05558,698361,753
Depreciation
At 01/01/2021-36,27036,270
For the year-5,6075,607
At 31/12/2021-41,87741,877
Net Book Amounts
At 31/12/2021303,05516,821319,876
At 31/12/2020173,00014,169187,169
Items of small value are written off in the year of purchase. Motor vans are included under plant & machinery. Land and building is not depreciated.
3. EMPLOYEES
20212020
No.No.
Average number of employees1111
4. CONTROLLING PARTY
The directors control the company by virtue of their shareholdings in the company.
5. RELATED PARTY TRANSACTIONS
The company paid net rental payment of £4,800 to an entity connected to the directors.
The directors loan balance as at 31/12/21 was £29,884 in debit (2020: £32 in credit)