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Company Registration No. 08285907 (England and Wales)
G6 Associates Limited Unaudited accounts for the year ended 31 March 2023
G6 Associates Limited Unaudited accounts Contents
Page
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G6 Associates Limited Company Information for the year ended 31 March 2023
Director
G A Feingold
Company Number
08285907 (England and Wales)
Registered Office
Congress House 14 Lyon Road London HA1 2EN
Accountants
Balmoral Consultancy Services Limited Congress House 14 Lyon Road Harrow Middlesex HA1 2EN
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G6 Associates Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
31,481 
39,801 
Current assets
Debtors
432 
12,024 
Cash at bank and in hand
43,994 
17,394 
44,426 
29,418 
Creditors: amounts falling due within one year
(13,586)
(17,210)
Net current assets
30,840 
12,208 
Total assets less current liabilities
62,321 
52,009 
Creditors: amounts falling due after more than one year
(10,383)
(14,833)
Net assets
51,938 
37,176 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
51,838 
37,076 
Shareholders' funds
51,938 
37,176 
For the year ending 31 March 2023 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.
The financial statements were approved by the Board and authorised for issue on 11 October 2023 and were signed on its behalf by
G A Feingold Director Company Registration No. 08285907
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G6 Associates Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
G6 Associates Limited is a private company, limited by shares, registered in England and Wales, registration number 08285907. The registered office is Congress House, 14 Lyon Road, London, HA1 2EN.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: - the amount of revenue can be measured reliably; -it is probable that the Company will receive the consideration due under the contract; -the stage of completion of the contract at the end of the reporting period can be measured reliably; and -the costs incurred and the costs to complete the contract can be measured reliably.
Interest income
Interest income is recognised in the Statement of income and retained earnings using the effective interest method.
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G6 Associates Limited Notes to the Accounts for the year ended 31 March 2023
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Taxation
Tax is recognised in the Statement of income and retained earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2022
42,090 
26,043 
3,023 
71,156 
Additions
- 
2,174 
- 
2,174 
At 31 March 2023
42,090 
28,217 
3,023 
73,330 
Depreciation
At 1 April 2022
10,523 
19,330 
1,502 
31,355 
Charge for the year
7,892 
2,222 
380 
10,494 
At 31 March 2023
18,415 
21,552 
1,882 
41,849 
Net book value
At 31 March 2023
23,675 
6,665 
1,141 
31,481 
At 31 March 2022
31,567 
6,713 
1,521 
39,801 
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G6 Associates Limited Notes to the Accounts for the year ended 31 March 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
432 
12,024 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
4,450 
4,450 
VAT
2,370 
8,198 
Trade creditors
212 
- 
Taxes and social security
1,007 
949 
Other creditors
950 
1,742 
Loans from directors
3,497 
729 
Accruals
1,100 
1,142 
13,586 
17,210 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
10,383 
14,833 
8
Transactions with related parties
Included in other creditors is the sum of £3,497 (2022: £729) due to the director. There are no terms as to interest or repayment of this loan. During the year under review, the company paid £2,000 (2022: £2,000) of dividends to the director.
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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