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Company Registration No. 09399912 (England and Wales)
G3 Consulting Ltd Unaudited accounts for the year ended 31 January 2023
G3 Consulting Ltd Unaudited accounts Contents
Page
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G3 Consulting Ltd Company Information for the year ended 31 January 2023
Directors
N Greeff R J Greeff
Company Number
09399912 (England and Wales)
Registered Office
Unit 14 Halifax Court Cross Lane Fernwood Newark NG24 3JP
Accountants
Future Cloud Accounting Limited 14 Halifax Court Fernwood Business Centre Newark Nottinghamshire NG24 3JP
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G3 Consulting Ltd Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
15,932 
20,285 
Current assets
Debtors
12,479 
34,601 
Cash at bank and in hand
378,954 
363,686 
391,433 
398,287 
Creditors: amounts falling due within one year
(95,923)
(121,970)
Net current assets
295,510 
276,317 
Total assets less current liabilities
311,442 
296,602 
Provisions for liabilities
Deferred tax
(3,983)
(5,071)
Net assets
307,459 
291,531 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
307,457 
291,529 
Shareholders' funds
307,459 
291,531 
For the year ending 31 January 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 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 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 of Directors and authorised for issue on 24 October 2023 and were signed on its behalf by
N Greeff Director Company Registration No. 09399912
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G3 Consulting Ltd Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
G3 Consulting Ltd is a private company, limited by shares, registered in England and Wales, registration number 09399912. The registered office is Unit 14 Halifax Court Cross Lane, Fernwood, Newark, NG24 3JP.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
Computer equipment
25% reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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G3 Consulting Ltd Notes to the Accounts for the year ended 31 January 2023
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2022
47,283 
2,531 
49,814 
Additions
- 
766 
766 
At 31 January 2023
47,283 
3,297 
50,580 
Depreciation
At 1 February 2022
27,336 
2,193 
29,529 
Charge for the year
4,987 
132 
5,119 
At 31 January 2023
32,323 
2,325 
34,648 
Net book value
At 31 January 2023
14,960 
972 
15,932 
At 31 January 2022
19,947 
338 
20,285 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
8,793 
32,438 
Accrued income and prepayments
3,686 
- 
Other debtors
- 
2,163 
12,479 
34,601 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
27 
3,438 
Taxes and social security
28,178 
70,149 
Other creditors
67,718 
45,603 
Accruals
- 
2,780 
95,923 
121,970 
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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