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REGISTERED NUMBER: 03839740












Financial Statements

for the Year Ended 28 February 2023

for

G3G (UK) Limited

G3G (UK) Limited (Registered number: 03839740)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


G3G (UK) Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: A R Kessler
J L Mcfadzean
R J Patrick
F E Wood





SECRETARY: Ark Professional Services Limited





REGISTERED OFFICE: Churchill House
137 Brent Street
London
NW4 4DJ





REGISTERED NUMBER: 03839740





AUDITORS: PB Associates
Chartered Accountants and Chartered Tax Advisers
2 Castle Business Village
Station Road
Hampton
Middlesex
TW12 2BX

G3G (UK) Limited (Registered number: 03839740)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10 73

CURRENT ASSETS
Debtors 5 616,089 731,439
Cash at bank 1,261,625 1,771,139
1,877,714 2,502,578
CREDITORS
Amounts falling due within one year 6 1,241,825 1,291,535
NET CURRENT ASSETS 635,889 1,211,043
TOTAL ASSETS LESS CURRENT
LIABILITIES

635,899

1,211,116

CAPITAL AND RESERVES
Called up share capital 7 110 110
Retained earnings 8 635,789 1,211,006
SHAREHOLDERS' FUNDS 635,899 1,211,116

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 November 2023 and were signed on its behalf by:





J L Mcfadzean - Director


G3G (UK) Limited (Registered number: 03839740)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

G3G (UK) Limited is a private company limited by shares, registered in England. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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 year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

G3G (UK) Limited (Registered number: 03839740)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

2. ACCOUNTING POLICIES - continued

Going concern
At the time of approving the financial statements, the directors have undertaken an assessment of the adequacy of the resources available to the company as well as the expected support available from the Parent company.

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and accordingly continue to adopt the going concern basis of accounting in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2022 - 29 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022
and 28 February 2023 47,174
DEPRECIATION
At 1 March 2022 47,101
Charge for year 63
At 28 February 2023 47,164
NET BOOK VALUE
At 28 February 2023 10
At 28 February 2022 73

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 606,305 693,109
Amounts owed by group undertakings - 28,546
Other debtors 9,784 9,784
616,089 731,439

G3G (UK) Limited (Registered number: 03839740)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

Included in trade debtors are balances due from related parties as follows:


EPI-USE Canada Inc £618
EPI-USE Labs Denmark £82,163
EPI-USE Labs Limited £191,196
G3G (Pty) Ltd £6,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors 555,178 329,493
Amounts owed to group undertakings 252 -
Taxation and social security 449,474 390,488
Other creditors 236,921 571,554
1,241,825 1,291,535

Included in trade creditors are balances owed to related parties as follows:


EPI-USE Systems Limited £24,030
G3G (Pty) Ltd £26,977

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
11,000 Ordinary 0.01 110 110

8. RESERVES
Retained
earnings
£   

At 1 March 2022 1,211,006
Deficit for the year (575,217 )
At 28 February 2023 635,789

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Ashfaq Sharif BA FCA CTA (Senior Statutory Auditor)
for and on behalf of PB Associates

G3G (UK) Limited (Registered number: 03839740)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

10. RELATED PARTY DISCLOSURES

Related Party Sales Purchases Debtor Creditor


EPI-USE Labs Limited £462,204 £129,087 £191,196 -
EPI-USE Labs Denmark - - £82,163 -
EPI-USE America Inc £23,217 £176,997 - -
EPI-USE Australia Pty Ltd - £3,975 - -
EPI-USE Canada Inc £50,840 - £618 -
EPI-USE Limited £63,546 £11,130 - £252
EPI-USE Systems Limited £11,882 - - £24,030
G3G (Pty) Ltd £81,418 £122,982 £6,000 £26,977



11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is EPI-USE Systems Limited.

There are a number of shareholders in EPI-USE Systems Limited, none of whom hold a controlling interest in the company.