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Unaudited Financial Statements for the Year Ended 31 December 2023

for

G2 Metric Limited

G2 Metric Limited (Registered number: 06905423)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


G2 Metric Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: F G Gastou





SECRETARY:





REGISTERED OFFICE: Unit 1 Armtech Row
Houndstone Business Park
Yeovil
Somerset
BA22 8RW





REGISTERED NUMBER: 06905423 (England and Wales)





ACCOUNTANTS: Peter Upton
Bridge House
2 Bridge Avenue
Maidenhead
Berkshire
SL6 1RR

G2 Metric Limited (Registered number: 06905423)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 522,875 324,234

CURRENT ASSETS
Debtors 5 512,637 320,207
Cash at bank and in hand 712,525 629,276
1,225,162 949,483
CREDITORS
Amounts falling due within one year 6 614,181 390,255
NET CURRENT ASSETS 610,981 559,228
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,133,856

883,462

PROVISIONS FOR LIABILITIES 7 87,065 30,696
NET ASSETS 1,046,791 852,766

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 1,046,691 852,666
SHAREHOLDERS' FUNDS 1,046,791 852,766

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 director and authorised for issue on 19 March 2024 and were signed by:





F G Gastou - Director


G2 Metric Limited (Registered number: 06905423)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

G2 Metric Limited is a private company, limited by shares , registered in England and Wales. 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
Tangible fixed assets are stated at cost less depreciation.

Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their useful lives on the following basis:

Plant and machinery 20% reducing balance

Fixtures and fittings Straight line over 10 years

Motor vehicles 25% reducing balance

Computer equipment 33% straight line

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.

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.

Financial instruments
The company only has financial assets and liabilities of a kind that qualify as basic financial instruments, which are initially recognised at transition value and subsequently measured at their settlement value.

Exchange rates
Foreign currency transactions are translated into pounds sterling using the exchange rate in operation at the date at which the transaction occurred. Foreign currency assets and liabilities at the balance sheet date are translated in to pounds sterling at the exchange rate in operation at that date. Foreign exchange differences arising on translation are recognised in profit or loss.

G2 Metric Limited (Registered number: 06905423)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - 15 ) .

4. TANGIBLE FIXED ASSETS
Fixtures Office &
Plant and and Motor sundry
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 671,527 - 195,322 90,745 957,594
Additions 268,298 11,327 107,595 1,556 388,776
Disposals - - (40,484 ) (379 ) (40,863 )
At 31 December 2023 939,825 11,327 262,433 91,922 1,305,507
DEPRECIATION
At 1 January 2023 453,941 - 98,903 80,516 633,360
Charge for year 108,789 566 52,701 5,505 167,561
Eliminated on disposal - - (17,910 ) (379 ) (18,289 )
At 31 December 2023 562,730 566 133,694 85,642 782,632
NET BOOK VALUE
At 31 December 2023 377,095 10,761 128,739 6,280 522,875
At 31 December 2022 217,586 - 96,419 10,229 324,234

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 493,442 306,593
Prepayments 19,195 13,614
512,637 320,207

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 286,284 98,052
Amounts owed to group undertakings 92,994 89,409
Tax 33,634 16,534
Social security and other taxes 30,098 26,610
VAT 116,776 141,037
Other creditors 5,233 5,133
Accrued expenses 49,162 13,480
614,181 390,255

7. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 87,065 30,696

G2 Metric Limited (Registered number: 06905423)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2023 30,696
Provided during year 56,369
Balance at 31 December 2023 87,065

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary 1 100 100

9. RESERVES
Retained
earnings
£   

At 1 January 2023 852,666
Profit for the year 194,025
At 31 December 2023 1,046,691