Registered number
09905516
g2GSolutions Ltd
Filleted Accounts
31 December 2023
g2GSolutions Ltd
Registered number: 09905516
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 398 589
Current assets
Debtors 4 2,456 450
Cash at bank and in hand 19,737 30,922
22,193 31,372
Creditors: amounts falling due within one year 5 (5,800) (13,660)
Net current assets 16,393 17,712
Net assets 16,791 18,301
Capital and reserves
Called up share capital 100 1
Profit and loss account 16,691 18,300
Shareholders' funds 16,791 18,301
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr M Bolton
Director
Approved by the board on 3 April 2024
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 3 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023 2,585
Additions 352
At 31 December 2023 2,937
Depreciation
At 1 January 2023 1,996
Charge for the year 543
At 31 December 2023 2,539
Net book value
At 31 December 2023 398
At 31 December 2022 589
4 Debtors 2023 2022
£ £
Trade debtors 2,456 450
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors - 4,867
Taxation and social security costs 4,984 7,741
Other creditors 816 1,052
5,800 13,660
6 Other information
g2GSolutions Ltd is a private company limited by shares and incorporated in England. Its registered office is:
19 Valentines Meadow
Cottam
Preston
Lancashire
PR4 0LF
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