1 November 2022 false No description of principal activity Taxfiler 2023.14 SC579881business:PrivateLimitedCompanyLtd2022-11-012023-10-31 SC5798812022-10-31 SC5798812022-11-012023-10-31 SC579881business:AuditExempt-NoAccountantsReport2022-11-012023-10-31 SC579881business:FilletedAccounts2022-11-012023-10-31 SC5798812023-10-31 SC579881business:Director12022-11-012023-10-31 SC579881business:RegisteredOffice2022-11-012023-10-31 SC5798812022-10-31 SC579881core:WithinOneYear2023-10-31 SC579881core:WithinOneYear2022-10-31 SC579881core:ShareCapitalcore:PreviouslyStatedAmount2023-10-31 SC579881core:ShareCapitalcore:PreviouslyStatedAmount2022-10-31 SC579881core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-10-31 SC579881core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-10-31 SC579881core:PreviouslyStatedAmount2023-10-31 SC579881core:PreviouslyStatedAmount2022-10-31 SC579881business:SmallEntities2022-11-012023-10-31 SC579881countries:Scotland2022-11-012023-10-31 SC579881core:MotorVehicles2022-11-012023-10-31 SC579881core:Goodwill2022-10-31 SC579881core:Goodwill2022-11-012023-10-31 SC579881core:Goodwill2023-10-31 SC579881core:MotorVehicles2022-10-31 SC579881core:MotorVehicles2023-10-31 SC579881core:AdditionsToInvestments2023-10-31 SC5798812021-11-012022-10-31 iso4217:GBP xbrli:pure
Company Registration No. SC579881 (Scotland)
G8 Energy Solutions Ltd Unaudited accounts for the year ended 31 October 2023
G8 Energy Solutions Ltd Unaudited accounts Contents
Page
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G8 Energy Solutions Ltd Company Information for the year ended 31 October 2023
Director
Andrew McNab
Company Number
SC579881 (Scotland)
Registered Office
59 ANDREW PATON WAY HAMILTON GLASGOW ML3 0GA SCOTLAND
Accountants
WBG Accounting Services 2 Church Street Larkhall ML9 1EU
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G8 Energy Solutions Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
365,998 
- 
Tangible assets
22,368 
21,574 
Investments
2 
- 
388,368 
21,574 
Current assets
Cash at bank and in hand
152,588 
112,836 
Creditors: amounts falling due within one year
(246,679)
80,140 
Net current (liabilities)/assets
(94,091)
192,976 
Total assets less current liabilities
294,277 
214,550 
Provisions for liabilities
Deferred tax
(1,630)
(1,479)
Net assets
292,647 
213,071 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
292,547 
212,971 
Shareholders' funds
292,647 
213,071 
For the year ending 31 October 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 29 December 2023 and were signed on its behalf by
Andrew McNab Director Company Registration No. SC579881
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G8 Energy Solutions Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
G8 Energy Solutions Ltd is a private company, limited by shares, registered in Scotland, registration number SC579881. The registered office is 59 ANDREW PATON WAY, HAMILTON, GLASGOW, ML3 0GA, SCOTLAND.
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
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 November 2022
- 
Additions
365,998 
At 31 October 2023
365,998 
Amortisation
At 1 November 2022
- 
At 31 October 2023
- 
Net book value
At 31 October 2023
365,998 
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G8 Energy Solutions Ltd Notes to the Accounts for the year ended 31 October 2023
5
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 November 2022
53,733 
Additions
8,250 
At 31 October 2023
61,983 
Depreciation
At 1 November 2022
32,159 
Charge for the year
7,456 
At 31 October 2023
39,615 
Net book value
At 31 October 2023
22,368 
At 31 October 2022
21,574 
6
Investments
Subsidiary undertakings 
£ 
Valuation at 1 November 2022
- 
Additions
2 
Valuation at 31 October 2023
2 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
226,433 
10,207 
Trade creditors
- 
1,500 
Amounts owed to group undertakings and other participating interests
125,000 
- 
Taxes and social security
37,330 
48,329 
Loans from directors
(230,084)
(168,676)
Accruals
88,000 
28,500 
246,679 
(80,140)
8
Average number of employees
During the year the average number of employees was 8 (2022: 8).
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