Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseInformation technology consultancy activities.11falsetruefalse 12508092 2022-04-01 2023-03-31 12508092 2021-04-01 2022-03-31 12508092 2023-03-31 12508092 2022-03-31 12508092 c:Director1 2022-04-01 2023-03-31 12508092 d:OfficeEquipment 2022-04-01 2023-03-31 12508092 d:OfficeEquipment 2023-03-31 12508092 d:OfficeEquipment 2022-03-31 12508092 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 12508092 d:CurrentFinancialInstruments 2023-03-31 12508092 d:CurrentFinancialInstruments 2022-03-31 12508092 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 12508092 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 12508092 d:ShareCapital 2023-03-31 12508092 d:ShareCapital 2022-03-31 12508092 d:RetainedEarningsAccumulatedLosses 2023-03-31 12508092 d:RetainedEarningsAccumulatedLosses 2022-03-31 12508092 c:FRS102 2022-04-01 2023-03-31 12508092 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 12508092 c:FullAccounts 2022-04-01 2023-03-31 12508092 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 12508092 e:PoundSterling 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 12508092










G7 GRP LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
G7 GRP LTD
REGISTERED NUMBER: 12508092

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
21,066
17,782

  
21,066
17,782

Current assets
  

Debtors: amounts falling due within one year
 5 
635,963
320,841

Cash at bank and in hand
 6 
48,267
84,385

  
684,230
405,226

Creditors: amounts falling due within one year
 7 
(155,753)
(89,338)

Net current assets
  
 
 
528,477
 
 
315,888

Total assets less current liabilities
  
549,543
333,670

  

Net assets
  
549,543
333,670


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
549,542
333,669

  
549,543
333,670


Page 1

 
G7 GRP LTD
REGISTERED NUMBER: 12508092
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 March 2024.


................................................
Neerav Vadera
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
G7 GRP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

G7-GRP Limited is a private company limited by shares and incorporated in England & Wales with the registration number 12508092. The address of its registered office is Kemp House, 160 City Road, London, EC1V 2NX.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
G7 GRP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
25%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 4

 
G7 GRP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 April 2022
30,777


Additions
14,638



At 31 March 2023

45,415



Depreciation


At 1 April 2022
12,995


Charge for the year on financed assets
11,354



At 31 March 2023

24,349



Net book value



At 31 March 2023
21,066


5.


Debtors

2023
2022
£
£


Trade debtors
35,066
7,585

Other debtors
600,897
313,256

635,963
320,841



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
48,267
84,385

48,267
84,385


Page 5

 
G7 GRP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
42,739
14,914

Corporation tax
59,463
31,541

Other taxation and social security
34,495
26,107

Other creditors
14,206
12,176

Accruals and deferred income
4,850
4,600

155,753
89,338



8.


Related party transactions

At the year end included in other debtors, was an interest free loan of £601,856 (2022: £313,256) due from a company in which the directors have a material interest.

 
Page 6