1 November 2022 v2024.35.1 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP116160672022-11-012023-10-31116160672023-10-31116160672022-10-3111616067core:WithinOneYear2023-10-3111616067core:WithinOneYear2022-10-3111616067core:AfterOneYear2023-10-3111616067core:AfterOneYear2022-10-3111616067core:ShareCapital2023-10-3111616067core:ShareCapital2022-10-3111616067core:RetainedEarningsAccumulatedLosses2023-10-3111616067core:RetainedEarningsAccumulatedLosses2022-10-3111616067bus:Director12022-11-012023-10-3111616067bus:RegisteredOffice2022-11-012023-10-31116160672021-11-012022-10-3111616067core:PlantMachinery2023-10-3111616067core:PlantMachinery2022-11-0111616067core:PlantMachinery2022-11-012023-10-3111616067core:PlantMachinery2022-10-311161606712022-11-012023-10-3111616067countries:EnglandWales2022-11-012023-10-3111616067bus:AuditExempt-NoAccountantsReport2022-11-012023-10-3111616067bus:PrivateLimitedCompanyLtd2022-11-012023-10-3111616067bus:SmallEntities2022-11-012023-10-3111616067bus:FullAccounts2022-11-012023-10-31
Company registration number:
11616067
G30 Digital Ltd
Unaudited Filleted Financial Statements for the year ended
31 October 2023
G30 Digital Ltd
Statement of Financial Position
31 October 2023
20232022
Note££
Fixed assets    
Tangible assets 5
37,383
 
47,364
 
Current assets    
Cash at bank and in hand
100,958
 
88,355
 
Creditors: amounts falling due within one year 6
(18,393
)
(12,695
)
Net current assets
82,565
 
75,660
 
Total assets less current liabilities 119,948   123,024  
Creditors: amounts falling due after more than one year 7
(50,735
)
(52,666
)
Net assets
69,213
 
70,358
 
Capital and reserves    
Called up share capital
101
 
101
 
Profit and loss account
69,112
 
70,257
 
Shareholders funds
69,213
 
70,358
 
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.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
31 July 2024
, and are signed on behalf of the board by:
Mr Graham Roberts
Director
Company registration number:
11616067
G30 Digital Ltd
Notes to the Financial Statements
Year ended
31 October 2023

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
44 Golwg Y Coed
,
Barry
,
Vale of Glamorgan
,
CF63 1AF
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Finance leases and hire purchase contracts

Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.
Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was
1
(2022:
2.00
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 November 2022
and
31 October 2023
62,395
 
Depreciation  
At
1 November 2022
15,031
 
Charge
9,981
 
At
31 October 2023
25,012
 
Carrying amount  
At
31 October 2023
37,383
 
At 31 October 2022
47,364
 

6 Creditors: amounts falling due within one year

20232022
££
Taxation and social security
11,851
 
4,710
 
Other creditors
6,542
 
7,985
 
18,393
 
12,695
 

7 Creditors: amounts falling due after more than one year

20232022
££
Other creditors
50,735
 
52,666