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Company Registration No. 13550685 (England and Wales)
G2K LTD Unaudited accounts for the period from 1 September 2023 to 31 March 2024
G2K LTD Unaudited accounts Contents
Page
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G2K LTD Company Information for the period from 1 September 2023 to 31 March 2024
Directors
Gordon David Leak Karen Elizabeth Leak Katharine Erica Shelton Geoffrey Frederick Groves
Company Number
13550685 (England and Wales)
Registered Office
The Hunters Inn Longdon Tewksbury GL20 6AR England
Accountants
Saccounts Limited 190 Cathedral Road Cardiff CF11 9JE
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G2K LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
12,859 
15,586 
Tangible assets
733,500 
743,643 
746,359 
759,229 
Current assets
Inventories
4,384 
4,384 
Debtors
1,860 
2,560 
Cash at bank and in hand
26,418 
35,809 
32,662 
42,753 
Creditors: amounts falling due within one year
(922,178)
(903,205)
Net current liabilities
(889,516)
(860,452)
Net liabilities
(143,157)
(101,223)
Capital and reserves
Called up share capital
4 
4 
Profit and loss account
(143,161)
(101,227)
Shareholders' funds
(143,157)
(101,223)
For the period ending 31 March 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 7 August 2024 and were signed on its behalf by
Gordon David Leak Director Company Registration No. 13550685
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G2K LTD Notes to the Accounts for the period from 1 September 2023 to 31 March 2024
1
Statutory information
G2K LTD is a private company, limited by shares, registered in England and Wales, registration number 13550685. The registered office is The Hunters Inn, Longdon, Tewksbury, GL20 6AR, England.
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 period, 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.
Going concern
The preparation of the accounts under the going concern basis remains appropriate as the directors have confirmed that they will continue to give financial support to the company until such time as its position improves.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when the risks and rewards of ownership have transferred to the buyer.
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:
Land & buildings
2%
Fixtures & fittings
20% to 33%
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and til software) are included at cost less accumulated amortisation. They are depreciated at a rate of 20% per year.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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G2K LTD Notes to the Accounts for the period from 1 September 2023 to 31 March 2024
4
Intangible fixed assets
Goodwill 
Other 
Total 
£ 
£ 
£ 
Cost
At 1 September 2023
20,000 
3,379 
23,379 
At 31 March 2024
20,000 
3,379 
23,379 
Amortisation
At 1 September 2023
6,666 
1,127 
7,793 
Charge for the period
2,333 
394 
2,727 
At 31 March 2024
8,999 
1,521 
10,520 
Net book value
At 31 March 2024
11,001 
1,858 
12,859 
At 31 August 2023
13,334 
2,252 
15,586 
5
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2023
737,005 
60,169 
797,174 
Additions
- 
10,559 
10,559 
At 31 March 2024
737,005 
70,728 
807,733 
Depreciation
At 1 September 2023
24,567 
28,964 
53,531 
Charge for the period
8,598 
12,104 
20,702 
At 31 March 2024
33,165 
41,068 
74,233 
Net book value
At 31 March 2024
703,840 
29,660 
733,500 
At 31 August 2023
712,438 
31,205 
743,643 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
1,860 
2,560 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
18,419 
18,336 
Taxes and social security
2,421 
1,581 
Other creditors
15,309 
12,259 
Loans from directors
885,129 
870,129 
Accruals
900 
900 
922,178 
903,205 
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G2K LTD Notes to the Accounts for the period from 1 September 2023 to 31 March 2024
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
400 Ordinary shares of £0.01 each
4 
4 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Gordon David Leak
Advances / (Credits) to Directors
(839,241)
- 
- 
(839,241)
Katharine Erica Shelton
Advances / (Credits) to Directors
(25,380)
- 
- 
(25,380)
Geoffrey Frederick Groves
Advances / (Credits) to Directors
(5,508)
- 
- 
(5,508)
(870,129)
- 
- 
(870,129)
During the year the directors entered into the above advances and credits with the company. In addition, directors emoluments were £36,191. The emoluments of the highest paid director were £18,868.
10
Average number of employees
During the period the average number of employees was 15 (2023: 14).
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