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REGISTERED NUMBER: 12227967 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 DECEMBER 2023

FOR

G-SEVENTEEN (UK) LIMITED

G-SEVENTEEN (UK) LIMITED (REGISTERED NUMBER: 12227967)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


G-SEVENTEEN (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 DECEMBER 2023







DIRECTORS: C Buttaci
Ms G L Giovando





REGISTERED OFFICE: 2nd Floor, Unit 6 Park Court
Pyrford Road
West Byfleet
United Kingdom
KT14 6SD





REGISTERED NUMBER: 12227967 (England and Wales)





ACCOUNTANTS: Waterfords Europe Limited t/a Jon Avol Waterfords
204 Field End Road
Eastcote
Middlesex
HA5 1RD

G-SEVENTEEN (UK) LIMITED (REGISTERED NUMBER: 12227967)

BALANCE SHEET
30 DECEMBER 2023

30.12.23 30.12.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 23,338 27,338
Tangible assets 5 358,199 413,534
381,537 440,872

CURRENT ASSETS
Stocks 29,785 7,524
Debtors 6 34,690 70,386
Cash at bank and in hand 98,049 43,334
162,524 121,244
CREDITORS
Amounts falling due within one year 7 (104,615 ) (16,278 )
NET CURRENT ASSETS 57,909 104,966
TOTAL ASSETS LESS CURRENT
LIABILITIES

439,446

545,838

CREDITORS
Amounts falling due after more than one
year

8

(1,730,063

)

(1,630,063

)
NET LIABILITIES (1,290,617 ) (1,084,225 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (1,291,617 ) (1,085,225 )
(1,290,617 ) (1,084,225 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by:



Ms G L Giovando - Director


G-SEVENTEEN (UK) LIMITED (REGISTERED NUMBER: 12227967)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2023

1. STATUTORY INFORMATION

G-Seventeen (Uk) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Going concern
The director has prepared the accounts on a going concern basis which assumes the continued support of of the Company's shareholders.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 10 ) .

G-SEVENTEEN (UK) LIMITED (REGISTERED NUMBER: 12227967)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 DECEMBER 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 31 December 2022
and 30 December 2023 40,000
AMORTISATION
At 31 December 2022 12,662
Charge for year 4,000
At 30 December 2023 16,662
NET BOOK VALUE
At 30 December 2023 23,338
At 30 December 2022 27,338

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 31 December 2022 450,000 160,896 610,896
Additions - 1,620 1,620
At 30 December 2023 450,000 162,516 612,516
DEPRECIATION
At 31 December 2022 71,250 126,112 197,362
Charge for year 22,500 34,455 56,955
At 30 December 2023 93,750 160,567 254,317
NET BOOK VALUE
At 30 December 2023 356,250 1,949 358,199
At 30 December 2022 378,750 34,784 413,534

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.12.23 30.12.22
£    £   
Trade debtors 5,638 -
Other debtors 29,052 70,386
34,690 70,386

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.12.23 30.12.22
£    £   
Trade creditors 21,024 7,537
Taxation and social security 25,962 (1,737 )
Other creditors 57,629 10,478
104,615 16,278

G-SEVENTEEN (UK) LIMITED (REGISTERED NUMBER: 12227967)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 DECEMBER 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.12.23 30.12.22
£    £   
Other creditors 1,730,063 1,630,063

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Shareholders loan 1,730,063 1,630,063