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REGISTERED NUMBER: 03839740












Financial Statements

for the Year Ended 29 February 2024

for

G3G (UK) Limited

G3G (UK) Limited (Registered number: 03839740)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


G3G (UK) Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: A R Kessler
J L Mcfadzean
R J Patrick
F E Wood





SECRETARY: Ark Professional Services Limited





REGISTERED OFFICE: Churchill House
137 Brent Street
London
NW4 4DJ





REGISTERED NUMBER: 03839740





AUDITORS: PB Associates
Chartered Accountants and Chartered Tax Advisers
2 Castle Business Village
Station Road
Hampton
Middlesex
TW12 2BX

G3G (UK) Limited (Registered number: 03839740)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,092 10

CURRENT ASSETS
Debtors 5 1,041,229 616,089
Cash at bank 821,415 1,261,625
1,862,644 1,877,714
CREDITORS
Amounts falling due within one year 6 1,261,145 1,241,825
NET CURRENT ASSETS 601,499 635,889
TOTAL ASSETS LESS CURRENT
LIABILITIES

617,591

635,899

CAPITAL AND RESERVES
Called up share capital 7 110 110
Retained earnings 8 617,481 635,789
SHAREHOLDERS' FUNDS 617,591 635,899

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 27 November 2024 and were signed on its behalf by:





J L Mcfadzean - Director


G3G (UK) Limited (Registered number: 03839740)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

G3G (UK) Limited is a private company limited by shares, registered in England. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

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.

G3G (UK) Limited (Registered number: 03839740)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued

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.

Going concern
At the time of approving the financial statements, the directors have undertaken an assessment of the adequacy of the resources available to the company as well as the expected support available from the Parent company.

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and accordingly continue to adopt the going concern basis of accounting in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2023 - 22 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 47,174
Additions 21,456
At 29 February 2024 68,630
DEPRECIATION
At 1 March 2023 47,164
Charge for year 5,374
At 29 February 2024 52,538
NET BOOK VALUE
At 29 February 2024 16,092
At 28 February 2023 10

G3G (UK) Limited (Registered number: 03839740)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 1,041,099 606,305
Other debtors 130 9,784
1,041,229 616,089

Included in trade debtors are balances due from related parties as follows:

EPI-USE America Inc £285
EPI-USE Canada Inc £1,111
EPI-USE Labs Denmark £43,140
EPI-USE Labs Limited £659,768
G3G (Pty) Ltd £4,111

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 559,830 555,178
Amounts owed to group undertakings 1,950 252
Taxation and social security 469,427 449,474
Other creditors 229,938 236,921
1,261,145 1,241,825

Included in trade creditors are balances owed to related parties as follow

EPI-USE Australia £2,428
EPI-USE Labs Limited £2,288
G3G (Pty) Ltd £35,024
Group Elephant Limited £11,214

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
11,000 Ordinary 0.01 110 110

G3G (UK) Limited (Registered number: 03839740)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

8. RESERVES
Retained
earnings
£   

At 1 March 2023 635,789
Deficit for the year (18,308 )
At 29 February 2024 617,481

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Ashfaq Sharif BA FCA CTA (Senior Statutory Auditor)
for and on behalf of PB Associates

10. RELATED PARTY DISCLOSURES

Related Party Sales Purchases Debtor Creditor

EPI-USE Labs Limited £2,837,203 £70,370 £659,768 £2,288
EPI-USE Labs Denmark £50,088 - £43,140 -
EPI-USE America Inc £15,530 - £285 -
EPI-USE Australia Pty Ltd - £24,263 - £2,428
EPI-USE Canada Inc £11,386 - £1,111 -
EPI-USE Limited £15,118 £16,312 - £1,950
Group Elephant - EPI-USE
Systems Limited


£2,507

£11,214

-

£11,214
G3G (Pty) Ltd £50,602 £465,729 £4,111 £35,024
K5 Business Mauritius Limited £16,225


11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is EPI-USE Systems Limited.

There are a number of shareholders in EPI-USE Systems Limited, none of whom hold a controlling interest in the company.