Registered Number:08162498 |
For the year ended 31 May 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 May 2024
G2Connect Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
G2Connect Limited
Statement of Financial Position
2023
2024
Property, plant and equipment |
1,114
229
2
1,114
229
Trade and other receivables |
30,128
25,245
3
38,990
Cash and cash equivalents |
45,723
70,968
69,118
Trade and other payables: amounts falling due within one |
year |
(35,053)
(21,875)
4
34,065
49,093
Net current assets
Total assets less current liabilities |
50,207
34,294
Trade and other payables: amounts falling due after more |
than one year |
(13,259)
(18,519)
5
(202)
(32)
Provisions for liabilities |
31,486
Net assets
21,003
3
3
31,483
21,000
31,486
21,003
Shareholders' funds
For the year ended 31 May 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 of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 19 February 2025 and were signed by: |
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For the year ended 31 May 2024
G2Connect Limited
Statement of Financial Position Continued
The notes form part of these financial statements |
2 of 4
For the year ended 31 May 2024
G2Connect Limited
Notes to the Financial Statements
Statutory Information
G2Connect Limited is a private limited company, limited by shares, domiciled in England and Wales, registration |
number 08162498. |
Unity House
Fletcher Street
Bolton
Lancashire
BL3 6NE
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Computer equipment
Fixtures and fittings
2. Property, plant and equipment |
5,891
5,550
341
1,332
1,332
-
341
6,882
7,223
Provision for depreciation and impairment |
5,662
5,321
341
Charge for year
447
447
-
6,109
5,768
341
-
1,114
1,114
-
229
229
3 of 4
For the year ended 31 May 2024
G2Connect Limited
Notes to the Financial Statements Continued
3. Trade and other receivables |
2023
2024
25,245
30,128
4. Trade and other payables: amounts falling due within one year |
2023
2024
Bank loans and overdraft (secured) |
6,000
3,000
(2,005)
(1,081)
Taxation and social security |
16,760
32,084
1,120
1,050
21,875
35,053
5. Trade and other payables: amounts falling due after more than one year |
2023
2024
Bank loans and overdraft (secured) |
18,519
5,700
-
7,559
18,519
13,259
6. Average number of persons employed |
During the year the average number of employees was 1 (2023 : 1)
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