2023-06-01 08162498 2024-05-31 08162498 2023-06-01 2024-05-31 08162498 2023-05-31 08162498 2022-06-01 2023-05-31 08162498 uk-core:WithinOneYear 2023-05-31 08162498 uk-core:WithinOneYear 2024-05-31 08162498 uk-core:AfterOneYear 2023-05-31 08162498 uk-core:AfterOneYear 2024-05-31 08162498 uk-core:ShareCapital 2024-05-31 08162498 uk-core:ShareCapital 2023-05-31 08162498 uk-core:RetainedEarningsAccumulatedLosses 2024-05-31 08162498 uk-core:RetainedEarningsAccumulatedLosses 2023-05-31 08162498 uk-bus:Director1 2023-06-01 2024-05-31 08162498 uk-core:ToolsEquipment 2023-06-01 2024-05-31 08162498 uk-core:FurnitureFittings 2023-06-01 2024-05-31 08162498 uk-core:ToolsEquipment 2023-05-31 08162498 uk-core:FurnitureFittings 2023-05-31 08162498 uk-core:FurnitureFittings 2024-05-31 08162498 uk-core:ToolsEquipment 2024-05-31 08162498 uk-core:WithinOneYear uk-core:Secured 2024-05-31 08162498 uk-core:WithinOneYear uk-core:Secured 2023-05-31 iso4217:GBP xbrli:pure 08162498 uk-bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 08162498 uk-bus:FRS102 2023-06-01 2024-05-31 08162498 uk-bus:FilletedAccounts 2023-06-01 2024-05-31 08162498 uk-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31
G2Connect Limited
Registered Number:08162498
For the year ended 31 May 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 May 2024
G2Connect Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
08162498
As at 31 May 2024
G2Connect Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
1,114
229
2
1,114
229
Current assets
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
Capital and reserves
Called up share capital
3
3
Retained earnings
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.
Gulam Jhina Director
These financial statements were approved and authorised for issue by the Board on 19 February 2025 and were signed by:
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4
Registered Number :
08162498
For the year ended 31 May 2024
G2Connect Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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5
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.
Registered address:
Unity House
Fletcher Street
Bolton
Lancashire
BL3 6NE
The presentation currency is £ sterling.
1. Accounting policies
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:
25 Straight line
Computer equipment
10 Straight line
Fixtures and fittings
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
£
£
£
Cost or
valuation
At 01 June 2023
5,891
5,550
341
1,332
1,332
-
Additions
At 31 May 2024
341
6,882
7,223
Provision for depreciation and impairment
At 01 June 2023
5,662
5,321
341
Charge for year
447
447
-
At 31 May 2024
6,109
5,768
341
At 31 May 2024
Net book value
-
1,114
1,114
At 31 May 2023
-
229
229
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6
For the year ended 31 May 2024
G2Connect Limited
Notes to the Financial Statements Continued
3. Trade and other receivables
2023
2024
£
£
Other debtors
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
Trade creditors
(2,005)
(1,081)
Taxation and social security
16,760
32,084
Other creditors
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
Other creditors
-
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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