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REGISTERED NUMBER: 04811905 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Go 2 Telecom Limited

Go 2 Telecom Limited (Registered number: 04811905)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


Go 2 Telecom Limited (Registered number: 04811905)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 73,702 87,336

CURRENT ASSETS
Stocks 54,321 63,700
Debtors 5 589,415 430,951
Cash at bank and in hand 223,185 115,261
866,921 609,912
CREDITORS
Amounts falling due within one year 6 691,471 449,739
NET CURRENT ASSETS 175,450 160,173
TOTAL ASSETS LESS CURRENT LIABILITIES 249,152 247,509

PROVISIONS FOR LIABILITIES 10,073 11,661
NET ASSETS 239,079 235,848

CAPITAL AND RESERVES
Called up share capital 166 166
Retained earnings 238,913 235,682
SHAREHOLDERS' FUNDS 239,079 235,848

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 April 2025 and were signed on its behalf by:





Mrs J A Santos - Director


Go 2 Telecom Limited (Registered number: 04811905)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Go 2 Telecom Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04811905

Registered office: 5 Bridgewater Court
Barsbank Lane
Lymm
WA13 0ER

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Revenue is recognised as the company becomes entitled to consideration for the goods supplied.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on cost
Computer equipment - 20% on cost

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 Profit and Loss Account, 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Go 2 Telecom Limited (Registered number: 04811905)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

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 8 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 January 2024 39,454 14,069 132,146 26,725 212,394
Additions - - - 6,175 6,175
At 31 December 2024 39,454 14,069 132,146 32,900 218,569
DEPRECIATION
At 1 January 2024 4,028 5,065 110,620 5,345 125,058
Charge for year 2,015 1,802 9,412 6,580 19,809
At 31 December 2024 6,043 6,867 120,032 11,925 144,867
NET BOOK VALUE
At 31 December 2024 33,411 7,202 12,114 20,975 73,702
At 31 December 2023 35,426 9,004 21,526 21,380 87,336

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 192,194 209,555
Amounts owed by group undertakings 356,459 201,459
Other debtors 40,762 19,937
589,415 430,951

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 565,388 375,459
Amounts owed to group undertakings 44,747 7,941
Taxation and social security 54,537 48,763
Other creditors 26,799 17,576
691,471 449,739

7. FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £15,230 (2023 £28,284) This financial commitment represents the total amount of payments remaining on leases ending in 2026.

Go 2 Telecom Limited (Registered number: 04811905)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Go 2 Europe Limited by virtue of 100% of the voting share capital.