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Company Registration No. 13550685 (England and Wales)
G2K LTD Unaudited accounts for the year ended 31 March 2025
G2K LTD Unaudited accounts Contents
Page
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G2K LTD Company Information for the year ended 31 March 2025
Directors
Gordon David Leak Karen Elizabeth Leak Katharine Erica Shelton Geoffrey Frederick Groves
Company Number
13550685 (England and Wales)
Registered Office
The Hunters Inn Longdon Tewksbury GL20 6AR England
Accountants
Saccounts Limited 190 Cathedral Road Cardiff CF11 9JE
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G2K LTD Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Intangible assets
8,183 
12,859 
Tangible assets
786,059 
733,500 
794,242 
746,359 
Current assets
Inventories
4,384 
4,384 
Debtors
660 
1,860 
Cash at bank and in hand
23,576 
26,418 
28,620 
32,662 
Creditors: amounts falling due within one year
(44,889)
(37,049)
Net current liabilities
(16,269)
(4,387)
Total assets less current liabilities
777,973 
741,972 
Creditors: amounts falling due after more than one year
(981,309)
(885,129)
Net liabilities
(203,336)
(143,157)
Capital and reserves
Called up share capital
4 
4 
Profit and loss account
(203,340)
(143,161)
Shareholders' funds
(203,336)
(143,157)
For the year ending 31 March 2025 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 May 2025 and were signed on its behalf by
Gordon David Leak Director Company Registration No. 13550685
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G2K LTD Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
G2K LTD is a private company, limited by shares, registered in England and Wales, registration number 13550685. The registered office is The Hunters Inn, Longdon, Tewksbury, GL20 6AR, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
The preparation of the accounts under the going concern basis remains appropriate as the directors have confirmed that they will continue to give financial support to the company until such time as its position improves.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when the risks and rewards of ownership have transferred to the buyer.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2%
Fixtures & fittings
20% to 33%
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and til software) are included at cost less accumulated amortisation. They are depreciated at a rate of 20% per year.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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G2K LTD Notes to the Accounts for the year ended 31 March 2025
4
Intangible fixed assets
Goodwill 
Other 
Total 
£ 
£ 
£ 
Cost
At 1 April 2024
20,000 
3,379 
23,379 
At 31 March 2025
20,000 
3,379 
23,379 
Amortisation
At 1 April 2024
8,999 
1,521 
10,520 
Charge for the year
4,000 
676 
4,676 
At 31 March 2025
12,999 
2,197 
15,196 
Net book value
At 31 March 2025
7,001 
1,182 
8,183 
At 31 March 2024
11,001 
1,858 
12,859 
5
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2024
737,005 
70,728 
807,733 
Additions
- 
89,879 
89,879 
At 31 March 2025
737,005 
160,607 
897,612 
Depreciation
At 1 April 2024
33,165 
41,068 
74,233 
Charge for the year
14,740 
22,580 
37,320 
At 31 March 2025
47,905 
63,648 
111,553 
Net book value
At 31 March 2025
689,100 
96,959 
786,059 
At 31 March 2024
703,840 
29,660 
733,500 
6
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Other debtors
660 
1,860 
7
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
VAT
16,617 
18,419 
Taxes and social security
5,378 
2,421 
Other creditors
21,994 
15,309 
Accruals
900 
900 
44,889 
37,049 
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G2K LTD Notes to the Accounts for the year ended 31 March 2025
8
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Loans from directors
981,309 
885,129 
9
Share capital
2025 
2024 
£ 
£ 
Allotted, called up and fully paid:
400 Ordinary shares of £0.01 each
4 
4 
10
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Gordon David Leak
Advances / (Credits) to Directors
(846,742)
(43,670)
- 
(890,412)
Katharine Erica Shelton
Advances / (Credits) to Directors
(32,880)
(52,510)
- 
(85,390)
Geoffrey Frederick Groves
Advances / (Credits) to Directors
(5,508)
- 
- 
(5,508)
(885,130)
(96,180)
- 
(981,310)
During the year the directors entered into the above advances and credits with the company. In addition, directors emoluments were £29,570. The emoluments of the highest paid director were £19,500.
11
Average number of employees
During the year the average number of employees was 18 (2024: 15).
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