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REGISTERED NUMBER: 14202494 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

GX Group Limited

GX Group Limited (Registered number: 14202494)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GX Group Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: S Pearson
Ms C L Ricketts
D Crewe
M A Helmich





SECRETARY: Mrs E McDonnell





REGISTERED OFFICE: The Mayfield
Llanbadoc
Usk
Monmouthshire
NP15 1SY





REGISTERED NUMBER: 14202494 (England and Wales)





ACCOUNTANTS: DGL Accountancy Services Limited
Chartered Certified Accountants
35 Hen Parc Avenue
Upper Killay
Swansea
SA2 7HA

GX Group Limited (Registered number: 14202494)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Investments 4 994,635 994,635

CURRENT ASSETS
Cash in hand 104 104

CREDITORS
Amounts falling due within one year 5 281,726 180,358
NET CURRENT LIABILITIES (281,622 ) (180,254 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

713,013

814,381

CREDITORS
Amounts falling due after more than
one year

6

663,090

773,605
NET ASSETS 49,923 40,776

CAPITAL AND RESERVES
Called up share capital 104 104
Retained earnings 8 49,819 40,672
49,923 40,776

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

GX Group Limited (Registered number: 14202494)

Balance Sheet - continued
30 September 2024


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 11 June 2025 and were signed on its behalf by:





S Pearson - Director


GX Group Limited (Registered number: 14202494)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

GX Group Limited is a private company, limited by shares , registered in England and Wales. 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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2023
and 30 September 2024 994,635
NET BOOK VALUE
At 30 September 2024 994,635
At 30 September 2023 994,635

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Grid Xitek Limited
Registered office: The Mayfield, Usk, Monmouthshire, NP15 1SY
Nature of business: Design services and prototype engineering
%
Class of shares: holding
Ordinary 100.00

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Other loans 281,726 180,358

GX Group Limited (Registered number: 14202494)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.9.24 30.9.23
£    £   
Other loans (see note 7) 663,090 773,605

7. LOANS

Other loans represent the balance outstanding in respect of a Management Buyout on 22 July 2022. The loans are repayable over a period of 9 years, interest free and unsecured.

8. RESERVES
Retained
earnings
£   

At 1 October 2023 40,672
Profit for the year 91,767
Dividends (82,620 )
At 30 September 2024 49,819

9. ULTIMATE CONTROLLING PARTY

In the opinion of the directors, the ultimate controlling parties are any shareholders who when combined hold a majority of the voting share capital.