REGISTERED NUMBER: 03676741 (England and Wales)

CREDIT G LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D C Leaker

J E Smith

REGISTERED OFFICE:

Sovereign House

12 Warwick Street

Coventry

West Midlands

CV5 6ET

REGISTERED NUMBER:

03676741 (England and Wales)

ACCOUNTANTS:

Burrows Scarborough

Chartered Accountants

Sovereign House

12 Warwick Street

Coventry

West Midlands

CV5 6ET

BANKERS:

Barclays

953 Brighton Road

Purley

Surrey

CR8 2YH

FIXED ASSETS

Tangible assets

4

20,650

26,630

CURRENT ASSETS

Debtors

5

89,713

75,205

Cash at bank

297,000

330,059

386,713

405,264

CREDITORS

Amounts falling due within one year

6

99,214

134,545

NET CURRENT ASSETS

287,499

270,719

TOTAL ASSETS LESS CURRENT LIABILITIES

308,149

297,349

ACCRUALS AND DEFERRED INCOME

2,937

5,406

NET ASSETS

305,212

291,943

CAPITAL AND RESERVES

Called up share capital

7

1,000

1,000

Share premium

17,700

17,700

Capital redemption reserve

(9,900

)

(9,900

)

Retained earnings

296,412

283,143

SHAREHOLDERS' FUNDS

305,212

291,943

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 & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by:

D C Leaker - Director

1.	STATUTORY INFORMATION

Credit G 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.

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

The financial statements are rounded to the nearest £1.

All members have consented to the abridgements of these financial statements.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Employee benefits

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2024

11,872

35,184

6,120

53,176

Additions

-

-

930

930

At 31 December 2024

11,872

35,184

7,050

54,106

DEPRECIATION

At 1 January 2024

11,872

8,796

5,878

26,546

Charge for year

-

6,597

313

6,910

At 31 December 2024

11,872

15,393

6,191

33,456

NET BOOK VALUE

At 31 December 2024

-

19,791

859

20,650

At 31 December 2023

-

26,388

242

26,630

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

13,832

248

Directors' loan accounts

60,114

59,423

Tax

15,667

15,434

Called up share capital not paid

100

100

89,713

75,205

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

63,683

103,340

Tax

4,278

564

Social security and other taxes

1,481

234

VAT

10,595

11,230

Other creditors

19,177

19,177

99,214

134,545

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1,000

Ordinary

£1.00

1,000

1,000

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

D C Leaker

Balance outstanding at start of year

49,988

48,907

Amounts advanced

297

1,081

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

50,285

49,988

J E Smith

Balance outstanding at start of year

9,435

8,887

Amounts advanced

394

548

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

9,829

9,435