| G3M Solutions Limited |
| Registered number: |
05560852 |
| Balance Sheet |
| as at 31 March 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
2,258 |
|
|
3,678 |
|
| Current assets |
| Debtors |
4 |
|
110,909 |
|
|
145,306 |
| Cash at bank and in hand |
|
|
31,290 |
|
|
3,211 |
|
|
|
142,199 |
|
|
148,517 |
|
| Creditors: amounts falling due within one year |
5 |
|
(81,880) |
|
|
(57,503) |
|
| Net current assets |
|
|
|
60,319 |
|
|
91,014 |
|
| Total assets less current liabilities |
|
|
|
62,577 |
|
|
94,692 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(28,711) |
|
|
(30,886) |
|
| Provisions for liabilities |
|
|
|
(429) |
|
|
(919) |
|
|
| Net assets |
|
|
|
33,437 |
|
|
62,887 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
7 |
|
|
1 |
|
|
1 |
| Profit and loss account |
|
|
|
33,436 |
|
|
62,886 |
|
| Shareholder's funds |
|
|
|
33,437 |
|
|
62,887 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
| G Lister |
| Director |
| Approved by the board on 30 December 2025 |
|
| G3M Solutions Limited |
| Notes to the Accounts |
| for the year ended 31 March 2025 |
|
|
| 1 |
Summary of significant accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared in accordance with Financial Reporting Standard 102 (FRS 102) and the Companies Act 2006 (as applicable to companies subject to the small company regime).
The significant accounting policies applied in the preparation of these statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Office equipment |
20 % - 33 1/3 % straight line |
|
|
Investments |
|
Listed investments are measured at fair value. Changes in fair value are included in the profit and loss account. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. . Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
Foreign currency translation |
|
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
|
|
Leased assets |
|
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Operating lease payments are recognised as an expense on a straight-line basis over the lease term. |
|
|
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. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Office equipment |
| £ |
|
Cost |
|
At 1 April 2024 |
14,413 |
|
Additions |
1,097 |
|
Disposals |
(791) |
|
At 31 March 2025 |
14,719 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2024 |
10,735 |
|
Charge for the year |
2,319 |
|
On disposals |
(593) |
|
At 31 March 2025 |
12,461 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2025 |
2,258 |
|
At 31 March 2024 |
3,678 |
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
- |
|
36,270 |
|
Other debtors |
110,909 |
|
109,036 |
|
|
|
|
|
|
110,909 |
|
145,306 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans and overdrafts |
9,609 |
|
9,609 |
|
Trade creditors |
1,081 |
|
3,174 |
|
Taxation and social security costs |
63,472 |
|
36,587 |
|
Other creditors |
7,718 |
|
8,133 |
|
|
|
|
|
|
81,880 |
|
57,503 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
28,711 |
|
30,886 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Share Capital |
Nominal |
Number |
|
2025 |
|
2024 |
| value |
£ |
£ |
|
Allotted, called up and fully paid |
|
Ordinary shares |
£1 each |
|
1 |
|
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Other financial commitments |
2025 |
|
2024 |
| £ |
£ |
|
|
Total future minimum payments under non-cancellable operating leases |
|
8,460 |
|
16,920 |
|
|
|
|
|
|
|
|
|
|
| 9 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
G Lister |
|
Interest free loan repayable on demand |
97,548 |
|
66,414 |
|
(83,911) |
|
80,051 |
|
|
|
97,548 |
|
66,414 |
|
(83,911) |
|
80,051 |
|
|
|
|
|
|
|
|
|
|
| 10 |
Related party transactions |
|
|
Use of home as office of £312 (2024 - £520) has been paid to the director. |
|
|
| 11 |
Other information |
|
|
G3M Solutions Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
The History Room at Farnham Pottery |
|
Pottery Lane |
|
Wrecclesham, Farnham |
|
Surrey |
|
GU10 4QJ |