Gconnect Technology Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03484343 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

GCONNECT TECHNOLOGY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D J Massey

P Miles

REGISTERED OFFICE:

Unit 4

Bartle Court Business Village

Rosemary Lane

Preston

Lancashire

PR4 0HB

REGISTERED NUMBER:

03484343 (England and Wales)

CURRENT ASSETS

Debtors

4

287,324

90,303

CREDITORS

Amounts falling due within one year

5

287,304

90,283

NET CURRENT ASSETS

20

TOTAL ASSETS LESS CURRENT
LIABILITIES

20

CAPITAL AND RESERVES

Called up share capital

20

SHAREHOLDERS' FUNDS

20

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 December 2025 and were signed on its behalf by:

P Miles - Director

1.	STATUTORY INFORMATION

Gconnect Technology 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 (£).

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Amounts owed by group undertakings

287,324

90,303

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Bank loans and overdrafts

287,304

90,283

6.	CONTINGENT LIABILITIES

A group VAT registration was in existence during the year which included Gconnect Technology Limited and certain other group companies. At the year end, the amount due to HM Revenue and Customs in relation to the other group companies totalled £144,544 (2024-£98,240).

The office rental operating lease commitment of Gconnect Technology Limited's ultimate parent company, Infinium Group Limited, is cross guaranteed by Gconnect Technology Limited and certain other group companies. At the year end, the commitment totalled £nil (2024 £Nil)

7.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

8.	POST BALANCE SHEET EVENTS

After the year end, Cumulus Computing Limited, the parent undertaking of the company, was indirectly acquired following the acquisition of Infinium Group Limited by Infinium Bidco Limited, a subsidiary of Infinium Topco Limited. As a result of this transaction, Infinium Topco Limited became the company’s ultimate controlling party.

This is a non-adjusting post balance sheet event and therefore no adjustment has been made to the financial statements.

9.	ULTIMATE CONTROLLING PARTY

The parent company of Gconnect Technology Limited is Cumulus Computing Limited, and the ultimate parent company is Infinium Group Limited. Both companies have a registered office of Unit 4, Bartle Court Business Village, Rosemary Lane, Bartle, Preston, England PR4 0HB.