REGISTERED NUMBER: 09258164 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 JANUARY 2024 TO 30 DECEMBER 2024

FOR

G COMMUNICATIONS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs C L Greenwood-Dodsworth

REGISTERED OFFICE:

Unit 3 Trillennium Park

Gorsey Lane

Coleshill

Birmingham

B46 1JU

REGISTERED NUMBER:

09258164 (England and Wales)

ACCOUNTANTS:

Philip Barnes & Co Limited

Chartered Accountants

The Old Council Chambers

Halford Street

Tamworth

Staffordshire

B79 7RB

FIXED ASSETS

Tangible assets

4

316,701

451,962

CURRENT ASSETS

Stocks

1,597,477

1,735,868

Debtors

5

2,604,657

3,028,365

Cash at bank

136,630

66,592

4,338,764

4,830,825

CREDITORS

Amounts falling due within one year

6

4,643,159

4,355,363

NET CURRENT (LIABILITIES)/ASSETS

(304,395

)

475,462

TOTAL ASSETS LESS CURRENT LIABILITIES

12,306

927,424

CREDITORS

Amounts falling due after more than one year

7

(178,022

)

(266,587

)

PROVISIONS FOR LIABILITIES

(12,886

)

(12,886

)

NET (LIABILITIES)/ASSETS

(178,602

)

647,951

CAPITAL AND RESERVES

Called up share capital

9

2

2

Retained earnings

(178,604

)

647,949

SHAREHOLDERS' FUNDS

(178,602

)

647,951

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 October 2025 and were signed by:

Mrs C L Greenwood-Dodsworth - Director

1.	STATUTORY INFORMATION

G Communications Ltd 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.

The significant accounting policies applied in the preparation of the financial statements are set out below. These policies have been consistently applied to all periods presented unless otherwise stated.

These accounts have been prepared on a going concern basis. This is dependent on the continued support of the company's bankers.

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.

Improvements to property

-

20% on cost

Plant and machinery

-

20% on cost

Motor vehicles

-

20% reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 period 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.

EMPLOYEES

The average number of employees during the period was 44 (2023 - 50 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

80,833

649,763

58,449

123,613

912,658

Additions

-

27,329

-

17,064

44,393

At 30 December 2024

80,833

677,092

58,449

140,677

957,051

DEPRECIATION

At 1 January 2024

39,430

331,351

14,256

75,659

460,696

Charge for period

12,437

124,699

11,690

30,828

179,654

At 30 December 2024

51,867

456,050

25,946

106,487

640,350

NET BOOK VALUE

At 30 December 2024

28,966

221,042

32,503

34,190

316,701

At 31 December 2023

41,403

318,412

44,193

47,954

451,962

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

2,205,223

2,601,208

Other debtors

399,434

427,157

2,604,657

3,028,365

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

83,333

83,333

Hire purchase contracts

6,074

6,461

Trade creditors

2,024,180

1,902,009

Taxation and social security

484,482

344,892

Other creditors

2,045,090

2,018,668

4,643,159

4,355,363

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

159,722

243,055

Hire purchase contracts

18,300

23,532

178,022

266,587

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Other creditors

1,879,317

1,806,255

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary A

1p

1

1

100

Ordinary B

1p

1

1

2

2

10.	RELATED PARTY DISCLOSURES

Other related parties

2024

2023

£

£

Amounts due from related parties

-

48,149

Amounts due to related parties

40,182

40,000