G2_GROUP_LIMITED - Accounts

G2 GROUP LIMITED - Company Information

Print Friendly Version

Company Registration No. 03740782 (England and Wales)

G2 GROUP LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2015

G2 GROUP LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

G2 GROUP LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

2014

Notes

Fixed assets

Investments

324,315

350,624

Current assets

Debtors

111

1,559

Cash at bank and in hand

993

2,327

1,104

3,886

Creditors: amounts falling due within one year

(128,221)

(129,328)

Net current liabilities

(127,117)

(125,442)

Total assets less current liabilities

197,198

225,182

Capital and reserves

Called up share capital

3,082

Share premium account

142,165

Profit and loss account

51,951

79,935

Shareholders' funds

197,198

225,182

For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 10 December 2015

S T Gillespie

Director

Company Registration No. 03740782

G2 GROUP LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of one year.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

20% per annum straight line basis

Computer equipment

33% per annum straight line basis

1.5

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.6

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

G2 GROUP LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2015

- 3 -

Fixed assets

Intangible assets

Tangible assets

Investments

Total

Cost

At 1 April 2014 & at 31 March 2015

800

18,992

419,674

439,466

Depreciation

At 1 April 2014

800

18,992

69,050

88,842

Charge for the year

26,309

At 31 March 2015

800

18,992

95,359

115,151

Net book value

At 31 March 2015

324,315

At 31 March 2014

350,624

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Subsidiary undertakings

G2 Legal Limited

England & Wales

Ordinary

100.00

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2015

Principal activity

G2 Legal Limited

Provision of personnel to the legal profession

1,121,595

235,125

Share capital

2015

2014

Allotted, called up and fully paid

2,927 Ordinary shares of £1 each

2,927

155 Ordinary A shares of £1 each

155

3,082