G3G (UK) Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 03839740

Financial Statements

for the Year Ended 28 February 2018

for

G3G (UK) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C D Gunter

A R Kessler

J L Mcfadzean

SECRETARY:

Ark Professional Services Limited

REGISTERED OFFICE:

Churchill House

137 Brent Street

London

NW4 4DJ

REGISTERED NUMBER:

03839740

AUDITORS:

PB Associates

Chartered Accountants and Chartered Tax Advisers

2 Castle Business Village

Station Road

Hampton

Middlesex

TW12 2BX

FIXED ASSETS

Tangible assets

4

14,148

7,516

CURRENT ASSETS

Debtors

5

7,177,000

654,300

Cash at bank

2,100,204

848,345

9,277,204

1,502,645

CREDITORS

Amounts falling due within one year

6

6,921,636

1,928,027

NET CURRENT ASSETS/(LIABILITIES)

2,355,568

(425,382

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,369,716

(417,866

)

CAPITAL AND RESERVES

Called up share capital

7

110

110

Retained earnings

8

2,369,606

(417,976

)

SHAREHOLDERS' FUNDS

2,369,716

(417,866

)

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 21 June 2018 and were signed on its behalf by:

C D Gunter - Director

1.	STATUTORY INFORMATION

G3G (UK) Limited is a private company limited by shares, registered in England. 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Plant and machinery etc

-

25% on cost

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 48 (2017 - 24 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2017

34,015

Additions

12,910

At 28 February 2018

46,925

DEPRECIATION

At 1 March 2017

26,499

Charge for year

6,278

At 28 February 2018

32,777

NET BOOK VALUE

At 28 February 2018

14,148

At 28 February 2017

7,516

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.18

28.2.17

£

£

Trade debtors

7,153,022

646,590

Other debtors

23,978

7,710

7,177,000

654,300

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.18

28.2.17

£

£

Trade creditors

4,914,004

855,766

Taxation and social security

1,287,315

504,842

Other creditors

720,317

567,419

6,921,636

1,928,027

Included in trade creditors are balances owed to related parties as follows:

EPI-USE Limited £27,704

EPI-USE America Inc £2,281,755

EPI-USE Malaysia SDN BHD £7,024

EPI-USE Systems Limited £2,178,117

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.18

28.2.17

value:

£

£

10,000

Ordinary

0.01

100

100

1,000

Ordinary B

0.01

10

10

110

110

8.

RESERVES

Retained

earnings

£

At 1 March 2017

(417,976

)

Profit for the year

2,787,582

At 28 February 2018

2,369,606

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Ashfaq Sharif BA FCA CTA (Senior Statutory Auditor)

for and on behalf of PB Associates

10.	RELATED PARTY DISCLOSURES

The company paid £1,741,820 in services charges to EPI-USE Systems Limited during the period.

The company made sales of £83,271 to and purchases of £5,655,645 from EPI-USE America Inc during the

period.

The company made sales of £1,442 to and purchases of £291,417 from EPI-USE Limited during the period.

At the balance sheet date the company owed £2,281,755 to EPI-USE America Inc.

At the balance sheet date the company owed £27,704 to EPI-USE Limited.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is EPI-USE Systems Limited.

There are a number of shareholders in EPI-USE Systems Limited, none of whom hold a controlling interest in

the company.