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Registered Number: 11122695
England and Wales

 

 

 

GLOBAL MOTOR SALES LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 January 2021

End date: 31 December 2021
Director Mr C Grout
Registered Number 11122695
Registered Office Unit 2C Polhilsa Business Park
Kelly Bray
PL17 8PP
Accountants FUEL Accountancy Services Ltd
Chartered Certified Accountants
66 Faraday Mill Business Park
Cattedown, Plymouth
PL4 0ST
1
  2021   2020
    £ £   £ £
Fixed assets   23,963      16,389 
Current assets 222,414      196,814   
Creditors: amount falling due within one year (168,142)     (141,849)  
Net current assets   54,272      54,965 
Total assets less current liabilities   78,235      71,354 
Creditors: amount falling due after more than one year   (34,917)     (50,000)
Net assets   43,318      21,354 
 

         
Capital and reserves   43,318      21,354 
 
NOTES TO THE ACCOUNTS

General Information
GLOBAL MOTOR SALES LTD is a private company, limited by shares, registered in England and Wales, registration number 11122695, registration address Unit 2C Polhilsa Business Park, Kelly Bray, PL17 8PP.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
2.

Average number of employees

Average number of employees during the year was 4 (2020 : 1).


For the year ended 31 December 2021 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Director's Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and FRS 105, the financial reporting standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 07 September 2022 and were signed by:


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Mr C Grout
Director
2