Acorah Software Products - Accounts Production 12.4.009 false 1 January 2021 31 December 2021 31 December 2021 06015537 A F Phillips M Zaaiman I W Zaaiman Exceed Cosec Services Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06015537 2020-12-31 06015537 2021-12-31 06015537 2021-01-01 2021-12-31 06015537 frs-core:CurrentFinancialInstruments 2021-12-31 06015537 frs-core:CurrentFinancialInstruments 2021-01-01 2021-12-31 06015537 frs-core:Non-currentFinancialInstruments 2021-12-31 06015537 frs-core:Non-currentFinancialInstruments 2021-01-01 2021-12-31 06015537 frs-core:CurrentFinancialInstruments 2021-01-01 2021-12-31 06015537 frs-core:CurrentFinancialInstruments 2021-12-31 06015537 frs-core:AfterOneYear 2021-01-01 2021-12-31 06015537 frs-core:BetweenOneFiveYears 2021-01-01 2021-12-31 06015537 frs-core:BetweenOneFiveYears 2021-12-31 06015537 frs-core:ComputerEquipment 2021-12-31 06015537 frs-core:ComputerEquipment 2021-01-01 2021-12-31 06015537 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frs-countries:EnglandWales 2020-01-01 2020-12-31
Registered number: 06015537
Global Offshore Projects Limited
Directors' Report and
Unaudited Financial Statements
For The Year Ended 31 December 2021
Directors' Report and Unaudited Financial Statements
Contents
Page
Company Information 1
Directors' Report 2
Accountants' Report 3
Statement of Income and Retained Earnings 4
Balance Sheet 5
Notes to the Financial Statements 6—7
Page 1
Company Information
Directors A F Phillips
M Zaaiman
I W Zaaiman
Secretary Exceed Cosec Services Limited
Company Number 06015537
Registered Office Bank House
81 St Judes Road
Englefield Green
Surrey
TW20 0DF
Accountants Exceed Accountants Limited
Bank House, 81 St Judes Road
Englefield Green
TW20 0DF
Page 1
Page 2
Directors' Report
The directors present their report and the financial statements for the year ended 31 December 2021 .
Principal Activity
The company's principal activity continues to be that of demolition of military buildings and equipment.
Directors
The directors who held office during the year were as follows:
A F Phillips
M Zaaiman
I W Zaaiman
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
M Zaaiman
Director
13/09/2022
Page 2
Page 3
Accountants' Report
Chartered Accountants' report to the directors on the preparation of the unaudited statutory accounts of Global Offshore Projects Limited For The Year Ended 31 December 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Global Offshore Projects Limited For The Year Ended 31 December 2021 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the directors of Global Offshore Projects Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Global Offshore Projects Limited and state those matters that we have agreed to state to the directors of Global Offshore Projects Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Global Offshore Projects Limited and its directors, as a body, for our work or for this report.
It is your duty to ensure that Global Offshore Projects Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Global Offshore Projects Limited . You consider that Global Offshore Projects Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Global Offshore Projects Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
13/09/2022
Exceed Accountants Limited
Bank House, 81 St Judes Road
Englefield Green
TW20 0DF
Page 3
Page 4
Statement of Income and Retained Earnings
2021 2020
Notes £ £
TURNOVER 592,968 12,923
Cost of sales (34,615 ) -
GROSS PROFIT 558,353 12,923
Administrative expenses (1,105 ) (13,257 )
OPERATING PROFIT/(LOSS) AND PROFIT/(LOSS) BEFORE TAXATION 557,248 (334 )
Tax on Profit/(loss) (105,235 ) -
PROFIT/(LOSS) AFTER TAXATION BEING PROFIT/(LOSS) FOR THE FINANCIAL YEAR 452,013 (334 )
RETAINED EARNINGS
As at 1 January 2021 858 1,192
As at 31 December 2021 452,871 858
The notes on pages 6 to 7 form part of these financial statements.
Page 4
Page 5
Balance Sheet
2021 2020
Notes £ £ £ £
CURRENT ASSETS
Cash at bank and in hand 2,184,150 2,316,827
2,184,150 2,316,827
Creditors: Amounts Falling Due Within One Year 3 (1,731,273 ) (2,315,963 )
NET CURRENT ASSETS (LIABILITIES) 452,877 864
TOTAL ASSETS LESS CURRENT LIABILITIES 452,877 864
NET ASSETS 452,877 864
CAPITAL AND RESERVES
Called up share capital 4 6 6
Profit and Loss Account 452,871 858
SHAREHOLDERS' FUNDS 452,877 864
For the year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
On behalf of the board
M Zaaiman
Director
13/09/2022
The notes on pages 6 to 7 form part of these financial statements.
Page 5
Page 6
Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Coronavirus

On 11 March 2020 the World Health Organisation declared the COVID-19 outbreak as a worldwide pandemic. The directors are carefully monitoring the situation and following the applicable guidance issued by the UK Government. The outbreak has had a significant impact on both people and industry across the world. Due to the nature of the outbreak and the ongoing affect it is having globally it is currently very difficult to fully predict the overall impact this situation will have on the company and the business going forward.
1.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
1.3. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
1.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 1 (2020: 1)
1 1
3. Creditors: Amounts Falling Due Within One Year
2021 2020
£ £
Corporation tax 105,235 -
Accruals and deferred income 626,471 1,251,946
Directors' loan accounts 999,567 1,064,017
1,731,273 2,315,963
Page 6
Page 7
4. Share Capital
2021 2020
Allotted, Called up and fully paid 6 6
Value Number 2021 2020
Allotted, called up and fully paid £ £ £
Ordinary Shares 1 1 1 1
Ordinary A shares 1 1 1 1
Ordinary B shares 1 1 1 1
Ordinary C shares 1 1 1 1
Ordinary D shares 1 1 1 1
Ordinary E shares 1 1 1 1
6 6 6
5. Related Party Transactions
The company was under the control of M Zaaiman throughout the year.

At the year end, the company owed to M Zaaiman £999,567 (2020 - £1,064,017).
6. General Information
Global Offshore Projects Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06015537 . The registered office is Bank House, 81 St Judes Road, Englefield Green, Surrey, TW20 0DF.
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