GLOBAL PHASING LIMITED

Company Registration Number:
03281473 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2022

Period of accounts

Start date: 01 January 2022

End date: 31 December 2022

GLOBAL PHASING LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2022

Balance sheet
Notes

GLOBAL PHASING LIMITED

Balance sheet

As at 31 December 2022


Notes

2022

2021


£

£
Fixed assets
Tangible assets: 3 9,228 16,552
Total fixed assets: 9,228 16,552
Current assets
Debtors: 4 245,950 285,979
Cash at bank and in hand: 2,330,967 1,880,371
Total current assets: 2,576,917 2,166,350
Creditors: amounts falling due within one year: 5 (497,167) (432,322)
Net current assets (liabilities): 2,079,750 1,734,028
Total assets less current liabilities: 2,088,978 1,750,580
Total net assets (liabilities): 2,088,978 1,750,580
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 2,088,878 1,750,480
Shareholders funds: 2,088,978 1,750,580

The notes form part of these financial statements

GLOBAL PHASING LIMITED

Balance sheet statements

For the year ending 31 December 2022 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 September 2023
and signed on behalf of the board by:

Name: Dr. G. Bricogne
Status: Director

The notes form part of these financial statements

GLOBAL PHASING LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

GLOBAL PHASING LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

2. Employees

2022 2021
Average number of employees during the period 9 9

GLOBAL PHASING LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

3. Tangible Assets

Total
Cost £
At 01 January 2022 217,325
Additions 1,027
At 31 December 2022 218,352
Depreciation
At 01 January 2022 200,773
Charge for year 8,351
At 31 December 2022 209,124
Net book value
At 31 December 2022 9,228
At 31 December 2021 16,552

GLOBAL PHASING LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Debtors

2022 2021
££
Debtors due after more than one year: 0 0

GLOBAL PHASING LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

5. Creditors: amounts falling due within one year note

Taxation and social security £38,308Other creditors £49,886Accruals and deferred income £408,973

GLOBAL PHASING LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

6. Financial commitments

Minimum lease requirements - Office rentals £168,624 for a commitment period of 30 months (2021: £34,050 for a commitment period of 6 months).