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REGISTERED NUMBER: 11178991 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

Global Modular Systems Limited

Global Modular Systems Limited (Registered number: 11178991)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Global Modular Systems Limited

Company Information
for the Year Ended 31 January 2023







DIRECTORS: E Bodea
C Uta





REGISTERED OFFICE: 117 - 119 Cleethorpe Road
Grimsby
North East Lincs
DN31 3ET





REGISTERED NUMBER: 11178991 (England and Wales)

Global Modular Systems Limited (Registered number: 11178991)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,175 7,368

CURRENT ASSETS
Debtors 5 48,964 60,061
Cash at bank 4,633 1,795
53,597 61,856
CREDITORS
Amounts falling due within one year 6 32,277 29,411
NET CURRENT ASSETS 21,320 32,445
TOTAL ASSETS LESS CURRENT
LIABILITIES

25,495

39,813

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 25,395 39,713
25,495 39,813

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 16 October 2023 and were signed on its behalf by:





E Bodea - Director


Global Modular Systems Limited (Registered number: 11178991)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Global Modular Systems Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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 - 20% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Global Modular Systems Limited (Registered number: 11178991)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2022
and 31 January 2023 15,962
DEPRECIATION
At 1 February 2022 8,594
Charge for year 3,193
At 31 January 2023 11,787
NET BOOK VALUE
At 31 January 2023 4,175
At 31 January 2022 7,368

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors - 8,855
Other debtors 48,964 51,206
48,964 60,061

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade creditors 73 385
Taxation and social security 25,378 24,087
Other creditors 6,826 4,939
32,277 29,411

7. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.