1 March 2022 v2023.25.1 micro_entity_frs_105_v1_1_0 filingSoftwarefalsetruetruetrueNo description of principal activityxbrli:purexbrli:sharesiso4217:GBP118121792022-03-012023-02-28118121792023-02-28118121792021-03-012022-02-28118121792022-02-2811812179core:WithinOneYear2023-02-2811812179core:WithinOneYear2022-02-2811812179core:AfterOneYear2023-02-2811812179core:AfterOneYear2022-02-2811812179bus:RegisteredOffice2022-03-012023-02-2811812179bus:Director12022-03-012023-02-281181217912022-03-012023-02-2811812179countries:EnglandWales2022-03-012023-02-2811812179bus:AuditExemptWithAccountantsReport2022-03-012023-02-2811812179bus:PrivateLimitedCompanyLtd2022-03-012023-02-2811812179bus:Micro-entities2022-03-012023-02-2811812179bus:FullAccounts2022-03-012023-02-28
Company registration number:
11812179
Globe Trade & Services Ltd
Unaudited Financial Statements for the year ended
28 February 2023
Globe Trade & Services Ltd
Income Statement
Year ended
28 February 2023
20232022
££
Turnover
705,905
 
388,786
 
Other income
1,095,524
 
537,569
 
1,801,429   926,355  
   
Cost of raw materials and consumables
(158,669
)
(46,061
)
Staff costs
(538,526
)
(380,651
)
Depreciation and other amounts written off assets
(172,812
)
(85,648
)
Other charges
(908,495
)
(521,810
)
Tax
36,115
  -  
Profit/(loss)
59,042
 
(107,815
)
Globe Trade & Services Ltd
Statement of Financial Position
28 February 2023
20232022
££
Fixed assets
518,432
 
257,102
 
   
Current assets
105,738
 
9,166
 
Creditors: amounts falling due within one year
(300,149
)
(55,246
)
Net current liabilities
(194,411
)
(46,080
)
Total assets less current liabilities
324,021
 
211,022
 
Creditors: amounts falling due after more than one year
(980,821
)
(938,449
)
Accruals and deferred income
(12,335
)
(750
)
Net liabilities
(669,135
)
(728,177
)
   
Capital and reserves
(669,135
)
(728,177
)

Notes to the Financial Statements

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Unit C Westwood Industrial Estate
,
Arkwright Street
,
Oldham
,
OL9 9LZ
, England.

2 Average number of employees

The average number of persons employed by the company during the year was
35
(2022:
15.00
).
For the year ending
28 February 2023
, 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 financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the micro-entity provisions.
These financial statements were approved by the
board of directors
and authorised for issue on
6 November 2023
, and are signed on behalf of the board by:
Mr I Chohan
Director
Company registration number:
11812179