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REGISTERED NUMBER: 04701546 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023

FOR

GLOBALTOPZ UK LIMITED

GLOBALTOPZ UK LIMITED (REGISTERED NUMBER: 04701546)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GLOBALTOPZ UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTOR: Mr A Brouwers





SECRETARY: Mr A Brouwers





REGISTERED OFFICE: Unit 28
28 Upper Bourne End Lane
Bourne End Mills Ind Estate
Hemel Hempstead
Hertfordshire
HP1 2UJ





REGISTERED NUMBER: 04701546 (England and Wales)





ACCOUNTANTS: Meades Group Limited
39 The Metro Centre
Tolpits Lane
WATFORD
Hertfordshire
WD18 9SB

GLOBALTOPZ UK LIMITED (REGISTERED NUMBER: 04701546)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 32,893 47,580

CURRENT ASSETS
Stocks 32,199 27,686
Debtors 5 133,103 242,398
Cash at bank 254,572 149,734
419,874 419,818
CREDITORS
Amounts falling due within one year 6 172,978 179,878
NET CURRENT ASSETS 246,896 239,940
TOTAL ASSETS LESS CURRENT
LIABILITIES

279,789

287,520

PROVISIONS FOR LIABILITIES 832 883
NET ASSETS 278,957 286,637

CAPITAL AND RESERVES
Called up share capital 40 40
Retained earnings 278,917 286,597
SHAREHOLDERS' FUNDS 278,957 286,637

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

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

The director acknowledges his 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.

GLOBALTOPZ UK LIMITED (REGISTERED NUMBER: 04701546)

BALANCE SHEET - continued
31ST MARCH 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 10th November 2023 and were signed by:





Mr A Brouwers - Director


GLOBALTOPZ UK LIMITED (REGISTERED NUMBER: 04701546)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023

1. STATUTORY INFORMATION

Globaltopz Uk 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.

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 represents amounts receivable for the supply and installation of worktops, net of value added tax.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


GLOBALTOPZ UK LIMITED (REGISTERED NUMBER: 04701546)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st April 2022 61,983 39,117 143,716 2,241 247,057
Additions - 283 - 4,076 4,359
Disposals - - (9,000 ) - (9,000 )
At 31st March 2023 61,983 39,400 134,716 6,317 242,416
DEPRECIATION
At 1st April 2022 49,688 32,247 117,000 542 199,477
Charge for year 3,074 1,777 4,339 856 10,046
At 31st March 2023 52,762 34,024 121,339 1,398 209,523
NET BOOK VALUE
At 31st March 2023 9,221 5,376 13,377 4,919 32,893
At 31st March 2022 12,295 6,870 26,716 1,699 47,580

GLOBALTOPZ UK LIMITED (REGISTERED NUMBER: 04701546)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 72,214 115,936
Staff loans 54,566 120,384
Director's current account 1,272 -
Prepayments and accrued income 5,051 6,078
133,103 242,398

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 102,583 84,415
Corporation tax 26,584 44,409
Social security and other taxes 6,417 3,874
VAT 16,336 16,369
Credit card balance 4,306 3,486
CIS deductions 4,141 3,303
Net wages - 520
Pension contributions payable 1,873 1,540
Director's current account - 312
Accrued expenses 10,738 21,650
172,978 179,878

7. LEASING AGREEMENTS
As at the balance sheet date, the company had commitments under non-cancellable operating leases, not provided for in the financial statements, totalling £4,478 (2022 - £7,463).

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2023 and 31st March 2022:

2023 2022
£    £   
Mr A Brouwers
Balance outstanding at start of year (312 ) -
Amounts advanced 18,544 -
Amounts repaid (16,960 ) (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,272 (312 )