Registered number
09995129
Global Chertsey Ltd
Unaudited Filleted Accounts
28 February 2023
Global Chertsey Ltd
Registered number: 09995129
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,167 1,000
Current assets
Debtors 4 20,957 27,380
Cash at bank and in hand 11 2,608
20,968 29,988
Creditors: amounts falling due within one year 5 (11,970) (29,258)
Net current assets 8,998 730
Total assets less current liabilities 10,165 1,730
Provisions for liabilities (222) (190)
Net assets 9,943 1,540
Capital and reserves
Called up share capital 1 1
Profit and loss account 9,942 1,539
Shareholders' funds 9,943 1,540
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
G. Shaya
Director
Approved by the board on 14 November 2023
Global Chertsey Ltd
Notes to the Accounts
for the year ended 28 February 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 3 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets, excluding loans to directors, are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2022 2,350
Additions 1,000
At 28 February 2023 3,350
Depreciation
At 1 March 2022 1,350
Charge for the year 833
At 28 February 2023 2,183
Net book value
At 28 February 2023 1,167
At 28 February 2022 1,000
4 Debtors 2023 2022
£ £
Other debtors 20,957 27,380
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 10,992 29,257
Other creditors 978 1
11,970 29,258
6 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
G. Shaya
Overdrawn director's loan account, interest free and repayable on demand 20,664 (4,848) - 15,816
20,664 (4,848) - 15,816
7 Controlling party
The company is owned and controlled by the director.
8 Other information
Global Chertsey Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Clearways Accountants
Clearways
Colley Way
Reigate
RH2 9JH
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