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Registration number: 11989186

Global Point Group Limited

Unaudited Financial Statements

for the Year Ended 31 May 2023

 

Global Point Group Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 3

 

Global Point Group Limited

(Registration number: 11989186)
Balance Sheet as at 31 May 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

4

20

20

Current assets

 

Debtors

-

269,551

Cash at bank and in hand

 

726,797

427,596

 

726,797

697,147

Creditors: Amounts falling due within one year

5

(28,852)

(960)

Net current assets

 

697,945

696,187

Net assets

 

697,965

696,207

Capital and reserves

 

Called up share capital

20

20

Retained earnings

697,945

696,187

Shareholders' funds

 

697,965

696,207

For the financial year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 16 November 2023 and signed on its behalf by:
 

.........................................
Mr A Stratford
Director

 

Global Point Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7-9 Macon Court
Crewe
Cheshire
CW1 6EA
UK

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

4

Investments

2023
£

2022
£

Investments in subsidiaries

20

20

 

Global Point Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

Subsidiaries

£

Cost or valuation

At 1 June 2022

20

Provision

Carrying amount

At 31 May 2023

20

At 31 May 2022

20

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2023

2022

Subsidiary undertakings

Apaas Application Packaging Services Limited

7-9 Macon Court
Crewe
Cheshire
CW1 6EA

England and Wales

Ordinary

100%

100%

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Other creditors

28,852

960