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REGISTERED NUMBER: 06005375 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 June 2023

for

Global Project Audit Services Limited

Global Project Audit Services Limited (Registered number: 06005375)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Global Project Audit Services Limited

Company Information
for the Year Ended 30 June 2023







DIRECTOR: L Pennington





REGISTERED OFFICE: 111 Stockport Road
Timperley
Altrincham
Cheshire
WA15 7LR





REGISTERED NUMBER: 06005375 (England and Wales)





ACCOUNTANTS: Boardman Conway
23A High Street
Weaverham
Northwich
Cheshire
CW8 3HA

Global Project Audit Services Limited (Registered number: 06005375)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,804 18,950

CURRENT ASSETS
Debtors 5 13,990 12,934
Cash at bank 35,888 67,383
49,878 80,317
CREDITORS
Amounts falling due within one year 6 12,267 17,725
NET CURRENT ASSETS 37,611 62,592
TOTAL ASSETS LESS CURRENT
LIABILITIES

52,415

81,542

CREDITORS
Amounts falling due after more than one
year

7

11,971

14,929
NET ASSETS 40,444 66,613

CAPITAL AND RESERVES
Called up share capital 35 35
Capital redemption reserve 45 45
Retained earnings 40,364 66,533
SHAREHOLDERS' FUNDS 40,444 66,613

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Global Project Audit Services Limited (Registered number: 06005375)

Balance Sheet - continued
30 June 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 November 2023 and were signed by:





L Pennington - Director


Global Project Audit Services Limited (Registered number: 06005375)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Global Project Audit Services 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.

Income is recognised at the time of supply of services.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% straight line
Motor vehicles - 25% on reducing balance
Office equipment - 33% straight line

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses. At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment losses, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the assets belongs.

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.

Global Project Audit Services Limited (Registered number: 06005375)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Office
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2022 1,532 27,564 3,539 32,635
Additions - - 666 666
Disposals (1,532 ) - (360 ) (1,892 )
At 30 June 2023 - 27,564 3,845 31,409
DEPRECIATION
At 1 July 2022 1,532 8,614 3,539 13,685
Charge for year - 4,738 74 4,812
Eliminated on disposal (1,532 ) - (360 ) (1,892 )
At 30 June 2023 - 13,352 3,253 16,605
NET BOOK VALUE
At 30 June 2023 - 14,212 592 14,804
At 30 June 2022 - 18,950 - 18,950

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 13,567 12,510
Prepayments 423 424
13,990 12,934

Global Project Audit Services Limited (Registered number: 06005375)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Hire purchase contracts 2,958 2,958
Trade creditors 190 269
Tax 906 3,698
Social security and other taxes 1,884 1,826
VAT 3,734 6,898
Other creditors 441 -
Accrued expenses 2,154 2,076
12,267 17,725

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Hire purchase contracts 11,971 14,929

8. SECURED DEBTS

The following secured debts are included within creditors:

30.6.23 30.6.22
£    £   
Hire purchase contracts 14,929 17,887