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REGISTERED NUMBER: 04229381 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Global Safety & Environmental Ltd

Global Safety & Environmental Ltd (Registered number: 04229381)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Global Safety & Environmental Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTOR: F McCloskey





SECRETARY: F McCloskey





REGISTERED OFFICE: 11 Bakers Walk
Sawbridgeworth
Hertfordshire
CM21 9QE





REGISTERED NUMBER: 04229381 (England and Wales)





ACCOUNTANTS: Lawrence & Company
Chartered Certified Accountants
26 Bell Street
Sawbridgeworth
Hertfordshire
CM21 9AN

Global Safety & Environmental Ltd (Registered number: 04229381)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,254 4,930

CURRENT ASSETS
Stocks 20,567 -
Debtors 5 206,813 171,782
Cash at bank 26,010 8,457
253,390 180,239
CREDITORS
Amounts falling due within one year 6 164,077 108,097
NET CURRENT ASSETS 89,313 72,142
TOTAL ASSETS LESS CURRENT
LIABILITIES

93,567

77,072

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Retained earnings 7 88,567 72,072
SHAREHOLDERS' FUNDS 93,567 77,072

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 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.

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 10 November 2023 and were signed by:





F McCloskey - Director


Global Safety & Environmental Ltd (Registered number: 04229381)

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

1. STATUTORY INFORMATION

Global Safety & Environmental Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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 6 (2022 - 5 ) .

Global Safety & Environmental Ltd (Registered number: 04229381)

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

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2022 3,100 24,210 27,310
Additions - 387 387
At 30 June 2023 3,100 24,597 27,697
DEPRECIATION
At 1 July 2022 2,683 19,697 22,380
Charge for year 83 980 1,063
At 30 June 2023 2,766 20,677 23,443
NET BOOK VALUE
At 30 June 2023 334 3,920 4,254
At 30 June 2022 417 4,513 4,930

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 203,313 168,282
Other loans 3,500 3,500
206,813 171,782

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Other loans 5,000 5,000
Trade creditors 102,583 45,002
Tax 1,023 7
Social security and other taxes 49,623 52,335
Other creditors 827 732
Directors' current accounts 2,571 2,571
Accrued expenses 2,450 2,450
164,077 108,097

7. RESERVES
Retained
earnings
£   

At 1 July 2022 72,072
Profit for the year 16,495
At 30 June 2023 88,567

Global Safety & Environmental Ltd (Registered number: 04229381)

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

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2023 and 30 June 2022:

30.6.23 30.6.22
£    £   
F McCloskey
Balance outstanding at start of year (2,571 ) (2,571 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,571 ) (2,571 )

The directors along with many companies of similar size and nature operate a directors loan account to facilitate some of the company's financial transactions the movements are summarised above.

Handmade Marketing Ltd is a related party the company was owed £66,376 at the year end (2022 £41,097)