Company Registration No. 12293105 (England and Wales)
GLOBE EXPRESS LTD
Unaudited accounts
for the year ended 31 October 2023
GLOBE EXPRESS LTD
Unaudited accounts
Contents
GLOBE EXPRESS LTD
Company Information
for the year ended 31 October 2023
Director
Mr.Mohamed Arshad SHAHUL HAMEED
Company Number
12293105 (England and Wales)
Registered Office
255A MELTON ROAD
LEICESTER
LE4 7AN
ENGLAND
Accountants
Farshan & Co
Accountants & Tax Advisers
Suite 1, 2 Britannia Street
Leicester
LE1 3LE
GLOBE EXPRESS LTD
Statement of financial position
as at 31 October 2023
Tangible assets
1,763
2,150
Cash at bank and in hand
1,247
980
Creditors: amounts falling due within one year
(14,810)
(13,096)
Net current liabilities
(13,563)
(12,116)
Net liabilities
(11,800)
(9,966)
Called up share capital
100
100
Profit and loss account
(11,900)
(10,066)
Shareholders' funds
(11,800)
(9,966)
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 November 2023 and were signed on its behalf by
Mr.Mohamed Arshad SHAHUL HAMEED
Director
Company Registration No. 12293105
GLOBE EXPRESS LTD
Notes to the Accounts
for the year ended 31 October 2023
GLOBE EXPRESS LTD is a private company, limited by shares, registered in England and Wales, registration number 12293105. The registered office is 255A MELTON ROAD, LEICESTER, LE4 7AN, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
GLOBE EXPRESS LTD
Notes to the Accounts
for the year ended 31 October 2023
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 November 2022
3,450
450
3,900
At 31 October 2023
3,450
450
3,900
At 1 November 2022
1,548
202
1,750
Charge for the year
342
45
387
At 31 October 2023
1,890
247
2,137
At 31 October 2023
1,560
203
1,763
At 31 October 2022
1,902
248
2,150
5
Creditors: amounts falling due within one year
2023
2022
Other creditors
14,810
13,096
6
Average number of employees
During the year the average number of employees was 2 (2022: 2).