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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
Page
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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
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GLOBE EXPRESS LTD Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,763 
2,150 
Current assets
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)
Capital and reserves
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
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GLOBE EXPRESS LTD Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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:
Fixtures & fittings
18%
Computer equipment
18%
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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 
Depreciation
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 
Net book value
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).
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