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REGISTERED NUMBER: 04576146 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

GLOBAL INTEC LIMITED

GLOBAL INTEC LIMITED (REGISTERED NUMBER: 04576146)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GLOBAL INTEC LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: R R Hill
Mrs N Hill
J M Loughnane



SECRETARY: R R Hill



REGISTERED OFFICE: Unit 1 Cambridge House
Camboro Business Park
Oakington Road, Girton
CAMBRIDGE
Cambridgeshire
CB3 0QH



REGISTERED NUMBER: 04576146 (England and Wales)



ACCOUNTANTS: Staffords
Chartered Accountants
Unit 1, Cambridge House
Camboro Business Park
Oakington Road, Girton
CAMBRIDGE
Cambridgeshire
CB3 0QH



BANKERS: Barclays Bank Plc
Broadgate 9
Leicester
Leicestershire
LE87 2BB

GLOBAL INTEC LIMITED (REGISTERED NUMBER: 04576146)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,275 3,229

CURRENT ASSETS
Debtors 5 291,550 319,964
Cash at bank and in hand 62,426 48,924
353,976 368,888
CREDITORS
Amounts falling due within one year 6 152,191 161,489
NET CURRENT ASSETS 201,785 207,399
TOTAL ASSETS LESS CURRENT
LIABILITIES

205,060

210,628

CREDITORS
Amounts falling due after more than one
year

7

(22,500

)

(32,500

)

PROVISIONS FOR LIABILITIES 8 (622 ) (613 )
NET ASSETS 181,938 177,515

CAPITAL AND RESERVES
Called up share capital 9 176,223 176,223
Retained earnings 5,715 1,292
SHAREHOLDERS' FUNDS 181,938 177,515

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 INTEC LIMITED (REGISTERED NUMBER: 04576146)

BALANCE SHEET - continued
31 MARCH 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 November 2023 and were signed on its behalf by:





R R Hill - Director


GLOBAL INTEC LIMITED (REGISTERED NUMBER: 04576146)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Global Intec 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.

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.
Plant and machinery etc - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 4 (2022 - 4 ) .

GLOBAL INTEC LIMITED (REGISTERED NUMBER: 04576146)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 16,500
Additions 975
At 31 March 2023 17,475
DEPRECIATION
At 1 April 2022 13,271
Charge for year 929
At 31 March 2023 14,200
NET BOOK VALUE
At 31 March 2023 3,275
At 31 March 2022 3,229

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 104,396 77,885
Amounts owed by group undertakings 182,664 219,660
Other debtors 4,490 22,419
291,550 319,964

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 80,386 54,808
Taxation and social security 27,410 18,233
Other creditors 44,395 88,448
152,191 161,489

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 22,500 32,500

GLOBAL INTEC LIMITED (REGISTERED NUMBER: 04576146)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 622 613

Deferred
tax
£   
Balance at 1 April 2022 613
Accelerated capital allowances 9
Balance at 31 March 2023 622

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary C £1 100 100
175,000 Ordinary E £1 175,000 175,000
175,100 175,100

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £    £   
1,021 Ordinary shares £1.10 1,123 1,123