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REGISTERED NUMBER: 09441335 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 28 February 2023

for

Global Reach (Marine Consultancy and
Survey) UK Limited

Global Reach (Marine Consultancy and
Survey) UK Limited (Registered number: 09441335)






Contents of the Financial Statements
for the year ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Global Reach (Marine Consultancy and
Survey) UK Limited

Company Information
for the year ended 28 February 2023







DIRECTORS: Mr P Henney
Mrs A C Henney





REGISTERED OFFICE: Adelphi Chambers
30 Hoghton Street
Southport
Merseyside
PR9 0NZ





REGISTERED NUMBER: 09441335 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Ltd
Adelphi Chambers
30 Hoghton Street
Southport
Merseyside
PR9 0NZ

Global Reach (Marine Consultancy and
Survey) UK Limited (Registered number: 09441335)

Balance Sheet
28 February 2023

2023 2022
Notes £ £
FIXED ASSETS
Intangible assets 4 1,092 3,492
Tangible assets 5 95,965 96,087
97,057 99,579

CURRENT ASSETS
Debtors 6 18,432 132,097
Cash at bank 127,510 87,025
145,942 219,122
CREDITORS
Amounts falling due within one year 7 (15,492 ) (43,044 )
NET CURRENT ASSETS 130,450 176,078
TOTAL ASSETS LESS CURRENT
LIABILITIES

227,507

275,657

CREDITORS
Amounts falling due after more than one year 8 (19,789 ) (27,870 )
NET ASSETS 207,718 247,787

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 207,618 247,687
SHAREHOLDERS' FUNDS 207,718 247,787

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 Reach (Marine Consultancy and
Survey) UK Limited (Registered number: 09441335)

Balance Sheet - continued
28 February 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2023 and were signed on its behalf by:




Mrs A Henney - Director



Mr P Henney - Director


Global Reach (Marine Consultancy and
Survey) UK Limited (Registered number: 09441335)

Notes to the Financial Statements
for the year ended 28 February 2023

1. STATUTORY INFORMATION

Global Reach (Marine Consultancy and Survey) UK 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 March 2022
and 28 February 2023 12,000
AMORTISATION
At 1 March 2022 8,508
Charge for year 2,400
At 28 February 2023 10,908
NET BOOK VALUE
At 28 February 2023 1,092
At 28 February 2022 3,492

Global Reach (Marine Consultancy and
Survey) UK Limited (Registered number: 09441335)

Notes to the Financial Statements - continued
for the year ended 28 February 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£ £ £ £ £
COST
At 1 March 2022 93,838 3,179 - 1,636 98,653
Additions - - 310 - 310
At 28 February 2023 93,838 3,179 310 1,636 98,963
DEPRECIATION
At 1 March 2022 - 1,184 - 1,382 2,566
Charge for year - 300 47 85 432
At 28 February 2023 - 1,484 47 1,467 2,998
NET BOOK VALUE
At 28 February 2023 93,838 1,695 263 169 95,965
At 28 February 2022 93,838 1,995 - 254 96,087

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 8,107 71,529
Other debtors 10,325 60,568
18,432 132,097

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 7,912 7,717
Taxation and social security 1,656 29,545
Other creditors 5,924 5,782
15,492 43,044

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£ £
Bank loans 19,789 27,870

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
NIL Ordinary £1 - 100
50 Ordinary A £1 50 -
50 Ordinary B £1 50 -
100 100

During the year, the company's issued share capital of 100 ordinary £1 shares was reclassified to become 50 £1 Ordinary A shares and 50 £1 Ordinary B shares.

Global Reach (Marine Consultancy and
Survey) UK Limited (Registered number: 09441335)

Notes to the Financial Statements - continued
for the year ended 28 February 2023

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2023 and 28 February 2022:

2023 2022
£ £
Mr P Henney and Mrs A C Henney
Balance outstanding at start of year 57,624 (1,090 )
Amounts advanced 68,873 106,858
Amounts repaid (119,898 ) (48,144 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,599 57,624

The above amount was repaid to the company within 9 months and interest has been charged at HMRC approved rates.