9 May 2022 false No description of principal activity Taxfiler 2023.14 14095803business:PrivateLimitedCompanyLtd2022-05-092023-05-31 140958032022-05-08 140958032022-05-092023-05-31 14095803business:AuditExempt-NoAccountantsReport2022-05-092023-05-31 14095803business:FilletedAccounts2022-05-092023-05-31 140958032023-05-31 14095803business:Director12022-05-092023-05-31 14095803business:RegisteredOffice2022-05-092023-05-31 14095803core:WithinOneYear2023-05-31 14095803core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 14095803core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 14095803core:PreviouslyStatedAmount2023-05-31 14095803business:SmallEntities2022-05-092023-05-31 14095803countries:EnglandWales2022-05-092023-05-31 14095803core:FurnitureFittings2022-05-08 14095803core:FurnitureFittings2022-05-092023-05-31 14095803core:FurnitureFittings2023-05-31 iso4217:GBP xbrli:pure
Company Registration No. 14095803 (England and Wales)
Global OEM Solution UK Ltd Unaudited accounts for the period from 9 May 2022 to 31 May 2023
Global OEM Solution UK Ltd Unaudited accounts Contents
Page
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Global OEM Solution UK Ltd Company Information for the period from 9 May 2022 to 31 May 2023
Director
Rakeshkumar
Company Number
14095803 (England and Wales)
Registered Office
CONWAY HOUSE SPRINGFIELD ROAD HAYES MIDDLESEX UB4 0LG UNITED KINGDOM
Accountants
EQUIFIN ACCOUNTANCY LTD 87 Kingshill drive Harrow Middlesex HA3 8QQ
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Global OEM Solution UK Ltd Statement of financial position as at 31 May 2023
2023 
Notes
£ 
Fixed assets
Tangible assets
2,485 
Current assets
Inventories
28,523 
Debtors
8,724 
Cash at bank and in hand
8,368 
45,615 
Creditors: amounts falling due within one year
(40,780)
Net current assets
4,835 
Net assets
7,320 
Capital and reserves
Called up share capital
100 
Profit and loss account
7,220 
Shareholders' funds
7,320 
For the period ending 31 May 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 8 February 2024 and were signed on its behalf by
Rakeshkumar Director Company Registration No. 14095803
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Global OEM Solution UK Ltd Notes to the Accounts for the period from 9 May 2022 to 31 May 2023
1
Statutory information
Global OEM Solution UK Ltd is a private company, limited by shares, registered in England and Wales, registration number 14095803. The registered office is CONWAY HOUSE, SPRINGFIELD ROAD, HAYES, MIDDLESEX, UB4 0LG, UNITED KINGDOM.
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 period, 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.
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:
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.
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.
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 9 May 2022
- 
Additions
2,485 
At 31 May 2023
2,485 
Depreciation
At 31 May 2023
- 
Net book value
At 31 May 2023
2,485 
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Global OEM Solution UK Ltd Notes to the Accounts for the period from 9 May 2022 to 31 May 2023
5
Debtors
2023 
£ 
Amounts falling due within one year
VAT
7,488 
Trade debtors
1,236 
8,724 
6
Creditors: amounts falling due within one year
2023 
£ 
VAT
6,100 
Trade creditors
16,918 
Taxes and social security
997 
Other creditors
2,000 
Loans from directors
12,965 
Accruals
1,800 
40,780 
7
Average number of employees
During the period the average number of employees was 1.
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