Acorah Software Products - Accounts Production 14.5.601 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 05659602 Mr KEITH HARRISON iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05659602 2022-12-31 05659602 2023-12-31 05659602 2023-01-01 2023-12-31 05659602 frs-core:CurrentFinancialInstruments 2023-12-31 05659602 frs-core:ComputerEquipment 2023-01-01 2023-12-31 05659602 frs-core:FurnitureFittings 2023-01-01 2023-12-31 05659602 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 05659602 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 05659602 frs-core:MotorVehicles 2023-01-01 2023-12-31 05659602 frs-core:PlantMachinery 2023-12-31 05659602 frs-core:PlantMachinery 2023-01-01 2023-12-31 05659602 frs-core:PlantMachinery 2022-12-31 05659602 frs-core:ShareCapital 2023-12-31 05659602 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 05659602 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05659602 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 05659602 frs-bus:SmallEntities 2023-01-01 2023-12-31 05659602 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 05659602 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 05659602 frs-bus:Director1 2023-01-01 2023-12-31 05659602 frs-countries:EnglandWales 2023-01-01 2023-12-31 05659602 2021-12-31 05659602 2022-12-31 05659602 2022-01-01 2022-12-31 05659602 frs-core:CurrentFinancialInstruments 2022-12-31 05659602 frs-core:ShareCapital 2022-12-31 05659602 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 05659602
GLOBAL INTERIORS (LONDON) LIMITED
Unaudited Financial Statements
For The Year Ended 31 December 2023
Garveys Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 05659602
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,371 1,858
2,371 1,858
CURRENT ASSETS
Stocks 5 1,550 3,050
Debtors 6 53,324 757
Cash at bank and in hand 33,687 159,334
88,561 163,141
Creditors: Amounts Falling Due Within One Year 7 (33,856 ) (87,658 )
NET CURRENT ASSETS (LIABILITIES) 54,705 75,483
TOTAL ASSETS LESS CURRENT LIABILITIES 57,076 77,341
NET ASSETS 57,076 77,341
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 56,976 77,241
SHAREHOLDERS' FUNDS 57,076 77,341
Page 1
Page 2
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr KEITH HARRISON
Director
17/04/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
GLOBAL INTERIORS (LONDON) LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 05659602 . The registered office is 84 HIGH STREET, HARLESDEN, LONDON, NW10 4SJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 0%
Leasehold 0%
Plant & Machinery 25%
Motor Vehicles 25%
Fixtures & Fittings 25%
Computer Equipment 25%
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 2 2
2 2
Page 3
Page 4
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2023 31,482
Additions 1,303
As at 31 December 2023 32,785
Depreciation
As at 1 January 2023 29,624
Provided during the period 790
As at 31 December 2023 30,414
Net Book Value
As at 31 December 2023 2,371
As at 1 January 2023 1,858
5. Stocks
2023 2022
£ £
Materials 1,550 3,050
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 53,324 757
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 676 704
Corporation tax 5,301 17,636
Other creditors 7,171 6,197
Director's loan account 20,708 63,121
33,856 87,658
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 4