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Registered number: 6920955

Globetrace Limited

ACCOUNTS
FOR THE YEAR ENDED 31/10/2023

Prepared By:
Lindrick Accountancy Services Limited
205 Outgang Lane
Sheffield
S25 3QY

Globetrace Limited

ACCOUNTS
FOR THE YEAR ENDED 31/10/2023
DIRECTORS
D Norton
I Norton
L Norton
REGISTERED OFFICE
205 OUTGANG LANE
SHEFFIELD
SOUTH YORKSHIRE
S25 3QY
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 6920955
ACCOUNTANTS
Lindrick Accountancy Services Limited
205 Outgang Lane
Sheffield
S25 3QY

Globetrace Limited

ACCOUNTS
FOR THEYEARENDED31/10/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Globetrace Limited

BALANCE SHEET AT 31/10/2023
20232022
Notes££
FIXED ASSETS
Tangible assets368,22173,953
CURRENT ASSETS
Debtors413,15916,116
Cash at bank and in hand27,73447,773
40,89363,889
CREDITORS: Amounts falling due within one year568,74789,898
NET CURRENT LIABILITIES(27,854)(26,009)
TOTAL ASSETS LESS CURRENT LIABILITIES40,36747,944
CAPITAL AND RESERVES
Called up share capital6100100
Profit and loss account40,26747,844
SHAREHOLDERS' FUNDS40,36747,944
For the year ending 31/10/2023 the company was entitled to exemption 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 directors acknowledge their 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 17/01/2024 and signed on their behalf by
.............................
D Norton
Director

Globetrace Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/10/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 15%
Fixtures and Fittingsreducing balance 15%
Equipmentreducing balance 15%
Motor Carsreducing balance 25%
1c. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
2. EMPLOYEES
20232022
No.No.
Average number of employees55

Globetrace Limited

3. TANGIBLE FIXED ASSETS
Plant andFixtures
Machineryand FittingsEquipmentMotor CarsTotal
£££££
Cost
At 01/11/202270,7403,96213,833130,928219,463
Additions--7,836-7,836
At 31/10/202370,7403,96221,669130,928227,299
Depreciation
At 01/11/202230,1263,1838,350103,851145,510
For the year4,6601172,0226,76913,568
At 31/10/202334,7863,30010,372110,620159,078
Net Book Amounts
At 31/10/202335,95466211,29720,30868,221
At 31/10/202240,6147795,48327,07773,953
4. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors1,6245,105
Prepayments11,53511,011
13,15916,116
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax19,0853,426
VAT7,2397,735
PAYE control-577
Directors current account37,30547,494
Trade creditors3,71929,349
Pension schemes139117
Accruals1,2601,200
68,74789,898

Globetrace Limited

6. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100