Caseware UK (AP4) 2022.0.179 2022.0.179 false2022-08-01No description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13511600 2022-08-01 2023-07-31 13511600 2021-07-15 2022-07-31 13511600 2023-07-31 13511600 2022-07-31 13511600 c:Director1 2022-08-01 2023-07-31 13511600 c:Director1 2023-07-31 13511600 c:RegisteredOffice 2022-08-01 2023-07-31 13511600 d:Buildings 2022-08-01 2023-07-31 13511600 d:Buildings 2023-07-31 13511600 d:Buildings 2022-07-31 13511600 d:Buildings d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 13511600 d:ComputerEquipment 2022-08-01 2023-07-31 13511600 d:ComputerEquipment 2023-07-31 13511600 d:ComputerEquipment 2022-07-31 13511600 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 13511600 d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 13511600 d:CurrentFinancialInstruments 2023-07-31 13511600 d:CurrentFinancialInstruments 2022-07-31 13511600 d:Non-currentFinancialInstruments 2023-07-31 13511600 d:Non-currentFinancialInstruments 2022-07-31 13511600 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 13511600 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 13511600 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 13511600 d:Non-currentFinancialInstruments d:AfterOneYear 2022-07-31 13511600 d:ShareCapital 2023-07-31 13511600 d:ShareCapital 2022-07-31 13511600 d:RetainedEarningsAccumulatedLosses 2023-07-31 13511600 d:RetainedEarningsAccumulatedLosses 2022-07-31 13511600 c:OrdinaryShareClass1 2022-08-01 2023-07-31 13511600 c:OrdinaryShareClass1 2023-07-31 13511600 c:OrdinaryShareClass1 2022-07-31 13511600 c:FRS102 2022-08-01 2023-07-31 13511600 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 13511600 c:FullAccounts 2022-08-01 2023-07-31 13511600 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 13511600










THEGLOBALEXEC LTD








Unaudited

Financial statements

For the Year Ended 31 July 2023

 
THEGLOBALEXEC LTD
 
 
Company Information


Director
V Kish (appointed 15 July 2021)




Registered number
13511600



Registered office
Flat 2
Seascapes

73 Banks Road

Poole

BH13 7PP





 
THEGLOBALEXEC LTD
Registered number: 13511600

Balance sheet
As at 31 July 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
6,668
7,388

  
6,668
7,388

Current assets
  

Debtors: amounts falling due within one year
 5 
76,601
84,950

Cash at bank and in hand
  
524
-

  
77,125
84,950

Creditors: amounts falling due within one year
 6 
(40,862)
(56,212)

Net current assets
  
 
 
36,263
 
 
28,738

Total assets less current liabilities
  
42,931
36,126

Creditors: amounts falling due after more than one year
 7 
-
(1,786)

  

Net assets
  
42,931
34,340


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
42,831
34,240

  
42,931
34,340


The Director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 6 February 2024.

Page 1

 
THEGLOBALEXEC LTD
Registered number: 13511600
    
Balance sheet (continued)
As at 31 July 2023



V Kish
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
THEGLOBALEXEC LTD
 
 
 
Notes to the financial statements
For the Year Ended 31 July 2023

1.


General information

TheGlobalExec Ltd is a private company limited by share capital incorporated in England and Wales, registration number 13511600. The registered office is Flat 2, Seascapes, 73 Banks Road, Poole, BH13 7PP.
The prior period results relate to a long period from 15 July 2021 to 31 July 2022.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
THEGLOBALEXEC LTD
 
 
 
Notes to the financial statements
For the Year Ended 31 July 2023

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Buildings
-
2%
Computer equipment
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 4

 
THEGLOBALEXEC LTD
 
 
 
Notes to the financial statements
For the Year Ended 31 July 2023

4.


Tangible fixed assets





Buildings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 August 2022
6,309
1,798
8,107



At 31 July 2023

6,309
1,798
8,107



Depreciation


At 1 August 2022
126
594
720


Charge for the year
126
593
719



At 31 July 2023

252
1,187
1,439



Net book value



At 31 July 2023
6,057
611
6,668



At 31 July 2022
6,184
1,204
7,388


5.


Debtors

2023
2022
£
£


Trade debtors
4,680
-

Other debtors
71,921
84,950

76,601
84,950


Page 5

 
THEGLOBALEXEC LTD
 
 
 
Notes to the financial statements
For the Year Ended 31 July 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
-
93

Trade creditors
1,299
-

Corporation tax
12,884
10,509

Other taxation and social security
255
-

Other creditors
18,148
19,487

Accruals and deferred income
8,276
26,123

40,862
56,212



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Accruals and deferred income
-
1,786

-
1,786



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100


 
Page 6