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Company Registration No. 14563604 (England and Wales)
Global Herbs (Europe) Limited Unaudited accounts for the period from 30 December 2022 to 31 December 2023
Global Herbs (Europe) Limited Unaudited accounts Contents
Page
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Global Herbs (Europe) Limited Company Information for the period from 30 December 2022 to 31 December 2023
Director
Stephen Blamire
Company Number
14563604 (England and Wales)
Registered Office
Unit 10 Terminus Road Chichester West Sussex PO19 8TX England
Accountants
Paul Wragg FCA 87 Redwing Road Clanfield Waterlooville Hampshire PO8 0LX
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Global Herbs (Europe) Limited Statement of financial position as at 31 December 2023
2023 
Notes
£ 
Fixed assets
Tangible assets
72,895 
Current assets
Inventories
40,781 
Debtors
257,598 
Cash at bank and in hand
94,042 
392,421 
Creditors: amounts falling due within one year
(219,025)
Net current assets
173,396 
Total assets less current liabilities
246,291 
Creditors: amounts falling due after more than one year
(37,857)
Net assets
208,434 
Capital and reserves
Called up share capital
100 
Profit and loss account
208,334 
Shareholders' funds
208,434 
For the period 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 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 19 February 2024 and were signed on its behalf by
Stephen Blamire Director Company Registration No. 14563604
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Global Herbs (Europe) Limited Notes to the Accounts for the period from 30 December 2022 to 31 December 2023
1
Statutory information
Global Herbs (Europe) Limited is a private company, limited by shares, registered in England and Wales, registration number 14563604. The registered office is Unit 10, Terminus Road, Chichester, West Sussex, PO19 8TX, England.
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 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.
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.
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:
Plant & machinery
15% straight line
Motor vehicles
25% straight line
Fixtures & fittings
25% straight line
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.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Global Herbs (Europe) Limited Notes to the Accounts for the period from 30 December 2022 to 31 December 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 30 December 2022
- 
- 
- 
- 
Additions
63,256 
15,250 
3,031 
81,537 
At 31 December 2023
63,256 
15,250 
3,031 
81,537 
Depreciation
Charge for the period
4,475 
3,495 
672 
8,642 
At 31 December 2023
4,475 
3,495 
672 
8,642 
Net book value
At 31 December 2023
58,781 
11,755 
2,359 
72,895 
5
Debtors
2023 
£ 
Amounts falling due within one year
VAT
14,584 
Trade debtors
81,722 
Accrued income and prepayments
1,026 
Other debtors
160,266 
257,598 
6
Creditors: amounts falling due within one year
2023 
£ 
Obligations under finance leases and hire purchase contracts
5,249 
Trade creditors
61,940 
Taxes and social security
57,450 
Loans from directors
94,386 
219,025 
7
Creditors: amounts falling due after more than one year
2023 
£ 
Bank loans
32,592 
Obligations under finance leases and hire purchase contracts
5,265 
37,857 
8
Share capital
2023 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
Shares issued during the period:
100 Ordinary shares of £1 each
100 
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Global Herbs (Europe) Limited Notes to the Accounts for the period from 30 December 2022 to 31 December 2023
9
Transactions with related parties
Loans to Companies under common control £160,266
10
Average number of employees
During the period the average number of employees was 10.
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