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REGISTERED NUMBER: 12932304 (England and Wales)











GLOBAL PAYMENTS CONSULTING SERVICES
LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1ST NOVEMBER 2022 TO 19TH OCTOBER 2023






GLOBAL PAYMENTS CONSULTING SERVICES
LIMITED (REGISTERED NUMBER: 12932304)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST NOVEMBER 2022 TO 19TH OCTOBER 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


GLOBAL PAYMENTS CONSULTING SERVICES
LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1ST NOVEMBER 2022 TO 19TH OCTOBER 2023







DIRECTORS: R J Saunders
Mrs H E Saunders





REGISTERED OFFICE: 20 Eversley Road
Bexhill-on-Sea
East Sussex
TN40 1HE





REGISTERED NUMBER: 12932304 (England and Wales)





ACCOUNTANTS: Gibbons Mannington & Phipps LLP
Chartered Accountants
20 Eversley Road
Bexhill-on-Sea
East Sussex
TN40 1HE

GLOBAL PAYMENTS CONSULTING SERVICES
LIMITED (REGISTERED NUMBER: 12932304)

BALANCE SHEET
19TH OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 32,804 44,889

CURRENT ASSETS
Debtors 5 22,231 54,205
Cash at bank 169,710 47,098
191,941 101,303
CREDITORS
Amounts falling due within one year 6 127,255 39,631
NET CURRENT ASSETS 64,686 61,672
TOTAL ASSETS LESS CURRENT
LIABILITIES

97,490

106,561

CREDITORS
Amounts falling due after more than
one year

7

(36,836

)

(43,917

)

PROVISIONS FOR LIABILITIES (397 ) (1,463 )
NET ASSETS 60,257 61,181

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 60,157 61,081
SHAREHOLDERS' FUNDS 60,257 61,181

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 19th October 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 19th October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

GLOBAL PAYMENTS CONSULTING SERVICES
LIMITED (REGISTERED NUMBER: 12932304)

BALANCE SHEET - continued
19TH OCTOBER 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22nd February 2024 and were signed on its behalf by:





R J Saunders - Director


GLOBAL PAYMENTS CONSULTING SERVICES
LIMITED (REGISTERED NUMBER: 12932304)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST NOVEMBER 2022 TO 19TH OCTOBER 2023


1. STATUTORY INFORMATION

Global Payments Consulting Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

GLOBAL PAYMENTS CONSULTING SERVICES
LIMITED (REGISTERED NUMBER: 12932304)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST NOVEMBER 2022 TO 19TH OCTOBER 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st November 2022 74,377 5,233 79,610
Additions - 180 180
At 19th October 2023 74,377 5,413 79,790
DEPRECIATION
At 1st November 2022 32,540 2,181 34,721
Charge for period 10,459 1,806 12,265
At 19th October 2023 42,999 3,987 46,986
NET BOOK VALUE
At 19th October 2023 31,378 1,426 32,804
At 31st October 2022 41,837 3,052 44,889

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1st November 2022
and 19th October 2023 74,377
DEPRECIATION
At 1st November 2022 32,540
Charge for period 10,459
At 19th October 2023 42,999
NET BOOK VALUE
At 19th October 2023 31,378
At 31st October 2022 41,837

GLOBAL PAYMENTS CONSULTING SERVICES
LIMITED (REGISTERED NUMBER: 12932304)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST NOVEMBER 2022 TO 19TH OCTOBER 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,600 12,000
Amounts owed by group undertakings 967 706
Other debtors 17,664 41,499
22,231 54,205

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 7,724 7,724
Taxation and social security 12,931 5,792
Other creditors 106,600 26,115
127,255 39,631

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 36,836 43,917

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 44,560 51,641

The above liability is secured against the asset to which it relates.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
100 100

10. CHANGE OF ACCOUNTING REFERENCE DATE

The year end has been changed from 31st October to 19th October 2023.