Global Structure Service Ltd 05705757 false 2023-03-01 2024-02-28 2024-02-28 The principal activity of the company is Specialiased construction services Digita Accounts Production Advanced 6.30.9574.0 true true 05705757 2023-03-01 2024-02-28 05705757 2024-02-28 05705757 core:CurrentFinancialInstruments 2024-02-28 05705757 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-28 05705757 core:FurnitureFittingsToolsEquipment 2024-02-28 05705757 core:MotorVehicles 2024-02-28 05705757 core:OtherPropertyPlantEquipment 2024-02-28 05705757 bus:SmallEntities 2023-03-01 2024-02-28 05705757 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-28 05705757 bus:FilletedAccounts 2023-03-01 2024-02-28 05705757 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 05705757 bus:RegisteredOffice 2023-03-01 2024-02-28 05705757 bus:Director1 2023-03-01 2024-02-28 05705757 bus:Director2 2023-03-01 2024-02-28 05705757 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 05705757 core:FurnitureFittingsToolsEquipment 2023-03-01 2024-02-28 05705757 core:MotorVehicles 2023-03-01 2024-02-28 05705757 core:OfficeEquipment 2023-03-01 2024-02-28 05705757 core:OtherPropertyPlantEquipment 2023-03-01 2024-02-28 05705757 core:PlantMachinery 2023-03-01 2024-02-28 05705757 countries:EnglandWales 2023-03-01 2024-02-28 05705757 2023-02-28 05705757 core:FurnitureFittingsToolsEquipment 2023-02-28 05705757 core:MotorVehicles 2023-02-28 05705757 core:OtherPropertyPlantEquipment 2023-02-28 05705757 2022-03-01 2023-02-28 05705757 2023-02-28 05705757 core:CurrentFinancialInstruments 2023-02-28 05705757 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 05705757 core:FurnitureFittingsToolsEquipment 2023-02-28 05705757 core:MotorVehicles 2023-02-28 05705757 core:OtherPropertyPlantEquipment 2023-02-28 iso4217:GBP xbrli:pure

Registration number: 05705757

Global Structure Service Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 28 February 2024

 

Global Structure Service Ltd
(Registration number: 05705757)

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Global Structure Service Ltd
(Registration number: 05705757)

Company Information

Directors

Mr Stuart F Tyler

Mr Anthony Todd

Registered office

6 Clarence Mews
Horsforth
West Yorkshire
LS18 4EP

Registered number

05705757

 

Global Structure Service Ltd
(Registration number: 05705757)

Balance Sheet as at 28 February 2024

Note

2024
£

2023
£

Fixed Assets

 

Tangible Assets

4

8,489

10,892

Current assets

 

Debtors

5

923

2,908

Cash at bank and in hand

 

117,685

150,258

 

118,608

153,166

Creditors: Amounts falling due within one year

6

(41,435)

(65,891)

Net current assets

 

77,173

87,275

Total assets less current liabilities

 

85,662

98,167

Provisions for liabilities

(2,122)

(2,070)

Net assets

 

83,540

96,097

Capital and Reserves

 

Called up share capital

1,000

1,000

Retained Earnings

82,540

95,097

Shareholders' funds

 

83,540

96,097

 

Global Structure Service Ltd
(Registration number: 05705757)

Balance Sheet as at 28 February 2024

For the financial period ending 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 19 August 2024 and signed on its behalf by:
 

.........................................
Mr Stuart F Tyler
Director

.........................................
Mr Anthony Todd
Director

 

Global Structure Service Ltd
(Registration number: 05705757)

Notes to the Unaudited Financial Statements for the Period from 1 March 2023 to 28 February 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
6 Clarence Mews
Horsforth
West Yorkshire
LS18 4EP

These financial statements were authorised for issue by the Board on 19 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Global Structure Service Ltd
(Registration number: 05705757)

Notes to the Unaudited Financial Statements for the Period from 1 March 2023 to 28 February 2024

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible Assets

Tangible Assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

15% reducing balance

Office equipment

25% reducing balance

Motor vehicles

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade Debtors

Trade Debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade Debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Global Structure Service Ltd
(Registration number: 05705757)

Notes to the Unaudited Financial Statements for the Period from 1 March 2023 to 28 February 2024

Trade Creditors

Trade Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2 (2023 - 2).

 

Global Structure Service Ltd
(Registration number: 05705757)

Notes to the Unaudited Financial Statements for the Period from 1 March 2023 to 28 February 2024

4

Tangible Assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 March 2023

15,955

39,104

25,929

80,988

At 28 February 2024

15,955

39,104

25,929

80,988

Depreciation

At 1 March 2023

13,593

33,781

22,722

70,096

Charge for the period

591

1,331

481

2,403

At 28 February 2024

14,184

35,112

23,203

72,499

Carrying amount

At 28 February 2024

1,771

3,992

2,726

8,489

At 28 February 2023

2,362

5,323

3,207

10,892

5

Debtors

Current

2024
£

2023
£

Other debtors

923

2,908

 

923

2,908

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

28,129

47,735

Accruals and deferred income

-

1,642

Other creditors

13,306

16,514

41,435

65,891