Company Registration No. 04957772 (England and Wales)
Global Shipping Master Uk Limited
Unaudited accounts
for the year ended 31 December 2023
Global Shipping Master Uk Limited
Unaudited accounts
Contents
Global Shipping Master Uk Limited
Company Information
for the year ended 31 December 2023
Company Number
04957772 (England and Wales)
Registered Office
Unit 48 Phoenix Way
Hounslow
TW5 9NB
United Kingdom
Global Shipping Master Uk Limited
Statement of financial position
as at 31 December 2023
Cash at bank and in hand
39,677
Creditors: amounts falling due within one year
(369,273)
Net current liabilities
(216,873)
Total assets less current liabilities
(155,808)
Creditors: amounts falling due after more than one year
(110,396)
Provisions for liabilities
Called up share capital
451,000
Profit and loss account
(721,621)
Shareholders' funds
(270,621)
For the year 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 20 August 2024 and were signed on its behalf by
Ki Shik Kim
Director
Company Registration No. 04957772
Global Shipping Master Uk Limited
Notes to the Accounts
for the year ended 31 December 2023
Global Shipping Master Uk Limited is a private company, limited by shares, registered in England and Wales, registration number 04957772. The registered office is Unit 48 Phoenix Way, Hounslow, TW5 9NB, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2023
60,327
3,501
55,042
118,870
At 31 December 2023
60,327
3,501
57,733
121,561
At 1 January 2023
53,481
3,150
36,844
93,475
Charge for the year
1,711
88
5,222
7,021
At 31 December 2023
55,192
3,238
42,066
100,496
At 31 December 2023
5,135
263
15,667
21,065
5
Investments
Other investments
Valuation at 1 January 2023
40,000
Valuation at 31 December 2023
40,000
Global Shipping Master Uk Limited
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
Accrued income and prepayments
6,262
Amounts falling due after more than one year
Accrued income and prepayments
20,200
7
Creditors: amounts falling due within one year
2023
Taxes and social security
10,322
8
Creditors: amounts falling due after more than one year
2023
9
Average number of employees
During the year the average number of employees was 13.