Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseOther professional, scientific and technical activities not elsewhere classified22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12366523 2023-01-01 2023-12-31 12366523 2022-01-01 2022-12-31 12366523 2023-12-31 12366523 2022-12-31 12366523 c:Director1 2023-01-01 2023-12-31 12366523 d:OfficeEquipment 2023-01-01 2023-12-31 12366523 d:OfficeEquipment 2023-12-31 12366523 d:OfficeEquipment 2022-12-31 12366523 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 12366523 d:CurrentFinancialInstruments 2023-12-31 12366523 d:CurrentFinancialInstruments 2022-12-31 12366523 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12366523 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 12366523 d:ShareCapital 2023-12-31 12366523 d:ShareCapital 2022-12-31 12366523 d:RetainedEarningsAccumulatedLosses 2023-12-31 12366523 d:RetainedEarningsAccumulatedLosses 2022-12-31 12366523 c:OrdinaryShareClass1 2023-01-01 2023-12-31 12366523 c:OrdinaryShareClass1 2023-12-31 12366523 c:FRS102 2023-01-01 2023-12-31 12366523 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12366523 c:FullAccounts 2023-01-01 2023-12-31 12366523 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12366523 2 2023-01-01 2023-12-31 12366523 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 12366523









STANDARD GLOBAL LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
STANDARD GLOBAL LIMITED
REGISTERED NUMBER: 12366523

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
16,191
11,883

  
16,191
11,883

Current assets
  

Debtors: amounts falling due within one year
 5 
144,703
807,630

Cash at bank and in hand
  
943,055
388,785

  
1,087,758
1,196,415

Creditors: amounts falling due within one year
 6 
(767,386)
(902,928)

Net current assets
  
 
 
320,372
 
 
293,487

Total assets less current liabilities
  
336,563
305,370

  

Net assets
  
336,563
305,370


Capital and reserves
  

Called up share capital 
 7 
1
1

Profit and loss account
  
336,562
305,369

  
336,563
305,370


Page 1

 
STANDARD GLOBAL LIMITED
REGISTERED NUMBER: 12366523
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

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 income and retained earnings 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 26 September 2024.




Nigel John Oakes
Director

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

Page 2

 
STANDARD GLOBAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Standard Global Limited is a private company limited by sharesand registered in England and Wales. Its registered office is 124 Finchley Road, London, England, NW3 5JS.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.3

Revenue

Revenue is recognised at the fair value of the consideration receivable for services provided in the normal course of business and is shown net of VAT.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
STANDARD GLOBAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

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 reporting date in the countries where the company operates and generates income.

 
2.7

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.

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:

Office equipment
-
3 years

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.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.9

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposit held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 

 
2.10

Creditors

Short-term creditors are measured at the transaction price. 

Page 4

 
STANDARD GLOBAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

  
2.11

Equity instruments

Equity instruments issued by the company are recorded at the proceeds recieved, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company. 

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 January 2023
17,905


Additions
12,947



At 31 December 2023

30,852



Depreciation


At 1 January 2023
6,022


Charge for the year on owned assets
8,639



At 31 December 2023

14,661



Net book value



At 31 December 2023
16,191



At 31 December 2022
11,883

Page 5

 
STANDARD GLOBAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Trade debtors
-
274,603

Other debtors
62,786
533,027

Prepayments and accrued income
81,917
-

144,703
807,630



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
2,890
10,252

Corporation tax
10,758
79,701

Other taxation and social security
1,220
3,338

Other creditors
406,430
392

Accruals and deferred income
346,088
809,245

767,386
902,928



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 Ordinary share of £1.00
1
1



8.


Related party transactions

At the reporting date the company owed £292,650.00 (2022:(£193,366)) to its director, Nigel Oakes. This amount is unsecured, not subject to interest and is repayable on demand.
During the year the company made purchases totalling £606,667 (2022: £447,500) from SCL Insight Limited, a company of which Nigel Oakes is a Director. £438,326 (2022: £50,116) was owed to SCL Insight Limited at the reporting date. 


9.


Controlling party

The company is controlled by its director.

 
Page 6