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REGISTERED NUMBER: 04701546 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

GLOBALTOPZ UK LIMITED

GLOBALTOPZ UK LIMITED (REGISTERED NUMBER: 04701546)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GLOBALTOPZ UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTOR: Mr A Brouwers





SECRETARY: Mr A Brouwers





REGISTERED OFFICE: Unit 28
28 Upper Bourne End Lane
Bourne End Mills Ind Estate
Hemel Hempstead
Hertfordshire
HP1 2UJ





REGISTERED NUMBER: 04701546 (England and Wales)





ACCOUNTANTS: Meades Group Limited
39 The Metro Centre
Tolpits Lane
WATFORD
Hertfordshire
WD18 9SB

GLOBALTOPZ UK LIMITED (REGISTERED NUMBER: 04701546)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 43,303 32,893

CURRENT ASSETS
Stocks 20,109 32,199
Debtors 5 169,628 133,103
Cash at bank 144,771 254,572
334,508 419,874
CREDITORS
Amounts falling due within one
year

6

168,089

172,978
NET CURRENT ASSETS 166,419 246,896
TOTAL ASSETS LESS CURRENT
LIABILITIES

209,722

279,789

PROVISIONS FOR LIABILITIES 1,556 832
NET ASSETS 208,166 278,957

CAPITAL AND RESERVES
Called up share capital 40 40
Retained earnings 208,126 278,917
SHAREHOLDERS' FUNDS 208,166 278,957

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

GLOBALTOPZ UK LIMITED (REGISTERED NUMBER: 04701546)

BALANCE SHEET - continued
31ST MARCH 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20th November 2024 and were signed by:





Mr A Brouwers - Director


GLOBALTOPZ UK LIMITED (REGISTERED NUMBER: 04701546)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

Globaltopz Uk 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.

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 represents amounts receivable for the supply and installation of worktops, net of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 10 ) .

GLOBALTOPZ UK LIMITED (REGISTERED NUMBER: 04701546)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st April 2023 61,983 39,400 134,716 6,317 242,416
Additions - - 19,160 5,690 24,850
Disposals - - (11,940 ) - (11,940 )
At 31st March 2024 61,983 39,400 141,936 12,007 255,326
DEPRECIATION
At 1st April 2023 52,762 34,024 121,339 1,398 209,523
Charge for year 2,305 1,370 5,668 2,206 11,549
Eliminated on disposal - - (9,049 ) - (9,049 )
At 31st March 2024 55,067 35,394 117,958 3,604 212,023
NET BOOK VALUE
At 31st March 2024 6,916 4,006 23,978 8,403 43,303
At 31st March 2023 9,221 5,376 13,377 4,919 32,893

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2024 2023
£    £   
Trade debtors 108,211 72,214
Staff loans 38,621 54,566
Director's current account 16,000 1,272
Prepayments and accrued income 6,796 5,051
169,628 133,103

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 86,548 102,583
Corporation tax 33,509 26,584
Social security and other taxes 5,149 6,417
VAT 19,378 16,336
Credit card balance 8,165 4,306
CIS deductions 2,166 4,141
Pension contributions payable 2,057 1,873
Accrued expenses 11,117 10,738
168,089 172,978

7. LEASING AGREEMENTS
As at the balance sheet date, the company had commitments under non-cancellable operating leases, not provided for in the financial statements, totalling £1,742 (2023 - £4,478).

GLOBALTOPZ UK LIMITED (REGISTERED NUMBER: 04701546)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2024 and 31st March 2023:

2024 2023
£    £   
Mr A Brouwers
Balance outstanding at start of year 1,272 (312 )
Amounts advanced 16,000 18,544
Amounts repaid (1,272 ) (16,960 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 16,000 1,272