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REGISTERED NUMBER: 09441335 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Global Reach (Marine Consultancy and
Survey) UK Limited

Global Reach (Marine Consultancy and
Survey) UK Limited (Registered number: 09441335)






Contents of the Financial Statements
for the year ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Global Reach (Marine Consultancy and
Survey) UK Limited

Company Information
for the year ended 29 February 2024







DIRECTORS: Mr P Henney
Mrs A C Henney





REGISTERED OFFICE: 13a Duke Street
Southport
Merseyside
PR8 1LS





REGISTERED NUMBER: 09441335 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Ltd
13a Duke Street
Southport
Merseyside
PR8 1LS

Global Reach (Marine Consultancy and
Survey) UK Limited (Registered number: 09441335)

Balance Sheet
29 February 2024

2024 2023
Notes £ £
FIXED ASSETS
Intangible assets 4 - 1,092
Tangible assets 5 97,160 95,965
97,160 97,057

CURRENT ASSETS
Debtors 6 25,642 18,432
Cash at bank 123,594 127,510
149,236 145,942
CREDITORS
Amounts falling due within one year 7 (31,276 ) (15,492 )
NET CURRENT ASSETS 117,960 130,450
TOTAL ASSETS LESS CURRENT
LIABILITIES

215,120

227,507

CREDITORS
Amounts falling due after more than one year 8 (11,718 ) (19,789 )
NET ASSETS 203,402 207,718

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 203,302 207,618
SHAREHOLDERS' FUNDS 203,402 207,718

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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 Reach (Marine Consultancy and
Survey) UK Limited (Registered number: 09441335)

Balance Sheet - continued
29 February 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 Board of Directors and authorised for issue on 27 November 2024 and were signed on its behalf by:




Mrs A Henney - Director



Mr P Henney - Director


Global Reach (Marine Consultancy and
Survey) UK Limited (Registered number: 09441335)

Notes to the Financial Statements
for the year ended 29 February 2024

1. STATUTORY INFORMATION

Global Reach (Marine Consultancy and Survey) 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Global Reach (Marine Consultancy and
Survey) UK Limited (Registered number: 09441335)

Notes to the Financial Statements - continued
for the year ended 29 February 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 March 2023
and 29 February 2024 12,000
AMORTISATION
At 1 March 2023 10,908
Charge for year 1,092
At 29 February 2024 12,000
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 1,092

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£ £ £ £ £
COST
At 1 March 2023 93,838 3,179 310 1,636 98,963
Additions - - - 2,316 2,316
At 29 February 2024 93,838 3,179 310 3,952 101,279
DEPRECIATION
At 1 March 2023 - 1,484 47 1,467 2,998
Charge for year - 254 39 828 1,121
At 29 February 2024 - 1,738 86 2,295 4,119
NET BOOK VALUE
At 29 February 2024 93,838 1,441 224 1,657 97,160
At 28 February 2023 93,838 1,695 263 169 95,965

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 12,643 8,107
Other debtors 12,999 10,325
25,642 18,432

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 8,112 7,912
Taxation and social security 17,160 1,656
Other creditors 6,004 5,924
31,276 15,492

Global Reach (Marine Consultancy and
Survey) UK Limited (Registered number: 09441335)

Notes to the Financial Statements - continued
for the year ended 29 February 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Bank loans 11,718 19,789

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£ £
Mr P Henney and Mrs A C Henney
Balance outstanding at start of year 6,599 57,624
Amounts advanced 56,272 68,873
Amounts repaid (50,271 ) (119,898 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 12,600 6,599

The above amount was repaid to the company within 9 months and interest has been charged at HMRC approved rates.