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REGISTERED NUMBER: 05080115 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Effective Global Solutions Ltd

Effective Global Solutions Ltd (Registered number: 05080115)

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


Effective Global Solutions Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTORS: R G L Hornby
P J Mellor





SECRETARY:





REGISTERED OFFICE: Unit 1, Willow Park
Upton Lane
Stoke Golding
Nuneaton
Warwickshire
CV13 6EU





REGISTERED NUMBER: 05080115 (England and Wales)





ACCOUNTANTS: Vaughan Davies & Co (Accountants) Ltd
Unit 1-3, Willow Park
Upton Lane
Stoke Golding
Nuneaton
Warwickshire
CV13 6EU

Effective Global Solutions Ltd (Registered number: 05080115)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 75,376 95,578

CURRENT ASSETS
Stocks - 30,465
Debtors 5 271,281 250,931
Cash at bank and in hand 134,363 58,223
405,644 339,619
CREDITORS
Amounts falling due within one year 6 158,192 166,021
NET CURRENT ASSETS 247,452 173,598
TOTAL ASSETS LESS CURRENT
LIABILITIES

322,828

269,176

PROVISIONS FOR LIABILITIES 14,066 14,066
NET ASSETS 308,762 255,110

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 308,662 255,010
308,762 255,110

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.

Effective Global Solutions Ltd (Registered number: 05080115)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 November 2024 and were signed on its behalf by:





P J Mellor - Director


Effective Global Solutions Ltd (Registered number: 05080115)

Notes to the Financial Statements
for the Year Ended 29 February 2024


1. STATUTORY INFORMATION

Effective Global Solutions Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

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

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

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Effective Global Solutions Ltd (Registered number: 05080115)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


2. ACCOUNTING POLICIES - continued

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 12 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 March 2023 30,255 116,532 18,039
Additions - 2,170 -
At 29 February 2024 30,255 118,702 18,039
DEPRECIATION
At 1 March 2023 30,255 77,679 9,726
Charge for year - 8,204 1,247
At 29 February 2024 30,255 85,883 10,973
NET BOOK VALUE
At 29 February 2024 - 32,819 7,066
At 28 February 2023 - 38,853 8,313

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2023 54,261 30,202 249,289
Additions - - 2,170
At 29 February 2024 54,261 30,202 251,459
DEPRECIATION
At 1 March 2023 16,067 19,984 153,711
Charge for year 9,549 3,372 22,372
At 29 February 2024 25,616 23,356 176,083
NET BOOK VALUE
At 29 February 2024 28,645 6,846 75,376
At 28 February 2023 38,194 10,218 95,578

Effective Global Solutions Ltd (Registered number: 05080115)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 March 2023
and 29 February 2024 22,000 52,794 74,794
NET BOOK VALUE
At 29 February 2024 22,000 52,794 74,794
At 28 February 2023 22,000 52,794 74,794

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 167,201 146,295
Other debtors 104,080 104,636
271,281 250,931

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 19,375 28,826
Hire purchase contracts 30,907 43,271
Trade creditors 45,888 59,013
Taxation and social security 57,922 30,811
Other creditors 4,100 4,100
158,192 166,021