Registered number
07576632
SUPPORT GLOBAL LIMITED
Filleted Accounts
31 March 2024
SUPPORT GLOBAL LIMITED
Registered number: 07576632
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 42,830 1,330
Current assets
Debtors 4 5,308 9,785
Investments held as current assets 5 - 28,300
Cash at bank and in hand 6,333 29,704
11,641 67,789
Creditors: amounts falling due within one year 6 (14,206) (14,617)
Net current assets (liabilities) (2,565) 53,172
Total assets less current liabilities 40,265 54,502
Creditors: amounts falling due after more than one year 7 (21,684) (37,524)
Total net assets (liabilities) 18,581 16,978
Capital and reserves
Called up share capital 100 100
Profit and loss account 18,481 16,878
Shareholder's funds 18,581 16,978
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Muhammad Hussain
Director
Approved by the board on 24 December 2024
SUPPORT GLOBAL LIMITED
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Land and buildings not depreciated
Fixtures, fittings, tools and equipment 15% reducing balance basis
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2023 - 6,956 6,956
Additions 41,700 - 41,700
At 31 March 2024 41,700 6,956 48,656
Depreciation
At 1 April 2023 - 5,626 5,626
Charge for the year - 200 200
At 31 March 2024 - 5,826 5,826
Net book value
At 31 March 2024 41,700 1,130 42,830
At 31 March 2023 - 1,330 1,330
4 Debtors 2024 2023
£ £
Trade debtors - 477
Other debtors - Rent Deposit 5,308 9,308
5,308 9,785
5 Investments held as current assets 2024 2023
£ £
Fair value
Unlisted investments - 28,300
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 13,483 13,483
Taxation and social security costs 423 534
Other creditors 300 600
14,206 14,617
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 19,493 25,726
Other creditors 2,191 11,798
21,684 37,524
8 Controlling party
Muhammad Hussain is the ultimate controlling party of the company by virtue of his shareholding in the company.
9 Other information
SUPPORT GLOBAL LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
66 Carlyle Road
London
E12 6BP
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