Company Registration No. 10144620 (England and Wales)
GLOBAL SHIPPING CONTAINERS LIMITED
Unaudited accounts
for the year ended 30 April 2024
GLOBAL SHIPPING CONTAINERS LIMITED
Unaudited accounts
Contents
GLOBAL SHIPPING CONTAINERS LIMITED
Company Information
for the year ended 30 April 2024
Directors
Mr Peter Moss
Peter Moss
Company Number
10144620 (England and Wales)
Registered Office
34 NEWDOWN ROAD
LIVERPOOL
MERSEYSIDE
L11 0DF
ENGLAND
Accountants
Eighty Twenty Business Limited
Bluebells
Grane Road
Haslingden
Lancashire
BB4 4AT
GLOBAL SHIPPING CONTAINERS LIMITED
Statement of financial position
as at 30 April 2024
Tangible assets
1,571
3,521
Cash at bank and in hand
1,489
54,912
Creditors: amounts falling due within one year
(102,818)
(99,299)
Net current (liabilities)/assets
(1,611)
29,739
Total assets less current liabilities
(40)
33,260
Creditors: amounts falling due after more than one year
(26,650)
(32,302)
Net (liabilities)/assets
(26,690)
958
Called up share capital
1
1
Profit and loss account
(26,691)
957
Shareholders' funds
(26,690)
958
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2025 and were signed on its behalf by
Mr Peter Moss
Director
Company Registration No. 10144620
GLOBAL SHIPPING CONTAINERS LIMITED
Notes to the Accounts
for the year ended 30 April 2024
GLOBAL SHIPPING CONTAINERS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10144620. The registered office is 34 NEWDOWN ROAD, LIVERPOOL, MERSEYSIDE, L11 0DF, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard 102 Section 1A.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% Reducing Balance
Motor vehicles
25% Reducing Balance
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants in relation to expenditure are credited when the expenditure is charged to profit and loss.
GLOBAL SHIPPING CONTAINERS LIMITED
Notes to the Accounts
for the year ended 30 April 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 May 2023
5,750
5,500
11,250
At 30 April 2024
5,750
5,500
11,250
At 1 May 2023
3,604
4,125
7,729
Charge for the year
575
1,375
1,950
At 30 April 2024
4,179
5,500
9,679
At 30 April 2024
1,571
-
1,571
At 30 April 2023
2,146
1,375
3,521
Amounts falling due within one year
Trade debtors
56,718
71,126
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
122,442
51,606
Taxes and social security
5,051
1,097
Loans from directors
(25,376)
25,756
7
Creditors: amounts falling due after more than one year
2024
2023
Coronavirus Bounce Back Loan
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Average number of employees
During the year the average number of employees was 4 (2023: 4).