Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 10754289 Mrs B Tasker Mr J Tasker Mrs L Newby Mr M Newby Mrs L Newby iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10754289 2023-05-31 10754289 2024-05-31 10754289 2023-06-01 2024-05-31 10754289 frs-core:CurrentFinancialInstruments 2024-05-31 10754289 frs-core:Non-currentFinancialInstruments 2024-05-31 10754289 frs-core:ComputerEquipment 2024-05-31 10754289 frs-core:ComputerEquipment 2023-06-01 2024-05-31 10754289 frs-core:ComputerEquipment 2023-05-31 10754289 frs-core:FurnitureFittings 2024-05-31 10754289 frs-core:FurnitureFittings 2023-06-01 2024-05-31 10754289 frs-core:FurnitureFittings 2023-05-31 10754289 frs-core:MotorVehicles 2023-06-01 2024-05-31 10754289 frs-core:PlantMachinery 2024-05-31 10754289 frs-core:PlantMachinery 2023-06-01 2024-05-31 10754289 frs-core:PlantMachinery 2023-05-31 10754289 frs-core:ShareCapital 2024-05-31 10754289 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 10754289 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 10754289 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 10754289 frs-bus:SmallEntities 2023-06-01 2024-05-31 10754289 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 10754289 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 10754289 frs-bus:Director1 2023-06-01 2024-05-31 10754289 frs-bus:Director2 2023-06-01 2024-05-31 10754289 frs-bus:Director3 2023-06-01 2024-05-31 10754289 frs-bus:Director4 2023-06-01 2024-05-31 10754289 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 10754289 frs-countries:EnglandWales 2023-06-01 2024-05-31 10754289 2022-05-31 10754289 2023-05-31 10754289 2022-06-01 2023-05-31 10754289 frs-core:CurrentFinancialInstruments 2023-05-31 10754289 frs-core:Non-currentFinancialInstruments 2023-05-31 10754289 frs-core:ShareCapital 2023-05-31 10754289 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 10754289
Global Building Supplies UK Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
Search Accountancy Limited
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 10754289
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 30,683 38,200
30,683 38,200
CURRENT ASSETS
Stocks 5 37,500 37,500
Debtors 6 119,240 117,593
Cash at bank and in hand 8,701 58,230
165,441 213,323
Creditors: Amounts Falling Due Within One Year 7 (183,605 ) (183,128 )
NET CURRENT ASSETS (LIABILITIES) (18,164 ) 30,195
TOTAL ASSETS LESS CURRENT LIABILITIES 12,519 68,395
Creditors: Amounts Falling Due After More Than One Year 8 (6,239 ) (10,271 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,151 ) (6,062 )
NET ASSETS 129 52,062
CAPITAL AND RESERVES
Called up share capital 9 100 100
Income Statement 29 51,962
SHAREHOLDERS' FUNDS 129 52,062
Page 1
Page 2
For the year ending 31 May 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr J Tasker
Director
Mr M Newby
Director
04/02/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Global Building Supplies UK Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10754289 . The registered office is Unit 154 Avenue B, Thorp Arch Estate, Wetherby, LS23 7BJ.
2. Accounting Policies
2.1. Basis of Preparation of 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. 
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% SLM
Motor Vehicles -
Fixtures & Fittings 15% SLM
Computer Equipment 33% SLM
2.4. Leasing and Hire Purchase Contracts
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
2.5. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. 
2.6. 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 statement of financial position date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.
...CONTINUED
Page 3
Page 4
2.6. Taxation - continued
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.
2.7. Pensions
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. Average Number of Employees
Average number of employees, including directors, during the year was: 16 (2023: 13)
16 13
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 June 2023 59,970 341 499 60,810
Additions - 745 - 745
As at 31 May 2024 59,970 1,086 499 61,555
Depreciation
As at 1 June 2023 22,014 253 343 22,610
Provided during the period 7,994 112 156 8,262
As at 31 May 2024 30,008 365 499 30,872
Net Book Value
As at 31 May 2024 29,962 721 - 30,683
As at 1 June 2023 37,956 88 156 38,200
5. Stocks
2024 2023
£ £
Stock 37,500 37,500
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 116,205 110,206
Other debtors 3,035 7,387
119,240 117,593
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 152,657 107,558
Bank loans and overdrafts 3,761 3,761
Other creditors 12,237 53,237
Taxation and social security 14,950 18,572
183,605 183,128
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 6,239 10,271
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5