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Global Solutions North West Ltd
Registered Number:08998265
For the year ended 31 May 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 May 2024
Global Solutions North West Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
08998265
As at 31 May 2024
Global Solutions North West Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
209
278
209
278
Current assets
Trade and other receivables
320,564
388,200
2
112,292
Cash and cash equivalents
37,518
425,718
432,856
Trade and other payables: amounts falling due within one
year
(248,805)
(239,592)
3
184,051
186,126
Net current assets
Total assets less current liabilities
186,335
184,329
Trade and other payables: amounts falling due after more
than one year
(16,074)
(6,813)
4
179,522
Net assets
168,255
Capital and reserves
Called up share capital
100
100
Retained earnings
179,422
168,155
179,522
168,255
Shareholders' funds
For the year ended 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 of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Guilio Minozzi Director
These financial statements were approved and authorised for issue by the Board on 21 February 2025 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 May 2024
Global Solutions North West Ltd
Notes to the Financial Statements
Statutory Information
Global Solutions North West Ltd is a private limited company, limited by shares, domiciled in England and Wales,
registration number 08998265.
Registered address:
1 Bamford Crescent
Accrington
BB5 2PQ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% Reducing balance
Computer Equipment
25% Reducing balance
Furniture and Fittings
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate at the date of transaction. Exchange rate differences are taken into account in arriving at the operating result.
2. Trade and other receivables
2023
2024
£
£
Trade debtors
341,868
278,759
Other debtors
46,332
41,805
320,564
388,200
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5
For the year ended 31 May 2024
Global Solutions North West Ltd
Notes to the Financial Statements Continued
3. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
8,519
8,519
Trade creditors
69
3,425
Taxation and social security
7,309
23,080
Other creditors
223,695
213,781
239,592
248,805
4. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
6,813
16,074
5. Related party transactions
At the Balance sheet date the company was owed £44304 ( 2023 £39304) by Meat into Europe ( 2001) Ltd a
company controlled by the Director.
6. Average number of persons employed
During the year the average number of employees was 3 (2023 : 1)
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