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Company Registration No. 13450467 (England and Wales)
Globe Northwest Ltd Unaudited accounts for the year ended 31 May 2024
Globe Northwest Ltd Unaudited accounts Contents
Page
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Globe Northwest Ltd Company Information for the year ended 31 May 2024
Directors
Ms M Quine Mr K Rushton
Company Number
13450467 (England and Wales)
Registered Office
189 Stratford Drive Prescot Liverpool Merseyside L34 1AW
Accountants
Invictus Accountancy Services Limited 1 Stable Court Business Centre Water Lane Farm Tarbock Green Liverpool Merseyside L35 1RD
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Globe Northwest Ltd Accountants' report
Accountants' report to the board of directors of Globe Northwest Ltd on the preparation of the unaudited statutory accounts for the year ended 31 May 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Globe Northwest Ltd for the year ended 31 May 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Globe Northwest Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Globe Northwest Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Globe Northwest Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Globe Northwest Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Globe Northwest Ltd. You consider that Globe Northwest Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Globe Northwest Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Invictus Accountancy Services Limited 1 Stable Court Business Centre Water Lane Farm Tarbock Green Liverpool Merseyside L35 1RD 26 February 2025
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Globe Northwest Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,202 
2,400 
Current assets
Debtors
161,437 
75,495 
Cash at bank and in hand
89,893 
37,142 
251,330 
112,637 
Creditors: amounts falling due within one year
(120,276)
(69,025)
Net current assets
131,054 
43,612 
Net assets
137,256 
46,012 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
137,254 
46,010 
Shareholders' funds
137,256 
46,012 
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 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 26 February 2025 and were signed on its behalf by
Mr K Rushton Director Company Registration No. 13450467
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Globe Northwest Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Globe Northwest Ltd is a private company, limited by shares, registered in England and Wales, registration number 13450467. The registered office is 189 Stratford Drive, Prescot, Liverpool, Merseyside, L34 1AW.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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.
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:
Motor vehicles
25%
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 June 2023
3,200 
Additions
5,870 
At 31 May 2024
9,070 
Depreciation
At 1 June 2023
800 
Charge for the year
2,068 
At 31 May 2024
2,868 
Net book value
At 31 May 2024
6,202 
At 31 May 2023
2,400 
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Globe Northwest Ltd Notes to the Accounts for the year ended 31 May 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
13,459 
19,139 
Accrued income and prepayments
54,724 
54,113 
Other debtors
93,254 
2,243 
161,437 
75,495 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
55,069 
38,591 
Trade creditors
11,001 
3,776 
Taxes and social security
51,052 
24,627 
Loans from directors
- 
15 
Accruals
3,154 
2,016 
120,276 
69,025 
7
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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