REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
FOR |
GLOBAL INSOLVENCY SOLUTIONS LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
FOR |
GLOBAL INSOLVENCY SOLUTIONS LIMITED |
GLOBAL INSOLVENCY SOLUTIONS LIMITED (REGISTERED NUMBER: 08241262) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
Page |
Statement of Financial Position | 1 |
GLOBAL INSOLVENCY SOLUTIONS LIMITED (REGISTERED NUMBER: 08241262) |
STATEMENT OF FINANCIAL POSITION |
31 MARCH 2024 |
2024 | 2023 |
£ | £ | £ | £ |
Fixed assets |
Current assets |
Creditors |
Amounts falling due within one year | ( |
) | ( |
) |
Net current assets |
Total assets less current liabilities |
Creditors |
Amounts falling due after more than one year |
Net (liabilities)/assets | ( |
) |
Capital and reserves | ( |
) |
Notes to the financial statements |
1. | STATUTORY INFORMATION |
Global Insolvency Solutions Limited is a |
Registered number: |
Registered office: |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | GOING CONCERN |
The director has reviewed the credit facilities available to the company over the forthcoming 12 months and assessed that they are sufficient to allow the company to continue to trade and meet its financial obligations as they fall due. |
3. | AVERAGE NUMBER OF EMPLOYEES |
The average number of employees during the year was |
GLOBAL INSOLVENCY SOLUTIONS LIMITED (REGISTERED NUMBER: 08241262) |
STATEMENT OF FINANCIAL POSITION - continued |
31 MARCH 2024 |
Notes to the financial statements |
4. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023: |
2024 | 2023 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
Interest is charged at 2.5% per annum on any overdrawn directors loan balance. The loan is repayable on demand. |
5. | CHANGE IN ACCOUNTING POLICIES |
The company has transitioned from using FRS 102 1A The Financial Reporting Standard applicable to Small Entities to FRS 105 The Financial Reporting Standard applicable to Micro Entities. The comparative figures included in these accounts for the year ending 31 March 2023 have been revised accordingly. |
The director acknowledges his responsibilities for: |
(a) | ensuring that the company keeps 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 Sections 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. |
GLOBAL INSOLVENCY SOLUTIONS LIMITED (REGISTERED NUMBER: 08241262) |
STATEMENT OF FINANCIAL POSITION - continued |
31 MARCH 2024 |
The financial statements were approved by the director and authorised for issue on |