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REGISTERED NUMBER: 04229381 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Global Safety & Environmental Ltd

Global Safety & Environmental Ltd (Registered number: 04229381)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Global Safety & Environmental Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTOR: F McCloskey





SECRETARY: F McCloskey





REGISTERED OFFICE: 11 Bakers Walk
Sawbridgeworth
Hertfordshire
CM21 9QE





REGISTERED NUMBER: 04229381 (England and Wales)





ACCOUNTANTS: Lawrence & Company
Chartered Certified Accountants
26 Bell Street
Sawbridgeworth
Hertfordshire
CM21 9AN

Global Safety & Environmental Ltd (Registered number: 04229381)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,402 4,254

CURRENT ASSETS
Stocks 41,974 20,567
Debtors 5 198,390 206,813
Cash at bank 109,433 26,010
349,797 253,390
CREDITORS
Amounts falling due within one year 6 215,394 164,077
NET CURRENT ASSETS 134,403 89,313
TOTAL ASSETS LESS CURRENT
LIABILITIES

137,805

93,567

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Retained earnings 7 132,805 88,567
SHAREHOLDERS' FUNDS 137,805 93,567

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 December 2024 and were signed by:





F McCloskey - Director


Global Safety & Environmental Ltd (Registered number: 04229381)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Global Safety & Environmental Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

Pension costs and other post-retirement benefits
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. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 6 ) .

Global Safety & Environmental Ltd (Registered number: 04229381)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 3,100 24,597 27,697
DEPRECIATION
At 1 July 2023 2,766 20,677 23,443
Charge for year 67 785 852
At 30 June 2024 2,833 21,462 24,295
NET BOOK VALUE
At 30 June 2024 267 3,135 3,402
At 30 June 2023 334 3,920 4,254

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 194,890 203,313
Other loans 3,500 3,500
198,390 206,813

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other loans 5,000 5,000
Trade creditors 134,996 102,583
Tax 12,836 1,023
Social security and other taxes 55,635 49,623
Other creditors 1,106 827
Directors' current accounts 2,571 2,571
Accrued expenses 3,250 2,450
215,394 164,077

7. RESERVES
Retained
earnings
£   

At 1 July 2023 88,567
Profit for the year 44,238
At 30 June 2024 132,805

Global Safety & Environmental Ltd (Registered number: 04229381)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£    £   
F McCloskey
Balance outstanding at start of year (2,571 ) (2,571 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,571 ) (2,571 )

The directors along with many companies of similar size and nature operate a directors loan account to facilitate some of the company's financial transactions the movements are summarised above.

Handmade Marketing Ltd is a related party the company was owed £65,910 at the year end (2023 £66,376)