Company Registration No. 09805805 (England and Wales)
GLOBAL REMOTE RESOURCES LIMITED
Unaudited accounts
for the year ended 31 October 2024
GLOBAL REMOTE RESOURCES LIMITED
Unaudited accounts
Contents
GLOBAL REMOTE RESOURCES LIMITED
Company Information
for the year ended 31 October 2024
Company Number
09805805 (England and Wales)
Registered Office
51 ROMSEY INDUSTRIAL ESTATE
GREATBRIDGE ROAD
ROMSEY
HAMPSHIRE
SO51 0HR
ENGLAND
Accountants
Cone Accounting Limited
124 City Road
London
EC1V 2NX
GLOBAL REMOTE RESOURCES LIMITED
Statement of financial position
as at 31 October 2024
Tangible assets
63,956
24,916
Cash at bank and in hand
1,475
25,949
Creditors: amounts falling due within one year
(2,324)
57,558
Net current assets
124,766
110,221
Total assets less current liabilities
188,722
135,137
Creditors: amounts falling due after more than one year
(41,250)
-
Net assets
147,472
135,137
Called up share capital
1
1
Profit and loss account
147,471
135,136
Shareholders' funds
147,472
135,137
For the year ending 31 October 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 director acknowledges his 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 and authorised for issue on 16 May 2025 and were signed on its behalf by
Paul Slade
Director
Company Registration No. 09805805
GLOBAL REMOTE RESOURCES LIMITED
Notes to the Accounts
for the year ended 31 October 2024
GLOBAL REMOTE RESOURCES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09805805. The registered office is 51 ROMSEY INDUSTRIAL ESTATE, GREATBRIDGE ROAD, ROMSEY, HAMPSHIRE, SO51 0HR, ENGLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Plant & machinery
20% - 25% - Straight Line Method
Motor vehicles
20% - Straight Line Method
Computer equipment
33.33% - Straight Line Method
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.
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
GLOBAL REMOTE RESOURCES LIMITED
Notes to the Accounts
for the year ended 31 October 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2023
25,703
3,000
1,374
30,077
Additions
-
48,810
1,124
49,934
Disposals
-
(3,000)
-
(3,000)
At 31 October 2024
25,703
48,810
2,498
77,011
At 1 November 2023
4,289
400
472
5,161
Charge for the year
5,176
1,641
677
7,494
At 31 October 2024
9,465
2,441
1,149
13,055
At 31 October 2024
16,238
46,369
1,349
63,956
At 31 October 2023
21,414
2,600
902
24,916
Amounts falling due within one year
Trade debtors
6,328
14,998
Accrued income and prepayments
6,994
6,733
Other debtors
112,293
4,983
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
17,999
-
Trade creditors
3,481
5,049
Taxes and social security
33,532
34,232
Loans from directors
(53,185)
(96,342)
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
GLOBAL REMOTE RESOURCES LIMITED
Notes to the Accounts
for the year ended 31 October 2024
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).