Acorah Software Products - Accounts Production 16.3.350 false true 30 September 2023 26 September 2022 false 1 October 2023 30 September 2024 30 September 2024 14376905 Dr L W L Chong Dr Y F G Chan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14376905 2023-09-30 14376905 2024-09-30 14376905 2023-10-01 2024-09-30 14376905 frs-core:CurrentFinancialInstruments 2024-09-30 14376905 frs-core:ComputerEquipment 2024-09-30 14376905 frs-core:ComputerEquipment 2023-10-01 2024-09-30 14376905 frs-core:ComputerEquipment 2023-09-30 14376905 frs-core:ShareCapital 2024-09-30 14376905 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 14376905 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 14376905 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 14376905 frs-bus:SmallEntities 2023-10-01 2024-09-30 14376905 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 14376905 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 14376905 frs-core:DeferredTaxation 2023-10-01 2024-09-30 14376905 frs-core:DeferredTaxation 2023-09-30 14376905 frs-core:DeferredTaxation 2024-09-30 14376905 frs-bus:Director1 2023-10-01 2024-09-30 14376905 frs-bus:Director2 2023-10-01 2024-09-30 14376905 frs-countries:EnglandWales 2023-10-01 2024-09-30 14376905 2022-09-25 14376905 2023-09-30 14376905 2022-09-26 2023-09-30 14376905 frs-core:CurrentFinancialInstruments 2023-09-30 14376905 frs-core:ShareCapital 2023-09-30 14376905 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 14376905
Globo Health Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 14376905
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,696 2,295
1,696 2,295
CURRENT ASSETS
Debtors 5 6,616 5,360
Cash at bank and in hand 96,260 44,244
102,876 49,604
Creditors: Amounts Falling Due Within One Year 6 (17,071 ) (12,244 )
NET CURRENT ASSETS (LIABILITIES) 85,805 37,360
TOTAL ASSETS LESS CURRENT LIABILITIES 87,501 39,655
PROVISIONS FOR LIABILITIES
Deferred Taxation 7 (322 ) (436 )
NET ASSETS 87,179 39,219
CAPITAL AND RESERVES
Called up share capital 9 200 200
Profit and Loss Account 86,979 39,019
SHAREHOLDERS' FUNDS 87,179 39,219
For the year ending 30 September 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Dr L W L Chong
Director
28/05/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Globo Health Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14376905 . The registered office is 41 Kempton House, Heritage Place, Brentford, Middlesex, TW8 0RN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 25% straight line
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 October 2023 2,395
As at 30 September 2024 2,395
Depreciation
As at 1 October 2023 100
Provided during the period 599
As at 30 September 2024 699
Net Book Value
As at 30 September 2024 1,696
As at 1 October 2023 2,295
Page 2
Page 3
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 6,616 5,360
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 13,053 9,793
Accruals and deferred income 1,114 1,093
Directors' loan accounts 2,904 1,358
17,071 12,244
7. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 322 436
8. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 October 2023 436 436
Deferred taxation (114 ) (114 )
Balance at 30 September 2024 322 322
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
Page 3