2023-10-012024-09-302024-09-30false12227221GLOBAL OFFSHORE LTD2025-06-2682990falseiso4217:GBPxbrli:pure122272212023-10-01122272212024-09-30122272212023-10-012024-09-30122272212022-10-01122272212023-09-30122272212022-10-012023-09-3012227221bus:SmallEntities2023-10-012024-09-3012227221bus:AuditExempt-NoAccountantsReport2023-10-012024-09-3012227221bus:FullAccounts2023-10-012024-09-3012227221bus:PrivateLimitedCompanyLtd2023-10-012024-09-3012227221core:WithinOneYear2024-09-3012227221core:AfterOneYear2024-09-3012227221core:WithinOneYear2023-09-3012227221core:AfterOneYear2023-09-3012227221core:ShareCapital2024-09-3012227221core:SharePremium2024-09-3012227221core:RevaluationReserve2024-09-3012227221core:OtherReservesSubtotal2024-09-3012227221core:RetainedEarningsAccumulatedLosses2024-09-3012227221core:ShareCapital2023-09-3012227221core:SharePremium2023-09-3012227221core:RevaluationReserve2023-09-3012227221core:OtherReservesSubtotal2023-09-3012227221core:RetainedEarningsAccumulatedLosses2023-09-3012227221core:LandBuildings2024-09-3012227221core:PlantMachinery2024-09-3012227221core:Vehicles2024-09-3012227221core:FurnitureFittings2024-09-3012227221core:OfficeEquipment2024-09-3012227221core:NetGoodwill2024-09-3012227221core:IntangibleAssetsOtherThanGoodwill2024-09-3012227221core:ListedExchangeTraded2024-09-3012227221core:UnlistedNon-exchangeTraded2024-09-3012227221core:LandBuildings2023-09-3012227221core:PlantMachinery2023-09-3012227221core:Vehicles2023-09-3012227221core:FurnitureFittings2023-09-3012227221core:OfficeEquipment2023-09-3012227221core:NetGoodwill2023-09-3012227221core:IntangibleAssetsOtherThanGoodwill2023-09-3012227221core:ListedExchangeTraded2023-09-3012227221core:UnlistedNon-exchangeTraded2023-09-3012227221core:LandBuildings2023-10-012024-09-3012227221core:PlantMachinery2023-10-012024-09-3012227221core:Vehicles2023-10-012024-09-3012227221core:FurnitureFittings2023-10-012024-09-3012227221core:OfficeEquipment2023-10-012024-09-3012227221core:NetGoodwill2023-10-012024-09-3012227221core:IntangibleAssetsOtherThanGoodwill2023-10-012024-09-3012227221core:ListedExchangeTraded2023-10-012024-09-3012227221core:UnlistedNon-exchangeTraded2023-10-012024-09-3012227221core:MoreThanFiveYears2023-10-012024-09-3012227221core:Non-currentFinancialInstruments2024-09-3012227221core:Non-currentFinancialInstruments2023-09-3012227221dpl:CostSales2023-10-012024-09-3012227221dpl:DistributionCosts2023-10-012024-09-3012227221core:LandBuildings2023-10-012024-09-3012227221core:PlantMachinery2023-10-012024-09-3012227221core:Vehicles2023-10-012024-09-3012227221core:FurnitureFittings2023-10-012024-09-3012227221core:OfficeEquipment2023-10-012024-09-3012227221dpl:AdministrativeExpenses2023-10-012024-09-3012227221core:NetGoodwill2023-10-012024-09-3012227221core:IntangibleAssetsOtherThanGoodwill2023-10-012024-09-3012227221dpl:GroupUndertakings2023-10-012024-09-3012227221dpl:ParticipatingInterests2023-10-012024-09-3012227221dpl:GroupUndertakingscore:ListedExchangeTraded2023-10-012024-09-3012227221core:ListedExchangeTraded2023-10-012024-09-3012227221dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-10-012024-09-3012227221core:UnlistedNon-exchangeTraded2023-10-012024-09-3012227221dpl:CostSales2022-10-012023-09-3012227221dpl:DistributionCosts2022-10-012023-09-3012227221core:LandBuildings2022-10-012023-09-3012227221core:PlantMachinery2022-10-012023-09-3012227221core:Vehicles2022-10-012023-09-3012227221core:FurnitureFittings2022-10-012023-09-3012227221core:OfficeEquipment2022-10-012023-09-3012227221dpl:AdministrativeExpenses2022-10-012023-09-3012227221core:NetGoodwill2022-10-012023-09-3012227221core:IntangibleAssetsOtherThanGoodwill2022-10-012023-09-3012227221dpl:GroupUndertakings2022-10-012023-09-3012227221dpl:ParticipatingInterests2022-10-012023-09-3012227221dpl:GroupUndertakingscore:ListedExchangeTraded2022-10-012023-09-3012227221core:ListedExchangeTraded2022-10-012023-09-3012227221dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-10-012023-09-3012227221core:UnlistedNon-exchangeTraded2022-10-012023-09-3012227221core:NetGoodwill2024-09-3012227221core:IntangibleAssetsOtherThanGoodwill2024-09-3012227221core:LandBuildings2024-09-3012227221core:PlantMachinery2024-09-3012227221core:Vehicles2024-09-3012227221core:FurnitureFittings2024-09-3012227221core:OfficeEquipment2024-09-3012227221core:AfterOneYear2024-09-3012227221core:WithinOneYear2024-09-3012227221core:ListedExchangeTraded2024-09-3012227221core:UnlistedNon-exchangeTraded2024-09-3012227221core:ShareCapital2024-09-3012227221core:SharePremium2024-09-3012227221core:RevaluationReserve2024-09-3012227221core:OtherReservesSubtotal2024-09-3012227221core:RetainedEarningsAccumulatedLosses2024-09-3012227221core:NetGoodwill2023-09-3012227221core:IntangibleAssetsOtherThanGoodwill2023-09-3012227221core:LandBuildings2023-09-3012227221core:PlantMachinery2023-09-3012227221core:Vehicles2023-09-3012227221core:FurnitureFittings2023-09-3012227221core:OfficeEquipment2023-09-3012227221core:AfterOneYear2023-09-3012227221core:WithinOneYear2023-09-3012227221core:ListedExchangeTraded2023-09-3012227221core:UnlistedNon-exchangeTraded2023-09-3012227221core:ShareCapital2023-09-3012227221core:SharePremium2023-09-3012227221core:RevaluationReserve2023-09-3012227221core:OtherReservesSubtotal2023-09-3012227221core:RetainedEarningsAccumulatedLosses2023-09-3012227221core:NetGoodwill2022-10-0112227221core:IntangibleAssetsOtherThanGoodwill2022-10-0112227221core:LandBuildings2022-10-0112227221core:PlantMachinery2022-10-0112227221core:Vehicles2022-10-0112227221core:FurnitureFittings2022-10-0112227221core:OfficeEquipment2022-10-0112227221core:AfterOneYear2022-10-0112227221core:WithinOneYear2022-10-0112227221core:ListedExchangeTraded2022-10-0112227221core:UnlistedNon-exchangeTraded2022-10-0112227221core:ShareCapital2022-10-0112227221core:SharePremium2022-10-0112227221core:RevaluationReserve2022-10-0112227221core:OtherReservesSubtotal2022-10-0112227221core:RetainedEarningsAccumulatedLosses2022-10-0112227221core:AfterOneYear2023-10-012024-09-3012227221core:WithinOneYear2023-10-012024-09-3012227221core:Non-currentFinancialInstrumentscore:CostValuation2023-10-012024-09-3012227221core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-10-012024-09-3012227221core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-10-012024-09-3012227221core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-10-012024-09-3012227221core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-10-012024-09-3012227221core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-10-012024-09-3012227221core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-10-012024-09-3012227221core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-10-012024-09-3012227221core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-10-012024-09-3012227221core:Non-currentFinancialInstrumentscore:CostValuation2024-09-3012227221core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-09-3012227221core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-09-3012227221core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-09-3012227221core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-09-3012227221core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-09-3012227221core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-09-3012227221core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-09-3012227221core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-09-3012227221core:Non-currentFinancialInstrumentscore:CostValuation2023-09-3012227221core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-09-3012227221core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-09-3012227221core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-09-3012227221core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-09-3012227221core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-09-3012227221core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-09-3012227221core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-09-3012227221core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-09-3012227221bus:Director12023-10-012024-09-3012227221core:FurnitureFittingsToolsEquipment2023-09-3012227221core:FurnitureFittingsToolsEquipment2023-10-012024-09-3012227221core:FurnitureFittingsToolsEquipment2024-09-30

GLOBAL OFFSHORE LTD

Registered Number
12227221
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2024

GLOBAL OFFSHORE LTD
Company Information
for the year from 1 October 2023 to 30 September 2024

Director

STAINES, Kevin

Registered Address

28 Acomb Avenue
Wallsend
NE28 9XY

Registered Number

12227221 (England and Wales)
GLOBAL OFFSHORE LTD
Balance Sheet as at
30 September 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets332,35024,848
32,35024,848
Current assets
Debtors214,47999,643
Cash at bank and on hand37,723341,962
252,202441,605
Creditors amounts falling due within one year4(108,601)(318,996)
Net current assets (liabilities)143,601122,609
Total assets less current liabilities175,951147,457
Net assets175,951147,457
Capital and reserves
Called up share capital100100
Profit and loss account175,851147,357
Shareholders' funds175,951147,457
The financial statements were approved and authorised for issue by the Director on 26 June 2025, and are signed on its behalf by:
STAINES, Kevin
Director
Registered Company No. 12227221
GLOBAL OFFSHORE LTD
Notes to the Financial Statements
for the year ended 30 September 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
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.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery15
Fixtures and fittings15
Vehicles20
Office Equipment25
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Plant & machinery

Vehicles

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 October 238,72615,4003432,76827,237
Additions10,225--3,07813,303
At 30 September 2418,95115,4003435,84640,540
Depreciation and impairment
At 01 October 234841,493633492,389
Charge for year2,2072,781427715,801
At 30 September 242,6914,2741051,1208,190
Net book value
At 30 September 2416,26011,1262384,72632,350
At 30 September 238,24213,9072802,41924,848
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables72,904252,534
Bank borrowings and overdrafts850850
Taxation and social security34,84765,612
Total108,601318,996
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.