Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-30truefalse32023-10-013falseNo description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06696631 2023-10-01 2024-09-30 06696631 2022-10-01 2023-09-30 06696631 2024-09-30 06696631 2023-09-30 06696631 c:Director1 2023-10-01 2024-09-30 06696631 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-09-30 06696631 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-09-30 06696631 d:CurrentFinancialInstruments 2024-09-30 06696631 d:CurrentFinancialInstruments 2023-09-30 06696631 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 06696631 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 06696631 d:ShareCapital 2024-09-30 06696631 d:ShareCapital 2023-09-30 06696631 d:RetainedEarningsAccumulatedLosses 2024-09-30 06696631 d:RetainedEarningsAccumulatedLosses 2023-09-30 06696631 c:FRS102 2023-10-01 2024-09-30 06696631 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 06696631 c:FullAccounts 2023-10-01 2024-09-30 06696631 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 06696631 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 06696631









GLOBAL EYE ART LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
GLOBAL EYE ART LIMITED
REGISTERED NUMBER: 06696631

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2024
2023
2023
Note
£
£
£
£

Fixed assets
  

Intangible assets
 4 
4,646
4,646

Current assets
  

Stocks
  
61,169
61,169

Cash at bank and in hand
  
225
309

  
61,394
61,478

Creditors: amounts falling due within one year
 5 
(96,298)
(95,608)

Net current liabilities
  
 
 
(34,904)
 
 
(34,130)

Net liabilities
  
(30,258)
(29,484)


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
(31,258)
(30,484)

  
(30,258)
(29,484)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

 
GLOBAL EYE ART LIMITED
REGISTERED NUMBER: 06696631
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 22 June 2025.




A Stevenson
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
GLOBAL EYE ART LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Global Eye Art Limited ("The Company") is a private company limited by shares, incorporated in Englandand Wales. Its registered office is Sequoia, Elton Road, Hertford, SG14 3DW.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.3

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.5

Creditors

Short-term creditors are measured at the transaction price.

 
2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans to related parties.

Page 3

 
GLOBAL EYE ART LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

3.


Employees



The average monthly number of employees, including directors, during the year was 3 (2023 - 3).


4.


Intangible assets




Virtual Gallery

£



Cost


At 1 October 2023
4,646



At 30 September 2024

4,646






Net book value



At 30 September 2024
4,646



At 30 September 2023
4,646




5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
95,638
94,978

Accruals and deferred income
660
630

96,298
95,608



6.


Related party transactions

Included within other creditors is an amount owed to a director amounting to £69,808 (2023 - £69,148).
 
At the year end there is an amount of £25,830 (2023 - £25,830) owed by companies with a common director.

Page 4

 
GLOBAL EYE ART LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7.


Controlling party

Dr Andrew Stevenson is considered to be the ultimate controlling party of the Company.

 
Page 5