Company Registration No. 05986158 (England and Wales)
Global Material Handling Ltd
Unaudited accounts
for the year ended 30 November 2024
Global Material Handling Ltd
Unaudited accounts
Contents
Global Material Handling Ltd
Company Information
for the year ended 30 November 2024
Company Number
05986158 (England and Wales)
Registered Office
GLOBAL HOUSE UNITS 2&3
MILLFIELD BUSINESS PARK MILLFIELD LANE
ST HELENS
MERSEYSIDE
WA11 9UT
Global Material Handling Ltd
Statement of financial position
as at 30 November 2024
Tangible assets
941,870
910,623
Inventories
363,397
244,090
Debtors
4,117,105
2,172,756
Cash at bank and in hand
296,247
1,395,960
Creditors: amounts falling due within one year
(1,376,535)
(2,082,269)
Net current assets
3,400,217
1,730,540
Total assets less current liabilities
4,342,087
2,641,163
Creditors: amounts falling due after more than one year
(1,615,759)
(166,920)
Provisions for liabilities
Deferred tax
(183,849)
(175,845)
Net assets
2,542,479
2,298,398
Called up share capital
104
104
Profit and loss account
2,542,375
2,298,294
Shareholders' funds
2,542,479
2,298,398
For the year ending 30 November 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 17 June 2025 and were signed on its behalf by
Daniel McKinnon
Director
Company Registration No. 05986158
Global Material Handling Ltd
Notes to the Accounts
for the year ended 30 November 2024
Global Material Handling Ltd is a private company, limited by shares, registered in England and Wales, registration number 05986158. The registered office is GLOBAL HOUSE UNITS 2&3, MILLFIELD BUSINESS PARK MILLFIELD LANE, ST HELENS, MERSEYSIDE, WA11 9UT.
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% Hire Fleet Reducing Balance and 25% on Plant & Machinery
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance and 10 years straight line on leasehold improvements
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 December 2023
1,008,420
326,095
195,368
1,529,883
Additions
235,078
20,000
13,825
268,903
Disposals
(53,246)
(56,359)
-
(109,605)
At 30 November 2024
1,190,252
289,736
209,193
1,689,181
At 1 December 2023
427,657
171,927
19,676
619,260
Charge for the year
129,796
39,132
20,494
189,422
On disposals
(12,545)
(48,826)
-
(61,371)
At 30 November 2024
544,908
162,233
40,170
747,311
At 30 November 2024
645,344
127,503
169,023
941,870
At 30 November 2023
580,763
154,168
175,692
910,623
Global Material Handling Ltd
Notes to the Accounts
for the year ended 30 November 2024
Amounts falling due within one year
Trade debtors
448,396
508,220
Amounts due from group undertakings etc.
3,643,300
1,593,112
Other debtors
25,409
71,424
6
Investments held as current assets
2024
2023
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
173,229
164,187
Obligations under finance leases and hire purchase contracts
373,048
281,822
Trade creditors
571,424
1,448,379
Taxes and social security
95,761
77,002
Other creditors
106,980
64,262
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
1,615,759
166,920
9
Average number of employees
During the year the average number of employees was 26 (2023: 26).