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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
Page
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Global Material Handling Ltd Company Information for the year ended 30 November 2024
Director
Daniel McKinnon
Company Number
05986158 (England and Wales)
Registered Office
GLOBAL HOUSE UNITS 2&3 MILLFIELD BUSINESS PARK MILLFIELD LANE ST HELENS MERSEYSIDE WA11 9UT
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Global Material Handling Ltd Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
941,870 
910,623 
Current assets
Inventories
363,397 
244,090 
Debtors
4,117,105 
2,172,756 
Investments
3 
3 
Cash at bank and in hand
296,247 
1,395,960 
4,776,752 
3,812,809 
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 
Capital and reserves
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
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Global Material Handling Ltd Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
At 30 November 2024
645,344 
127,503 
169,023 
941,870 
At 30 November 2023
580,763 
154,168 
175,692 
910,623 
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Global Material Handling Ltd Notes to the Accounts for the year ended 30 November 2024
5
Debtors
2024 
2023 
£ 
£ 
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 
4,117,105 
2,172,756 
6
Investments held as current assets
2024 
2023 
£ 
£ 
Unlisted investments
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
173,229 
164,187 
VAT
56,093 
46,617 
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 
1,376,535 
2,082,269 
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).
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