Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 03680258 Mr Asher Solinsky Mr Asher Solinsky true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03680258 2023-12-31 03680258 2024-12-31 03680258 2024-01-01 2024-12-31 03680258 frs-core:CurrentFinancialInstruments 2024-12-31 03680258 frs-core:Non-currentFinancialInstruments 2024-12-31 03680258 frs-core:ComputerEquipment 2024-12-31 03680258 frs-core:ComputerEquipment 2024-01-01 2024-12-31 03680258 frs-core:ComputerEquipment 2023-12-31 03680258 frs-core:PlantMachinery 2024-12-31 03680258 frs-core:PlantMachinery 2024-01-01 2024-12-31 03680258 frs-core:PlantMachinery 2023-12-31 03680258 frs-core:ShareCapital 2024-12-31 03680258 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 03680258 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 03680258 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 03680258 frs-bus:SmallEntities 2024-01-01 2024-12-31 03680258 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 03680258 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 03680258 1 2024-01-01 2024-12-31 03680258 frs-bus:Director1 2024-01-01 2024-12-31 03680258 frs-countries:EnglandWales 2024-01-01 2024-12-31 03680258 2022-12-31 03680258 2023-12-31 03680258 2023-01-01 2023-12-31 03680258 frs-core:CurrentFinancialInstruments 2023-12-31 03680258 frs-core:Non-currentFinancialInstruments 2023-12-31 03680258 frs-core:ShareCapital 2023-12-31 03680258 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 03680258
GLOBALTOP SERVICES LTD
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03680258
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 5 750,887 750,887
750,887 750,887
CURRENT ASSETS
Debtors 6 145,590 163,593
Cash at bank and in hand 33,527 -
179,117 163,593
Creditors: Amounts Falling Due Within One Year 7 (870,051 ) (896,504 )
NET CURRENT ASSETS (LIABILITIES) (690,934 ) (732,911 )
TOTAL ASSETS LESS CURRENT LIABILITIES 59,953 17,976
Creditors: Amounts Falling Due After More Than One Year 8 (25,908 ) -
NET ASSETS 34,045 17,976
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 34,044 17,975
SHAREHOLDERS' FUNDS 34,045 17,976
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For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
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
Mr Asher Solinsky
Director
6th August 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
GLOBALTOP SERVICES LTD is a private company, limited by shares, incorporated in England & Wales, registered number 03680258 . The registered office is 81 Darenth Road, Stamford Hill, London, N16 6EB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Plant & Machinery 15% of Net Book Value
Computer Equipment 15% of Net Book Value
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. 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 year 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. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
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4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 67,059 1,500 68,559
As at 31 December 2024 67,059 1,500 68,559
Depreciation
As at 1 January 2024 67,059 1,500 68,559
As at 31 December 2024 67,059 1,500 68,559
Net Book Value
As at 31 December 2024 - - -
As at 1 January 2024 - - -
5. Investment Property
2024
£
Fair Value
As at 1 January 2024 and 31 December 2024 750,887
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 145,590 160,000
VAT - 3,593
145,590 163,593
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 56,547 -
Bank loans and overdrafts - 45,141
Corporation tax 868 -
Other creditors 790,766 829,493
Accruals and deferred income 370 370
Amounts owed to group undertakings 21,500 21,500
870,051 896,504
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 25,908 -
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9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
10. Ultimate Controlling Party
The company's ultimate controlling party is Mr Asher Solinsky by virtue of his ownership of 100% of the issued share capital in the company.
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