Company Registration No. 14563604 (England and Wales)
Global Herbs (Europe) Limited
Unaudited accounts
for the year ended 31 December 2024
Global Herbs (Europe) Limited
Unaudited accounts
Contents
Global Herbs (Europe) Limited
Company Information
for the year ended 31 December 2024
Company Number
14563604 (England and Wales)
Registered Office
Unit 10
Terminus Road
Chichester
West Sussex
PO19 8TX
England
Accountants
Weald Accounting Limited
87 Redwing Road
Clanfield
Waterlooville
Hampshire
PO8 0LX
Global Herbs (Europe) Limited
Statement of financial position
as at 31 December 2024
Tangible assets
69,926
72,895
Inventories
301,324
40,781
Cash at bank and in hand
30,678
94,042
Creditors: amounts falling due within one year
(251,710)
(219,025)
Net current assets
264,320
173,396
Total assets less current liabilities
334,246
246,291
Creditors: amounts falling due after more than one year
(16,145)
(37,857)
Net assets
318,101
208,434
Called up share capital
100
100
Profit and loss account
318,001
208,334
Shareholders' funds
318,101
208,434
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 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 22 September 2025 and were signed on its behalf by
Stephen Blamire
Director
Company Registration No. 14563604
Global Herbs (Europe) Limited
Notes to the Accounts
for the year ended 31 December 2024
Global Herbs (Europe) Limited is a private company, limited by shares, registered in England and Wales, registration number 14563604. The registered office is Unit 10, Terminus Road, Chichester, West Sussex, PO19 8TX, England.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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
15% straight line
Motor vehicles
25% straight line
Fixtures & fittings
25% straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Global Herbs (Europe) Limited
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2024
63,256
15,250
3,031
81,537
Additions
9,928
15,404
2,955
28,287
Disposals
-
(15,404)
-
(15,404)
At 31 December 2024
73,184
15,250
5,986
94,420
At 1 January 2024
4,475
3,495
672
8,642
Charge for the year
10,877
3,812
1,163
15,852
At 31 December 2024
15,352
7,307
1,835
24,494
At 31 December 2024
57,832
7,943
4,151
69,926
At 31 December 2023
58,781
11,755
2,359
72,895
Amounts falling due within one year
Trade debtors
130,623
81,722
Accrued income and prepayments
-
1,026
Other debtors
32,211
160,266
6
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
12,336
5,249
Trade creditors
63,945
61,940
Amounts owed to group undertakings and other participating interests
1,383
-
Taxes and social security
99,530
57,450
Loans from directors
28,319
94,386
Creditors includes £28,481 owed under finance agreements.
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
16,145
5,265
Global Herbs (Europe) Limited
Notes to the Accounts
for the year ended 31 December 2024
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loans
(94,486)
66,167
-
(28,319)
(94,486)
66,167
-
(28,319)
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Transactions with related parties
Loans to Companies under common control:
Blamire Investments Limited £27,382 (2023: NIL)
Loans from Companies under common control:
Weald Consulting Limited £3,465 (2023: £99,251)
Loan from Group Company:
Horse Straights Direct Limited £1,483 (2023: £50,000)
During the year the Company invoiced Horse Straights Direct £103,910 for stock
The Company is the wholly owned subsidiary of Equine Holdings Limited, a company incorporated in England & Wales
12
Average number of employees
During the year the average number of employees was 15 (2023: 10).