ACCOUNTS - Final Accounts preparation

Registered number: 12366523

STANDARD GLOBAL LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

STANDARD GLOBAL LIMITED

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF STANDARD GLOBAL LIMITED
FOR THE YEAR ENDED 31 DECEMBER 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Standard Global Limited for the year ended 31 December 2024 which comprise the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of Standard Global Limited in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Standard Global Limited and state those matters that we have agreed to state to the director of Standard Global Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Standard Global Limited and its director for our work or for this report.

It is your duty to ensure that Standard Global Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Standard Global Limited. You consider that Standard Global Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Standard Global Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Nyman Libson Paul LLP

124 Finchley Road

London

NW3 5JS

24 September 2025

Page 1

STANDARD GLOBAL LIMITED

REGISTERED NUMBER: 12366523

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Tangible assets	4		10,929		16,191
			10,929		16,191
Current assets
Debtors: amounts falling due within one year	5	404,764		144,703
Cash at bank and in hand		323,499		943,055
		728,263		1,087,758
Creditors: amounts falling due within one year	6	(549,344)		(767,386)
Net current assets			178,919		320,372
Total assets less current liabilities			189,848		336,563

Net assets			189,848		336,563

Capital and reserves
Called up share capital	7	1	1
Profit and loss account		189,847	336,562
		189,848	336,563

Page 2

STANDARD GLOBAL LIMITED

REGISTERED NUMBER: 12366523

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2024

The director considers 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 director acknowledges his 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.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 September 2025.

Nigel John Oakes

Director

The notes on pages 4 to 7 form part of these financial statements.

Page 3

STANDARD GLOBAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Standard Global Limited is a private company limited by shares and registered in England and Wales. Its registered office is 124 Finchley Road, London, England, NW3 5JS.

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

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

2.3

Revenue

Revenue is recognised at the fair value of the consideration receivable for services provided in the normal course of business and is shown net of VAT.

2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 4

STANDARD GLOBAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.5

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 reporting date in the countries where the company operates and generates income.

2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment

3 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment.

2.8

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposit held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

2.9

Creditors

Short-term creditors are measured at the transaction price.

2.10

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Page 5

STANDARD GLOBAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

4.	Tangible fixed assets

		Office equipment
		£
	Cost or valuation
	At 1 January 2024	30,852
	Additions	5,892
	At 31 December 2024	36,744
	Depreciation
	At 1 January 2024	14,661
	Charge for the year on owned assets	11,154
	At 31 December 2024	25,815
	Net book value
	At 31 December 2024	10,929
	At 31 December 2023	16,191

Page 6

STANDARD GLOBAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Debtors

					2024	2023
					£	£


Trade debtors	277,134	-
Other debtors	112,590	62,786
Prepayments and accrued income	15,040	81,917
	404,764	144,703

6.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Trade creditors	377,119	2,890
Corporation tax	-	10,758
Other taxation and social security	2,406	1,220
Other creditors	153,819	406,430
Accruals and deferred income	16,000	346,088
	549,344	767,386

7.	Share capital
		2024	2023
		£	£

Allotted, called up and fully paid

1 Ordinary share of £1.00	1	1

Related party transactions

At the reporting date the company owed nil (2023: £292,650) to its director, Nigel Oakes. This amount is unsecured, not subject to interest and is repayable on demand.
During the year the company made purchases totalling £696,667 (2023: £606,667) from SCL Insight Limited, a company of which Nigel Oakes is a Director. £523,307 (2023: £438,326) was owed to SCL Insight Limited at the reporting date.

9.	Controlling party

The company is controlled by its director.

Page 7