REGISTERED NUMBER: 07524896 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

Global Platforms Northern Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

T Gibbons

SECRETARY:

REGISTERED OFFICE:

Unit 10

Trident Business Park

Birchwood

Warrington

Cheshire

WA3 6AX

REGISTERED NUMBER:

07524896 (England and Wales)

ACCOUNTANTS:

Bob Jones & Associates Ltd

100 Liverpool Road

Cadishead

Manchester

Greater Manchester

M44 5AN

FIXED ASSETS

Tangible assets

4

1,338,735

1,472,450

CURRENT ASSETS

Stocks

90,967

90,967

Debtors

5

303,733

384,682

Cash at bank

403,632

289,357

798,332

765,006

CREDITORS

Amounts falling due within one year

6

773,624

962,117

NET CURRENT ASSETS/(LIABILITIES)

24,708

(197,111

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,363,443

1,275,339

CREDITORS

Amounts falling due after more than one year

7

(193,643

)

(131,731

)

PROVISIONS FOR LIABILITIES

(309,233

)

(358,649

)

NET ASSETS

860,567

784,959

CAPITAL AND RESERVES

Called up share capital

105

105

Retained earnings

9

860,462

784,854

SHAREHOLDERS' FUNDS

860,567

784,959

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 May 2025 and were signed by:

T Gibbons - Director

1.	STATUTORY INFORMATION

Global Platforms Northern Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

25% on cost

Plant and machinery

-

20% on reducing balance and 10% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2024 - 24 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

35,839

2,109,150

159,328

6,600

2,310,917

Additions

-

255,013

95,596

7,506

358,115

Disposals

-

(486,119

)

(14,000

)

-

(500,119

)

At 31 March 2025

35,839

1,878,044

240,924

14,106

2,168,913

DEPRECIATION

At 1 April 2024

35,839

711,386

86,421

4,821

838,467

Charge for year

-

115,103

12,924

558

128,585

Eliminated on disposal

-

(126,565

)

(10,309

)

-

(136,874

)

At 31 March 2025

35,839

699,924

89,036

5,379

830,178

NET BOOK VALUE

At 31 March 2025

-

1,178,120

151,888

8,727

1,338,735

At 31 March 2024

-

1,397,764

72,907

1,779

1,472,450

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

236,060

348,561

Other debtors

67,673

36,121

303,733

384,682

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts (see note 8)

13,334

25,528

Hire purchase contracts and finance leases

204,723

623,350

Trade creditors

445,309

234,779

Taxation and social security

91,414

68,203

Other creditors

18,844

10,257

773,624

962,117

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts and finance leases

193,643

131,731

8.

LOANS

An analysis of the maturity of loans is given below:

31.3.25

31.3.24

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

1,103

3,093

Bank loans

12,231

22,435

13,334

25,528

9.

RESERVES

Retained

earnings

£

At 1 April 2024

784,854

Profit for the year

231,467

Dividends

(155,859

)

At 31 March 2025

860,462