Company Registration No. SC473504 (Scotland)
Global Wire & Inspections Ltd
Unaudited accounts
for the year ended 31 March 2025
Global Wire & Inspections Ltd
Unaudited accounts
Contents
Global Wire & Inspections Ltd
Company Information
for the year ended 31 March 2025
Directors
Graeme Fyfe
Iona Fyfe
Neil Hay
Company Number
SC473504 (Scotland)
Registered Office
UNIT 3 CASTLE STREET
CASTLEPARK INDUSTRIAL ESTATE
ELLON
AB41 9RF
SCOTLAND
Global Wire & Inspections Ltd
Statement of financial position
as at 31 March 2025
Tangible assets
155,588
110,809
Cash at bank and in hand
399,888
224,692
Creditors: amounts falling due within one year
(385,489)
(230,476)
Net current assets
414,882
217,248
Total assets less current liabilities
570,470
328,057
Creditors: amounts falling due after more than one year
(23,526)
(24,665)
Net assets
546,944
303,392
Called up share capital
1
1
Profit and loss account
546,943
303,391
Shareholders' funds
546,944
303,392
For the year ending 31 March 2025 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 directors acknowledge their 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 of Directors and authorised for issue on 22 December 2025 and were signed on its behalf by
Graeme Fyfe
Director
Company Registration No. SC473504
Global Wire & Inspections Ltd
Notes to the Accounts
for the year ended 31 March 2025
Global Wire & Inspections Ltd is a private company, limited by shares, registered in Scotland, registration number SC473504. The registered office is UNIT 3 CASTLE STREET, CASTLEPARK INDUSTRIAL ESTATE, ELLON, AB41 9RF, SCOTLAND.
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.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2024
101,953
21,979
500
-
124,432
Additions
33,750
51,680
-
249
85,679
At 31 March 2025
135,703
73,659
500
249
210,111
At 1 April 2024
10,804
2,569
250
-
13,623
Charge for the year
29,232
11,536
125
7
40,900
At 31 March 2025
40,036
14,105
375
7
54,523
At 31 March 2025
95,667
59,554
125
242
155,588
At 31 March 2024
91,149
19,410
250
-
110,809
Amounts falling due within one year
Amounts falling due after more than one year
Global Wire & Inspections Ltd
Notes to the Accounts
for the year ended 31 March 2025
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
1,612
4,704
Trade creditors
222,618
183,342
Taxes and social security
88,006
43,177
Loans from directors
-
(747)
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
16,243
-
Loans from directors
342
-
8
Average number of employees
During the year the average number of employees was 3 (2024: 3).