Company Registration No. 11399473 (England and Wales)
GLOBEPAY LIMITED
Unaudited accounts
for the year ended 30 June 2025
GLOBEPAY LIMITED
Unaudited accounts
Contents
GLOBEPAY LIMITED
Company Information
for the year ended 30 June 2025
Directors
Xuejiao Hu
Jingmin Yan
Company Number
11399473 (England and Wales)
Registered Office
23 Franklin Building
10 Westferry Road
London
E14 8LS
United Kingdom
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
GLOBEPAY LIMITED
for the year ended 30 June 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
GLOBEPAY LIMITED for the year ended
30 June 2025 as set out on pages
5 -
7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
Chartered Certified Accountants
22 September 2025
GLOBEPAY LIMITED
Statement of financial position
as at 30 June 2025
Intangible assets
587,631
538,329
Tangible assets
3,955
5,803
Cash at bank and in hand
1,670,076
1,831,377
Creditors: amounts falling due within one year
(1,429,616)
(1,532,945)
Net current assets
284,149
312,968
Net assets
875,735
857,100
Called up share capital
76,600
76,600
Capital redemption reserve
(237,285)
(6,820)
Profit and loss account
1,036,420
787,320
Shareholders' funds
875,735
857,100
For the year ending 30 June 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 September 2025 and were signed on its behalf by
Xuejiao Hu
Director
Company Registration No. 11399473
GLOBEPAY LIMITED
Notes to the Accounts
for the year ended 30 June 2025
GLOBEPAY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11399473. The registered office is 23 Franklin Building, 10 Westferry Road, London, E14 8LS, United Kingdom.
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.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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:
4
Intangible fixed assets
Other
Charge for the year
65,948
GLOBEPAY LIMITED
Notes to the Accounts
for the year ended 30 June 2025
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2024
5,994
1,022
10,098
17,114
Additions
922
-
1,197
2,119
At 30 June 2025
6,916
1,022
11,295
19,233
At 1 July 2024
4,575
100
6,636
11,311
Charge for the year
1,498
103
2,366
3,967
At 30 June 2025
6,073
203
9,002
15,278
At 30 June 2025
843
819
2,293
3,955
At 30 June 2024
1,419
922
3,462
5,803
Amounts falling due within one year
Accrued income and prepayments
16,922
9,348
Other debtors
26,593
4,350
7
Creditors: amounts falling due within one year
2025
2024
Trade creditors
69,549
90,145
Taxes and social security
48,445
74,222
Other creditors
1,311,315
1,366,728
8
Average number of employees
During the year the average number of employees was 5 (2024: 5).