REGISTERED NUMBER: 10276684 (England and Wales)

Financial Statements

for the Year Ended 31 July 2025

for

GLOBEPACK EQUIPMENT LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr L J T Angel

REGISTERED OFFICE:

10 Galton Way

Warfield

Bracknell

Berkshire

RG42 4GS

REGISTERED NUMBER:

10276684 (England and Wales)

ACCOUNTANTS:

JLA Accountants

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

FIXED ASSETS

Tangible assets

4

10,680

13,146

CURRENT ASSETS

Stocks

447,201

300,012

Debtors

5

488,910

632,150

Cash at bank and in hand

2,434

7,145

938,545

939,307

CREDITORS

Amounts falling due within one year

6

735,068

738,424

NET CURRENT ASSETS

203,477

200,883

TOTAL ASSETS LESS CURRENT LIABILITIES

214,157

214,029

CAPITAL AND RESERVES

Called up share capital

8

102

102

Retained earnings

214,055

213,927

SHAREHOLDERS' FUNDS

214,157

214,029

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 29 April 2026 and were signed by:

Mr L J T Angel - Director

1.	STATUTORY INFORMATION

Globepack Equipment 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Fixtures and fittings

-

25% on cost

Motor vehicles

-

20% on reducing balance

Computer equipment

-

25% on cost

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 9 (2024 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 August 2024

4,445

17,000

1,224

22,669

Additions

-

-

1,505

1,505

At 31 July 2025

4,445

17,000

2,729

24,174

DEPRECIATION

At 1 August 2024

2,865

6,120

538

9,523

Charge for year

1,112

2,176

683

3,971

At 31 July 2025

3,977

8,296

1,221

13,494

NET BOOK VALUE

At 31 July 2025

468

8,704

1,508

10,680

At 31 July 2024

1,580

10,880

686

13,146

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Trade debtors

154,288

289,188

Amounts owed by group undertakings

163,625

221,324

Other debtors

95,220

97,236

VAT

-

10,905

Prepayments and accrued income

75,777

13,497

488,910

632,150

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Bank loans and overdrafts (see note 7)

31,796

60,007

Trade creditors

158,984

175,626

Tax

29,551

29,812

Social security and other taxes

17,390

17,837

VAT

9,528

-

Other creditors

485,861

453,183

Directors' current accounts

-

1

Accruals and deferred income

1,958

1,958

735,068

738,424

7.

LOANS

An analysis of the maturity of loans is given below:

31.7.25

31.7.24

£

£

Amounts falling due within one year or on demand:

Bank loans

31,796

60,007

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.25

31.7.24

value:

£

£

100

Ordinary

£1

100

100

1

A Class Ordinary

£1

1

1

1

B Class Ordinary

£1

1

1

102

102

9.	RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed £163,625 (2024: £221,324) by Angel Investment Group Limited, a company related by virtue of the fact that it is under common control.