Company registration number 02944884 (England and Wales)
GLOBAL1PARTNERS LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
PAGES FOR FILING WITH REGISTRAR
GLOBAL1PARTNERS LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
GLOBAL1PARTNERS LTD
BALANCE SHEET
AS AT
31 OCTOBER 2025
31 October 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
48,744
46,768
Current assets
Stocks
311,466
519,966
Debtors
5
985,204
712,358
Cash at bank and in hand
1,443,624
1,468,807
2,740,294
2,701,131
Creditors: amounts falling due within one year
6
(1,144,220)
(997,224)
Net current assets
1,596,074
1,703,907
Total assets less current liabilities
1,644,818
1,750,675
Provisions for liabilities
(3,081)
(10,204)
Net assets
1,641,737
1,740,471
Capital and reserves
Called up share capital
68,000
68,000
Profit and loss reserves
1,573,737
1,672,471
Total equity
1,641,737
1,740,471

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 21 May 2026
H M Roberts
Director
Company registration number 02944884 (England and Wales)
GLOBAL1PARTNERS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
- 2 -
1
Accounting policies
Company information

Global1Partners Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 2 Old Field Road, Bridgend, CF35 5LJ.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on the historical cost basis.

1.2
Going concern

A true t the time of approving the financial statements, t he director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover from the sale of lift equipment is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Turnover is recognised net of Value Added Tax and trade discounts.

1.4
Tangible fixed assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold land and buildings
over the term of the lease
Fixtures and fittings
15% reducing balance
Equipment
20% straight line
Motor vehicles
25% straight line
1.5
Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits 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.

GLOBAL1PARTNERS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
1
Accounting policies
(Continued)
- 3 -
1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.8
Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

1.9
Retirement benefits

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

GLOBAL1PARTNERS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
- 4 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
19
19
4
Tangible fixed assets
Leasehold land and buildings
Fixtures and fittings
Equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 November 2024
33,029
10,973
73,114
12,345
129,461
Additions
-
0
1,410
15,411
-
0
16,821
At 31 October 2025
33,029
12,383
88,525
12,345
146,282
Depreciation and impairment
At 1 November 2024
20,725
2,367
47,256
12,345
82,693
Depreciation charged in the year
4,522
1,326
8,997
-
0
14,845
At 31 October 2025
25,247
3,693
56,253
12,345
97,538
Carrying amount
At 31 October 2025
7,782
8,690
32,272
-
0
48,744
At 31 October 2024
12,304
8,606
25,858
-
0
46,768
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
946,646
654,878
Amounts owed by group undertakings
8,894
5,893
Other debtors
29,664
51,587
985,204
712,358
GLOBAL1PARTNERS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
- 5 -
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
-
0
17
Trade creditors
619,263
491,479
Corporation tax
101,572
131,631
Other taxation and social security
274,899
231,477
Other creditors
148,486
142,620
1,144,220
997,224
7
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 October 2025 and of its profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Senior Statutory Auditor:
Tania Cregg FCCA
Statutory Auditor:
Xeinadin Audit Limited
Date of audit report:
27 May 2026
8
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total commitments
136,487
186,720

Operating leases due within one year are £74,976 (2024: £69,174). The amount due between 2 and 5 years is £61,511 (2024: £117,546).

9
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

GLOBAL1PARTNERS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
9
Related party transactions
(Continued)
- 6 -

Tecnolama S.A.

During the year the company made purchases of £1,301,568 (202 4: £1,390,081) from Tecnolama S.A.. At the financial year end, the company owed £259,970 (202 4: £167,916) to Tecnolama S.A..

ETS Henri Peignen S.A.

During the year the company made purchases of £1,110,500 (202 4: £1,183,52 1) from ETS Henri Peignen S.A.. At the financial year end, the company owed £228,950 (202 4: £182,036) to ETS Henri Peignen S.A..

Other parties

During the year, the company entered into transactions with other related parties in the normal course of business. Revenue (sales) from related parties amounted to £32,431, while purchases totalled £30,137.

Also during the year dividends of £729,337 (2024: £431,034) were paid to Gleh Limited, the parent of Global1Partners Ltd.

At the year end, amounts receivable from related parties were £13,669 and amounts payable were £4,128.

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