Global Payments Consulting Services Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 12932304 (England and Wales)

GLOBAL PAYMENTS CONSULTING SERVICES

LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2025

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

R J Saunders

Mrs H E Saunders

REGISTERED OFFICE:

20 Eversley Road

Bexhill-on-Sea

East Sussex

TN40 1HE

REGISTERED NUMBER:

12932304 (England and Wales)

ACCOUNTANTS:

Gibbons Mannington & Phipps LLP

Chartered Accountants

20 Eversley Road

Bexhill-on-Sea

East Sussex

TN40 1HE

FIXED ASSETS

Tangible assets

4

28,634

24,739

CURRENT ASSETS

Debtors

5

59,136

83,483

Cash at bank

50,395

35,587

109,531

119,070

CREDITORS

Amounts falling due within one year

6

14,067

56,444

NET CURRENT ASSETS

95,464

62,626

TOTAL ASSETS LESS CURRENT
LIABILITIES

124,098

87,365

CREDITORS

Amounts falling due after more than
one year

7

27,465

-

NET ASSETS

96,633

87,365

CAPITAL AND RESERVES

Called up share capital

9

100

Retained earnings

96,533

87,265

SHAREHOLDERS' FUNDS

96,633

87,365

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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 31st July 2026 and were signed on its behalf by:

R J Saunders - Director

1.	STATUTORY INFORMATION

Global Payments Consulting Services Limited 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 the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1st November 2024

74,377

5,603

79,980

Additions

37,000

466

37,466

Disposals

(74,377

)

-

(74,377

)

At 31st October 2025

37,000

6,069

43,069

DEPRECIATION

At 1st November 2024

50,844

4,397

55,241

Charge for year

9,250

788

10,038

Eliminated on disposal

(50,844

)

-

(50,844

)

At 31st October 2025

9,250

5,185

14,435

NET BOOK VALUE

At 31st October 2025

27,750

884

28,634

At 31st October 2024

23,533

1,206

24,739

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1st November 2024

74,377

Additions

37,000

Disposals

(74,377

)

At 31st October 2025

37,000

DEPRECIATION

At 1st November 2024

50,844

Charge for year

9,250

Eliminated on disposal

(50,844

)

At 31st October 2025

9,250

NET BOOK VALUE

At 31st October 2025

27,750

At 31st October 2024

23,533

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

1,800

10,680

Other debtors

57,336

72,803

59,136

83,483

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Hire purchase contracts

4,535

36,193

Taxation and social security

7,282

17,280

Other creditors

2,250

2,971

14,067

56,444

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Hire purchase contracts

27,465

-

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Hire purchase contracts

32,000

36,193

The above liability is secured against the asset to which it relates.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

50

Ordinary A

£1

50

Ordinary B

£1

50

100

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31st October 2025 and the period ended 31st October 2024:

2025

2024

£

R J Saunders

Balance outstanding at start of year

62,328

76,388

Amounts repaid

(8,773

)

(14,060

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

53,555

62,328

Interest has been charged at the official rate of 2.25%.