Global 4 Components Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 4292172

Global 4 Components Limited

Filleted Unaudited Financial Statements

28 February 2025

Global 4 Components Limited

Statement of Financial Position

28 February 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	6		164,264		208,379

Current assets

Stocks		74,983	104,421
Debtors	7	1,263,072	1,176,631
Cash at bank and in hand		310,939	714,421
		------------	------------
		1,648,994	1,995,473

Creditors: amounts falling due within one year	8	295,235		657,254
		------------		------------
Net current assets			1,353,759		1,338,219
			------------		------------
Total assets less current liabilities			1,518,023		1,546,598

Provisions

Taxation including deferred tax	6,257	17,166
	------------	------------
Net assets	1,511,766	1,529,432
	------------	------------

Capital and reserves

Called up share capital	9	10	10
Profit and loss account		1,511,756	1,529,422
		------------	------------
Shareholders funds		1,511,766	1,529,432
		------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Global 4 Components Limited

Statement of Financial Position (continued)

28 February 2025

These financial statements were approved by the board of directors and authorised for issue on 24 November 2025 , and are signed on behalf of the board by:

Mr I G Thirlwell
Director

Company registration number: 4292172

Global 4 Components Limited

Notes to the Financial Statements

Year ended 28 February 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 57-59 Witham, Hull, East Yorkshire, HU9 1BE.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less, or to receive more tax.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

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:

Plant and machinery	-	20% straight line
Motor vehicles	-	25% straight line

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.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 18 (2024: 18 ).

5. Tax on (loss)/profit

Major components of tax (income)/expense

	2025	2024
	£	£

Current tax:

UK current tax expense	877	106,609

Deferred tax:

Origination and reversal of timing differences	( 10,909)	3,108
	--------	---------
Tax on (loss)/profit	( 10,032)	109,717
	--------	---------

6. Tangible assets

	Plant and machinery	Motor vehicles	Total
	£	£	£
Cost
At 1 March 2024	73,692	333,792	407,484
Disposals	–	( 17,090)	( 17,090)
	--------	---------	---------
At 28 February 2025	73,692	316,702	390,394
	--------	---------	---------
Depreciation
At 1 March 2024	67,858	131,247	199,105
Charge for the year	1,092	43,023	44,115
Disposals	–	( 17,090)	( 17,090)
	--------	---------	---------
At 28 February 2025	68,950	157,180	226,130
	--------	---------	---------
Carrying amount
At 28 February 2025	4,742	159,522	164,264
	--------	---------	---------
At 29 February 2024	5,834	202,545	208,379
	--------	---------	---------

7. Debtors

	2025	2024
	£	£
Trade debtors	630,706	630,324
Prepayments and accrued income	17,594	23,353
Amounts owed by associated companies	614,772	522,954
	------------	------------
	1,263,072	1,176,631
	------------	------------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	–	200,000
Trade creditors	104,048	124,486
Accruals and deferred income	108,628	180,192
Corporation tax	877	74,340
Social security and other taxes	41,581	55,101
Amounts owed to associated companies	35,142	–
Other creditors	4,959	23,135
	---------	---------
	295,235	657,254
	---------	---------

The factoring account is secured on the trade debtors of the company.

9. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	10	10	10	10
	----	----	----	----

10. Director's advances, credits and guarantees

During the year there were no director's advances, credits and guarantees.

11. Controlling party

This company's ultimate parent company is Veradis Management Limited, by virtue of its 100% shareholding in this company.