REGISTERED NUMBER: 04701546 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

GLOBALTOPZ UK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr A Brouwers

SECRETARY:

Mr A Brouwers

REGISTERED OFFICE:

Unit 28

28 Upper Bourne End Lane

Bourne End Mills Ind Estate

Hemel Hempstead

Hertfordshire

HP1 2UJ

REGISTERED NUMBER:

04701546 (England and Wales)

ACCOUNTANTS:

Meades Group Limited

39 The Metro Centre

Tolpits Lane

WATFORD

Hertfordshire

WD18 9SB

FIXED ASSETS

Tangible assets

4

43,133

43,303

CURRENT ASSETS

Stocks

7,601

20,109

Debtors

5

199,888

169,628

Cash at bank

21,721

144,771

229,210

334,508

CREDITORS

Amounts falling due within one year

6

117,292

168,089

NET CURRENT ASSETS

111,918

166,419

TOTAL ASSETS LESS CURRENT LIABILITIES

155,051

209,722

PROVISIONS FOR LIABILITIES

2,845

1,556

NET ASSETS

152,206

208,166

CAPITAL AND RESERVES

Called up share capital

42

40

Share premium

4,798

-

Retained earnings

147,366

208,126

SHAREHOLDERS' FUNDS

152,206

208,166

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 14th November 2025 and were signed by:

Mr A Brouwers - Director

1.	STATUTORY INFORMATION

Globaltopz Uk 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.

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 represents amounts receivable for the supply and installation of worktops, net of value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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 8 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1st April 2024

61,983

39,400

141,936

12,007

255,326

Additions

1,187

510

8,455

1,635

11,787

At 31st March 2025

63,170

39,910

150,391

13,642

267,113

DEPRECIATION

At 1st April 2024

55,067

35,394

117,958

3,604

212,023

Charge for year

1,897

1,130

6,875

2,055

11,957

At 31st March 2025

56,964

36,524

124,833

5,659

223,980

NET BOOK VALUE

At 31st March 2025

6,206

3,386

25,558

7,983

43,133

At 31st March 2024

6,916

4,006

23,978

8,403

43,303

5.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

50,536

108,211

Loan

8,400

-

Staff loans

4,389

38,621

Director's current account

-

16,000

Prepayments and accrued income

4,963

6,796

68,288

169,628

Amounts falling due after more than one year:

Loan

131,600

-

Aggregate amounts

199,888

169,628

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

71,624

86,548

Corporation tax

8,937

33,509

Social security and other taxes

1,478

5,149

VAT

11,102

19,378

Credit card balance

2,981

8,165

CIS deductions

1,147

2,166

Pension contributions payable

1,186

2,057

Director's current account

104

-

Accrued expenses

18,733

11,117

117,292

168,089

7.	LEASING AGREEMENTS

As at the balance sheet date, the company had commitments under non-cancellable operating leases, not provided for in the financial statements, totalling £Nil (2024 - £1,742).

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2025 and 31st March 2024:

2025

2024

£

£

Mr A Brouwers

Balance outstanding at start of year

16,000

1,272

Amounts advanced

-

16,000

Amounts repaid

(16,000

)

(1,272

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

16,000

9.	RELATED PARTY DISCLOSURES

The directors' current account balances included within creditors of £104 (2024 - included within debtors £16,000) have no fixed date for repayment, are repayable upon demand and are non-interest bearing.

As at 31 March 2025 inluded in other debtors is £140,000 (2024 - £Nil) which is owed from a company connected by the director. The loan is repayable on demand and includes a 6% interest charge p.a.