Company Registration No. 05986158 (England and Wales)
Global Material Handling Ltd
Unaudited accounts
for the year ended 30 November 2021
Global Material Handling Ltd
Unaudited accounts
Contents
Global Material Handling Ltd
Company Information
for the year ended 30 November 2021
Company Number
05986158 (England and Wales)
Registered Office
GLOBAL HOUSE UNITS 2&3
MILLFIELD BUSINESS PARK MILLFIELD LANE
ST HELENS
MERSEYSIDE
WA11 9UT
Global Material Handling Ltd
Statement of financial position
as at
30 November 2021
Tangible assets
579,047
607,733
Inventories
154,389
183,177
Debtors
2,123,731
2,159,757
Cash at bank and in hand
113,512
504,373
Creditors: amounts falling due within one year
(1,027,145)
(1,480,295)
Net current assets
1,364,490
1,367,015
Total assets less current liabilities
1,943,537
1,974,748
Creditors: amounts falling due after more than one year
(624,896)
(871,714)
Provisions for liabilities
Deferred tax
(110,019)
(113,998)
Net assets
1,208,622
989,036
Called up share capital
104
104
Profit and loss account
1,208,518
988,932
Shareholders' funds
1,208,622
989,036
For the year ending 30 November 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 May 2022 and were signed on its behalf by
Andrew Evans
Director
Company Registration No. 05986158
Global Material Handling Ltd
Notes to the Accounts
for the year ended 30 November 2021
Global Material Handling Ltd is a private company, limited by shares, registered in England and Wales, registration number 05986158. The registered office is GLOBAL HOUSE UNITS 2&3, MILLFIELD BUSINESS PARK MILLFIELD LANE, ST HELENS, MERSEYSIDE, WA11 9UT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Hire Fleet Reducing Balance and 25% on Plant & Machinery
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 December 2020
1,074,983
217,134
15,950
1,308,067
Additions
129,573
106,313
229
236,115
Disposals
(151,382)
(76,907)
-
(228,289)
At 30 November 2021
1,053,174
246,540
16,179
1,315,893
At 1 December 2020
544,771
143,060
12,503
700,334
Charge for the year
127,348
44,123
919
172,390
On disposals
(70,274)
(65,604)
-
(135,878)
At 30 November 2021
601,845
121,579
13,422
736,846
At 30 November 2021
451,329
124,961
2,757
579,047
At 30 November 2020
530,212
74,074
3,447
607,733
Global Material Handling Ltd
Notes to the Accounts
for the year ended 30 November 2021
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Plant & machinery
-
430,417
- Motor vehicles
-
65,226
5
Debtors: amounts falling due within one year
2021
2020
Trade debtors
498,410
502,992
Amounts due from group undertakings etc.
1,616,256
1,621,372
Other debtors
9,065
35,393
6
Investments held as current assets
2021
2020
7
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
101,374
135,077
Obligations under finance leases and hire purchase contracts
296,040
251,374
Trade creditors
461,834
734,970
Taxes and social security
53,218
235,312
Other creditors
44,009
122,861
Loans from directors
8,288
701
8
Creditors: amounts falling due after more than one year
2021
2020
Obligations under finance leases and hire purchase contracts
624,896
871,714
9
Average number of employees
During the year the average number of employees was 24 (2020: 24).