Company Registration No. 03375393 (England and Wales)
GLOBALIS LIMITED
Unaudited accounts
for the year ended 30 September 2021
GLOBALIS LIMITED
Unaudited accounts
Contents
GLOBALIS LIMITED
Company Information
for the year ended 30 September 2021
Company Number
03375393 (England and Wales)
Registered Office
72A SUTHERLAND AVENUE
WESTERHAM
KENT
TN16 3HG
Accountants
Richard McIntosh
101 Rose Street South Lane
Edinburgh
EH2 3JG
GLOBALIS LIMITED
Statement of financial position
as at
30 September 2021
Tangible assets
11,184
14,060
Cash at bank and in hand
98
274
Creditors: amounts falling due within one year
(65,109)
(63,091)
Net current liabilities
(65,011)
(62,817)
Net liabilities
(53,827)
(48,757)
Called up share capital
100
100
Profit and loss account
(53,927)
(48,857)
Shareholders' funds
(53,827)
(48,757)
For the year ending 30 September 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 30 May 2022 and were signed on its behalf by
Kenneth Lipton
Director
Company Registration No. 03375393
GLOBALIS LIMITED
Notes to the Accounts
for the year ended 30 September 2021
GLOBALIS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 03375393. The registered office is 72A SUTHERLAND AVENUE, WESTERHAM, KENT, TN16 3HG.
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:
Land & buildings
5% Straight line and fully depreciated in the year
Fixtures & fittings
25% Straight line
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 October 2020
58,163
996
59,159
At 30 September 2021
58,163
996
59,159
At 1 October 2020
44,071
1,028
45,099
Charge for the year
2,908
(32)
2,876
At 30 September 2021
46,979
996
47,975
At 30 September 2021
11,184
-
11,184
At 30 September 2020
14,092
(32)
14,060
GLOBALIS LIMITED
Notes to the Accounts
for the year ended 30 September 2021
5
Creditors: amounts falling due within one year
2021
2020
Taxes and social security
-
(555)
Loans from directors
64,990
63,556
6
Average number of employees
During the year the average number of employees was 2 (2020: 2).