Company Registration No. 05986158 (England and Wales)
Global Material Handling Ltd
Unaudited accounts
for the year ended 30 November 2022
Global Material Handling Ltd
Unaudited accounts
Contents
Global Material Handling Ltd
Company Information
for the year ended 30 November 2022
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 2022
Tangible assets
629,905
579,047
Inventories
450,113
154,389
Debtors
2,555,250
2,123,731
Cash at bank and in hand
1,128,168
113,512
Creditors: amounts falling due within one year
(2,355,813)
(1,027,145)
Net current assets
1,777,721
1,364,490
Total assets less current liabilities
2,407,626
1,943,537
Creditors: amounts falling due after more than one year
(336,421)
(624,896)
Provisions for liabilities
Deferred tax
(119,682)
(110,019)
Net assets
1,951,523
1,208,622
Called up share capital
104
104
Profit and loss account
1,951,419
1,208,518
Shareholders' funds
1,951,523
1,208,622
For the year ending 30 November 2022 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 2 March 2023 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 2022
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 2021
1,053,174
246,540
16,179
1,315,893
Additions
198,680
50,971
290
249,941
Disposals
(141,700)
(13,308)
-
(155,008)
At 30 November 2022
1,110,154
284,203
16,469
1,410,826
At 1 December 2021
601,845
121,579
13,422
736,846
Charge for the year
99,595
35,185
695
135,475
On disposals
(80,082)
(11,318)
-
(91,400)
At 30 November 2022
621,358
145,446
14,117
780,921
At 30 November 2022
488,796
138,757
2,352
629,905
At 30 November 2021
451,329
124,961
2,757
579,047
Global Material Handling Ltd
Notes to the Accounts
for the year ended 30 November 2022
Amounts falling due within one year
Trade debtors
939,491
498,410
Amounts due from group undertakings etc.
1,606,483
1,616,256
6
Investments held as current assets
2022
2021
7
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
111,374
101,374
Obligations under finance leases and hire purchase contracts
310,899
296,040
Trade creditors
1,532,826
461,834
Taxes and social security
185,381
53,218
Other creditors
143,724
44,009
Loans from directors
275
8,288
8
Creditors: amounts falling due after more than one year
2022
2021
Obligations under finance leases and hire purchase contracts
336,421
624,896
9
Average number of employees
During the year the average number of employees was 24 (2021: 24).