Company Registration No. 05986158 (England and Wales)
Global Material Handling Ltd
Unaudited accounts
for the year ended 30 November 2020
Global Material Handling Ltd
Unaudited accounts
Contents
Global Material Handling Ltd
Company Information
for the year ended 30 November 2020
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 2020
Tangible assets
607,733
679,241
Inventories
183,177
313,367
Debtors
2,159,757
2,085,335
Cash at bank and in hand
504,373
386,491
Creditors: amounts falling due within one year
(1,480,295)
(1,600,883)
Net current assets
1,367,015
1,184,313
Total assets less current liabilities
1,974,748
1,863,554
Creditors: amounts falling due after more than one year
(871,714)
(960,646)
Provisions for liabilities
Deferred tax
(113,998)
(119,184)
Net assets
989,036
783,724
Called up share capital
104
104
Profit and loss account
988,932
783,620
Shareholders' funds
989,036
783,724
For the year ending 30 November 2020 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 8 June 2021 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 2020
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 2019
1,104,680
185,899
15,950
1,306,529
Additions
136,486
31,235
-
167,721
Disposals
(166,183)
-
-
(166,183)
At 30 November 2020
1,074,983
217,134
15,950
1,308,067
At 1 December 2019
497,566
118,368
11,354
627,288
Charge for the year
144,153
24,692
1,149
169,994
On disposals
(96,948)
-
-
(96,948)
At 30 November 2020
544,771
143,060
12,503
700,334
At 30 November 2020
530,212
74,074
3,447
607,733
At 30 November 2019
607,114
67,531
4,596
679,241
Global Material Handling Ltd
Notes to the Accounts
for the year ended 30 November 2020
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Plant & machinery
430,417
498,613
- Motor vehicles
65,226
55,733
5
Debtors: amounts falling due within one year
2020
2019
Trade debtors
502,992
427,584
Amounts due from group undertakings etc.
1,621,372
1,634,380
Other debtors
35,393
23,371
6
Investments held as current assets
2020
2019
7
Creditors: amounts falling due within one year
2020
2019
Bank loans and overdrafts
135,077
191,524
Obligations under finance leases and hire purchase contracts
251,374
286,622
Trade creditors
734,970
978,092
Taxes and social security
235,312
77,166
Other creditors
122,861
60,620
Loans from directors
701
6,859
8
Creditors: amounts falling due after more than one year
2020
2019
Obligations under finance leases and hire purchase contracts
871,714
960,646
9
Average number of employees
During the year the average number of employees was 24 (2019: 23).