Globe Consultants Limited - Accounts to registrar (filleted) - small 18.2

Globe Consultants Limited - Accounts to registrar (filleted) - small 18.2

GLOBE CONSULTANTS LIMITED - Company Information

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REGISTERED NUMBER: 05717085 (England and Wales)
















GLOBE CONSULTANTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019






GLOBE CONSULTANTS LIMITED (REGISTERED NUMBER: 05717085)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2019




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


GLOBE CONSULTANTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2019







DIRECTORS: P M Scrafton
J Rigby
Ms E F Spurr





REGISTERED OFFICE: The Tithe Barn
Greestone Place
Lincoln
Lincolnshire
LN2 1PP





REGISTERED NUMBER: 05717085 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
4 Henley Way
Doddington Road
Lincoln
Lincolnshire
LN6 3QR
Page 1
GLOBE CONSULTANTS LIMITED (REGISTERED NUMBER: 05717085)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,049 3,357
Investments 5 300 300
2,349 3,657

CURRENT ASSETS
Debtors 6 90,762 149,791
Cash at bank 88,552 80,296
179,314 230,087
CREDITORS
Amounts falling due within one year 7 49,664 89,513
NET CURRENT ASSETS 129,650 140,574
TOTAL ASSETS LESS CURRENT LIABILITIES 131,999 144,231

PROVISIONS FOR LIABILITIES 348 638
NET ASSETS 131,651 143,593

CAPITAL AND RESERVES
Called up share capital 8 294 294
Retained earnings 131,357 143,299
SHAREHOLDERS' FUNDS 131,651 143,593

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 notes form part of these financial statements

Page 2 continued...
GLOBE CONSULTANTS LIMITED (REGISTERED NUMBER: 05717085)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2019


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 24 April 2019 and were signed on its behalf by:




P M Scrafton - Director J Rigby - Director




Ms E F Spurr - Director


The notes form part of these financial statements

Page 3
GLOBE CONSULTANTS LIMITED (REGISTERED NUMBER: 05717085)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2019

1. STATUTORY INFORMATION

Globe Consultants 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Globe Consultants Limited as an individual company and
do not contain consolidated financial information as the parent of a group. The company is exempt under
Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial
statements.

Turnover
Turnover represents net invoiced sales of services, excluding 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 etc - 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different
from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and
laws that have been enacted or substantively enacted by the year end and that are expected to apply to the
reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that
they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Page 4 continued...
GLOBE CONSULTANTS LIMITED (REGISTERED NUMBER: 05717085)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2019

2. ACCOUNTING POLICIES - continued

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 6 (2018 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2018
and 31 March 2019 32,598
DEPRECIATION
At 1 April 2018 29,241
Charge for year 1,308
At 31 March 2019 30,549
NET BOOK VALUE
At 31 March 2019 2,049
At 31 March 2018 3,357

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2018
and 31 March 2019 300
NET BOOK VALUE
At 31 March 2019 300
At 31 March 2018 300

Page 5 continued...
GLOBE CONSULTANTS LIMITED (REGISTERED NUMBER: 05717085)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2019

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 55,013 144,881
Other debtors 35,749 4,910
90,762 149,791

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade creditors 11,608 19,850
Taxation and social security 32,799 58,724
Other creditors 5,257 10,939
49,664 89,513

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2019 2018
value: £    £   
294 Ordinary £1 294 294

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors have directors loan accounts totalling £7,735 in credit (2018: £35,823 in credit) brought forward.
During the year the directors of the company borrowed £107,059 (2018: £62,088) from the company and
repaid £68,000 (2018: £34,000). The balance at the end of the year totalled £31,324 overdrawn (2018: £7,735
in credit).

Page 6