Company Registration No. 10596282 (England and Wales)
Global Southern Limited
Unaudited accounts
for the year ended 28 February 2022
Global Southern Limited
Unaudited accounts
Contents
Global Southern Limited
Company Information
for the year ended 28 February 2022
Directors
Joe Fidler
Ian Fidler
Company Number
10596282 (England and Wales)
Registered Office
123 Wey House
15 Church Street,
Weybridge
Surrey
KT13 8NA
United Kingdom
Accountants
Fordham Finance Group LTD
86-90 Paul Street
London
EC2A 4NE
Global Southern Limited
Statement of financial position
as at 28 February 2022
Tangible assets
150,461
103,148
Cash at bank and in hand
583
81,505
Creditors: amounts falling due within one year
(527,563)
(462,089)
Net current assets
16,976
119,382
Total assets less current liabilities
167,437
222,530
Creditors: amounts falling due after more than one year
(57,509)
(112,102)
Net assets
109,928
110,428
Called up share capital
2
2
Profit and loss account
109,926
110,426
Shareholders' funds
109,928
110,428
For the year ending 28 February 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 directors acknowledge their 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 of Directors and authorised for issue on 30 November 2022 and were signed on its behalf by
Joe Fidler
Director
Company Registration No. 10596282
Global Southern Limited
Notes to the Accounts
for the year ended 28 February 2022
Global Southern Limited is a private company, limited by shares, registered in England and Wales, registration number 10596282. The registered office is 123 Wey House , 15 Church Street, , Weybridge, Surrey, KT13 8NA, United Kingdom.
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.
These financial statements for the year ended 28 February 2022 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 29 February 2020.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2021
19,797
115,071
907
135,775
Additions
2,283
74,595
998
77,876
Disposals
-
(6,862)
-
(6,862)
At 28 February 2022
22,080
182,804
1,905
206,789
At 1 March 2021
11,312
21,183
132
32,627
Charge for the year
6,950
16,416
335
23,701
At 28 February 2022
18,262
37,599
467
56,328
At 28 February 2022
3,818
145,205
1,438
150,461
At 28 February 2021
8,485
93,888
775
103,148
Global Southern Limited
Notes to the Accounts
for the year ended 28 February 2022
Amounts falling due within one year
Trade debtors
245,119
211,162
Accrued income and prepayments
250,000
150,000
Other debtors
18,837
118,804
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
77,541
89,615
Trade creditors
59,691
64,131
Taxes and social security
480,534
345,525
Loans from directors
(193,434)
(37,182)
7
Creditors: amounts falling due after more than one year
2022
2021
Obligations under finance leases and hire purchase contracts
21,903
67,951
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Interest free and fully repayable on demand
37,182
85,761
58,685
64,257
Interest free and fully repayable on demand
100,008
301,046
271,878
129,176
137,190
386,807
330,563
193,433
9
Average number of employees
During the year the average number of employees was 3 (2021: 2).
