Global Secure Accreditation Limited
|
Registered Number
:
11537326
|
For the year ended 31 August 2020
England and Wales
Unaudited Financial Statements
For the year ended 31 August 2020
Global Secure Accreditation Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Global Secure Accreditation Limited
Statement of Financial Position
2019
2020
Property
,
plant and equipment
|
1,732
1,096
1,732
1,096
Trade and other receivables
|
66,017
27,410
2
204,562
Cash and cash equivalents
|
229,959
257,369
270,579
Trade and other payables
:
amounts falling due within one
|
year
|
(47,741)
(45,507)
3
222,838
211,862
Net current assets
Total assets less current liabilities
|
213,594
223,934
Trade and other payables
:
amounts falling due after more
|
than one year
|
-
(80,750)
4
(329)
-
Provisions for liabilities
|
132,515
Net assets
223,934
1,427
1,044
646,578
489,800
(515,490)
(266,910)
132,515
223,934
Shareholders' funds
For the year ended 31 August 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 of its financial statements for the year ended 31 August 2020 in accordance with Section 476 of the Companies Act 2006
|
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
|
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
These financial statements were approved and authorised for issue by the Board on 30 November 2020 and were signed by:
|
1 of 4
For the year ended 31 August 2020
Global Secure Accreditation Limited
Statement of Financial Position Continued
The notes form part of these financial statements
|
2 of 4
For the year ended 31 August 2020
Global Secure Accreditation Limited
Notes to the Financial Statements
Statutory Information
Global Secure Accreditation Limited is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
|
registration number
11537326
.
|
2nd Floor One Croydon
12-16 Addiscombe Road
Croydon
CR0 0XT
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A 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 costs convention as
|
modified by the revaluation of certain assets
.
|
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Computer Equipment
2
.
Trade and other receivables
|
2019
2020
1,472
8,641
Called up share capital not paid
|
664
664
Prepayments and accrued income
|
4,628
7,050
Taxation and social security
|
17,996
46,437
2,650
3,225
66,017
27,410
3 of 4
For the year ended 31 August 2020
Global Secure Accreditation Limited
Notes to the Financial Statements Continued
3
.
Trade and other payables
:
amounts falling due within one year
|
2019
2020
4,495
-
23,509
39,542
Taxation and social security
|
382
860
Accruals and deferred income
|
16,952
7,149
Directors
'
loan accounts
|
27
4
142
186
45,507
47,741
4
.
Trade and other payables
:
amounts falling due after more than one year
|
2019
2020
80,750
-
In May 2020 the company took out a CBILS loan through HSBC for £85,000, repayments do not start till May 2021 and the loan is repayable over 5 years. Amounts are repayable as follows;Repayable between 2-5 years: £68,000Repayable more than 5 years £12,750
|
5
.
Related party transactions
|
During the year the company paid £
21
,
250
(
2019
:
£
24
,
598
)
to Bluelight Global Solutions Ltd for consultancy
|
services
,
a company in which R Quick is a director
.
|
In the year ending
31
August
2020
,
the company was under no overall control
.
|
6
.
Guarantees and other financial commitments
|
Guarantees and contingent assets and liabilities
|
The company has signed an agreement with an assoicated company Bluelight Global Solutions Ltd for the
|
assignment of Intellectual Property Rights with the transfer of all materials used in the offering of services provided
|
by the Global Secure Accreditation Limited business
.
Global Secure Accreditation Ltd have agreed that they will
|
make a conditional payment of £
248
,
533
to Bluelight Global Solutions Ltd in accordance with the payment terms
|
set out in the agreement
.
It is considered that there is no current obiligation to make this payment and the
|
probability of the conditons being met at present is considered less than likely
,
therefore no provision has been
|
made in these accounts for this liability
.
|
7
.
Average number of persons employed
|
During the year the average number of employees was 2 (2019 : 1)
4 of 4