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Company Registration No. 09406833 (England and Wales)
GLOBAL ALLIANCE ACADEMY LIMITED Unaudited accounts for the year ended 31 January 2023
GLOBAL ALLIANCE ACADEMY LIMITED Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
270 
1,001 
Current assets
Debtors
2,979 
2,797 
Cash at bank and in hand
3,721 
3,980 
6,700 
6,777 
Creditors: amounts falling due within one year
(8,456)
(7,225)
Net current liabilities
(1,756)
(448)
Total assets less current liabilities
(1,486)
553 
Creditors: amounts falling due after more than one year
(11,125)
(12,625)
Net liabilities
(12,611)
(12,072)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(12,612)
(12,073)
Shareholders' funds
(12,611)
(12,072)
For the year ending 31 January 2023 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 20 October 2023 and were signed on its behalf by
Abdul Rehman Tanveer Director Company Registration No. 09406833
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GLOBAL ALLIANCE ACADEMY LIMITED Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
GLOBAL ALLIANCE ACADEMY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09406833. The registered office is 256-262, Suite 51, 5th Floor, Romford Road, London, E7 9HZ, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
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:
Fixtures & fittings
25% straight line
Computer equipment
25% straight line
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2022
2,406 
519 
2,925 
At 31 January 2023
2,406 
519 
2,925 
Depreciation
At 1 February 2022
1,554 
370 
1,924 
Charge for the year
601 
130 
731 
At 31 January 2023
2,155 
500 
2,655 
Net book value
At 31 January 2023
251 
19 
270 
At 31 January 2022
852 
149 
1,001 
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GLOBAL ALLIANCE ACADEMY LIMITED Notes to the Accounts for the year ended 31 January 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,450 
2,797 
Other debtors
529 
- 
2,979 
2,797 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
1,500 
1,500 
Taxes and social security
- 
1,663 
Other creditors
5,236 
3,012 
Loans from directors
1,070 
550 
Accruals
650 
500 
8,456 
7,225 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
11,125 
12,625 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Controlling party
Abdul Rehman Tanveer is the ultimate controlling party by virtue of 100% shareholdings in the company.
10
Average number of employees
During the year the average number of employees was 2 (2022: 3).
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