IRIS Accounts Production v23.1.5.20 10951209 director 1.9.22 31.8.23 31.8.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh109512092022-08-31109512092023-08-31109512092022-09-012023-08-31109512092021-08-31109512092021-09-012022-08-31109512092022-08-3110951209ns15:EnglandWales2022-09-012023-08-3110951209ns14:PoundSterling2022-09-012023-08-3110951209ns10:Director12022-09-012023-08-3110951209ns10:PrivateLimitedCompanyLtd2022-09-012023-08-3110951209ns10:SmallEntities2022-09-012023-08-3110951209ns10:AuditExempt-NoAccountantsReport2022-09-012023-08-3110951209ns10:SmallCompaniesRegimeForDirectorsReport2022-09-012023-08-3110951209ns10:SmallCompaniesRegimeForAccounts2022-09-012023-08-3110951209ns10:FullAccounts2022-09-012023-08-3110951209ns10:OrdinaryShareClass12022-09-012023-08-3110951209ns10:RegisteredOffice2022-09-012023-08-3110951209ns5:CurrentFinancialInstruments2023-08-3110951209ns5:CurrentFinancialInstruments2022-08-3110951209ns5:Non-currentFinancialInstruments2023-08-3110951209ns5:Non-currentFinancialInstruments2022-08-3110951209ns5:ShareCapital2023-08-3110951209ns5:ShareCapital2022-08-3110951209ns5:RetainedEarningsAccumulatedLosses2023-08-3110951209ns5:RetainedEarningsAccumulatedLosses2022-08-3110951209ns5:FurnitureFittings2022-09-012023-08-3110951209ns5:ComputerEquipment2022-09-012023-08-3110951209ns5:PlantMachinery2022-09-012023-08-3110951209ns5:PlantMachinery2023-08-3110951209ns5:CostValuation2022-08-3110951209ns5:DisposalsRepaymentsInvestments2023-08-3110951209ns5:CostValuation2023-08-3110951209ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-08-3110951209ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-08-3110951209ns10:OrdinaryShareClass12023-08-31
REGISTERED NUMBER: 10951209 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

GLOBAL BRIDGE GROUP LTD

GLOBAL BRIDGE GROUP LTD (REGISTERED NUMBER: 10951209)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GLOBAL BRIDGE GROUP LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTOR: W J Chen





REGISTERED OFFICE: The Grainger Suite
Dobson House Regent Centre
Gosforth
Newcastle Upon Tyne
NE3 3PF





REGISTERED NUMBER: 10951209 (England and Wales)





ACCOUNTANTS: Ribchesters
Chartered Accountants
Finchale House
Belmont Business Park
Durham
DH1 1TW

GLOBAL BRIDGE GROUP LTD (REGISTERED NUMBER: 10951209)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,324 -
Investments 5 - 1,050
7,324 1,050

CURRENT ASSETS
Debtors 6 178,961 178,940
Cash at bank 464,359 458,732
643,320 637,672
CREDITORS
Amounts falling due within one year 7 562,292 363,825
NET CURRENT ASSETS 81,028 273,847
TOTAL ASSETS LESS CURRENT
LIABILITIES

88,352

274,897

CREDITORS
Amounts falling due after more than one
year

8

-

(200,000

)

PROVISIONS FOR LIABILITIES (1,831 ) -
NET ASSETS 86,521 74,897

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 86,421 74,797
SHAREHOLDERS' FUNDS 86,521 74,897

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

GLOBAL BRIDGE GROUP LTD (REGISTERED NUMBER: 10951209)

BALANCE SHEET - continued
31 AUGUST 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the director and authorised for issue on 31 October 2023 and were signed by:





W J Chen - Director


GLOBAL BRIDGE GROUP LTD (REGISTERED NUMBER: 10951209)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1. STATUTORY INFORMATION

Global Bridge Group Ltd 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.

2. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 33% 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 Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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 4 (2022 - 6 ) .

GLOBAL BRIDGE GROUP LTD (REGISTERED NUMBER: 10951209)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 9,268
At 31 August 2023 9,268
DEPRECIATION
Charge for year 1,944
At 31 August 2023 1,944
NET BOOK VALUE
At 31 August 2023 7,324

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 September 2022 1,050
Disposals (1,050 )
At 31 August 2023 -
NET BOOK VALUE
At 31 August 2023 -
At 31 August 2022 1,050

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings - 171,714
Other debtors 178,961 7,226
178,961 178,940

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 20 22
Taxation and social security 1,233 10,026
Other creditors 561,039 353,777
562,292 363,825

GLOBAL BRIDGE GROUP LTD (REGISTERED NUMBER: 10951209)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors - 200,000

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

10. RELATED PARTY DISCLOSURES

During the year the director operated an interest free current account. At 31 August 2023 the balance owed to the director was £206,555 (2022: £203,594).

During the year a close family member of the director maintained an interest-free loan to the company. The balance outstanding at the balance sheet date was £77,871 and is included within Creditors: amounts falling due within one year (2022: £86,061)..