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REGISTERED NUMBER: 06091657 (England and Wales)



Financial Statements for the Year Ended 28 February 2023

for

Global Intelligent Consultancy Ltd

Global Intelligent Consultancy Ltd (Registered number: 06091657)

Contents of the Financial Statements
for the Year Ended 28 February 2023










Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 6


Global Intelligent Consultancy Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTOR: P Serumadar





REGISTERED OFFICE: 3 Fletchers
Basildon
Essex
SS16 5TU





REGISTERED NUMBER: 06091657 (England and Wales)





ACCOUNTANTS: BBK Partnership
Chartered Accountants
& Statutory Auditors
1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ

Global Intelligent Consultancy Ltd (Registered number: 06091657)

Statement of Financial Position
28 February 2023

28.2.23 28.2.22
Notes £    £   
CURRENT ASSETS
Debtors 4 18,800 18,800
Prepayments and accrued income 20,000 20,000
Cash at bank 864 403
39,664 39,203
CREDITORS
Amounts falling due within one year 5 (28,959 ) (28,479 )
NET CURRENT ASSETS 10,705 10,724
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,705

10,724

CREDITORS
Amounts falling due after more than one year 6 (13,284 ) (17,294 )
NET LIABILITIES (2,579 ) (6,570 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 (2,679 ) (6,670 )
SHAREHOLDERS' FUNDS (2,579 ) (6,570 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Intelligent Consultancy Ltd (Registered number: 06091657)

Statement of Financial Position - continued
28 February 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 November 2023 and were signed by:





P Serumadar - Director


Global Intelligent Consultancy Ltd (Registered number: 06091657)

Notes to the Financial Statements
for the Year Ended 28 February 2023


1. STATUTORY INFORMATION

Global Intelligent Consultancy 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.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment

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

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.

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.

Global Intelligent Consultancy Ltd (Registered number: 06091657)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Other debtors 18,800 18,800

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors - (1 )
Other creditors 14,756 14,756
Directors' current accounts 13,243 13,244
Accrued expenses 960 480
28,959 28,479

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans (see note 7) 13,284 17,294

7. LOANS

An analysis of the maturity of loans is given below:

28.2.23 28.2.22
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 13,284 17,294

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
100 Ordinary £1 100 100

Global Intelligent Consultancy Ltd (Registered number: 06091657)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


9. RESERVES
Retained
earnings
£   

At 1 March 2022 (6,670 )
Profit for the year 3,991
At 28 February 2023 (2,679 )

10. RELATED PARTY DISCLOSURES

Related party transactions

Included with other creditors is £ 13,244 (2021: £12,086) being owed to a key management personal of the company.