GA GLOBAL LIMITED

Company Registration Number:
09962480 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2022

Period of accounts

Start date: 01 December 2021

End date: 31 December 2022

GA GLOBAL LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2022

Balance sheet
Notes

GA GLOBAL LIMITED

Balance sheet

As at 31 December 2022


Notes

13 months to 31 December 2022

10 months to 30 November 2021


£

£
Fixed assets
Tangible assets: 3 3,382 5,793
Total fixed assets: 3,382 5,793
Current assets
Stocks: 302,920 180,237
Debtors: 4 254,584 272,592
Cash at bank and in hand: 2,485 67,103
Total current assets: 559,989 519,932
Creditors: amounts falling due within one year:   (532,859) (413,385)
Net current assets (liabilities): 27,130 106,547
Total assets less current liabilities: 30,512 112,340
Creditors: amounts falling due after more than one year:   (30,380) (39,167)
Total net assets (liabilities): 132 73,173
Capital and reserves
Called up share capital: 2,889 2,889
Share premium account: 646,971 646,971
Profit and loss account: (649,728) (576,687)
Shareholders funds: 132 73,173

The notes form part of these financial statements

GA GLOBAL LIMITED

Balance sheet statements

For the year ending 31 December 2022 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 28 February 2024
and signed on behalf of the board by:

Name: L Townsend
Status: Director

The notes form part of these financial statements

GA GLOBAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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 and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.Fixtures and fittings - 25% on costComputer equipment - 25% on cost

Other accounting policies

The financial statements have been prepared on a going concern basis which assumes that the company will be able to meet its liabilities as they fall due. The company generated a significant loss during the year and has net liabilities at the balance sheet date. The company is forecast to achieve significant revenue growth and strong profitability in the foreseeable future and has the full support of the director who expects that the company can continue to be funded by a combination of equity investment and trading activity. At the time of approving these financial statements the director has a reasonable expectation that the company will have adequate resources to continue in operational existence for the foreseeable future and have sufficient funds to meet the liabilities of the company as and when they fall due.

GA GLOBAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

2. Employees

13 months to 31 December 2022 10 months to 30 November 2021
Average number of employees during the period 6 6

GA GLOBAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

3. Tangible Assets

Total
Cost £
At 01 December 2021 9,889
At 31 December 2022 9,889
Depreciation
At 01 December 2021 4,096
Charge for year 2,411
At 31 December 2022 6,507
Net book value
At 31 December 2022 3,382
At 30 November 2021 5,793

GA GLOBAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Debtors

A deferred tax asset of £210,522 (2021: £129,852) is recognised on unutilised tax losses as the company is expected to generate sufficient profits in the foreseeable future to utilise these tax losses.

GA GLOBAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

5. Loans to directors

Name of director receiving advance or credit: L Townsend
Description of the loan: Such loans are interest free, unsecured and repayable on demand. This loan was repaid after the year end.
£
Balance at 01 December 2021 0
Advances or credits made: 11,608
Balance at 31 December 2022 11,608