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REGISTERED NUMBER: 05474620 (England and Wales)















Unaudited Financial Statements

for the Year Ended 29th February 2024

for

Global Building Limited

Global Building Limited (Registered number: 05474620)






Contents of the Financial Statements
for the year ended 29th February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Global Building Limited

Company Information
for the year ended 29th February 2024







DIRECTOR: M J Mcloughlin





REGISTERED OFFICE: Black Bull House
353-355 Station Road
Bamber Bridge
Preston
Lancashire
PR5 6EE





REGISTERED NUMBER: 05474620 (England and Wales)





ACCOUNTANTS: Robin Oatridge & Co Limited
Chartered Certified Accountants
Black Bull House
353-355 Station Road
Bamber Bridge
Preston
Lancashire
PR5 6EE

Global Building Limited (Registered number: 05474620)

Balance Sheet
29th February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,065 1,369

CURRENT ASSETS
Debtors 5 18,196 28,218
Cash at bank and in hand 154,831 116,049
173,027 144,267
CREDITORS
Amounts falling due within one year 6 52,675 21,181
NET CURRENT ASSETS 120,352 123,086
TOTAL ASSETS LESS CURRENT
LIABILITIES

121,417

124,455

PROVISIONS FOR LIABILITIES - 260
NET ASSETS 121,417 124,195

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 120,417 123,195
121,417 124,195

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 2024 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.

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.

Global Building Limited (Registered number: 05474620)

Balance Sheet - continued
29th February 2024



The financial statements were approved by the director and authorised for issue on 10th April 2024 and were signed by:





M J Mcloughlin - Director


Global Building Limited (Registered number: 05474620)

Notes to the Financial Statements
for the year ended 29th February 2024

1. STATUTORY INFORMATION

Global Building Limited 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.
Plant and machinery etc - 33% on reducing balance and 15% on reducing balance

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 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.

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 1 (2023 - 1 ) .

Global Building Limited (Registered number: 05474620)

Notes to the Financial Statements - continued
for the year ended 29th February 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st March 2023
and 29th February 2024 10,538
DEPRECIATION
At 1st March 2023 9,169
Charge for year 304
At 29th February 2024 9,473
NET BOOK VALUE
At 29th February 2024 1,065
At 28th February 2023 1,369

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,176 17,411
Other debtors 15,020 10,807
18,196 28,218

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 2,529 12,305
Other creditors 50,146 8,876
52,675 21,181

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The directors' loan accounts are repayable within nine months of the accounting period.

8. ULTIMATE CONTROLLING PARTY

The controlling party is M J Mcloughlin.