GLOBAL BUSINESS (UK) LIMITED

Company Registration Number:
05918035 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2023

Period of accounts

Start date: 01 September 2022

End date: 31 August 2023

GLOBAL BUSINESS (UK) LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2023

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

GLOBAL BUSINESS (UK) LIMITED

Company Information

for the Period Ended 31 August 2023




Director: Fathy Ibrahim Aly
Naglaa Ahmed Shawky Ahmed
Secretary: Fathy Ibrahim Aly
Registered office: 16
King George Avenue
Blackpool
Lancashire
England
FY2 9SN
Company Registration Number: 05918035 (England and Wales)

GLOBAL BUSINESS (UK) LIMITED

Directors' Report Period Ended 31 August 2023

The directors present their report with the financial statements of the company for the period ended 31 August 2023

Principal Activities

The company is trading in the hospitality sector, and is running 2 small hotels on bed and breakfast only.

Company policy on the employment of disabled persons

We do not have any employees with disability. it is only us the directors who run the business with the assistance of some casual workers.

Directors

The directors shown below have held office during the whole of the period from 01 September 2022 to 31 August 2023
Fathy Ibrahim Aly
Naglaa Ahmed Shawky Ahmed

Secretary
Fathy Ibrahim Aly

This report was approved by the board of directors on 7 February 2024
And Signed On Behalf Of The Board By:

Name: Fathy Ibrahim Aly
Status: Director

Name: Naglaa Ahmed Shawky Ahmed
Status: Director

GLOBAL BUSINESS (UK) LIMITED

Profit and Loss Account

for the Period Ended 31 August 2023


Notes

2023
£

2022
£
Turnover 77,834 81,131
Cost of sales ( 8,965 ) ( 6,243 )
Gross Profit or (Loss) 68,869 77,555
Income from coronavirus (COVID-19) business support grants 0 2,667
Administrative Expenses ( 69,380 ) ( 62,367 )
Operating Profit or (Loss) ( 511 ) 15,188
Profit or (Loss) Before Tax ( 511 ) 15,188
Profit or (Loss) for Period ( 511 ) 15,188

The notes form part of these financial statements

GLOBAL BUSINESS (UK) LIMITED

Balance sheet

As at 31 August 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 422,294 416,776
Total fixed assets: 422,294 416,776
Current assets
Cash at bank and in hand: 150
Total current assets: 150
Creditors: amounts falling due within one year: 5 ( 57,063 ) ( 26,508 )
Net current assets (liabilities): ( 56,913 ) ( 26,508 )
Total assets less current liabilities: 365,381 390,268
Creditors: amounts falling due after more than one year: 6 ( 340,388 ) ( 362,635 )
Provision for liabilities: ( 5,209 ) ( 7,338 )
Total net assets (liabilities): 19,784 20,295

The notes form part of these financial statements

GLOBAL BUSINESS (UK) LIMITED

Balance sheet continued

As at 31 August 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 100 100
Revaluation reserve: 7 20,195 5,007
Profit and loss account: ( 511 ) 15,188
Shareholders funds: 19,784 20,295

For the year ending 31 August 2023 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.

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

This report was approved by the board of directors on 7 February 2024
And Signed On Behalf Of The Board By:

Name: Fathy Ibrahim Aly
Status: Director

Name: Naglaa Ahmed Shawky Ahmed
Status: Director

The notes form part of these financial statements

GLOBAL BUSINESS (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

  • 1. Accounting policies

    Basis of measurement and preparation

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

GLOBAL BUSINESS (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 2 2

GLOBAL BUSINESS (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

  • 3. Off balance sheet disclosure

    No

GLOBAL BUSINESS (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 01 September 2022 395,023 5,279 9,929 - 6,545 416,776
Additions 0 3,677 7,022 - 0 10,699
Disposals - - - - - -
Revaluations - - - - - -
Transfers - - - - - -
At 31 August 2023 395,023 8,956 16,951 - 6,545 427,475
Depreciation
At 01 September 2022 - - - - - -
Charge for year - 1,791 3,390 - - 5,181
On disposals - - - - - -
Other adjustments - - - - - -
At 31 August 2023 - 1,791 3,390 - - 5,181
Net book value
At 31 August 2023 395,023 7,165 13,561 - 6,545 422,294
At 31 August 2022 395,023 5,279 9,929 - 6,545 416,776

Depreciation has been calculated over 5 years at 20% per year.

GLOBAL BUSINESS (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

5.Creditors: amounts falling due within one year note


2023
£

2022
£
Bank loans and overdrafts 35,255 14,132
Amounts due under finance leases and hire purchase contracts 21,808 12,376
Total 57,063 26,508

GLOBAL BUSINESS (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

6.Creditors: amounts falling due after more than one year


2023
£

2022
£
Bank loans and overdrafts 318,142 219,321
Other creditors 22,246 143,314
Total 340,388 362,635

GLOBAL BUSINESS (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

7. Revaluation reserve


2023
£
Balance at 01 September 2022 5,007
Surplus or deficit after revaluation 15,188
Balance at 31 August 2023 20,195