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Registered number: 11265940
Global Tax Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Global Tax Limited
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2
Page 1
Balance Sheet
Registered number: 11265940
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 8,618 4,447
Cash at bank and in hand 43,632 34,610
52,250 39,057
Creditors: Amounts Falling Due Within One Year 5 (25,800 ) (16,021 )
NET CURRENT ASSETS (LIABILITIES) 26,450 23,036
TOTAL ASSETS LESS CURRENT LIABILITIES 26,450 23,036
NET ASSETS 26,450 23,036
CAPITAL AND RESERVES
Called up share capital 6 2 2
Profit and Loss Account 26,448 23,034
SHAREHOLDERS' FUNDS 26,450 23,036
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Dario Grana
Director
31/07/2024
The notes on page 2 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Global Tax Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11265940 . The registered office is Kemp House, 160 City Road, London, EC1V 2NX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors 8,618 4,445
Called up share capital not paid - 2
8,618 4,447
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,874 187
Other taxes and social security 4,619 3,430
VAT 7,722 6,083
Net wages 8,196 5,783
Director's loan account 3,389 538
25,800 16,021
6. Share Capital
2024 2023
£ £
Called Up Share Capital not Paid - 2
Called Up Share Capital has been paid up 2 -
Amount of Allotted, Called Up Share Capital 2 2
Page 2