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REGISTERED NUMBER: 11069023 (England and Wales)















Unaudited Financial Statements for the Year Ended 30th November 2023

for

Global Consolidated Ltd

Global Consolidated Ltd (Registered number: 11069023)






Contents of the Financial Statements
for the Year Ended 30th November 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Global Consolidated Ltd (Registered number: 11069023)

Balance Sheet
30th November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,810 -
Investments 5 117,133 -
118,943 -

CURRENT ASSETS
Debtors 6 1,824 59,365
Cash at bank 654 9,696
2,478 69,061
CREDITORS
Amounts falling due within one year 7 83,696 46,248
NET CURRENT (LIABILITIES)/ASSETS (81,218 ) 22,813
TOTAL ASSETS LESS CURRENT
LIABILITIES

37,725

22,813

CREDITORS
Amounts falling due after more than one
year

8

41,742

41,742
NET LIABILITIES (4,017 ) (18,929 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (4,018 ) (18,930 )
(4,017 ) (18,929 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 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 Consolidated Ltd (Registered number: 11069023)

Balance Sheet - continued
30th November 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 28th August 2024 and were signed by:





J S Cohen - Director


Global Consolidated Ltd (Registered number: 11069023)

Notes to the Financial Statements
for the Year Ended 30th November 2023

1. STATUTORY INFORMATION

Global Consolidated Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11069023

Registered office: Treviot House
186-192 High Road
Ilford
Essex
IG1 1LR

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 represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Computer equipment - 25% 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.

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.

Investments
Fixed asset investments are stated at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in fair value reserves.

Going concern
The balance sheet at the year end recorded net liabilities. However, the director believes that sufficient finance is available to the company to enable it to continue trading for the foreseeable future. Therefore the financial statements have been prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Global Consolidated Ltd (Registered number: 11069023)

Notes to the Financial Statements - continued
for the Year Ended 30th November 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st December 2022 1,714
Additions 2,413
At 30th November 2023 4,127
DEPRECIATION
At 1st December 2022 1,714
Charge for year 603
At 30th November 2023 2,317
NET BOOK VALUE
At 30th November 2023 1,810

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 117,133
At 30th November 2023 117,133
NET BOOK VALUE
At 30th November 2023 117,133

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 2,400
Other debtors 1,824 56,965
1,824 59,365

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 810 3,000
Taxation and social security 52,573 41,102
Other creditors 30,313 2,146
83,696 46,248

Global Consolidated Ltd (Registered number: 11069023)

Notes to the Financial Statements - continued
for the Year Ended 30th November 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 41,742 41,742

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to to a director subsisted during the years ended 30 November 2023 and 30 November 2022:


Director 120232022
££
Amount advanced85,18261,706
Amount repaid (165,373)(40,515)


Interest was charged on all loans at the official HMRC rates.