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REGISTERED NUMBER: 10033814 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 December 2023

for

GLB - Consumer Division Ltd

GLB - Consumer Division Ltd (Registered number: 10033814)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


GLB - Consumer Division Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: F J E Walker





REGISTERED OFFICE: 1 Minster Court
Tuscam Way
Camberley
Surrey
GU15 3YY





REGISTERED NUMBER: 10033814 (England and Wales)





ACCOUNTANTS: Butt Miller
Chartered Accountants
1 Minster Court
Tuscam Way
Camberley
Surrey
GU15 3YY

GLB - Consumer Division Ltd (Registered number: 10033814)

Statement of Financial Position
31 December 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 5 38,095 59,197
Cash at bank 2,934 1,960
41,029 61,157
CREDITORS
Amounts falling due within one year 6 (8,112 ) (19,264 )
NET CURRENT ASSETS 32,917 41,893
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,917

41,893

CREDITORS
Amounts falling due after more than one
year

7

(31,400

)

(36,659

)
NET ASSETS 1,517 5,234

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,417 5,134
SHAREHOLDERS' FUNDS 1,517 5,234

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 25 September 2024 and were signed by:





F J E Walker - Director


GLB - Consumer Division Ltd (Registered number: 10033814)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

GLB - Consumer Division Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 value of goods provided to customers, net of value added tax and discounts. Income is recognised on dispatch.

Where payments are received from customers in advance, the amounts are recorded as deferred income and included as part of creditors due within one year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33.33% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Operating leases
Rentals paid under operating leases are charged to the Income Statement on a straight line basis over the period of the lease.

GLB - Consumer Division Ltd (Registered number: 10033814)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2023 332
Disposals (332 )
At 31 December 2023 -
DEPRECIATION
At 1 January 2023 332
Eliminated on disposal (332 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 177 144
Other debtors 37,260 59,053
VAT 658 -
38,095 59,197

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loan 5,332 5,202
Trade creditors - 943
Tax - 551
VAT - 2,998
Director's loan account 312 7,251
Accrued expenses 2,468 2,319
8,112 19,264

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 5,393 5,260
Bank loans - 2-5 years 17,010 16,590
Bank loans more than 5 years 8,997 14,809
31,400 36,659

GLB - Consumer Division Ltd (Registered number: 10033814)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 8,997 14,809

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
F J E Walker
Balance outstanding at start of year (7,251 ) (71,524 )
Amounts advanced 7,251 64,585
Amounts repaid (312 ) (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (312 ) (7,251 )

This loan is unsecured, interest free and repayable on demand.

9. RELATED PARTY DISCLOSURES

The company has made an unsecured interest-free loan to an associated company which is under common control which is repayable on demand. The balance as at the statement of financial position date included within other debtors was £37,260 (2022: £59,053).