Registered number
09927045
Global Business School London Limited
Filleted Accounts
31 December 2023
Global Business School London Limited
Registered number: 09927045
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 419 559
Tangible assets 4 11,598 2,119
12,017 2,678
Current assets
Cash at bank and in hand 173 174
Creditors: amounts falling due within one year 5 (149,783) (125,986)
Net current liabilities (149,610) (125,812)
Net liabilities (137,593) (123,134)
Capital and reserves
Called up share capital 100 100
Profit and loss account (137,693) (123,234)
Shareholders' funds (137,593) (123,134)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D D Jacomello
Director
Approved by the board on 8 October 2024
Global Business School London Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery 25% reducing balance
Fixtures, fittings, tools and equipment 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2023 993
At 31 December 2023 993
Amortisation
At 1 January 2023 434
Provided during the year 140
At 31 December 2023 574
Net book value
At 31 December 2023 419
At 31 December 2022 559
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023 3,093
Additions 13,345
At 31 December 2023 16,438
Depreciation
At 1 January 2023 974
Charge for the year 3,866
At 31 December 2023 4,840
Net book value
At 31 December 2023 11,598
At 31 December 2022 2,119
5 Creditors: amounts falling due within one year 2023 2022
£ £
Accruals and deferred income 663 1,224
Other creditors 149,120 124,762
149,783 125,986
6 Other information
Global Business School London Limited is a private company limited by shares and incorporated in England. Its registered office is:
Devonshire House
582 Honeypot Lane
Stanmore
HA7 1JS
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