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REGISTERED NUMBER: 12439263 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

GBH WORLDWIDE LIMITED

GBH WORLDWIDE LIMITED (REGISTERED NUMBER: 12439263)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GBH WORLDWIDE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr P Hale
Mrs E R York
Mr T Gittins





REGISTERED OFFICE: Second Floor
Windsor House
40/41 Great Castle Street
London
W1W 8LU





REGISTERED NUMBER: 12439263 (England and Wales)





ACCOUNTANTS: Jamieson Stone LLP
Windsor House
40/41 Great Castle Street
London
W1W 8LU

GBH WORLDWIDE LIMITED (REGISTERED NUMBER: 12439263)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 5,896 7,861
Tangible assets 5 115,971 99,186
121,867 107,047

CURRENT ASSETS
Debtors 6 357,733 409,391
Cash at bank 565,274 1,247,676
923,007 1,657,067
CREDITORS
Amounts falling due within one year 7 (53,722 ) (299,431 )
NET CURRENT ASSETS 869,285 1,357,636
TOTAL ASSETS LESS CURRENT
LIABILITIES

991,152

1,464,683

CREDITORS
Amounts falling due after more than one year 8 (15,317 ) (25,158 )
NET ASSETS 975,835 1,439,525

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 975,735 1,439,425
975,835 1,439,525

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

GBH WORLDWIDE LIMITED (REGISTERED NUMBER: 12439263)

BALANCE SHEET - continued
31 MARCH 2024


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 Board of Directors and authorised for issue on 14 October 2024 and were signed on its behalf by:





Mr P Hale - Director


GBH WORLDWIDE LIMITED (REGISTERED NUMBER: 12439263)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

GBH Worldwide Limited 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.

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 is the total amount receivable by the company excluding value added tax, in the ordinary course of its business for goods supplied and services provided.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to premises - 20% on cost
Office equipment - 25% on cost
Motor vehicles - 33% on cost
Computer equipment - 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

GBH WORLDWIDE LIMITED (REGISTERED NUMBER: 12439263)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 9,826
AMORTISATION
At 1 April 2023 1,965
Charge for year 1,965
At 31 March 2024 3,930
NET BOOK VALUE
At 31 March 2024 5,896
At 31 March 2023 7,861

GBH WORLDWIDE LIMITED (REGISTERED NUMBER: 12439263)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Improvements
to Office Motor Computer
premises equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 22,193 94,241 33,070 37,665 187,169
Additions - 43,670 28,202 6,954 78,826
At 31 March 2024 22,193 137,911 61,272 44,619 265,995
DEPRECIATION
At 1 April 2023 8,877 40,181 18,063 20,862 87,983
Charge for year 4,439 30,635 15,355 11,612 62,041
At 31 March 2024 13,316 70,816 33,418 32,474 150,024
NET BOOK VALUE
At 31 March 2024 8,877 67,095 27,854 12,145 115,971
At 31 March 2023 13,316 54,060 15,007 16,803 99,186

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 135,427 355,047
Other debtors 23,041 4,586
Director's current account 91,328 -
Tax 78,103 18,375
Prepayments and accrued income 29,834 31,383
357,733 409,391

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 29,593 12,522
Trade creditors 17,491 8,449
Corporation tax - 273,056
Other creditors 1,919 904
Accruals and deferred income 4,719 4,500
53,722 299,431

GBH WORLDWIDE LIMITED (REGISTERED NUMBER: 12439263)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans due between
1 & 2 years 10,000 10,000
Bank loans due between
2 & 5 years 5,317 15,158
15,317 25,158