2023-06-012024-05-312024-05-31false14106220GLOVIT GLOBAL LOGISTICS LTD.2024-10-3149410iso4217:GBPxbrli:pure141062202023-06-01141062202024-05-31141062202023-06-012024-05-31141062202022-05-13141062202023-05-31141062202022-05-132023-05-3114106220bus:SmallEntities2023-06-012024-05-3114106220bus:AuditExempt-NoAccountantsReport2023-06-012024-05-3114106220bus:AbridgedAccounts2023-06-012024-05-3114106220bus:PrivateLimitedCompanyLtd2023-06-012024-05-3114106220core:WithinOneYear2024-05-3114106220core:AfterOneYear2024-05-3114106220core:WithinOneYear2023-05-3114106220core:AfterOneYear2023-05-3114106220core:ShareCapital2024-05-3114106220core:SharePremium2024-05-3114106220core:RevaluationReserve2024-05-3114106220core:OtherReservesSubtotal2024-05-3114106220core:RetainedEarningsAccumulatedLosses2024-05-3114106220core:ShareCapital2023-05-3114106220core:SharePremium2023-05-3114106220core:RevaluationReserve2023-05-3114106220core:OtherReservesSubtotal2023-05-3114106220core:RetainedEarningsAccumulatedLosses2023-05-3114106220core:LandBuildings2024-05-3114106220core:PlantMachinery2024-05-3114106220core:Vehicles2024-05-3114106220core:FurnitureFittings2024-05-3114106220core:OfficeEquipment2024-05-3114106220core:NetGoodwill2024-05-3114106220core:IntangibleAssetsOtherThanGoodwill2024-05-3114106220core:ListedExchangeTraded2024-05-3114106220core:UnlistedNon-exchangeTraded2024-05-3114106220core:LandBuildings2023-05-3114106220core:PlantMachinery2023-05-3114106220core:Vehicles2023-05-3114106220core:FurnitureFittings2023-05-3114106220core:OfficeEquipment2023-05-3114106220core:NetGoodwill2023-05-3114106220core:IntangibleAssetsOtherThanGoodwill2023-05-3114106220core:ListedExchangeTraded2023-05-3114106220core:UnlistedNon-exchangeTraded2023-05-3114106220core:LandBuildings2023-06-012024-05-3114106220core:PlantMachinery2023-06-012024-05-3114106220core:Vehicles2023-06-012024-05-3114106220core:FurnitureFittings2023-06-012024-05-3114106220core:OfficeEquipment2023-06-012024-05-3114106220core:NetGoodwill2023-06-012024-05-3114106220core:IntangibleAssetsOtherThanGoodwill2023-06-012024-05-3114106220core:ListedExchangeTraded2023-06-012024-05-3114106220core:UnlistedNon-exchangeTraded2023-06-012024-05-3114106220core:MoreThanFiveYears2023-06-012024-05-3114106220core:Non-currentFinancialInstruments2024-05-3114106220core:Non-currentFinancialInstruments2023-05-3114106220dpl:CostSales2023-06-012024-05-3114106220dpl:DistributionCosts2023-06-012024-05-3114106220core:LandBuildings2023-06-012024-05-3114106220core:PlantMachinery2023-06-012024-05-3114106220core:Vehicles2023-06-012024-05-3114106220core:FurnitureFittings2023-06-012024-05-3114106220core:OfficeEquipment2023-06-012024-05-3114106220dpl:AdministrativeExpenses2023-06-012024-05-3114106220core:NetGoodwill2023-06-012024-05-3114106220core:IntangibleAssetsOtherThanGoodwill2023-06-012024-05-3114106220dpl:GroupUndertakings2023-06-012024-05-3114106220dpl:ParticipatingInterests2023-06-012024-05-3114106220dpl:GroupUndertakingscore:ListedExchangeTraded2023-06-012024-05-3114106220core:ListedExchangeTraded2023-06-012024-05-3114106220dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-06-012024-05-3114106220core:UnlistedNon-exchangeTraded2023-06-012024-05-3114106220dpl:CostSales2022-05-132023-05-3114106220dpl:DistributionCosts2022-05-132023-05-3114106220core:LandBuildings2022-05-132023-05-3114106220core:PlantMachinery2022-05-132023-05-3114106220core:Vehicles2022-05-132023-05-3114106220core:FurnitureFittings2022-05-132023-05-3114106220core:OfficeEquipment2022-05-132023-05-3114106220dpl:AdministrativeExpenses2022-05-132023-05-3114106220core:NetGoodwill2022-05-132023-05-3114106220core:IntangibleAssetsOtherThanGoodwill2022-05-132023-05-3114106220dpl:GroupUndertakings2022-05-132023-05-3114106220dpl:ParticipatingInterests2022-05-132023-05-3114106220dpl:GroupUndertakingscore:ListedExchangeTraded2022-05-132023-05-3114106220core:ListedExchangeTraded2022-05-132023-05-3114106220dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-05-132023-05-3114106220core:UnlistedNon-exchangeTraded2022-05-132023-05-3114106220core:NetGoodwill2024-05-3114106220core:IntangibleAssetsOtherThanGoodwill2024-05-3114106220core:LandBuildings2024-05-3114106220core:PlantMachinery2024-05-3114106220core:Vehicles2024-05-3114106220core:FurnitureFittings2024-05-3114106220core:OfficeEquipment2024-05-3114106220core:AfterOneYear2024-05-3114106220core:WithinOneYear2024-05-3114106220core:ListedExchangeTraded2024-05-3114106220core:UnlistedNon-exchangeTraded2024-05-3114106220core:ShareCapital2024-05-3114106220core:SharePremium2024-05-3114106220core:RevaluationReserve2024-05-3114106220core:OtherReservesSubtotal2024-05-3114106220core:RetainedEarningsAccumulatedLosses2024-05-3114106220core:NetGoodwill2023-05-3114106220core:IntangibleAssetsOtherThanGoodwill2023-05-3114106220core:LandBuildings2023-05-3114106220core:PlantMachinery2023-05-3114106220core:Vehicles2023-05-3114106220core:FurnitureFittings2023-05-3114106220core:OfficeEquipment2023-05-3114106220core:AfterOneYear2023-05-3114106220core:WithinOneYear2023-05-3114106220core:List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GLOVIT GLOBAL LOGISTICS LTD.

Registered Number
14106220
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2024

GLOVIT GLOBAL LOGISTICS LTD.
Company Information
for the year from 1 June 2023 to 31 May 2024

Directors

AYDENIZ SURER, Gizem
SURER, Cemil Gokberk

Registered Address

167-169 Great Portland Street
5th Floor
London
W1W 5PF

Registered Number

14106220 (England and Wales)
GLOVIT GLOBAL LOGISTICS LTD.
Balance Sheet as at
31 May 2024

Notes

2024

2023

£

£

£

£

Current assets
Debtors2,0892,320
Cash at bank and on hand2,4471,171
4,5363,491
Creditors amounts falling due within one year(1,001)(2,590)
Net current assets (liabilities)3,535901
Total assets less current liabilities3,535901
Net assets3,535901
Capital and reserves
Called up share capital100100
Profit and loss account3,435801
Shareholders' funds3,535901
The financial statements were approved and authorised for issue by the Board of Directors on 31 October 2024, and are signed on its behalf by:
AYDENIZ SURER, Gizem
Director
SURER, Cemil Gokberk
Director

Registered Company No. 14106220
GLOVIT GLOBAL LOGISTICS LTD.
Notes to the Financial Statements
for the year ended 31 May 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2.Average number of employees

20242023
Average number of employees during the year11