Registered number: 13929598

Global Innovation Technologies Ltd
Unaudited Financial Statements
for the period ended 31 March 2024

Statement of Financial Position

as at 31 March 2024

  2024
2023
   
££
 
££
Called up share capital not paid  
  -  
 
  -  
Fixed assets  
  -  
 
  -  
Current assets  
52,292    
 
63,072    
Prepayments and accrued income  
-    
 
-    
Creditors: amounts falling due within one year  
( 9,635 )  
 
( 20,200 )  
Net current assets (liabilities)  
  42,657  
 
  42,872  
Total assets less current liabilities  
  42,657  
 
  42,872  
Creditors: amounts falling due after more than one year  
  -  
 
  -  
Provisions for liabilities  
  -  
 
  -  
Accruals and deferred income  
  -  
 
  -  
Net assets  
  42,657  
 
  42,872  
   
Capital and reserves  
  42,657  
 
  42,872  

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Footnotes to the Statement of Financial Position

Simon Baker

1. Arrangements not included in Statement of Financial Position

The company has not entered into any arrangements not shown on the Statement of Financial Position.

2. Average number of employees

The average number of employees in the period was 1.

3. Directors’ benefits: advances, credit and guarantees

Simon Baker

Included in debtors is an amount payable to the company by one of its directors. The amount is an advance of £15,208 made to Simon Baker, a director of the company, on 20/09/2023.

During the accounting period the maximum amount payable by Simon Baker was £17,483

The following conditions are attached to the amount payable by Simon Baker:

  • There is no interest due to be paid on any outstanding amount
  • No fixed date has been set for the amount to be repaid to the company.
Opening balance 01/03/2023 Additional advance Amount repaid Amount written off Amounts waived Interest payable Closing balance 31/03/2024
£ £ £ £ £ £ £
0   ( 66,912 )
( 66,912 )
51,704
51,704  
0 0 0 ( 15,208 )

4. Guarantees, contingencies and other financial commitments

There are no guarantees, contingencies or other commitments not included in the financial statements.

Statutory Statements

In accordance with section 414(3) of the Companies Act 2006, these accounts have been prepared in accordance with the FRS 105: The Financial Reporting Standard applicable to the Micro-entities Regime for periods commencing on or after 1 January 2016. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

For the period ending 31/03/2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of Companies Act 2006 with respect to accounting records and the preparation of accounts

Company information

a) The company is registered in England and Wales

b) Company registration number - 13929598

c) The company is a private company and is limited by shares

d) The company's registered office address is 3rd Floor 86-90 Paul Street, London, EC2A 4NE, England



Approved by the board of directors and signed on behalf of the board,

Global Innovation Technologies Ltd
Director Simon Baker
Date of approval: 20/11/2024
The company was trading for the entire period 2023-03-01 2024-03-31 2024-03-31 Engineer 2024-11-20 2024-11-20