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REGISTERED NUMBER: 05125779 (England and Wales)












GLOBAL ENERGY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JUNE 2023 TO 30 MAY 2024






GLOBAL ENERGY LIMITED (REGISTERED NUMBER: 05125779)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JUNE 2023 TO 30 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GLOBAL ENERGY LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 JUNE 2023 TO 30 MAY 2024







DIRECTOR: Mr A Al-Kanani





SECRETARY: Mrs L Al-Kanani





REGISTERED OFFICE: Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE





REGISTERED NUMBER: 05125779 (England and Wales)





ACCOUNTANTS: Christiansons Ltd
Chartered Certified Accountants
Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE

GLOBAL ENERGY LIMITED (REGISTERED NUMBER: 05125779)

BALANCE SHEET
30 MAY 2024

30.5.24 31.5.23
Notes £    £   
CURRENT ASSETS
Debtors 4 2,146 9,258
Cash at bank 42,712 27,167
44,858 36,425
CREDITORS
Amounts falling due within one year 5 28,410 17,814
NET CURRENT ASSETS 16,448 18,611
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,448

18,611

CREDITORS
Amounts falling due after more than one
year

6

7,753

12,225
NET ASSETS 8,695 6,386

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 8,595 6,286
SHAREHOLDERS' FUNDS 8,695 6,386

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 May 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 May 2024 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 15 January 2025 and were signed by:




Mr A Al-Kanani - Director


GLOBAL ENERGY LIMITED (REGISTERED NUMBER: 05125779)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JUNE 2023 TO 30 MAY 2024


1. STATUTORY INFORMATION

Global Energy 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 represents invoiced fees receivable, net of value added tax.

Taxation
Taxation for the period 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2023 - 1 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.5.24 31.5.23
£    £   
Trade debtors 2,146 -
Directors' current accounts - 9,258
2,146 9,258

GLOBAL ENERGY LIMITED (REGISTERED NUMBER: 05125779)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JUNE 2023 TO 30 MAY 2024


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.5.24 31.5.23
£    £   
Bank loans and overdrafts (see note 7) 4,685 4,313
Tax 15,467 11,038
Social security and other taxes 6,208 1,839
Directors' current accounts 1,426 -
Accrued expenses 624 624
28,410 17,814

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.5.24 31.5.23
£    £   
Bank loans (see note 7) 7,753 12,225

7. LOANS

An analysis of the maturity of loans is given below:

30.5.24 31.5.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 4,685 4,313

Amounts falling due between one and two years:
Bank loans - 1-2 years 4,685 4,423

Amounts falling due between two and five years:
Bank loans - 2-5 years 3,068 7,802

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.5.24 31.5.23
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 June 2023 6,286
Profit for the period 57,309
Dividends (55,000 )
At 30 May 2024 8,595

GLOBAL ENERGY LIMITED (REGISTERED NUMBER: 05125779)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JUNE 2023 TO 30 MAY 2024


10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr A Al-Kanani.