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Logo On Report
Registered Number: 14651512
England and Wales

 

 

 

GLOBAL BRANDS INC LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 09 February 2023

End date: 28 February 2024
  2024
    £ £
Fixed assets   33,856 
Current assets 110   
Creditors: amount falling due within one year (33,980)  
Net current assets   (33,870)
Total assets less current liabilities   (14)
Net assets   (14)
 

     
Capital and reserves   (14)
 
NOTES TO THE ACCOUNTS

General Information
Global Brands Inc Ltd is a private company, limited by shares, registered in England and Wales, registration number 14651512, registration address 188 Mitcham Road, Tooting, London, Wandsworth, SW17 9NJ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
2.

Average number of employees

Average number of employees during the period was 1.

3.

Director’s loan

Director Loan Account

At the year end a balance of £33,980 was owed to the director.
The above balance is interest free with no fix date of repayment.

For the period ended 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.

The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 20 January 2025 and were signed by:


--------------------------------
Saeedah Akram
Director
1