IRIS Accounts Production v24.3.2.46 04405213 director 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh044052132023-03-31044052132024-03-31044052132023-04-012024-03-31044052132022-03-31044052132022-04-012023-03-31044052132023-03-3104405213ns15:EnglandWales2023-04-012024-03-3104405213ns14:PoundSterling2023-04-012024-03-3104405213ns10:Director12023-04-012024-03-3104405213ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3104405213ns10:SmallEntities2023-04-012024-03-3104405213ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3104405213ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3104405213ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3104405213ns10:FullAccounts2023-04-012024-03-3104405213ns10:RegisteredOffice2023-04-012024-03-3104405213ns5:CurrentFinancialInstruments2024-03-3104405213ns5:CurrentFinancialInstruments2023-03-3104405213ns5:ShareCapital2024-03-3104405213ns5:ShareCapital2023-03-3104405213ns5:RetainedEarningsAccumulatedLosses2024-03-3104405213ns5:RetainedEarningsAccumulatedLosses2023-03-3104405213ns5:FurnitureFittings2023-03-3104405213ns5:FurnitureFittings2023-04-012024-03-3104405213ns5:FurnitureFittings2024-03-3104405213ns5:FurnitureFittings2023-03-3104405213ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3104405213ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3104405213ns5:CurrentFinancialInstruments2023-04-012024-03-3104405213ns5:WithinOneYear2024-03-3104405213ns5:WithinOneYear2023-03-3104405213ns5:BetweenOneFiveYears2024-03-3104405213ns5:BetweenOneFiveYears2023-03-3104405213ns5:AllPeriods2024-03-3104405213ns5:AllPeriods2023-03-3104405213ns5:DeferredTaxation2023-03-3104405213ns5:DeferredTaxation2023-04-012024-03-3104405213ns5:DeferredTaxation2024-03-31044052131ns10:Director12023-03-31044052131ns10:Director12022-03-31044052131ns10:Director12023-04-012024-03-31044052131ns10:Director12022-04-012023-03-31044052131ns10:Director12024-03-31044052131ns10:Director12023-03-31
REGISTERED NUMBER: 04405213 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Global Computer Broking Limited

Global Computer Broking Limited (Registered number: 04405213)






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


Global Computer Broking Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: P John





REGISTERED OFFICE: Unit 4, Broadfield Close
Progress Way
Croydon
Surrey
CR0 4XR





REGISTERED NUMBER: 04405213 (England and Wales)





ACCOUNTANTS: Ledger Sparks Limited
Airport House
Suite 43-45
Purley Way
Croydon
CR0 0XZ

Global Computer Broking Limited (Registered number: 04405213)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 6,849 8,768

CURRENT ASSETS
Stocks 10,000 20,000
Debtors 5 65,103 52,366
Cash at bank 12,127 21,181
87,230 93,547
CREDITORS
Amounts falling due within one year 6 (101,369 ) (97,690 )
NET CURRENT LIABILITIES (14,139 ) (4,143 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(7,290

)

4,625

PROVISIONS FOR LIABILITIES 8 (1,301 ) (1,666 )
NET (LIABILITIES)/ASSETS (8,591 ) 2,959

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9 (8,691 ) 2,859
(8,591 ) 2,959

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 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.

Global Computer Broking Limited (Registered number: 04405213)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 January 2025 and were signed by:





P John - Director


Global Computer Broking Limited (Registered number: 04405213)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Global Computer Broking 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The principal activity of the company continued to be that of computer resales.

2. ACCOUNTING POLICIES

BASIS OF PREPARATION
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 recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

TANGIBLE FIXED ASSETS
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment 25% Reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to surplus or deficit.

STOCKS
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of replacement cost and cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

FINANCIAL INSTRUMENTS
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.


Global Computer Broking Limited (Registered number: 04405213)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
TAXATION
The tax expense represents the sum of the tax currently payable and deferred tax.

CURRENT TAX
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

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

FOREIGN CURRENCIES
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation are included in the profit and loss account for the period.

PROVISIONS FOR LIABILITIES
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the statement of income and retained earnings in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the Balance sheet.

GOING CONCERN
At the balance sheet date, liabilities exceed assets by £8,591. However the financial statements have been prepared on a going concern basis as the company has the continuing support from its director and majority shareholder. The director is therefore satisfied that the financial statements have been correctly prepared on the going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

Global Computer Broking Limited (Registered number: 04405213)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023 18,132
Additions 291
At 31 March 2024 18,423
DEPRECIATION
At 1 April 2023 9,364
Charge for year 2,210
At 31 March 2024 11,574
NET BOOK VALUE
At 31 March 2024 6,849
At 31 March 2023 8,768

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 24,157 40,569
Other debtors 40,946 11,797
65,103 52,366

The director considers the carrying value of trade and other receivables approximate to their fair value.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 24,217 21,526
Amounts owed to associates 57,282 60,049
Taxation and social security 15,183 5,918
Other creditors 4,687 10,197
101,369 97,690

The director considers the carrying amounts of current liabilities approximate to their fair values.

Global Computer Broking Limited (Registered number: 04405213)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 24,112 26,799
Between one and five years - 24,112
24,112 50,911

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 1,301 1,666

Deferred
tax
£   
Balance at 1 April 2023 1,666
Provided during year (365 )
Balance at 31 March 2024 1,301

9. RESERVES

PROFIT AND LOSS RESERVES
The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
P John
Balance outstanding at start of year (181 ) 556
Amounts advanced 40,066 95,819
Amounts repaid (17,903 ) (96,556 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 21,982 (181 )

Global Computer Broking Limited (Registered number: 04405213)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

11. RELATED PARTY DISCLOSURES

At the balance sheet date, included in owed by associates were amounts of £57,282 (2023 - £60,049) due to Unixzone Ltd. P John is the director and shareholder of company.

Included in other debtors were amounts due from P John of £21,982 (2023 - £181 included in other creditors), the director and shareholder of the company. This loan is interest free and repayable on demand