GB WORLDWIDE LIMITED

Company Registration Number:
14211528 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2024

Period of accounts

Start date: 01 August 2023

End date: 31 July 2024

GB WORLDWIDE LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2024

Company Information - 3
Report of the Directors - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

GB WORLDWIDE LIMITED

Company Information

for the Period Ended 31 July 2024




Director: S Els
N Gooch
C Brooke
W Nestadt
Registered office: Unit 203
Unit 203
2-4 Exmoor Street
London
England
W10 6BD
Company Registration Number: 14211528 (England and Wales)

GB WORLDWIDE LIMITED

Directors' Report Period Ended 31 July 2024

The directors present their report with the financial statements of the company for the period ended 31 July 2024

Principal Activities

The principal activity of the company was that of a retail and wholesale premium clothing company.

Additional information

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

Directors

The directors shown below have held office during the whole of the period from 01 August 2023 to 31 July 2024
S Els
N Gooch
C Brooke
W Nestadt

This report was approved by the board of directors on 10 February 2025
And Signed On Behalf Of The Board By:

Name: S Els
Status: Director

GB WORLDWIDE LIMITED

Balance sheet

As at 31 July 2024


Notes

2024
£
13 months to
31 Jul 2023
£
Fixed assets
Intangible assets: 4 11,799 5,290
Total fixed assets: 11,799 5,290
Current assets
Stocks: 453,875
Debtors: 5 248,504 89,042
Cash at bank and in hand: 353,594 90,029
Total current assets: 1,055,973 179,071
Creditors: amounts falling due within one year: 6 ( 452,890 ) ( 64,013 )
Net current assets (liabilities): 603,083 115,058
Total assets less current liabilities: 614,882 120,348
Creditors: amounts falling due after more than one year: 7 ( 820,498 ) ( 417,500 )
Total net assets (liabilities): ( 205,616 ) ( 297,152 )

The notes form part of these financial statements

GB WORLDWIDE LIMITED

Balance sheet continued

As at 31 July 2024


Notes

2024
£
13 months to
31 Jul 2023
£
Capital and reserves
Called up share capital: 1,270 1,000
Profit and loss account: ( 206,886 ) ( 298,152 )
Shareholders funds: ( 205,616 ) ( 297,152 )

For the year ending 31 July 2024 the company was entitled to exemption 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 the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 10 February 2025
And Signed On Behalf Of The Board By:

Name: S Els
Status: Director

The notes form part of these financial statements

GB WORLDWIDE LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is recognised at the fair value of the consideration received or receivable for goods 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.
    Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the
    goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured
    reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the
    costs incurred or to be incurred in respect of the transaction can be measured reliably.

    Intangible fixed assets amortisation policy

    Intangible assets acquired separately from a business are recognised at cost and are subsequently measured
    at cost less accumulated amortisation and accumulated impairment losses.
    Intangible assets are recognised at the acquisition date where it is probable that the expected future
    economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be
    measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is
    separable from the entity.
    Amortisation 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:
    Website asset 10 years straight line

GB WORLDWIDE LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees


    2024
    13 months to
    31 Jul 2023
    Average number of employees during the period 5 4

GB WORLDWIDE LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 3. Off balance sheet disclosure

    No

GB WORLDWIDE LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Intangible assets

Other Total
Cost £ £
At 01 August 2023 5,290 5,290
Additions 7,700 7,700
Disposals - -
Revaluations - -
Transfers - -
At 31 July 2024 12,990 12,990
Amortisation
Amortisation at 01 August 2023 - -
Charge for year 1,191 1,191
On disposals - -
Other adjustments - -
Amortisation at 31 July 2024 1,191 1,191
Net book value
Net book value at 31 July 2024 11,799 11,799
Net book value at 31 July 2023 5,290 5,290

GB WORLDWIDE LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

5. Debtors


2024
£
13 months to
31 Jul 2023
£
Trade debtors 94,545
Other debtors 153,959 89,042
Total 248,504 89,042

GB WORLDWIDE LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

6.Creditors: amounts falling due within one year note


2024
£
13 months to
31 Jul 2023
£
Trade creditors 24,157
Other creditors 428,733 64,013
Total 452,890 64,013

GB WORLDWIDE LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

7.Creditors: amounts falling due after more than one year


2024
£
13 months to
31 Jul 2023
£
Other creditors 820,498 417,500
Total 820,498 417,500

GB WORLDWIDE LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

8.1.Related party disclosures

Name of related party: Shareholder DV
Description of relationship:
Shareholder
Description of the transaction:
In respect of salary due to a shareholder
Balance at 01 August 2023 38,500
Balance at 31 July 2024 63,010