GLOBAL AUTO SALVAGE LIMITED

Company Registration Number:
07867013 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

GLOBAL AUTO SALVAGE LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

GLOBAL AUTO SALVAGE LIMITED

Balance sheet

As at 31 December 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 99,474 123,609
Total fixed assets: 99,474 123,609
Current assets
Stocks: 41,255 45,551
Debtors:   1,361,837 1,269,832
Cash at bank and in hand: 721,076 501,355
Total current assets: 2,124,168 1,816,738
Creditors: amounts falling due within one year:   (168,240) (149,125)
Net current assets (liabilities): 1,955,928 1,667,613
Total assets less current liabilities: 2,055,402 1,791,222
Total net assets (liabilities): 2,055,402 1,791,222
Capital and reserves
Called up share capital: 6 6
Profit and loss account: 2,055,396 1,791,216
Shareholders funds: 2,055,402 1,791,222

The notes form part of these financial statements

GLOBAL AUTO SALVAGE LIMITED

Balance sheet statements

For the year ending 31 December 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 21 February 2025
and signed on behalf of the board by:

Name: Mr A Topalovic
Status: Director

The notes form part of these financial statements

GLOBAL AUTO SALVAGE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

1. Accounting policies

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

GLOBAL AUTO SALVAGE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

2024 2023
Average number of employees during the period 13 9

GLOBAL AUTO SALVAGE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Tangible Assets

Total
Cost £
At 01 January 2024 314,845
Additions 23,535
Disposals (64,192)
At 31 December 2024 274,188
Depreciation
At 01 January 2024 191,236
Charge for year 24,867
On disposals (41,389)
At 31 December 2024 174,714
Net book value
At 31 December 2024 99,474
At 31 December 2023 123,609

GLOBAL AUTO SALVAGE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Related party transactions

Name of the related party: Global Residentails Ltd
Relationship:
Common Shareholders
Description of the Transaction: At the yearend, the company was owed £1,148,652 from Global Residentails Ltd, a company registered in England and Wales. Mr T Moussa and Mr A Topalovic, both, together with their partners hold 100% shares of the issued share capital of the Global Residentails Ltd.
£
Balance at 01 January 2024 1,088,652
Balance at 31 December 2024 1,148,652