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REGISTERED NUMBER: 08241262 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

GLOBAL INSOLVENCY SOLUTIONS LIMITED

GLOBAL INSOLVENCY SOLUTIONS LIMITED (REGISTERED NUMBER: 08241262)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Statement of Financial Position 1


GLOBAL INSOLVENCY SOLUTIONS LIMITED (REGISTERED NUMBER: 08241262)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
£    £    £    £   
Fixed assets 631 841

Current assets 33,766 44,817

Creditors
Amounts falling due within one year (30,075 ) (34,072 )
Net current assets 3,691 10,745
Total assets less current liabilities 4,322 11,586

Creditors
Amounts falling due after more than one
year

9,579

10,798
Net (liabilities)/assets (5,257 ) 788

Capital and reserves (5,257 ) 788

Notes to the financial statements

1. STATUTORY INFORMATION

Global Insolvency Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08241262

Registered office: New Media House
Davidson Road
Lichfield
Staffordshire
WS14 9DZ

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


2. GOING CONCERN

The director has reviewed the credit facilities available to the company over the forthcoming 12 months and assessed that they are sufficient to allow the company to continue to trade and meet its financial obligations as they fall due.

3. AVERAGE NUMBER OF EMPLOYEES

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

GLOBAL INSOLVENCY SOLUTIONS LIMITED (REGISTERED NUMBER: 08241262)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2024

Notes to the financial statements

4. 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
£    £   
Mr R L Yorke
Balance outstanding at start of year 33,742 29,957
Amounts advanced - 3,785
Amounts repaid (10,983 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 22,759 33,742

Interest is charged at 2.5% per annum on any overdrawn directors loan balance. The loan is repayable on demand.

5. CHANGE IN ACCOUNTING POLICIES

The company has transitioned from using FRS 102 1A The Financial Reporting Standard applicable to Small Entities to FRS 105 The Financial Reporting Standard applicable to Micro Entities. The comparative figures included in these accounts for the year ending 31 March 2023 have been revised accordingly.



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 INSOLVENCY SOLUTIONS LIMITED (REGISTERED NUMBER: 08241262)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2024


The financial statements have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 10 March 2025 and were signed by:





Mr R L Yorke - Director