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Company Registration No. 10841547 (England and Wales)
Glocal Assets & Commodities Ltd Unaudited accounts for the year ended 30 June 2024
Glocal Assets & Commodities Ltd Unaudited accounts Contents
Page
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Glocal Assets & Commodities Ltd Company Information for the year ended 30 June 2024
Director
Christian Franck Otta
Company Number
10841547 (England and Wales)
Registered Office
71-75 Shelton Street Covent Garden London WC2H 9JQ
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Glocal Assets & Commodities Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
1,000 
1,000 
Cash at bank and in hand
17,774 
17,774 
18,774 
18,774 
Creditors: amounts falling due within one year
(16,891)
(16,891)
Net current assets
1,883 
1,883 
Net assets
1,883 
1,883 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
883 
883 
Shareholders' funds
1,883 
1,883 
For the year ending 30 June 2024 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 March 2025 and were signed on its behalf by
Christian Franck Otta Director Company Registration No. 10841547
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Glocal Assets & Commodities Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Glocal Assets & Commodities Ltd is a private company, limited by shares, registered in England and Wales, registration number 10841547. The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Other debtors
1,000 
1,000 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
12,404 
12,404 
Loans from directors
4,127 
4,127 
Accruals
360 
360 
16,891 
16,891 
6
Transactions with related parties
At the reporting date the company owed £12,405 to a company under the common control of the director/shareholder (2023: £12,405).
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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