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REGISTERED NUMBER: 11729182 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Global Select International Limited

Global Select International Limited (Registered number: 11729182)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Global Select International Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: Miss J E Grimwade





REGISTERED OFFICE: 40 Brookhouse Road
Denbigh
LL16 4RQ





REGISTERED NUMBER: 11729182 (England and Wales)





ACCOUNTANTS: G Ceidiog Hughes Limited
40 Brookhouse Road
Denbigh
Clwyd
LL16 4RQ

Global Select International Limited (Registered number: 11729182)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,032 5,860

CURRENT ASSETS
Debtors 5 33,917 8,386
Cash at bank and in hand 1,827 27,118
35,744 35,504
CREDITORS
Amounts falling due within one year 6 53,897 17,156
NET CURRENT (LIABILITIES)/ASSETS (18,153 ) 18,348
TOTAL ASSETS LESS CURRENT
LIABILITIES

(13,121

)

24,208

CREDITORS
Amounts falling due after more than
one year

7

(19,062

)

(22,794

)

PROVISIONS FOR LIABILITIES 9 (580 ) (1,113 )
NET (LIABILITIES)/ASSETS (32,763 ) 301

Global Select International Limited (Registered number: 11729182)

Balance Sheet - continued
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings (32,863 ) 201
SHAREHOLDERS' FUNDS (32,763 ) 301

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 17 March 2025 and were signed by:





Miss J E Grimwade - Director


Global Select International Limited (Registered number: 11729182)

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

1. STATUTORY INFORMATION

Global Select International 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 (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Significant judgements and estimates
In the application of the Company's accounting policies, management is required to make judgements, estimates and assumptions about carrying values of assets and liabilities that are not readily available from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered relevant. Actual results may differ from these estimates.

The key judgements and sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:

Estimated useful lives and residual values of tangible fixed assets
Depreciation of tangible fixed assets has been based on estimated useful lives and residual values deemed appropriate by the directors. Estimated useful lives and residual values are reviewed annually and revised as appropriate. Revisions take into account estimated useful lives used by other companies operating in the sector and actual asset lives and residual values, as evidenced by disposals during current and prior accounting periods.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Global Select International Limited (Registered number: 11729182)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors and trade creditors.

Trade debtors and trade creditors are measured at the undiscounted amount of cash or other consideration expected to be paid or received.

Financial assets are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

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

Global Select International Limited (Registered number: 11729182)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2024 7,015 1,169 8,184
Additions 141 1,292 1,433
At 31 December 2024 7,156 2,461 9,617
DEPRECIATION
At 1 January 2024 1,740 584 2,324
Charge for year 1,781 480 2,261
At 31 December 2024 3,521 1,064 4,585
NET BOOK VALUE
At 31 December 2024 3,635 1,397 5,032
At 31 December 2023 5,275 585 5,860

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors - 1,775
Other debtors - 4,000
Directors' current accounts 33,917 2,611
33,917 8,386

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts (see note 8)
6,889

6,889
Trade creditors - 73
Tax - 6,968
Social security and other taxes 46 142
VAT 863 2,583
Other creditors 45,598 -
Accrued expenses 501 501
53,897 17,156

Global Select International Limited (Registered number: 11729182)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans (see note 8) 19,062 22,794

8. LOANS

An analysis of the maturity of loans is given below:

31.12.24 31.12.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 6,889 6,889

Amounts falling due between one and two years:
Bank loans - 1-2 years 6,889 6,889

Amounts falling due between two and five years:
Bank loans - 2-5 years 12,173 15,905

9. PROVISIONS FOR LIABILITIES
31.12.24 31.12.23
£    £   
Deferred tax 580 1,113

Deferred
tax
£   
Balance at 1 January 2024 1,113
Movement in the year due to:
Changes in tax allowances (533 )
Changes in tax rates
Balance at 31 December 2024 580

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
100 Ordinary £1 100 100

Global Select International Limited (Registered number: 11729182)

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

11. CAPITAL COMMITMENTS
31.12.24 31.12.23
£    £   
Contracted but not provided for in the
financial statements - -

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Miss J E Grimwade.