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Global Design and Print Ltd

FINANCIAL STATEMENTS

YEAR ENDED 30 JUNE 2024




















Company Registration Number - 04022586

















AVENET ACCOUNTANCY

IFA Accountants



1.
Global Design and Print Ltd
COMPANY NUMBER - 04022586

Balance sheet as at 30 June 2024





2024
2023

Notes
£ £ £ £
FIXED ASSETS
Intangible assets 4
-
195





Tangible assets 5
60,118
65,402





60,118
65,597

Current assets




Stocks
-
1,000

Debtors 6 275,140
262,529

Cash at bank and in hand
41,712
53,724




316,852
317,253
Current liabilities




Creditors - Amounts
falling due within one year 7 150,829
130,240


NET CURRENT ASSETS

166,023
187,013


Total assets less current liabilities

226,141
252,610





Creditors - Amounts falling

due after more than one year 7 94,883
126,358





Provisions for liabilities

Deferred taxation 8 4,795
4,795





(99,678)
(131,153)


Net assets

126,463
121,457














2.
Global Design and Print Ltd
COMPANY NUMBER - 04022586

Balance sheet as at 30 June 2024





2024
2023

Notes
£
£
CAPITAL AND RESERVES

Called up share capital 9
810
810

Profit and Loss account

125,653
120,647


Shareholders' funds

126,463
121,457



These financial statements have been prepared in accordance with the provisions of FRS102 Section 1A of the Companies Act 2006 relating to small companies.
In accordance with section 444 of the Companies Act 2006, the directors' report and the profit and loss account have not been delivered.

For the financial year ended 30 June 2024, the company was entitled to exemption from audit under section 477 of the Companies Act 2006; and no notice has been deposited under section 476.

The members have not required the company to obtain an audit.


The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.


Approved by the board of directors on 20 February 2025
and signed on their behalf by:



Mr D Mooney Ms S Parker




Director Director



The notes on pages 3 to 5 form an integral part of these accounts.


3.
Global Design and Print Ltd

Notes to the Financial Statements

For the year ended 30 June 2024


1. General Information

Global Design and Print Ltd is a Private Company, limited by shares, domiciled in England and Wales, registration number 04022586.


The company's registered office is 76 Shelley Road East, Boscombe, Bournemouth, Dorset BH7 6HB.


2. Accounting policies

Basis of accounting

The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS102, section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.


Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents goods supplied or services rendered, stated net of Value Added Tax. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Turnover from the sale of goods is recognised when goods are delivered and legal title has passed.


Tangible fixed assets and depreciation

Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life:


Long leashold buildings - 20 years straight line

Short leashold buildings - 20 years straight line

Fixtures and fittings - 20% reducing balance

Other fixed assets - 3 years straight line


Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.


Financial Instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.


3. Employees

The average number employed by the company (including directors) during the year 2024 was 8
and in the previous year 2023 was 7.


4.
Global Design and Print Ltd

Notes to the Financial Statements

For the year ended 30 June 2024


4. Fixed assets - intangible

Goodwill


Fair value £
At 1 July 2023 15,000
and 30 June 2024

Amortisation
At 1 July 2023 14,805
Charge for year 195

At 30 June 2024 15,000

Net book values

At 1 July 2023 195


5. Fixed assets - tangible


Plant and

Land and Machinery

Buildings etc. Total




Fair value £ £ £




At 1 July 2023 66,672 45,548 112,220
and 30 June 2024




Depreciation


At 1 July 2023 14,602 32,216 46,818
Charge for year 2,885 2,399 5,284



At 30 June 2024 17,487 34,615 52,102



Net book values
At 30 June 2024 49,185 10,933 60,118
At 1 July 2023 52,070 13,332
65,402









2024
2023


£
£
6. Debtors

Due within one year:



Trade debtors 70,892
56,024
Other debtors 204,248
206,505



275,140
262,529





5.
Global Design and Print Ltd

Notes to the Financial Statements

For the year ended 30 June 2024




2024
2023


£
£
7. Creditors

Amounts falling due within one year:



Bank Loan 18,963
29,640
Trade creditors 33,278
43,420
Accruals 1,000
2,671
Taxation and social security 42,671
24,646
Director's Current Accounts 197
-
Other creditors 54,720
29,863


150,829 130,240


Amounts falling due after one year:



Other creditors:



Other 94,883
126,358



8. Deferred taxation

At 1 July 2023 4,795
4,795


At 30 June 2024 4,795 4,795



9. Called up share capital

There was no change in share capital during the year.


Allotted, called up and fully paid



Ordinary shares of £1 each 800
800
Ordinary A shares of £1 each 10
10


Total shares allotted, called up and fully paid 810
810