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Company Registration No. 06611133 (England and Wales)
Global Textile Holdings Limited Unaudited accounts for the year ended 30 June 2024
Global Textile Holdings Limited Unaudited accounts Contents
Page
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Global Textile Holdings Limited Company Information for the year ended 30 June 2024
Directors
W M A Francus J N Francus
Company Number
06611133 (England and Wales)
Registered Office
85 Great Portland Street London W1W 7LT United Kingdom
Accountants
Richard Matthew Accountancy Ltd Milner Cowfold Road Coolham West Sussex RH13 8QJ
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Global Textile Holdings Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
16,254 
20,348 
Current assets
Debtors
48,096 
113,989 
Cash at bank and in hand
95,701 
101,110 
143,797 
215,099 
Creditors: amounts falling due within one year
(14,285)
(35,483)
Net current assets
129,512 
179,616 
Total assets less current liabilities
145,766 
199,964 
Creditors: amounts falling due after more than one year
(19,102)
(29,780)
Net assets
126,664 
170,184 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
125,664 
169,184 
Shareholders' funds
126,664 
170,184 
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 directors acknowledge their 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 of Directors and authorised for issue on 20 March 2025 and were signed on its behalf by
W M A Francus Director Company Registration No. 06611133
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Global Textile Holdings Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Global Textile Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 06611133. The registered office is 85 Great Portland Street, London, W1W 7LT, United Kingdom.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
25% reducing balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 July 2023
14,000 
45,743 
3,864 
63,607 
Additions
- 
- 
1,490 
1,490 
At 30 June 2024
14,000 
45,743 
5,354 
65,097 
Depreciation
At 1 July 2023
12,949 
26,446 
3,864 
43,259 
Charge for the year
263 
4,824 
497 
5,584 
At 30 June 2024
13,212 
31,270 
4,361 
48,843 
Net book value
At 30 June 2024
788 
14,473 
993 
16,254 
At 30 June 2023
1,051 
19,297 
- 
20,348 
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Global Textile Holdings Limited Notes to the Accounts for the year ended 30 June 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
47,750 
112,753 
Other debtors
346 
1,236 
48,096 
113,989 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
4,083 
23,552 
Loans from directors
9,602 
11,231 
Accruals
600 
700 
14,285 
35,483 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
19,102 
29,780 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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