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REGISTERED NUMBER: 04475549 (England and Wales)















Financial Statements for the Year Ended 31 July 2024

for

Global Light Limited

Global Light Limited (Registered number: 04475549)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Global Light Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: T Kirby





SECRETARY: Mrs D Kirby





REGISTERED OFFICE: Unit 2 Bedford Business Centre
Mile Road
Bedford
MK42 9TW





REGISTERED NUMBER: 04475549 (England and Wales)





ACCOUNTANTS: KD Associates
72 Wembley Park Drive
Wembley
Middlesex
HA9 8HB

Global Light Limited (Registered number: 04475549)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 208,784 302,364

CURRENT ASSETS
Stocks 573,981 249,517
Debtors 5 36,362 (2,552 )
Cash at bank and in hand 84,889 193,666
695,232 440,631
CREDITORS
Amounts falling due within one year 6 482,991 231,644
NET CURRENT ASSETS 212,241 208,987
TOTAL ASSETS LESS CURRENT
LIABILITIES

421,025

511,351

CREDITORS
Amounts falling due after more than one
year

7

168,792

238,848
NET ASSETS 252,233 272,503

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Share premium 74,999 74,999
Retained earnings 176,234 196,504
SHAREHOLDERS' FUNDS 252,233 272,503

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Light Limited (Registered number: 04475549)

Balance Sheet - continued
31 July 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 April 2025 and were signed by:





T Kirby - Director


Global Light Limited (Registered number: 04475549)

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

1. STATUTORY INFORMATION

These Accounts replace the original Accounts.
These are now the correct version of the Statutory Accounts.
These were prepared as they were at the date of the original Accounts.

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.

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Global Light Limited (Registered number: 04475549)

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

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 15 ).

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2023 91,114 1,503,045 1,594,159
Additions - 27,583 27,583
Disposals - (60,150 ) (60,150 )
At 31 July 2024 91,114 1,470,478 1,561,592
DEPRECIATION
At 1 August 2023 74,797 1,216,998 1,291,795
Charge for year 7,176 96,214 103,390
Eliminated on disposal - (42,377 ) (42,377 )
At 31 July 2024 81,973 1,270,835 1,352,808
NET BOOK VALUE
At 31 July 2024 9,141 199,643 208,784
At 31 July 2023 16,317 286,047 302,364

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 36,362 (4,632 )
Other debtors - 2,080
36,362 (2,552 )

Global Light Limited (Registered number: 04475549)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 69,857 75,625
Trade creditors 76,923 43,646
Taxation and social security 328,507 104,250
Other creditors 7,704 8,123
482,991 231,644

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans 54,167 86,667
Hire purchase contracts 74,513 49,319
Other creditors 40,112 102,862
168,792 238,848