Company Registration No. 12234072 (England and Wales)
GLOBAL EXPOSURE LTD
Unaudited accounts
for the year ended 30 September 2024
GLOBAL EXPOSURE LTD
Statement of financial position
as at 30 September 2024
Tangible assets
9,674
13,164
Cash at bank and in hand
18,805
11,933
Creditors: amounts falling due within one year
(44,851)
(19,653)
Net current assets
15,109
18,942
Total assets less current liabilities
24,783
32,106
Creditors: amounts falling due after more than one year
(3,183)
(5,964)
Called up share capital
101
100
Share premium
19,990
19,990
Profit and loss account
1,509
6,052
Shareholders' funds
21,600
26,142
For the year ending 30 September 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 11 December 2024 and were signed on its behalf by
Reece Callum Hussain
Director
Company Registration No. 12234072
GLOBAL EXPOSURE LTD
Notes to the Accounts
for the year ended 30 September 2024
GLOBAL EXPOSURE LTD is a private company, limited by shares, registered in England and Wales, registration number 12234072. The registered office is 100 Avebury Boulevard, Milton Keynes, Buckinghamshire, MK9 1FH, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
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:
Fixtures & fittings
25% reducing balance
Computer equipment
straight line over 3 years
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 October 2023
10,951
10,622
21,573
At 30 September 2024
10,951
12,050
23,001
At 1 October 2023
3,557
4,852
8,409
Charge for the year
1,848
3,070
4,918
At 30 September 2024
5,405
7,922
13,327
At 30 September 2024
5,546
4,128
9,674
At 30 September 2023
7,394
5,770
13,164
GLOBAL EXPOSURE LTD
Notes to the Accounts
for the year ended 30 September 2024
Amounts falling due within one year
Trade debtors
25,949
7,751
Accrued income and prepayments
2,629
1,650
Other debtors
12,577
17,261
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
2,841
2,900
Trade creditors
12,370
2,503
Taxes and social security
16,100
-
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
100 Ordinary A shares of £1 each
100
100
1 Ordinary B shares of £1 each
1
-
Shares issued during the period:
1 Ordinary B shares of £1 each
1
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan
17,177
10,386
17,177
10,386
17,177
10,386
17,177
10,386
During the year, the company advanced the director £10,386 - this loan had no repayment terms and interest has been charged on the loan.
GLOBAL EXPOSURE LTD
Notes to the Accounts
for the year ended 30 September 2024
10
Average number of employees
During the year the average number of employees was 4 (2023: 5).