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Global Extrusion Direct Ltd

Financial Statements for the Year Ended 31 October 2024






Global Extrusion Direct Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTOR: J C Davies





REGISTERED OFFICE: 1a Cefn Coed Crescent
Cardiff
South Glamorgan
CF23 6AT





REGISTERED NUMBER: 12246706 (England and Wales)





ACCOUNTANTS: BPU Limited
Chartered Accountants
Radnor House
Greenwood Close
Cardiff Gate Business Park
Cardiff
CF23 8AA

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Global Extrusion Direct Ltd


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Global Extrusion Direct Ltd for the year ended 31 October 2024 which comprise the Profit & Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at icaew.com/membershandbook.

This report is made solely to the director of Global Extrusion Direct Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Global Extrusion Direct Ltd and state those matters that we have agreed to state to the director of Global Extrusion Direct Ltd in this report in accordance with icaew/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Global Extrusion Direct Ltd and its director for our work or for this report.

It is your duty to ensure that Global Extrusion Direct Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Global Extrusion Direct Ltd. You consider that Global Extrusion Direct Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Global Extrusion Direct Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






BPU Limited
Chartered Accountants


11 April 2025

Global Extrusion Direct Ltd (Registered number: 12246706)

Balance Sheet
31 October 2024

2024 2023
Notes £ £ £
FIXED ASSETS
Tangible assets 3 1,202 882

CURRENT ASSETS
Debtors 4 9,491 2,050
Cash at bank 40,763 50,730
50,254 52,780
CREDITORS
Amounts falling due within one year 5 16,994 14,396
NET CURRENT ASSETS 33,260 38,384
TOTAL ASSETS LESS CURRENT
LIABILITIES

34,462

39,266

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 34,362 39,166
34,462 39,266

Global Extrusion Direct Ltd (Registered number: 12246706)

Balance Sheet - continued
31 October 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 April 2025 and were signed by:





J C Davies - Director


Global Extrusion Direct Ltd (Registered number: 12246706)

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


1. 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.
Plant and machinery - 20% straight line
Computer equipment - 33% straight line

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.

Pension costs
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.

2. EMPLOYEES AND DIRECTORS

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

Global Extrusion Direct Ltd (Registered number: 12246706)

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


3. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£ £ £
COST
At 1 November 2023 980 2,693 3,673
Additions - 831 831
At 31 October 2024 980 3,524 4,504
DEPRECIATION
At 1 November 2023 441 2,350 2,791
Charge for year 196 315 511
At 31 October 2024 637 2,665 3,302
NET BOOK VALUE
At 31 October 2024 343 859 1,202
At 31 October 2023 539 343 882

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 9,491 2,050

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 3,567 -
Taxes & social security costs 11,498 13,042
Other creditors & accruals 1,929 1,354
16,994 14,396