Registered number
08132294
Global Imperative Limited
Unaudited Financial Filleted Accounts
31 July 2024
Global Imperative Limited
Registered number: 08132294
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 283 378
Current assets
Stocks 2,870 2,870
Cash at bank and in hand 110 95
2,980 2,965
Creditors: amounts falling due within one year 4 (25,909) (24,929)
Net current liabilities (22,929) (21,964)
Total assets less current liabilities (22,646) (21,586)
Creditors: amounts falling due after more than one year 5 (2,463) (2,852)
Net liabilities (25,109) (24,438)
Capital and reserves
Called up share capital 1 1
Profit and loss account (25,110) (24,439)
Shareholder's funds (25,109) (24,438)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr A Olusina
Director
Approved by the board on 18 April 2025
Global Imperative Limited
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
No income was received during the year.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 4 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2023 1,932
At 31 July 2024 1,932
Depreciation
At 1 August 2023 1,554
Charge for the year 95
At 31 July 2024 1,649
Net book value
At 31 July 2024 283
At 31 July 2023 378
4 Creditors: amounts falling due within one year 2024 2023
£ £
Accruals 590 350
Taxation and social security costs 3,613 3,613
Other creditors 21,706 20,966
25,909 24,929
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 2,463 2,852
6 Other information
Global Imperative Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unip, Sir Colin Campbell Building
Triumph Road
Nottingham
NG7 2TU
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