Company Registration No. 14316210 (England and Wales)
Global Promotional Services Ltd
Unaudited accounts
for the year ended 31 August 2024
Global Promotional Services Ltd
Unaudited accounts
Contents
Global Promotional Services Ltd
Company Information
for the year ended 31 August 2024
Company Number
14316210 (England and Wales)
Global Promotional Services Ltd
Statement of financial position
as at 31 August 2024
Cash at bank and in hand
73,859
1,225
Creditors: amounts falling due within one year
(102,376)
(9,198)
Net current assets/(liabilities)
5,990
(7,336)
Net assets/(liabilities)
44,219
(7,336)
Profit and loss account
44,219
(7,336)
Shareholders' funds
44,219
(7,336)
For the year ending 31 August 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 her 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 20 May 2025 and were signed on its behalf by
Ms L Sampson
Director
Company Registration No. 14316210
Global Promotional Services Ltd
Notes to the Accounts
for the year ended 31 August 2024
Global Promotional Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 14316210.
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.
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:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2023
-
-
-
-
Additions
503
37,446
280
38,229
At 31 August 2024
503
37,446
280
38,229
At 31 August 2024
503
37,446
280
38,229
Amounts falling due within one year
Global Promotional Services Ltd
Notes to the Accounts
for the year ended 31 August 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
8,000
-
Trade creditors
2,709
4,019
Taxes and social security
638
302
Other creditors
10,884
4,558
Loans from directors
(372)
250
7
Average number of employees
During the year the average number of employees was 3 (2023: 3).