1 August 2023 false No description of principal activity Taxfiler 2024.6 11478375business:PrivateLimitedCompanyLtd2023-08-012024-07-31 114783752023-07-31 114783752023-08-012024-07-31 11478375business:AuditExempt-NoAccountantsReport2023-08-012024-07-31 11478375business:FilletedAccounts2023-08-012024-07-31 114783752024-07-31 11478375business:Director12023-08-012024-07-31 11478375core:WithinOneYear2024-07-31 11478375core:ShareCapitalcore:PreviouslyStatedAmount2024-07-31 11478375core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-07-31 11478375core:PreviouslyStatedAmount2024-07-31 11478375business:SmallEntities2023-08-012024-07-31 11478375countries:EnglandWales2023-08-012024-07-31 11478375core:MotorVehicles2023-08-012024-07-31 11478375core:ComputerEquipment2023-08-012024-07-31 11478375core:MotorVehicles2023-07-31 11478375core:ComputerEquipment2023-07-31 11478375core:MotorVehicles2024-07-31 11478375core:ComputerEquipment2024-07-31 iso4217:GBP xbrli:pure
Company Registration No. 11478375 (England and Wales)
Global Traders Network Limited Unaudited accounts for the year ended 31 July 2024
Global Traders Network Limited Unaudited accounts Contents
Page
- 2 -
Global Traders Network Limited Company Information for the year ended 31 July 2024
Director
KHAN, Zain Ali
Company Number
11478375 (England and Wales)
- 3 -
Global Traders Network Limited Statement of financial position as at 31 July 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
24,776 
Investments
64,252 
89,028 
Current assets
Debtors
35,000 
Cash at bank and in hand
14,405 
49,405 
Creditors: amounts falling due within one year
(180,331)
Net current liabilities
(130,926)
Net liabilities
(41,898)
Capital and reserves
Called up share capital
1 
Profit and loss account
(41,899)
Shareholders' funds
(41,898)
For the year ending 31 July 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 17 May 2025 and were signed on its behalf by
KHAN, Zain Ali Director Company Registration No. 11478375
- 4 -
Global Traders Network Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Global Traders Network Limited is a private company, limited by shares, registered in England and Wales, registration number 11478375.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Motor vehicles
25%
Computer equipment
25%
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2023
6,401 
65,554 
71,955 
At 31 July 2024
6,401 
65,554 
71,955 
Depreciation
At 1 August 2023
1,601 
37,320 
38,921 
Charge for the year
1,200 
7,058 
8,258 
At 31 July 2024
2,801 
44,378 
47,179 
Net book value
At 31 July 2024
3,600 
21,176 
24,776 
5
Investments
Other investments 
£ 
Valuation at 1 August 2023
64,252 
Valuation at 31 July 2024
64,252 
- 5 -
Global Traders Network Limited Notes to the Accounts for the year ended 31 July 2024
6
Debtors
2024 
£ 
Amounts falling due within one year
Other debtors
35,000 
7
Creditors: amounts falling due within one year
2024 
£ 
Other creditors
95,421 
Loans from directors
81,730 
Accruals
3,180 
180,331 
8
Average number of employees
During the year the average number of employees was 1.
- 6 -