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
Global Traders Network Limited
Company Information
for the year ended 31 July 2024
Company Number
11478375 (England and Wales)
Global Traders Network Limited
Statement of financial position
as at 31 July 2024
Cash at bank and in hand
14,405
Creditors: amounts falling due within one year
(180,331)
Net current liabilities
(130,926)
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
Global Traders Network Limited
Notes to the Accounts
for the year ended 31 July 2024
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.
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.
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
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
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
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
Global Traders Network Limited
Notes to the Accounts
for the year ended 31 July 2024
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
Loans from directors
81,730
8
Average number of employees
During the year the average number of employees was 1.