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Company No: 10143897 (England and Wales)

GLOBAL LEADERSHIP ASSOCIATES LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH THE REGISTRAR

GLOBAL LEADERSHIP ASSOCIATES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2024

Contents

GLOBAL LEADERSHIP ASSOCIATES LIMITED

COMPANY INFORMATION

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2024
GLOBAL LEADERSHIP ASSOCIATES LIMITED

COMPANY INFORMATION (continued)

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2024
DIRECTOR E Herdman (Resigned 21 June 2024)
R Izard
REGISTERED OFFICE 264 Banbury Road
Oxford
OX2 7DY
United Kingdom
COMPANY NUMBER 10143897 (England and Wales)
ACCOUNTANT Shaw Gibbs Limited
264 Banbury Road
Oxford
OX2 7DY
GLOBAL LEADERSHIP ASSOCIATES LIMITED

BALANCE SHEET

AS AT 30 SEPTEMBER 2024
GLOBAL LEADERSHIP ASSOCIATES LIMITED

BALANCE SHEET (continued)

AS AT 30 SEPTEMBER 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 73,485 82,226
Tangible assets 4 1,855 503
75,340 82,729
Current assets
Debtors 5 80,971 224,116
Cash at bank and in hand 118,595 554,171
199,566 778,287
Creditors: amounts falling due within one year 6 ( 257,084) ( 514,120)
Net current (liabilities)/assets (57,518) 264,167
Total assets less current liabilities 17,822 346,896
Provision for liabilities 7, 8 ( 463) ( 126)
Net assets 17,359 346,770
Capital and reserves
Called-up share capital 9 100 100
Profit and loss account 17,259 346,670
Total shareholders' funds 17,359 346,770

For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Global Leadership Associates Limited (registered number: 10143897) were approved and authorised for issue by the Director on 26 June 2025. They were signed on its behalf by:

R Izard
Director
GLOBAL LEADERSHIP ASSOCIATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2024
GLOBAL LEADERSHIP ASSOCIATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Global Leadership Associates Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 264 Banbury Road, Oxford, OX2 7DY, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Computer software 3 years straight line
Trademarks, patents and licences 10 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 3 years straight line

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Provisions

Provisions are recognised when the has a present obligation (legal or constructive) as a result of a past event, it is probable that the will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 3 3

3. Intangible assets

Computer software Trademarks, patents
and licences
Total
£ £ £
Cost
At 01 October 2023 6,997 112,670 119,667
Additions 4,986 0 4,986
At 30 September 2024 11,983 112,670 124,653
Accumulated amortisation
At 01 October 2023 5,518 31,923 37,441
Charge for the financial year 2,460 11,267 13,727
At 30 September 2024 7,978 43,190 51,168
Net book value
At 30 September 2024 4,005 69,480 73,485
At 30 September 2023 1,479 80,747 82,226

4. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 October 2023 3,101 3,101
Additions 2,326 2,326
At 30 September 2024 5,427 5,427
Accumulated depreciation
At 01 October 2023 2,598 2,598
Charge for the financial year 974 974
At 30 September 2024 3,572 3,572
Net book value
At 30 September 2024 1,855 1,855
At 30 September 2023 503 503

5. Debtors

2024 2023
£ £
Trade debtors 57,267 74,912
Amounts owed by connected companies 374 374
Corporation tax 7,307 0
Other debtors 16,023 148,830
80,971 224,116

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 123,972 326,942
Accruals and deferred income 129,231 151,196
Taxation and social security 3,380 35,725
Other creditors 501 257
257,084 514,120

7. Provision for liabilities

2024 2023
£ £
Deferred tax 463 126

8. Deferred tax

2024 2023
£ £
At the beginning of financial year ( 126) ( 381)
(Charged)/credited to the Profit and Loss Account ( 337) 255
At the end of financial year ( 463) ( 126)

9. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
50 Ordinary A shares of £ 1.00 each 50 50
50 Ordinary B shares of £ 1.00 each 50 50
100 100