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REGISTERED NUMBER: 06622130 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Global Luxury Beauty Ltd

Global Luxury Beauty Ltd (Registered number: 06622130)

Contents of the Financial Statements
for the Year Ended 31 December 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Global Luxury Beauty Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTOR: F J E Walker





REGISTERED OFFICE: 1 Minster Court
Tuscam Way
Camberley
Surrey
GU15 3YY





REGISTERED NUMBER: 06622130 (England and Wales)





ACCOUNTANTS: Butt Miller
Chartered Accountants
1 Minster Court
Tuscam Way
Camberley
Surrey
GU15 3YY

Global Luxury Beauty Ltd (Registered number: 06622130)

Statement of Financial Position
31 December 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,727 2,262

CURRENT ASSETS
Stocks 5 541,463 302,867
Debtors 6 363,712 472,517
Cash at bank 5,051 32,400
910,226 807,784
CREDITORS
Amounts falling due within one year 7 (421,065 ) (363,676 )
NET CURRENT ASSETS 489,161 444,108
TOTAL ASSETS LESS CURRENT
LIABILITIES

491,888

446,370

CREDITORS
Amounts falling due after more than one
year

8

(151,991

)

(175,060

)

PROVISIONS FOR LIABILITIES (682 ) -
NET ASSETS 339,215 271,310

CAPITAL AND RESERVES
Called up share capital 9 500,100 500,100
Retained earnings (160,885 ) (228,790 )
SHAREHOLDERS' FUNDS 339,215 271,310

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Global Luxury Beauty Ltd (Registered number: 06622130)

Statement of Financial Position - continued
31 December 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 July 2025 and were signed by:





F J E Walker - Director


Global Luxury Beauty Ltd (Registered number: 06622130)

Notes to the Financial Statements
for the Year Ended 31 December 2024


1. STATUTORY INFORMATION

Global Luxury Beauty Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Income relating to goods is recognised on despatch. Income relating to services is recognised evenly over the length of the agreement.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 25% on cost
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Global Luxury Beauty Ltd (Registered number: 06622130)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to Income Statement in the period to which they relate.

Going concern
After making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, he continues to adopt the going concern basis in preparing the financial statements.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Office Computer
equipment equipment Totals
£    £    £   
COST
At 1 January 2024 - 4,103 4,103
Additions 1,531 - 1,531
At 31 December 2024 1,531 4,103 5,634
DEPRECIATION
At 1 January 2024 - 1,841 1,841
Charge for year 40 1,026 1,066
At 31 December 2024 40 2,867 2,907
NET BOOK VALUE
At 31 December 2024 1,491 1,236 2,727
At 31 December 2023 - 2,262 2,262

5. STOCKS
2024 2023
£    £   
Stock 541,463 302,867

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 118,579 223,896
Other debtors 3,328 -
Director's current account 34,880 32,679
VAT - 1,920
Prepayments 6,925 9,521
163,712 268,016

Global Luxury Beauty Ltd (Registered number: 06622130)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


6. DEBTORS - continued
2024 2023
£    £   
Amounts falling due after more than one year:
Other debtors 200,000 204,501

Aggregate amounts 363,712 472,517

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loan 25,927 22,629
Trade creditors 199,924 210,945
Tax 13,294 38,107
Social security and other taxes 67,953 33,130
VAT 59,366 -
Other creditors 49,864 54,539
Accruals 4,737 4,326
421,065 363,676

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loan - 1-2 years 29,686 25,942
Bank loan - 2-5 years 115,852 104,311
Bank loan - over 5 years 6,453 44,807
151,991 175,060

Amounts falling due in more than five years:

Repayable by instalments
Bank loan - over 5 years 6,453 44,807

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary shares £1 100 100
500,000 Redeemable shares £1 500,000 500,000
500,100 500,100

Redeemable shares do not have any voting rights. The shares are redeemable on notice, by the company or the shareholder, on the first working day following receipt of such notice for an amount equal to 100% of the issue price.

Global Luxury Beauty Ltd (Registered number: 06622130)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
F J E Walker
Balance outstanding at start of year 32,679 (1,483 )
Amounts advanced 112,366 217,157
Amounts repaid (110,165 ) (182,995 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 34,880 32,679

Loans to the company and those with a value of less than £10,000 are interest free. Loans from the company, in excess of £10,000, are subject to interest at HMRC's approved rate. All loans are unsecured and repayable on demand.

11. RELATED PARTY DISCLOSURES

The company has received an unsecured interest-free loan from an associated company which is under common control which is repayable on demand. The balance as at the statement of financial position date included within other creditors was £34,457 (2023: £37,260).