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REGISTERED NUMBER: 10033814 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 December 2024

for

GLB - Consumer Division Ltd

GLB - Consumer Division Ltd (Registered number: 10033814)

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 3


GLB - Consumer Division 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: 10033814 (England and Wales)





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

GLB - Consumer Division Ltd (Registered number: 10033814)

Statement of Financial Position
31 December 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 35,335 38,095
Cash at bank 324 2,934
35,659 41,029
CREDITORS
Amounts falling due within one year 5 (8,102 ) (8,112 )
NET CURRENT ASSETS 27,557 32,917
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,557

32,917

CREDITORS
Amounts falling due after more than one
year

6

(26,007

)

(31,400

)
NET ASSETS 1,550 1,517

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,450 1,417
SHAREHOLDERS' FUNDS 1,550 1,517

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.

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


GLB - Consumer Division Ltd (Registered number: 10033814)

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


1. STATUTORY INFORMATION

GLB - Consumer Division 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 of goods provided to customers, net of value added tax and discounts. Income is recognised on dispatch.

Where payments are received from customers in advance, the amounts are recorded as deferred income and included as part of creditors due within one year.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 177
Other debtors 34,457 37,260
VAT 378 658
Accrued income 500 -
35,335 38,095

GLB - Consumer Division Ltd (Registered number: 10033814)

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


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loan 5,393 5,332
Trade creditors 226 -
Director's loan account 697 312
Accrued expenses 1,786 2,468
8,102 8,112

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 5,529 5,393
Bank loans - 2-5 years 17,440 17,010
Bank loans more than 5 years 3,038 8,997
26,007 31,400

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 3,038 8,997

7. 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 (312 ) (7,251 )
Amounts advanced - 7,251
Amounts repaid (385 ) (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (697 ) (312 )

This loan is unsecured, interest free and repayable on demand.

8. RELATED PARTY DISCLOSURES

The company has made an unsecured interest-free loan to 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 debtors was £34,457 (2023: £37,260).