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Registered Number: 10298396
England and Wales

 

 

 

GLOBAL BAYZ LTD



Abridged Accounts
 


Period of accounts

Start date: 01 August 2023

End date: 31 July 2024
 
 
Notes
 
2024
£
  2023
£
Current assets      
Stocks 60,000    50,000 
Cash at bank and in hand 91    39 
60,091    50,039 
Creditors: amount falling due within one year (2,118)   (15,292)
Net current assets 57,973    34,747 
 
Total assets less current liabilities 57,973    34,747 
Creditors: amount falling due after more than one year (124,793)   (110,418)
Net assets (66,820)   (75,671)
 

Capital and reserves
     
Called up share capital 4 100    100 
Profit and loss account (66,920)   (75,771)
Shareholders' funds (66,820)   (75,671)
 


For the year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 21 July 2025 and were signed on its behalf by:


-------------------------------
Roohullah Ruhul Amin
Director
1
General Information
Global bayz ltd is a private company, limited by shares, registered in England and Wales, registration number 10298396, registration address Unit 4, Telsen Centre , 55 Thomas street, Birmingham, West Midlands, B6 4TN.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 1 (2023 : 2).
3.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 01 August 2023 3,456    3,456 
Additions  
Disposals  
At 31 July 2024 3,456    3,456 
Depreciation
At 01 August 2023 3,456    3,456 
Charge for year  
On disposals  
At 31 July 2024 3,456    3,456 
Net book values
Closing balance as at 31 July 2024  
Opening balance as at 01 August 2023  


4.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
100 Class A shares of £1.00 each 100    100 
100    100 

2