REGISTERED NUMBER: 05998441 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Global Product Design Limited

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

DIRECTOR:

A Laki

REGISTERED OFFICE:

106 Westfield Lane,

Bradford

West Yorkshire

BD12 9LS

REGISTERED NUMBER:

05998441 (England and Wales)

ACCOUNTANTS:

DWilkinson&Company

Bank House

27 King Street

Leeds

West Yorkshire

LS1 2HL

FIXED ASSETS

Tangible assets

4

10,140

13,416

CURRENT ASSETS

Stocks

500

500

Cash at bank

4,317

1,548

4,817

2,048

CREDITORS

Amounts falling due within one year

5

30,229

24,960

NET CURRENT LIABILITIES

(25,412

)

(22,912

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(15,272

)

(9,496

)

CAPITAL AND RESERVES

Called up share capital

6

2

2

Retained earnings

(15,274

)

(9,498

)

SHAREHOLDERS' FUNDS

(15,272

)

(9,496

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 September 2025 and were signed by:

A Laki - Director

1.	STATUTORY INFORMATION

Global Product Design Limited 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

10% on cost

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% 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 Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

39,944

4,460

3,769

48,173

DEPRECIATION

At 1 April 2024

27,305

3,684

3,768

34,757

Charge for year

3,160

116

-

3,276

At 31 March 2025

30,465

3,800

3,768

38,033

NET BOOK VALUE

At 31 March 2025

9,479

660

1

10,140

At 31 March 2024

12,639

776

1

13,416

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

5,001

5,000

Tax

(1

)

4,702

Directors' current accounts

23,821

13,898

Accrued expenses

1,408

1,360

30,229

24,960

Loans from directors are interest free and repayable on demand.

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

2

Ordinary

1

2

2