REGISTERED NUMBER: 02930066 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

GLOBAL MARKETING GROUP LIMITED

Page

Balance sheet

1

Notes to the financial statements

3

Fixed assets

Intangible assets

4

-

-

Tangible assets

5

1,432,682

1,436,825

1,432,682

1,436,825

Current assets

Stocks

838,209

431,505

Debtors

6

1,166,921

597,870

Investments

7

260,627

274,077

Cash at bank and in hand

225,649

48,885

2,491,406

1,352,337

Creditors

Amounts falling due within one year

8

1,997,276

868,677

Net current assets

494,130

483,660

Total assets less current liabilities

1,926,812

1,920,485

Creditors

Amounts falling due after more than one year

9

(210,906

)

(324,600

)

Provisions for liabilities

12

(61,927

)

(62,962

)

Net assets

1,653,979

1,532,923

Capital and reserves

Called up share capital

13

15,000

15,000

Fair value reserve

14

355,035

355,035

Retained earnings

1,283,944

1,162,888

Shareholders' funds

1,653,979

1,532,923

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 directors acknowledge their 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 comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 December 2025 and were signed on its behalf by:

Mr J C Garcia-Candal - Director

1.	Statutory information

Global Marketing Group Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 02930066. The registered office and business address is Global House, Salisbury Road, Downton, Salisbury, Wiltshire, SP5 3JJ.

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 as modified by the revaluation of certain assets.

Turnover

Turnover represents amounts receivable, excluding value added tax, in respect of goods and services provided in the ordinary course of business. Turnover in respect of services is recognised when the service has been provided to the customer. Revenue is recognised for the sale of goods when the right to consideration in respect of the sale has been earned and the company has transferred to the buyer the significant risks and rewards of ownership of the goods.

Goodwill

Acquired goodwill has been written off in equal instalments over its estimated useful economic life.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures, fittings and equipment

-

25% on cost

Motor vehicles

-

25% on reducing balance

Tangible fixed assets, other than freehold property and long leasehold property, are stated at cost or valuation less depreciation.

Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life.

Freehold property and long leasehold property are stated at fair value so long as a value can be measured reliably. This will be reviewed annually.

Stocks

Stock and Work In Progress are valued at the lower of cost and net realisable value.

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 balance sheet date.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 profit or loss in the period to which they relate.

Financial instruments

Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

Current asset investments

Current asset investments are recognised at cost.

3.	Employees and directors

The average number of employees during the year was 19 (2024 - 18 ) .

4.	Intangible fixed assets

Goodwill

£

Cost

At 1 April 2024

and 31 March 2025

25,000

Amortisation

At 1 April 2024

and 31 March 2025

25,000

Net book value

At 31 March 2025

-

At 31 March 2024

-

5.	Tangible fixed assets

Freehold

Long

Plant and

property

leasehold

machinery

£

£

£

Cost or valuation

At 1 April 2024

950,000

450,000

48,173

Additions

-

-

-

Disposals

-

-

(35,223

)

At 31 March 2025

950,000

450,000

12,950

Depreciation

At 1 April 2024

-

-

34,357

Charge for year

-

-

3,238

Eliminated on disposal

-

-

(34,357

)

At 31 March 2025

-

-

3,238

Net book value

At 31 March 2025

950,000

450,000

9,712

At 31 March 2024

950,000

450,000

13,816

Fixtures,

fittings

and

Motor

equipment

vehicles

Totals

£

£

£

Cost or valuation

At 1 April 2024

138,064

27,518

1,613,755

Additions

12,049

-

12,049

Disposals

-

-

(35,223

)

At 31 March 2025

150,113

27,518

1,590,581

Depreciation

At 1 April 2024

126,664

15,909

176,930

Charge for year

9,186

2,902

15,326

Eliminated on disposal

-

-

(34,357

)

At 31 March 2025

135,850

18,811

157,899

Net book value

At 31 March 2025

14,263

8,707

1,432,682

At 31 March 2024

11,400

11,609

1,436,825

Cost or valuation at 31 March 2025 is represented by:

Freehold

Long

Plant and

property

leasehold

machinery

£

£

£

Valuation in 2014

6,500

-

-

Valuation in 2018

-

52,291

-

Valuation in 2022

350,000

-

-

Cost

593,500

397,709

12,950

950,000

450,000

12,950

Fixtures,

fittings

and

Motor

equipment

vehicles

Totals

£

£

£

Valuation in 2014

-

-

6,500

Valuation in 2018

-

-

52,291

Valuation in 2022

-

-

350,000

Cost

150,113

27,518

1,181,790

150,113

27,518

1,590,581

Freehold property and long leasehold property were valued by the director on an open market basis on 31 March 2025.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

Cost or valuation

At 1 April 2024

and 31 March 2025

27,518

Depreciation

At 1 April 2024

15,909

Charge for year

2,902

At 31 March 2025

18,811

Net book value

At 31 March 2025

8,707

At 31 March 2024

11,609

6.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

721,434

576,759

Other debtors

7,765

5,480

Prepayments

437,722

15,631

1,166,921

597,870

7.	Current asset investments

2025

2024

£

£

Unlisted investments

260,627

274,077

8.

Creditors: amounts falling due within one year

2025

2024

£

£

Bank loans and overdrafts

63,043

81,693

Hire purchase contracts (see note 10)

10,164

3,515

Trade creditors

1,237,246

362,832

Tax

40,500

44,482

Social security and other taxes

9,899

8,417

Pensions creditor

1,860

1,510

VAT

7,653

15,766

Other creditors

20,832

22,157

Directors' current accounts

114,988

3,124

Accrued expenses

491,091

325,181

1,997,276

868,677

9.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Bank loans - 1-2 years

57,400

82,893

Bank loans - 2-5 years

118,341

160,304

Bank loans more 5 yr by instal

35,165

71,239

Hire purchase contracts (see note 10)

-

10,164

210,906

324,600

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

35,165

71,239

10.	Leasing agreements

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

10,164

3,515

Between one and five years

-

10,164

10,164

13,679

Non-cancellable

operating leases

2025

2024

£

£

Within one year

11,328

10,960

11.	Secured debts

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

10,164

13,679

Bank loans

247,946

292,039

258,110

305,718

The company has bank loans which are secured by way of a legal charge over the freehold land and buildings together with a fixed and floating charge on the company. The company also has a Coronavirus Business Interruption Loan which is unsecured.

Amounts owed under hire purchase agreements are secured against the assets to which they relate.

12.	Provisions for liabilities

2025

2024

£

£

Deferred tax

61,927

62,962

Deferred

tax

£

Balance at 1 April 2024

62,962

Provided during year

(1,035

)

Balance at 31 March 2025

61,927

13.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

15,000

Ordinary

£1

15,000

15,000

14.

Reserves

Fair

value

reserve

£

At 1 April 2024

and 31 March 2025

355,035

15.	Ultimate controlling party

The company is controlled by the director, Mr J C Garcia-Candal, who owns 100% of the issued share capital.