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Registered number: 08266326
Global Business Club Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Savvy Accounting
25 Eccleston Place
London
SW1W 9NF
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 08266326
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 42,872 15,849
42,872 15,849
CURRENT ASSETS
Debtors 5 91,538 477,082
Cash at bank and in hand 252,161 222,103
343,699 699,185
Creditors: Amounts Falling Due Within One Year 6 (288,552 ) (583,345 )
NET CURRENT ASSETS (LIABILITIES) 55,147 115,840
TOTAL ASSETS LESS CURRENT LIABILITIES 98,019 131,689
PROVISIONS FOR LIABILITIES
Deferred Taxation (10,718 ) (2,775 )
NET ASSETS 87,301 128,914
CAPITAL AND RESERVES
Called up share capital 8 11 11
Income Statement 87,290 128,903
SHAREHOLDERS' FUNDS 87,301 128,914
Page 1
Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Jivko Gadjourov
Director
29th December 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Global Business Club Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08266326 . The registered office is Screenworks 22 Highbury Grove, Office 320, London, N5 2ER.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 33% on reducing balance
Fixtures & Fittings 25% on cost
Computer Equipment 33% on cost
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the income statement as incurred.
2.5. Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 14 (2024: 10)
14 10
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2024 41,238 15,830 24,579 81,647
Additions 35,824 - 1,973 37,797
Disposals (31,114 ) - - (31,114 )
As at 31 March 2025 45,948 15,830 26,552 88,330
Depreciation
As at 1 April 2024 31,390 15,639 18,769 65,798
Provided during the period 4,182 191 2,767 7,140
Disposals (27,480 ) - - (27,480 )
As at 31 March 2025 8,092 15,830 21,536 45,458
Net Book Value
As at 31 March 2025 37,856 - 5,016 42,872
As at 1 April 2024 9,848 191 5,810 15,849
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2025 2024
£ £
Motor Vehicles - 3,636
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 78,091 76,918
Other debtors 13,447 400,164
91,538 477,082
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts - 3,636
Trade creditors 49,493 100
Other creditors 160,741 525,480
Taxation and social security 78,318 54,129
288,552 583,345
Page 4
Page 5
7. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 3,636
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 11 11
Page 5