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Company Registration No. 07305471 (England and Wales)
Global It Tech Ltd Unaudited accounts for the period from 1 April 2024 to 30 September 2025
Global It Tech Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Global It Tech Ltd Company Information for the period from 1 April 2024 to 30 September 2025
Director
Neil Corbett
Company Number
07305471 (England and Wales)
Registered Office
GLAN PWLL BWLCH-Y-CIBAU LLANFYLLIN POWYS SY22 5LH WALES
Accountants
Taxez 5 South Charlotte Street Edinburgh EH2 4AN
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Global It Tech Ltd Statement of financial position as at 30 September 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
-
153
Current assets
Debtors
5
-
15
Cash at bank and in hand
9
245
9
260
Creditors: amounts falling due within one year
6
(6,366)
(4,864)
Net current liabilities
(6,357)
(4,604)
Net liabilities
(6,357)
(4,451)
Capital and reserves
Called up share capital
1
1
Profit and loss account
(6,358)
(4,452)
Shareholders' funds
(6,357)
(4,451)
For the period ending 30 September 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 December 2025 and were signed on its behalf by
Neil Corbett Director Company Registration No. 07305471
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Global It Tech Ltd Notes to the Accounts for the period from 1 April 2024 to 30 September 2025
1
Statutory information
Global It Tech Ltd is a private company, limited by shares, registered in England and Wales, registration number 07305471. The registered office is GLAN PWLL, BWLCH-Y-CIBAU, LLANFYLLIN, POWYS, SY22 5LH, WALES.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
4
Tangible fixed assets
Plant & machinery
£
Cost or valuation
At cost
At 1 April 2024
887
Disposals
(887)
At 30 September 2025
-
Depreciation
At 1 April 2024
734
Charge for the period
46
Surplus on revaluation
(780)
At 30 September 2025
-
Net book value
At 30 September 2025
-
At 31 March 2024
153
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Global It Tech Ltd Notes to the Accounts for the period from 1 April 2024 to 30 September 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
-
15
6
Creditors: amounts falling due within one year
2025
2024
£
£
Other creditors
2,836
2,849
Loans from directors
3,136
1,752
Accruals
394
263
6,366
4,864
7
Average number of employees
During the period the average number of employees was 1 (2024: 1).
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