Company Registration No. 07881831 (England and Wales)
Global It Management Limited
Unaudited accounts
for the year ended 31 March 2025
Global It Management Limited
Unaudited accounts
Contents
Global It Management Limited
Company Information
for the year ended 31 March 2025
Directors
Mahesh Kukadia
Dr Suraj Kukadia
Company Number
07881831 (England and Wales)
Registered Office
11 Cedar Wood Drive
Watford
WD25 0RR
Global It Management Limited
Statement of financial position
as at 31 March 2025
Investment property
1,195,000
1,195,000
Cash at bank and in hand
93,751
35,921
Creditors: amounts falling due within one year
(27,990)
(9,981)
Net current assets
77,225
28,579
Total assets less current liabilities
1,272,225
1,223,579
Creditors: amounts falling due after more than one year
(800,190)
(798,736)
Provisions for liabilities
Deferred tax
(48,600)
(48,600)
Net assets
423,435
376,243
Called up share capital
100
100
Fair value reserve
235,135
235,135
Profit and loss account
188,200
141,008
Shareholders' funds
423,435
376,243
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 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 of Directors and authorised for issue on 29 April 2026 and were signed on its behalf by
Mahesh Kukadia
Director
Company Registration No. 07881831
Global It Management Limited
Notes to the Accounts
for the year ended 31 March 2025
Global It Management Limited is a private company, limited by shares, registered in England and Wales, registration number 07881831. The registered office is 11 Cedar Wood Drive, Watford, WD25 0RR.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
The accounts are presented in £ sterling.
Investment property is included at cost together with all attributable costs. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Fair value at 1 April 2024
1,195,000
At 31 March 2025
1,195,000
Amounts falling due within one year
Other debtors
11,464
2,639
Global It Management Limited
Notes to the Accounts
for the year ended 31 March 2025
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
20,041
7,856
7
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
527,190
525,736
Loans from directors
273,000
273,000
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Transactions with related parties
During the year Mr Mahesh Kukadia incurred expense on behalf of the company which have been reimbursed to him.
10
Average number of employees
During the year the average number of employees was 0 (2024: 0).