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Company registration number:
14833415
GL DIRECT LTD
Unaudited Filleted Financial Statements for the year ended
30 April 2026
Michele Williams
14 Barrow Hill Close, Worcester Park, Surrey, KT4 7PT, United Kingdom
GL DIRECT LTD
Statement of Financial Position
30 April 2026

|  | 2026 | 2025
--- | --- | --- | ---
| Note | £ | £
Fixed assets |  |  |  |  |
Investments | 5 | 1,367,833 |  | 1,204,725 |
Current assets |  |  |  |  |
Cash at bank and in hand |  | 24,505 |  | 1,007 |
Creditors: amounts falling due within one year | 6 | (1,147,712 | ) | (1,142,340 | )
Net current liabilities |  | (1,123,207 | ) | (1,141,333 | )
Total assets less current liabilities |  | 244,626 |  | 63,392 |
Capital and reserves |  |  |  |  |
Called up share capital |  | 2 |  | 2 |
Profit and loss account |  | 244,624 |  | 63,390 |
Shareholders funds |  | 244,626 |  | 63,392 |

For the year ending
30 April 2026
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These
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 income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
11 May 2026
, and are signed on behalf of the board by:

Mr G Loghin
Director

Company registration number:
14833415
GL DIRECT LTD
Notes to the Financial Statements
Year ended
30 April 2026

## 1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
58 Cumberland Drive
,
Bexleyheath
,
DA7 5LB
, United Kingdom.

## 2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

## 3 Accounting policies

## Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

## Going concern

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

## 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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

## Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

## Investment properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

## 4 Average number of employees

The average number of persons employed by the company during the year was
2
(2025:
2.00
).

## 5 Investments

| Other investments other than loans
--- | ---
| £
Cost or valuation |  |
At 1 May 2025 | 1,204,725 |
Revaluations | 163,108 |
At 30 April 2026 | 1,367,833 |
Impairment |  |
At 1 May 2025 and 30 April 2026 | - |
Carrying amount |  |
At 30 April 2026 | 1,367,833 |
At 30 April 2025 | 1,204,725 |

## 6 Creditors: amounts falling due within one year

| 2026 | 2025
--- | --- | ---
| £ | £
Taxation and social security | 4,493 |  | - |
Other creditors | 1,143,219 |  | 1,142,340 |
| 1,147,712 |  | 1,142,340 |