GT Global Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05137920

GT Global Limited

Filleted Unaudited Financial Statements

30 September 2025

GT Global Limited

Statement of Financial Position

30 September 2025

	2025	2024
Note	£	£

Fixed assets

Intangible assets	5	275,357	259,403
Tangible assets	6	39,168	75,258
		---------	---------
		314,525	334,661

Current assets

Work in progress		176,019	276,973
Debtors	7	1,614,462	1,676,356
Cash at bank and in hand		5,390	34,007
		------------	------------
		1,795,871	1,987,336

Creditors: amounts falling due within one year	8	999,006	1,107,995
		------------	------------
Net current assets		796,865	879,341
		------------	------------
Total assets less current liabilities		1,111,390	1,214,002

Creditors: amounts falling due after more than one year	9	26,207	118,121
		------------	------------
Net assets		1,085,183	1,095,881
		------------	------------

Capital and reserves

Called up share capital	100	100
Profit and loss account	1,085,083	1,095,781
	------------	------------
Shareholders funds	1,085,183	1,095,881
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

GT Global Limited

Statement of Financial Position (continued)

30 September 2025

These financial statements were approved by the board of directors and authorised for issue on 22 June 2026 , and are signed on behalf of the board by:

D Dacey Busk
Director

Company registration number: 05137920

GT Global Limited

Notes to the Financial Statements

Year ended 30 September 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is York House, 1 Seagrave Road, London, SW6 1RP.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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 financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

These accounts have been prepared on the going concern basis and the challenges presented by current economic climate, the directors are satisfied that the company has sufficient cash flows to meet its liabilities as they fall due for at least one year from the date of approval of the accounts.

Revenue recognition

Turnover represents the invoiced value, net of Value Added Tax, of services provided to customers. Turnover is wholly derived from the principal activity of the business.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Intellectual property	-	10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Motor Vehicles	-	20% reducing balance
Equipment and Software	-	15% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Work in progress are measured at the lower of cost and estimated selling price less costs to complete and sell.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 3 ).

5. Intangible assets

	Intellectual Property
	£
Cost
At 1 October 2024	870,422
Additions	108,417
	---------
At 30 September 2025	978,839
	---------
Amortisation
At 1 October 2024	611,019
Charge for the year	92,463
	---------
At 30 September 2025	703,482
	---------
Carrying amount
At 30 September 2025	275,357
	---------
At 30 September 2024	259,403
	---------

6. Tangible assets

	Motor vehicles	Equipment and software	Total
	£	£	£
Cost
At 1 October 2024	34,000	358,101	392,101
Additions	4,750	170	4,920
Disposals	( 34,000)	( 133,819)	( 167,819)
	--------	---------	---------
At 30 September 2025	4,750	224,452	229,202
	--------	---------	---------
Depreciation
At 1 October 2024	19,493	297,350	316,843
Charge for the year	2,334	7,620	9,954
Disposals	( 21,669)	( 115,094)	( 136,763)
	--------	---------	---------
At 30 September 2025	158	189,876	190,034
	--------	---------	---------
Carrying amount
At 30 September 2025	4,592	34,576	39,168
	--------	---------	---------
At 30 September 2024	14,507	60,751	75,258
	--------	---------	---------

7. Debtors

	2025	2024
	£	£
Trade debtors	231,510	319,687
Other debtors	1,382,952	1,356,669
	------------	------------
	1,614,462	1,676,356
	------------	------------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	116,560	97,627
Trade creditors	233,627	244,893
Accruals and deferred income	176,019	276,973
Corporation tax	131,602	128,391
Social security and other taxes	6,629	7,681
Obligations under finance leases and hire purchase contracts	–	7,853
Director loan accounts	4,750	–
Other creditors	329,819	344,577
	---------	------------
	999,006	1,107,995
	---------	------------

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Obligations under finance leases and hire purchase contracts	–	4,331
Other creditors	26,207	113,790
	--------	---------
	26,207	118,121
	--------	---------

Included in other creditors is a corona business interruption loan of £220,000 taken from Bank of Scotland in May 2020 and £180,000 in April 2021. The rate of interest is 2.09% and 2.98% respectively per annum applicable from the start of second year as first year is interest free( paid to bank by HMRC) under CBIL scheme. A loan of £50,000 from Funding Circle was taken on 13 July 2023 at 22.40% for 5 years.Interet rate is fixed for the term. A loan of £66,187 from LDF finance- White Oak was taken on 25 November 2024 at 12.73% for 1 year. Interest rate is fixed for the term. The directors and other loans above are interest free and will not be repaid in preference to other creditors.

10. Related party transactions

The company was under the control of the director D Dacey Busk throughout the current and previous year. No transactions with related parties were undertaken such as are required to be disclosed under FRS 102.